Page 157 - GFOA Draft 2

CITY OF SAGINAW
GOALS, OBJECTIVES, AND PERFORMANCE MEASURES
2022-2023

ECONOMIC DEVELOPMENT

GOALS: To support, promote, enhance, and diversify the local economy through business recruitment, retention,
development, redevelopment, and information-sharing. To increase commercial product, workforce capacity, tax revenues,
and business offerings for consumer use in Saginaw.

FY 2021-2022 FY 2021-2022 FY 2022-2023
City Strategy
Department Goal Department Achievement Department Goal

Continued promotion of "Shop
Local, Shop Saginaw" to encourage
residents to support our local Actively promoting available
economy, thus increasing our sales properties to developers and site
Actively promoting available
tax collections. For the year, our
selectors to increase our existing
properties to developers and site sales tax revenues were over over tax base and economy. Continued
selectors to increase our existing
tax base and economy. Continued 21% higher that FY 2020-21. discussions with developers,
discussions with developers, Actively promoting available commercial real estate and
Develop vibrant commercial real estate and properties to developers and site businesses to forward the progress
selectors to increase our existing
on future and existing development
activity businesses to forward the progress tax base and economy. Continued projects. Continue receiving LOI's
centers/major on future and existing development discussions with developers, for existing and new developments.
corridors projects. Start receiving LOI's for
commercial real estate and
Continued progress on
existing and new developments. businesses to forward the progress redevelopment of Southern
Continued progress on
redevelopment of Southern on future and existing development Saginaw. Continued promotion of
Saginaw. Continued promotion of projects. Large property in east Building Improvement Grants,
Saginaw was sold to Victory
Saginaw Business Spotlight
Building Improvement Grants.
Development and is currently being Program and the Business
developed for a site plan. LOI's are Beautification Award Program.
coming in slowly as developments
move forward.
Department Achievements:
• Joined Regional Economic Development Partnership with the Fort Worth Chamber of Commerce.
• Continued partnership with Community Link as contracted administrator for the Saginaw Farmers Market
• Continued promotion of the program “Shop Local. Shop Saginaw” encouraging our residents to shop locally.
• Staff updated and promoted the 2016 Economic Development Strategic Plan and SWOT Analysis.
• Created new Business Directory on our website to help promote our local businesses in Saginaw.
• Created new section on our website to help promote Available Properties for sale and lease.
• Continued the popular and informative Economic Development Newsletter "City View"
• Staff attended the ICSC Red River Conference in Dallas talking with investors, developers and real estate professionals
• Staff attended 17 webinars and professional development training sessions.
• Partnered with Building Dept for Economic Development staff to continue hand-delivering Certi cate of Occupancies to the
businesses.
• Continued progress on UCD property Mixed-Use Development with meetings and discussions with Broker and Developer.
• Continued progress on The Square property Mixed-Use Development with meetings and discussions with Broker and Developer.
• Continued progress on Beltmill property Mixed-Use Development with meetings and discussions with Broker and Developer.
• Continued progress on Victory Development property Mixed-Use Development with meetings and discussions with Broker and
Developer.
• Department staff managed the Saginaw Switchyard Food Truck Park
• Enhanced the promotion of the Building Improvement Grant Program
• Redevelopment Planning For The Current Central Fire Station Site – Restaurant Or Entertainment
• Continued weekly conversations and meetings with the Retail Coach on Recruitment of restaurants, retail and entertainment.
• Continued Planning for Re-Establishing A Chamber Of Commerce

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