Page 134 - HurstFY23AnnualBudget

APPROVED BUDGET FISCAL YEAR 2022-2023

➢ Consider creative, performance based 380 agreements, when justified, to spur major
redevelopment

GOALS, OBJECTIVES & PERFORMANCE MEASURES

Council Priorities:

☐Public Safety ☐Innovation
☒Economic Vitality ☒Redevelopment
☐Infrastructure ☐Leadership

Goals:

• Target businesses that are underrepresented in the area but growing in the region
• Continue aggressive business retention and development programs to achieve pre-
pandemic level of results
• Continue to strengthen relationship with North East Mall to remain vital and community
friendly
• Continue to utilize state-of-the-art technology for economic development
• Work with staff to complete final recommendations for the Sustainability Plan and
implement action plans identified
• Work with the Hurst Conference Center to enhance its volume and take full advantage of
its connected conference center hotel and the new addition of a fifth Hurst Town Center
hotel, the Candlewood Suites, while increasing more “heads in beds”

Objectives:

• Look at desirable businesses for development and redevelopment opportunities as
identified in the Sustainability Plan done for South East Hurst
➢ 10 + Years Long Term
• Focus development efforts towards the successful redevelopment of the 50-yard line and
South East Hurst
➢ 0-3 Years Short Term
• Work closely with retail and real estate groups to determine who is in expansion mode
➢ 0-3 Years Short Term
• Continue to build on strong working relationships with businesses by counseling and
offering resources
➢ 10 + Years Long Term
• Market the city and HEB area at ICSC events and expos at national, state and regional
levels
➢ 0-3 Years Short Term

134