DEPARTMENT: Economic Development Department
DEPARTMENT HEAD: Rene Dominguez
COUNCIL DISTRICTS IMPACTED: Council District 1
SUBJECT:
A Chapter 380 Economic Development Grant Agreement with Legal Holdings, LLC (d/b/a Easyexpunctions.com) in an amount not to exceed $100,000 over three years.
SUMMARY:
Staff is requesting City Council consideration and action on an Ordinance authorizing the City to enter into a Chapter 380 Economic Development Grant Agreement (Agreement) with Easyexpunctions.com. The Agreement will provide job creation-based financial incentives to Easyexpunctions.com in an amount not to exceed $100,000 over 3 years, based on Easyexpunctions.com's commitment to relocate its headquarters from Austin to Downtown San Antonio, relocate 8 full-time jobs, and create at least 42 new full-time IT sector related jobs.
BACKGROUND INFORMATION:
As part of the City's planning and preparation for San Antonio's future growth and needs, the SA Tomorrow Comprehensive Plan lays out specific, long-term goals that seek address key economic challenges, including, the need to nurture and support entrepreneurial development, start-ups, innovation, and expand job creation in the City's Targeted Industries. Complementing SA Tomorrow and led by the San Antonio Economic Development Foundation, Forefront SA outlines community goals and tactics to support greater economic growth through a number of shared strategies. These strategies emphasize the importance of continued growth in the community's Targeted Industries, and the need to strengthen local industry ecosystems.
San Antonio itself has seen marked growth and improvement in its IT ecosystem over the past few years, with particular momentum occurring in the City's downtown area. The focus on growth in the City's Targeted Industries and increase in available lifestyle amenities have also helped the City recruit like-minded entrepreneurs and start-up companies interested in making San Antonio their headquarte...
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