Page 178 - Southlake FY22 Budget

CITY DEPArTMEnT OVErVIEW
ECONOMIC DEvELOPMENT & TOURISM

Economic Development & Tourism

The Southlake Economic Development and Tourism Department’s
mission is to sustain and grow Southlake’s vibrant economy and
outstanding quality of life by providing leadership and resources for
the creation, expansion and retention of businesses and visitors.

DEPARTMENT HIGHLIGHTS

4 $817,000 93%

For a fourth year in a Over $817,000 was According to Southlake
row, the City of Southlake awarded to local businesses businesses, 89% rated the
Economic Development & through the 2020 Southlake level of service as either
Tourism Department was Business Relief Grant excellent or good. Just over
recognized for Economic program. 93% of businesses rate
Excellence by the Texas Southlake as excellent or
Economic Development 68 good place to do business.
Council.

Sixty-eight businesses
opened in Southlake in
2020, while 46 have opened
so far in 2021.
8 1%

The Economic Development -1.3% The Economic Development
and Tourism Department and Tourism Department
has eight core services. The Economic Development includes: Director of
Division 2022 General Fund Economic Development
Budget is $257,995, which and Tourism, a Tourism
is a 1.3% decrease from the Marketing Manager, Special
0.6% FY 2021 adopted budget. Events Coordinator, and
The Tourism Division also an Economic Development
The Economic Development receives $890,750 from the Specialist. The staff
budget is 0.6% of total Hotel Occupancy Tax Fund. comprises 1% of the City’s
General Fund expenditures. workforce.

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