DEPARTMENT: Economic Development
DEPARTMENT HEAD: Rene Dominguez
COUNCIL DISTRICTS IMPACTED: City-wide
SUBJECT: City Council consideration of the 2019 Scope of Services for the San Antonio Economic Development Foundation-the 2019 Forefront San Antonio Business Plan.
SUMMARY:
This Ordinance approves the 2019 Forefront San Antonio Business Plan to achieve the City's goals for economic, global, and workforce development. Funding through September 30, 2019, is available in the Economic Development Incentive Fund FY 2019 Adopted Budget.
BACKGROUND INFORMATION:
Policy decisions by the City's Economic Development Department are largely driven by the Jobs and Economic Competitiveness section of the City's SA Tomorrow Comprehensive Plan. The department partners with local organizations and administers incentive programs to carry out the goals of SA Tomorrow in the areas of global target industry recruitment, industry retention and expansion, and entrepreneurial and workforce development. The SAEDF Economic Development Services Agreement was developed between the City and the San Antonio Economic Development Foundation (SAEDF) in an effort to secure 21st-century jobs that pay high wages through leveraging existing competitive advantages, and by creating public/private alignment towards this long-term goal.
The partnership between EDD and SAEDF is based on recommendations of the 2009 Mayor's Corporate Retention and Recruitment Committee, which consisted of business and community members, and that called for the development of a strategic plan, a process for coordination and collaboration to include a business retention and expansion (BRE) program, and improved resource utilization. In 2015, a private sector sub-committee evaluated the five-year partnership between the City and SAEDF for years 2010-2015. The committee confirmed the continuation of the partnership as an effective model and provided formal recommendations to the Council subcommittee, then called ...
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