DEPARTMENT: Economic Development
DEPARTMENT HEAD: Rene Dominguez
COUNCIL DISTRICTS IMPACTED: City-wide
SUBJECT:
Briefing on the FY 2018 San Antonio Economic Development Foundation (SAEDF) Economic Development Services Agreement.
SUMMARY:
This is a briefing by the San Antonio Economic Development Foundation (SAEDF) and City of San Antonio Economic Development Department on the the FY 2018 SAEDF Economic Development Services Agreement. Funding for this agreement is available in the FY 2018 adopted budget for the Economic Development Department.
BACKGROUND INFORMATION:
Economic Development Department policy is driven by the Jobs and Economic Competitiveness area of the SA Tomorrow Comprehensive Plan. The department invests in partners and administers incentive programs to carry out the goals of SA Tomorrow in the areas of global targeted industry recruitment, industry retention/expansion, entrepreneurial development, and workforce development. The SAEDF Economic Development Services Agreement has been developed and implemented to secure 21st century jobs that pay better wages by leveraging existing competitive advantages and creating public/private alignment towards this long term goal.
The SAEDF is charged with implementation of Forefront SA Strategic Plan for Economic Development (Forefront SA). Forefront SA is the SAEDF-led 5-year economic development action plan (through 2020). Forefront SA is calibrated to the overarching SA Tomorrow 25-year (through 2040) goals and policies. Forefront SA is executed and annually aligned through adoption of a $500,000 Economic Development Services Agreement (through 2018) administered by the Economic Development Department and appropriated in the FY 2018 adopted budget.
ISSUE:
For FY 2018, SAEDF has enhanced its governance and staffing structure, as well as integrated SA Works, in order to comprehensively plan, integrate and execute strategies in partnership with private sector leadership in each of the targe...
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