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File #: 21-697    Version: 1 Name:
Type: CONSENT AGENDA Status: Agenda Ready
File created: 4/7/2021 In control: Office of Economic Development
On agenda: 4/28/2021 Final action:
Title: Authorize (1) adoption of City of Dallas Strategic Economic Development Plan, attached as Exhibit A; (2) adoption of City of Dallas Economic Development Policy: Economic Growth and Social Progress for All, attached as Exhibit B; (3) endorsement of the recommendations for formation of a new economic development entity contained in Briefing Paper on Establishing a New Economic Development; and (4) creation of a steering committee to guide the implementation of items (2) and above - City of Dallas, attached as Exhibit C - Financing: No cost consideration to the City
Indexes: 100
Attachments: 1. Resolution, 2. Exhibit A, 3. Exhibit B, 4. Exhibit C
Date Ver.Action ByActionResultAction DetailsMeeting DetailsVideo
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STRATEGIC PRIORITY: Economic and Neighborhood Vitality
AGENDA DATE: April 28, 2021
COUNCIL DISTRICT(S): All
DEPARTMENT: Office of Economic Development
EXECUTIVE: Dr. Eric A. Johnson
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SUBJECT

title
Authorize (1) adoption of City of Dallas Strategic Economic Development Plan, attached as Exhibit A; (2) adoption of City of Dallas Economic Development Policy: Economic Growth and Social Progress for All, attached as Exhibit B; (3) endorsement of the recommendations for formation of a new economic development entity contained in Briefing Paper on Establishing a New Economic Development; and (4) creation of a steering committee to guide the implementation of items (2) and above - City of Dallas, attached as Exhibit C - Financing: No cost consideration to the City

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BACKGROUND

On June 13, 2018, City Council authorized a resolution to engage Angelou Economic Advisors, Inc. to develop a comprehensive Economic Development Strategic Plan by Resolution No. 18-0838. The consultant team spent months meeting with stakeholders, conducting a market assessment, analyzing target industries, and developing an action plan. The final Economic Development Strategic Plan, attached as Exhibit A, calls for the city to focus on four overarching goals: (1) create a new economic development organization, (2) make Dallas a world-class entrepreneurial city, (3) widen the talent pipeline, and (4) focus on inclusive and equitable economic development.

TIP Strategies was engaged by the Office of Economic Development to facilitate a review of the draft plan and to work with specific stakeholder groups to identify priorities that would inform next steps for implementation. This review included gathering input on the draft plan from Dallas City councilmembers, a community review panel, and a policy advisory committee through interviews, listening sessions, and an online survey. Feedback from that review indicated high inter...

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