STRATEGIC PRIORITY: Economic and Neighborhood Vitality
AGENDA DATE: June 23, 2021
COUNCIL DISTRICT(S): All
DEPARTMENT: Office of Economic Development
EXECUTIVE: Dr. Eric A. Johnson
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SUBJECT
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Authorize a consulting contract with (1) HR&A Advisors, Inc. in an amount not to exceed $1,296,000.00 to implement the City of Dallas Economic Development Policy; and (2) Tip Strategies, Inc. dba TIP Strategies in an amount not to exceed $800,000.00 to lead formation of a new economic development entity - Total not to exceed $2,096,000.00 - Financing: Public/Private Partnership Fund
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BACKGROUND
On May 26, 2021 in Council Resolution No. 21-0927, the City Council adopted two documents. First, City of Dallas Economic Development Policy: Economic Growth and Social Progress for All was adopted as the city's economic development policy. Second, Briefing Paper on Establishing a New Economic Development Entity - City of Dallas was adopted as a set of recommendations for creation of a new economic development entity. On that same date council also approved formation of an economic development advisory task force to guide the creation of the economic development entity and the implementation of the economic development policy.
To assist with implementation of both documents, staff recommends the engagement of HR&A Advisors, Inc. (HR&A) and TIP Strategies as consultants. Each consultant was engaged in accordance with Section 10.6.6 of Administrative Directive 4-05. HR&A proposes to help the City of Dallas implement the economic development policy by providing embedded capacity from the date of this resolution through December 31, 2022. HR&A will engage stakeholders, convene and manage the proposed task force, refine the policy and its associated metrics based on input and best practices, and work across departments to prepare policies and processes in conformance with the policy. HR&A will deliver these ...
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