Page 65 - FY 2025 Adopted Operating Budget and Business Plan

Business Plan Return to Table of Contents

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 Business Recruitment and • Recruitment Leads Economic Development
1.2.1 Retention • Leads to Prospects
Summary:
Approved Agreements Date
The Office of Economic Development is participating in
recruitment efforts related to the City’s identified targeted
industry clusters. The adopted clusters are:

1) Aerospace Targeted
2) Automotive Products Industry Aerospace Automotive Products Medical Devices Industrial Manufacturing Business and Professional Service
3) Business and Professional Services Leads
4) Medical Devices
5) Industrial Machinery and Manufacturing.
st
1 Quarter
nd
As outlined in the Economic Development Strategy, the 2 Quarter
rd
Office works to generate leads and recruit companies 3 Quarter
th
within these industry clusters, which will assist in reaching 4 Quarter
one of the City’s primary economic development goals –

competitive positioning, allowing the City to capture a
larger share of high-wage, high-impact growth.

As recruitment leads are generated and projects arise, they
will be identified and tracked on a hit list reported to the
City Management Office every month. The list will track
potential capital investment, jobs created and details
about each project in order of priority. Staff will continue
to develop knowledge of the business climate that may
lead to a compelling case for industry prospects to locate
in Arlington.

FY 2025 Adopted Budget and Business Plan 56 City of Arlington, Texas