DEPARTMENT: Economic Development
DEPARTMENT HEAD: Rene Dominguez
COUNCIL DISTRICTS IMPACTED: City-wide
SUBJECT: Approval of the FY 2018 San Antonio Economic Development Foundation (SAEDF) Economic Development Services Agreement.
SUMMARY:
This Ordinance approves the FY 2018 SAEDF Economic Development Services Agreement (attached) to achieve the community's goals for economic development and authorizes payment of $90,000 to the SAEDF to fund the administration of an agreement with the community's Texas/Japan Office. Funding for both items 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 partnership is based on recommendations of the 2009 Mayor's Corporate Retention and Recruitment Committee consisting of business and community members that called for development of a strategic plan, a process for coordination and collaboration to include a business retention and expansion program, and improved resource utilization. In 2013, SAEDF contracted Deloitte Consulting to validate targeted industries and provide a competitiveness assessment to examine how effectively our community was delivering economic development services and to help develop a strategic plan. And, in 2015, a private sector sub-committee evaluated the five year partnership between COSA and SAEDF for years 2010-...
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