Posting Language
Title
Approve an ordinance amending Ordinance No. 20180830-057, which established the City's Business Expansion Program Guidelines which give high priority consideration of expansion projects that provide above industry standard compensation for middle-skill workers, maximize meaningful labor force participation, connect with small and local businesses with expansion opportunities, and yield benefits to the community beyond local tax base contribution, to update the requirements and elements of this program to improve the program eligibility criteria, refining the community benefits compliance metrics and improving the application process.
De
Lead Department
Economic Development.
Fiscal Note
This item has no fiscal impact.
Prior Council Action:
August 30, 2018 - Council passed Resolution No. 201808030-056, adopting the Economic Development Guiding Principles and the Economic Development Chapter 380 Policy, and Ordinance No. 20180830-057, enacting the Economic Development Business Expansion Program Guidelines.
For More Information:
Sylnovia Holt-Rabb, Director, Economic Development Department, 512-974-3131; Arnie Jacob, Business Process Consultant, 512-974-7786.
Council Committee, Boards and Commission Action:
Staff provided an informational briefing and sought feedback from the following:
* Economic Prosperity Commission - May 15, 2024
* Construction Advisory Committee - June 11, 2024
Additional Backup Information:
The Economic Development Department requests Council consideration of an ordinance amendment to update the Economic Development Business Expansion Program Guidelines (Program). The Economic Development Chapter 380 Policy requires the Program be updated every five years. Staff is requesting approval of the revised Business Expansion Program guidelines under the Chapter 380 Program Policy Framework. The initial Program development was based on extensive community outreach and consultation. Staff approached the update as an exerci...
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