Page 275 - City of Mansfield FY22 Operarting Budget

MANSFIELD ECONOMIC DEVELOPMENT CORPORATION

MISSION STATEMENT:

The mission of the Mansfield Economic Development Corporation (MEDC) is to attract desirable
industries and commercial development to the City of Mansfield while retaining and assisting in the
expansion of existing businesses.

Services Provided
• Business attraction/recruitment/retention.
• Business marketing.
• Workforce development.
• Incentive program administration.

Accomplishments in FY 2020-2021
• MEDC sold a portion of land in the Mansfield International Business Park to Amazon. Amazon
will be building a 219,000 sq. ft. distribution facility. Construction began in the first quarter of
2021. This will create additional employment opportunities and attract additional investments to
the City of Mansfield.

FY 2021-2022 Goals and Objectives

1. Sell the remaining land in the Mansfield International Business Park.
• Work with national real estate brokers to market property to desired companies.
• Continue to network with brokers and site selection firms to attract investment.
• Develop the profile of a desired company to attract to the property.

2. Initiate new retail and commercial projects.
• Continue to work with retail developers and brokers to attract new retail to Mansfield.
• Work with brokers and developers to identify potential Class A office opportunities.
• Identify potential new retail/restaurant opportunities for Historic Downtown.

3. Evaluate the Development Strategy in the City’s Comprehensive Plan.
• Evaluate priority areas for development based on desired land use.
• Work with property owners to market their property for desired development.
• Formulate an incentive strategy for desired development.

274