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Business Plan                                         Return to Table of Contents
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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)                 Department(s)
             IOE     Business Recruitment and     Recruitment Leads           Economic Development
             1.2.1   Retention                  Leads to Prospects
             Summary:
                                                                        Approved Agreements           Date
             The Office of Economic Development is participating in
             recruitment efforts related to the City’s identified
             targeted industry clusters.  The adopted clusters are 1)
                                                                   Targeted
             Aerospace, 2) Automotive Products, 3) Business and
                                                                    Industry
             Professional Services, 4) Medical Devices, and 5)
             Industrial Machinery and Manufacturing.                 Leads        Aerospace   Automotive   Products   Medical   Devices   Industrial   Manufacturing   Business and   Professional

             As outlined in the Economic Development Strategy, the
             Office works to generate leads and recruit companies
                                                                   st
             within these industry clusters, which will assist in reaching   1  Quarter
                                                                   nd
             one of the City’s primary economic development goals –   2  Quarter
                                                                   rd
             competitive positioning, allowing the City to capture a   3  Quarter
             larger share of high‐wage, high‐impact growth.       4  Quarter
                                                                   th

             As recruitment leads are generated and projects arise,
             they will be identified and tracked on a hit list reported to
             the City Management Office every month.  The list will
             track potential capital investment, jobs created and
             details about each project in order of priority. Staff will
             continue to develop knowledge of the business climate
             that may lead to a compelling case for industry prospects
             to locate in Arlington.



































             FY 2022 Adopted Budget and Business Plan                                        67                                                                City of Arlington, Texas
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