DEPARTMENT: Economic Development
DEPARTMENT HEAD: Rene Dominguez
COUNCIL DISTRICTS IMPACTED: All
SUBJECT:
Economic Development Department FY2018 International Business Plan
SUMMARY:
The EWDC presentation will provide an overview of the FY2018 international plan, which will be guided and structured by our most recent collaboration with the Brookings Institution's Global Cities Initiative to develop more specific and results-oriented strategies to prioritize foreign metro markets.
BACKGROUND INFORMATION:
The San Antonio business and economic development community launched the San Antonio Trade and Investment Strategy (SATIS) in 2015, as a result of a two year partnership with the Brookings Institution and its Global Cities Initiative. The strategy identifies two primary areas of focus: (1) the promotion of foreign direct investment (FDI); and (2) the growth of exports. The SATIS continues to provide the outline in which EDD develops and supports international economic development by prioritizing international markets to focus on trade and investment efforts, and operationalizing economic strategies through partner support.
San Antonio was recently selected by Brookings to join a new cohort of eight metros seeking to develop and amplify the impact of trade strategies through research and strategic development problem-solving. This new Global Cities Initiatives will build upon our previous work and provide more specific, data-driven, and results-oriented strategies that will lead to increased jobs and investment in our community. Specifically, this effort will help prioritize foreign metro markets.
In FY17, and as part of FY18, the Economic Development Department (EDD) developed initiatives that complement and supplement the Strategy. These initiatives focus on the community's international economic development efforts, with the goal of growing both FDI and exports and promoting San Antonio as a global destination. The EWDC presentation will prov...
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