Page 79 - Microsoft Word - FY 2022 Adopted Budget Document

Business Plan Return to Table of Contents
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) Department(s)
IOE Small Business Initiative Interactions with Existing Businesses Economic Development
1.2.2
Small Business Initiative
Established in 2018, the small business initiative committee Small Business Updates Date
focuses on responding to small business requests, managing
the small business website, and staying up to date with

partner organizations including the Tarrant County Small Small Business Incubator Date
Business Development Center, SCORE Fort Worth, TechFW
and EpicMavs. Representatives from the Planning and

Development, Purchasing, Library and OED departments
serve on the committee. In 2021, Staff will focus on

business outreach and continue to stay up to date on
resources to assist businesses affected by the pandemic.

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.

FY 2022 Adopted Budget and Business Plan 68 City of Arlington, Texas