DEPARTMENT: Economic Development Department
DEPARTMENT HEAD: Rene Dominguez
COUNCIL DISTRICTS IMPACTED: Council District 1
SUBJECT:
A Chapter 380 Economic Development Grant Agreement with Dialpad, Inc 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 Dialpad, Inc (Dialpad). The Agreement will provide job creation-based financial incentives to Dialpad in an amount not to exceed $100,000 over three (3) years, based on Dialpad's commitment to retain 6 full-time jobs and create up to 44 new, full-time IT sector related jobs.
BACKGROUND INFORMATION:
The Dialpad project supports a number of the key long-term economic goals laid out in the City's SA Tomorrow Comprehensive Plan and also those outlined in the community economic development strategic plan led by the San Antonio Economic Development Foundation, Forefront SA, such as support for entrepreneurial development and start-ups, expanded job creation and economic growth, and innovation in the City's Targeted Industries. The project presents an excellent opportunity to secure an innovative, rapidly growing, and high-paying technology company in the heart of Downtown San Antonio, and will contribute to the continued growth of a robust IT ecosystem in the city's urban core. As a cloud-based technology company, Dialpad's growth in San Antonio will further elevate the city's profile as a leader in the cloud technology sector as well.
Founded in 2011 and headquartered in San Francisco, California, Dialpad provides cloud-based enterprise communication solutions including voice, video, instant messaging, text, and online meeting systems. Available on any device, and integrated with both Microsoft Office 365 and Google Apps for Work, Dialpad allows employees to have business conversations across numerous mediums both inside ...
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