Page 418 - FY 2025 Adopted Operating Budget and Business Plan

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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 Expansion of Foreign Direct Recruitment Related Events Attended Economic Development
1.2.3 Investment (FDI) Promotion
Summary:
International
Economic Development Staff continues to conduct Tradeshows/Conferences Date
research, gain industry intelligence, and forge relationships IEDC Oct. 2020
with international industry decision makers, as well as site NASCO Mexico Council March 2021 Mar. 2021
selectors in the targeted international markets. NASCO Neighborhood Council April 2021
BREI Annual Conference June 2021
Within the past few years, Staff has expanded foreign Select USA June 2021
direct investment efforts by attending trainings, NASCO North American Council June 2022
conferences and expos known to result in the generation BREI Annual Conference June 2022
of viable leads. Staff will also work to establish Wallbox Arlington Grand Opening Oct. 2022
partnerships with affiliate organizations and local brokers
NASCO Neighborhood Council Feb. 2023
to assist in the promotion of Arlington as a prime location Select USA-Taiwan Delegation DFW May 2023
for global investment.
Business Retention & Expansion Int’l June 2023
Taiwanese Trade Council Summit June 2023
Staff’s progress in the expansion of its international efforts
IEDC Annual Conference Sept. 2023
will be tracked and reported, and any resulting relocation
or recruitment projects will be identified. NASCO Appreciation Luncheon Feb. 2024
NASCO 2024 Reunion April 2024
IEDC Economic Future Forum June 2024
Update:
Staff continues to pursue new international and FDI NTXIA Consortium Meeting July 2024
opportunities through both existing partnerships and Life Science Research Summit July 2024
potential new ones that will support set economic Sister Cities – Germany Sep 2024
development goals and objectives in this regard. Our IEDC Annual Conference 2024 Sep 2024
partnership with NASCO was leveraged to showcase
Arlington at the 2024 Reunion event in Monterrey, Mexico.
Branded promotional items were donated and handed out
to various elected officials, business representatives and
potential foreign investors. In addition, the OED provided
a marketing video that was shown to all attendees during
the event to introduce everyone to Arlington and remind
others of our community assets that will hopefully help
make the upcoming reunion a success. Staff coordinated
this directly with the NASCO organization and will be
closely involved with future planning and coordination for
the upcoming 2025 NASCO reunion to be held in Tarrant
County, TX. The World Cup in 2026 remains to be a key
point of emphasis and attractor.

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