Page 382 - Microsoft Word - FY 2020 Adopted Budget Document

Invest in Our Economy

Goal 1: Enhance Economic Impact Through Development and
Redevelopment Efforts, Partnerships, and Investment Opportunities
Objective 2: Build a Strong and Diverse Business Community
Project Performance Measure(s) City Service Team (Department)
IOE Economic Development Business Number of Jobs created or retained Economic Development and Capital
1.2.2 Incubator through OED efforts Investment (ED)
Summary:

In conjunction with Community Development & Planning,
Economic Development, Water Utilities, and UT Arlington,
the City will work to develop a Business Incubator. The
collaboration of these key institutions to address this
pressing need should both enhance the financial stability
and the prominence of these institutions and benefit the
private sector organizations in the Community.

A Business Plan has been developed and is currently under
review by City management and the university. The
Business Plan is based on the analysis of various incubator
facilities throughout the country as well as dialogue with
incubator directors.

Update:
UTA continues to search for alternative locations that could
serve as the small business incubator near or on campus.

In addition, ED staff began preparing a small business
competition proposal.

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