Page 334 - CityofArlingtonFY26AdoptedBudget

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 Salcomp HQ Performance Agreement 10/15/24
recruitment efforts related to the City’s identified targeted E-Space – Master Ag. 3 Amendment 11/13/24
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industry clusters. The adopted clusters are:
Moss Construction Mgr. – E-space 12/11/24
Gensler Amendment 1 – E-space 12/11/24
1) Aerospace Hill Building Group Amend1 – E-space 12/11/24
2) Automotive Products Go For Three Amendment - Sheraton 2/14/25
3) Business and Professional Services E-Space – Master Ag. 4 Amendment 3/18/25
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4) Medical Devices Gensler Amendment 2 – E-space 4/14/25
5) Industrial Machinery and Manufacturing.
Japan-Texas Economic Summit Host 4/14/25
Ben Thanh Performance Agreement 4/21/25
As outlined in the Economic Development Strategy, the
Office works to generate leads and recruit companies CVB (Corp) Welcome Center 5/20/25
Agreement
within these industry clusters, which will assist in reaching
one of the City’s primary economic development goals – EDC Airport Land Lease – E-space 6/17/25
competitive positioning, allowing the City to capture a Moss Con. Mgr. Amend1 - E-space 6/17/25
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 Targeted
City Management Office every month. The list will track Industry Aerospace Automotive Products Medical Devices Industrial Manufacturing Business and Professional Service
potential capital investment, jobs created and details Leads
about each project in order of priority. Staff will continue
to develop knowledge of the business climate that may st
1 Quarter
lead to a compelling case for industry prospects to locate 2 Quarter
nd
in Arlington.
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3 Quarter 1 1 3 11 6
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4 Quarter
Update:
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For 3 Quarter of FY 2025, there are currently 27 leads and
prospects in the targeted industry categories.

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