Home > News

Plan for long-term economic development being prepared

Posted March 10, 2017

Archived Content Information and links provided may no longer be accurate.
city skyline at sunset
A forthcoming economic development plan will seek to enhance Fort Worth's economic vitality and attractiveness.

Fort Worth launches its first economic development strategic planning initiative this month, a document that’s expected to provide guidance and strategies across the community for the next five years.

TIP Strategies, with offices in Austin and Seattle, won a request-for-proposal bid process against 11 other companies. The study is funded through a $350,000 allocation from the city’s general fund.

TIP Strategies was selected after an extensive review and interview process and was chosen based on its experience and quality of the team assembled, said Robert Sturns, director of the city’s Economic Development Department. The company has worked with more than 300 organizations in 37 states and four countries. It has engaged Fregonese Associates, JLL (Jones Lang LaSalle) and Isaac Barchas, director of the Austin Technology Incubator, to assist with the Fort Worth project.

The plan will outline a set of strategic initiatives to recruit new businesses to the area, attract and retain talent, develop the local workforce, and expand existing industry and business sectors, Sturns said. The document also will outline approaches to promote investment in targeted areas and enhance the city’s quality of life.

“This plan will be geared toward implementation as we seek to enhance the economic vitality and attractiveness of the City of Fort Worth, as well as strengthen its status in the North Texas region and as one of America’s most livable cities,” Sturns said.

“A successful economic development strategy requires significant stakeholder engagement. Meaningful opportunities for engagement will be available, including one-on-one interviews, issue-specific roundtables, town hall meetings, online surveys and social media.”

The report from TIP Strategies is expected by late summer and will guide decisions on the fiscal year 2018 budget, including additional resource allocation, staffing and programming. Longer-term strategies will be worked into future budget requests, Sturns said.

“Our goal is to have specific, defined metrics that will gauge how successful we are as a community in moving the needle forward on commercial investment value, wages, corporate attraction, workforce development, small-business development and revitalization activities,” he said.

At various stages of the process, document drafts will be provided to the Executive Committee and City Council. The schedule calls for the City Council to review the final document in late summer with implementation to begin immediately after approval.

Get articles like this in your inbox weekly. Subscribe to City News

City News

Calendar

City Council Budget Work Session on the FY2019 Budget: 9 a.m. Aug. 16, 2018; City Hall, second floor, City Council Conference Room 290, 200 Texas Street.
View the agenda »

City of Fort Worth “Monthly Informational Forum for M/WBEs”: 11:30 a.m. Aug. 16, 2018; James E. Guinn Entrepreneurial Campus - Fort Worth Business Assistance Center, 1150 South Freeway.

Workforce Delivery Systems Committee: noon Aug. 16, 2018; Board Large Conference Room, 1320 S. University Drive, Suite 600.
View the agenda »

Community Action Partners Council: 1:30 p.m. Aug. 16, 2018; First Floor Board Room, Fort Worth City Credit Union, 2309 Montgomery Street.
View the agenda »

West 7th Street Design & Connectivity Project Meeting: 6:30 p.m. Aug. 16, 2018; University of North Texas Health Science Center, Carl E. Everett Education & Administration Building, Room 406, 3500 Camp Bowie Blvd.

Library Advisory Board Meeting: 7 p.m. Aug. 16, 2018; Central Library Board Room, 500 W. 3rd Street.
View the agenda »

Community Food Share Day at Como: 9 a.m. Aug. 17, 2018; Como Community Center, 4900 Horne St.

City Council Budget Work Session on the FY2019 Budget: 10 a.m. Aug. 17, 2018; City Hall, second floor, City Council Conference Room 290, 200 Texas Street.
View the agenda »

Seasonal Scavenger Hunt at Chisholm Trail: noon Aug. 17, 2018; Chisholm Trail Community Center, 4936 McPherson Blvd.

Movie Night at Worth Heights: 6:30 p.m. Aug. 17, 2018; Worth Heights Community Center, 3551 New York Ave.

Back to School Bash at Como: 9 a.m. Aug. 18, 2018; Como Community Center, 4900 Horne St.

Back to School Bash at Thomas Place: 10 a.m. Aug. 18, 2018; Thomas Place Community Center, 4237 Lafayette Ave.

MedStar Foundation Board of Directors Meeting: noon Aug. 20, 2018; MedStar Mobile Healthcare, 2900 Alta Mere Dr.
View the agenda »

Metropolitan Area EMS Authority DBA Medstar Mobile Healthcare Board Budget Review: 3 p.m. Aug. 20, 2018; MedStar Mobile Healthcare, 2900 Alta Mere Drive.
View the agenda »

Task Force on Race and Culture: 5 p.m. Aug. 20, 2018; Oak Hall, Deborah Beggs Moncrief Garden Center, 3220 Botanic Garden Boulevard.
View the agenda »

Basswood Boulevard & Kroger Drive Infrastructure Improvements: 6 p.m. Aug. 20, 2018; Summerglen Library, 4205 Basswood Blvd.

Central City Local Government Corporation: 2 p.m. Aug. 21, 2018; Conference Room 290, 2nd Floor, City Hall, 200 Texas Street.

Fort Worth Local Development Corporation: 2 p.m. Aug. 21, 2018; Conference Room 290, 2nd Floor, City Hall, 200 Texas Street.

AllianceAirport Authority, Inc.: 2 p.m. Aug. 21, 2018; Conference Room 290, 2nd Floor, City Hall, 200 Texas Street.

Lone Star Local Government Corporation: 2 p.m. Aug. 21, 2018; Conference Room 290, 2nd Floor, City Hall, 200 Texas Street.

City Council Work Session: 3 p.m. Aug. 21, 2018; Council Conference Room 290, 2nd Floor, City Hall, 200 Texas Street.

City Council Meeting: 7 p.m. Aug. 21, 2018; Council Chambers, 2nd Floor, City Hall, 200 Texas Street.

View the full city calendar.