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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 All Economic Development Economic Development and Capital
1.2.7 Corporation Measures Investment (ED)
Summary:
Milestone Date
On November 3, 2020, Arlington voters approved the Quarter‐Cent Sales Tax approved by Nov. 2020
adoption of an additional quarter‐cent City sales and Arlington Voters
use tax during the General Election. The quarter‐cent Board of Directors Appointed Dec. 2020
sales and use tax will fund Arlington's Economic ED Strategy RFQ sent to consulting Dec. 2020
Development Corporation to undertake such projects agencies
as authorized by Chapter 505 of the Texas Local ED Strategy Consultant Selected Feb. 2021
Government Code. The sales tax will become active in EDC Board Meeting Scheduled Feb. 2021
April 2021 and is estimated to generate $15‐17 Million Board Orientation Feb. 2021
per year. Bylaws drafted for review by EDC Mar. 2021

City Services agreement drafted for Mar. 2021
review by EDC
Update:
EDC staffing moving forward with Mar. 2021
In June, the EDC Board approved an agreement with position descriptions and recruitment
Bell Textron Inc. Under the proposed agreement, Bell strategy
Textron Inc., would construct a new approximate
EDC budget drafted and under review by Mar. 2021
50,000 square foot facility to house systems integration CMO
labs by the end of 2023. The facility would be required
Real Estate Market and Workforce Apr. 2021
to achieve a minimum taxable value of $15,000,000 and Discussion
eventually support a minimum of 175 full time jobs
FY 2021 EDC Budget Approved Apr. 2021
with a minimum average salary of $75,000. ED Strategy Update Discussion May 2021

Additionally, TIP Strategies interviewed EDC board
Agreements Date
members and City Council representatives to learn
about their economic development goals for the city. Performance Agreement with Bell June 2021
Textron
TIP Strategies presented the initial findings to both City
Council and the EDC Board.

The Board hired an EDC Economic Development
Coordinator, Erica Yingling, who joined the city in June.

The Board and Staff continues to work with the PACE
Group to find an Executive Director. Interviews will take
place in July.

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