Page 415 - Microsoft Word - FY 2022 Adopted Budget Document

Return to Table of Contents

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 Business Recruitment and  Recruitment Leads Economic Development and Capital
1.2.1 Retention  Leads to Prospects Investment (ED)
 On‐Site Business Visits
Summary:
Approved Agreements Date
The Office of Economic Development is participating
First Amendment to the Interlocal Agreement with Oct. 2020
in recruitment efforts related to the City’s identified Tarrant County relative to providing City staff
targeted industry clusters. The adopted clusters are resources to the County for COVID‐19 related
1) Aerospace, 2) Automotive Products, 3) Business activities.
and Professional Services, 4) Medical Devices, and 5) Lease Agreement with Nanoscope Technologies, Oct. 2020
Industrial Machinery and Manufacturing. LLC, relative to an office and laboratory space use
to be located at 1624 New York Avenue
As outlined in the Economic Development Strategy, Policy Statement for Tax Abatement Oct. 2020
the Office works to generate leads and recruit Chapter 380 Grant Agreement with Arlington Oct. 2020
companies within these industry clusters, which will Matlock Partners
assist in reaching one of the City’s primary economic Ordinance establishing Reinvestment Zone Dec. 2020
development goals – competitive positioning, Number Forty‐Seven
allowing the City to capture a larger share of high‐ Texstars, LLC Tax abatement for a project in Dec. 2020
wage, high‐impact growth. Reinvestment Zone Number Forty‐Seven
Chapter 380 Grant Agreement by and between Dec. 2020
As recruitment leads are generated and projects PHC Equities, LLC
arise, they will be identified and tracked on a hit list A Resolution appointing membership to the Dec. 2020
reported to the City Management Office every Economic Development Corporation
month. The list will track potential capital A resolution authorizing the execution of an Jan. 2021
investment, jobs created and details about each Agreement Relative to TIRZ #1 Participation in UTA
College Park Project
project in order of priority. Staff will continue to
A resolution authorizing the execution of a Chapter Jan. 2021
develop knowledge of the business climate that may
380 Grant Agreement by and between CD/Park7
lead to a compelling case for industry prospects to
A resolution approving the assignment of all the Feb. 2021
locate in Arlington.
rights and obligations accruing to NP Arlington
Targeted Industrial, LLC
Aerospace Automotive Products Medical Devices Industrial Manufacturing Business and Professional Beer Company, LLC Mar. 2021
Industry A resolution authorizing the execution of a Chapter Mar. 2021
Leads 380 Grant Agreement by and between Legal Draft
A resolution authorizing the execution of an
Administrative Services Agreement with the
Arlington EDC
1 Quarter 2 4 1 2 2 A resolution approving the Bylaws for the Arlington Mar. 2021
st
nd
2 Quarter 1 6 1 Economic Development Corporation
rd
3 Quarter 1 8 5 A resolution authorizing the execution of a Mar. 2021
th
4 Quarter Professional Services Contract with TIP Strategies
A resolution authorizing the execution of an Mar. 2021
Interlocal Agreement with Tarrant County for TIRZ
#7
A resolution calling a public hearing for April 27, Apr. 2021
2021 on the creation of a reinvestment zone for
tax increment financing,

29