Page 167 - NRH FY20 Approved Budget
P. 167

DEPARTMENT / DIVISION                                   FUND
         CITY COUNCIL – ADMINISTRATION                            GENERAL
         PROGRAM NAME
         TARGETED ECONOMIC DEVELOPMENT
                                                   DESCRIPTION / MISSION
          During the biannual Goals Setting Work Session, the City Council establishes goals for the City of North Richland Hills. Targeted
          Economic Development is one of the nine goals established by the Council. Targeted Economic Development focuses the City’s
          economic development incentives on specific geographic areas and business sectors to enhance the impact.




                                                           GOALS
          • To attract the types of businesses we want to our community.
          • To promote diversity in economic development.
          • To encourage developers to maximize use of existing real estate and locations.
          • To have proactive strategic land acquisition and management.


                                                        OBJECTIVES
          • Research market to determine business opportunities.
          • Support small business development.
          • Work with businesses to assist in finding locations within our City.
          • Maintain inventory of available, non residential tracts and vacant buildings.
          • Continue BIG program.
          • Sell unneeded city property.
          • Manage property acquisitions, dispositions and incentives that increase taxable revenue.

                                                                      2017-18          2018-19          2019-20
                        PERFORMANCE MEASURES                          ACTUAL          REVISED         ESTIMATED
           Total # of brick n mortar businesses                                        1,377                    1,407                      1,432



           # Of new brick n mortar businesses                                             80                         83                           75

           # Of closed brick n mortar businesses                                            48                         53                           50
           Net business count                                                 +32              +30             +25
           Total # of BIG program participants                                            22                           24                           26

           Total taxable sales                                      $1,027,998,100   $1,039,588,700  $     1,060,380,474






































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