Page 385 - FY 2009 Proposed Budget

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 Small Business Initiative Interactions with Existing Businesses Economic Development and
1.2.2 Capital Investment (ED)
Small Business Initiative
Established in 2018, the small business initiative committee
focuses on responding to small business requests, Small Business Initiative Date
managing the small business website, and staying up to COVID‐19 Small Business Resource Mar. 2020
date with partner organizations including the Tarrant Website Implemented
County Small Business Development Center, SCORE Fort COVID‐19 Relief Grant and Loan Apr. 2020
Worth, TechFW and EpicMavs. Representatives from the
Research and Website Updates
Planning and Development, Purchasing, Library and OED Tarrant County Small Business June 2020
departments serve on the committee. Assistance Grant Promotion
Established Tarrant County Small June 2020
Update: Business Assistance Grant Applicant
th
During the 4 quarter, Staff focused on business outreach
Support “Hotline” and Library Help
and continued to stay up to date on resources to assist Sessions
businesses affected by the pandemic. Per the Interlocal Tarrant County Small Business Grant Oct. 2020
Agreement with Tarrant County, COA Staff assisted Tarrant
Promotion and Workshops Round 2
County Auditing Department with application review
Tarrant County finalized Round 1 of their Small Business
Assistance Grant Program and 800 grants were issued to Small Business Incubator Date
Arlington businesses totaling $6,269,684.72. Contracts Completed Feb. 2020
Construction Meeting Apr. 2020
Tarrant County announced a second round for the grant
program in September. Staff coordinated with the Arlington
Library, Planning and Development, CLA, Purchasing and
multiple partner organizations to promote the program in
October and host in‐person workshops.

Economic Development Business Incubator
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:
The project is currently on hold until further discussion with
the University.

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