Posting Language
Title
Authorize negotiation and execution of a Place-Based Enhancement Cultural Preservation economic development agreement with Downtown Grocery LLC, d/b/a Royal Blue Grocery, to support its continued operation as a downtown neighborhood grocery, for a total amount not to exceed $82,077 over a five-year term to support retention of this local legacy business. Funding: $15,214 is available in the Fiscal Year 2026-2027 Economic Incentive Reserve Fund. Funding for future award payments will be contingent upon future appropriations to the reserve fund.
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Lead Department
Austin Economic Development.
Fiscal Note
Maximum economic development agreement payments to Downtown Grocery LLC, d/b/a Royal Blue Grocery, are estimated at $82,077 over the course of a five-year term, if all performance and compliance criteria are met. Funding for incentive payments is contingent upon the annual appropriation of funds to the Economic Incentive Reserve Fund. Eligible sources of funding for the Economic Incentive Reserve Fund may include, but are not limited to, sales taxes, property taxes, mixed beverage taxes, and grants and private donations.
For More Information:
Mac Cummins, Director, Austin Economic Development, 512-568-9720; Matthew Schmidt, Division Manager, Austin Economic Development, 512-974-6415.
Additional Backup Information:
Project Summary and Impact
Royal Blue Grocery is a legacy local business with multiple urban grocery stores; the 3rd Street location has been established for 20 years. While this agreement would only be for this one location, the company has established successful urban market groceries and convenience stores throughout the Austin Downtown. Royal Blue serves an average of 3,000 customers per day overall, including visitors, residents, and Downtown workers. Royal Blue also supports local Austin brands through promotional stocking and events, supporting hundreds of local brands to grow their capacity for larger retailers.
Royal ...
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