DEPARTMENT: Economic Development
DEPARTMENT HEAD: Rene Dominguez
COUNCIL DISTRICTS IMPACTED: All
SUBJECT:
Overview and status of the partnership between the City of San Antonio (City) and the San Antonio Economic Development Foundation (SAEDF).
SUMMARY:
The SAEDF will present an overview of its functions, governance structure, updates on performance of its 2018 Business Plan approved by City Council in December 2017, as well as preview of the upcoming 2019 Business Plan.
BACKGROUND INFORMATION:
The City's Economic Development Department (EDD) is guided by the Jobs and Economic Competitiveness section of the SA Tomorrow Comprehensive Plan (the SA Tomorrow Plan). EDD invests in partners and administers incentive programs to carry out the goals of the Plan. These activities leverage the City's existing competitive advantages and create public and private alignment toward the City's long term goals to secure 21st Century jobs that pay higher wages.
The City's public/private partnership with SAEDF began in 2010 and represents an evolution of the City's Economic Development Delivery System. The partnership pursued a business retention and expansion program focused on integrated targeted industry development and developed a community-wide strategic plan. By 2015, the partnership had resulted in the completion of 119 projects and the creation of over 19,700 jobs. In 2015, a private sector sub-committee evaluated the partnership. The evaluation recommended the continuation of the partnership and the acceleration of a new plan for years 2016-2020, the Forefront SA Strategic Plan (Forefront SA Plan).
Forefront SA is the SAEDF-led 5-year economic development strategic plan through 2020 that focuses on formal collaboration among public sector partners, private sector leadership, and maximizing resources. An annual Business Plan is aligned through adoption of a $580,000 Economic Development Services Agreement administered by EDD. The SAEDF annual Business Plan articulat...
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