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Plan for long-term economic development being prepared

Posted March 10, 2017

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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.

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MAEMSA/MedStar Mobile Healthcare Board of Director's Budget Review : 2 p.m. Aug. 21, 2017; Exectutive Board Room, MedStar Offices, 2900 Alta Mere Drive.
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Fort Worth Transportation Authority Commuter Rail Committee Work Session: 3:30 p.m. Aug. 21, 2017; Second Floor Community Room, Intermodal Transportation Center, 1001 Jones Street.
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Fort Worth Transportation Authority Planning, Operations & Marketing Committee Working Session: 4 p.m. Aug. 21, 2017; Second Floor Community Room, Intermodal Transportation Center, 1001 Jones Street.
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Fort Worth Transportation Authority Finance & Audit Committee Working Session: 4:30 p.m. Aug. 21, 2017; Secind Floor Community Room, Intermodal Transportaion , 1001 Jones Street.
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Canceled 2018 Bond Election Public Meeting District 5: 6:30 p.m. Aug. 21, 2017; Handley Meadowbrook Community Center, 6201 Beaty Street.

Canceled City Council Work Session: 3 p.m. Aug. 22, 2017; City Council Conference Room 290, Second Floor, City Hall, 200 Texas Street.

Canceled City Council Meeting: 7 p.m. Aug. 22, 2017; City Council Chamber, Second Floor, City Hall, 200 Texas Street.

Meeting of Board of Directors of Metropolitan Area EMS Authority DBA MedStar Mobile Healthcare: 10 a.m. Aug. 23, 2017; MedStar Offices, 2900 Alta Mere Drive.
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City Plan Commission Work Session: noon Aug. 23, 2017; City Council Conference Room 290, Second Floor, City Hall, 200 Texas Street.
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Capital Improvements Advisory Committee for Transportation Impact Fees: 1:30 p.m. Aug. 23, 2017; City Council Chambers, Second Floor, City Hall, 200 Texas Street.
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City Plan Commission Public Hearing: 1:30 p.m. Aug. 23, 2017; City Council Chambers, Second Floor, City Hall, 200 Texas.
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Park & Recreation Advisory Board Work Session: 3 p.m. Aug. 23, 2017; Deborah Beggs Moncrief Garden Center, Fort Worth Botanic Garden, 3220 Botanic Garden Boulevard.
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Tax Increment Reinvestment Zone Number Four Board of Directors Meeting: 3:30 p.m. Aug. 23, 2017; City Council Conference Room 290, Second Floor, City Hall, 200 Texas Street.
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Park & Recreation Advisory Board Meeting: 4 p.m. Aug. 23, 2017; Deborah Beggs Moncrief Garden Center, Fort Worth Botanic Garden, 3220 Botanic Garden Boulevard.
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Tarrant County Adult Education & Literacy Consortium Meeting: 9:30 a.m. Aug. 24, 2017; Workforce Development Board Offices, 1320 S. University Drive Suite 600.
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Urban Design Commission Public Hearing: 10 a.m. Aug. 24, 2017; City Council Conference Room 290, Second Floor, City Hall, 200 Texas Street.
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2018 Bond Election Public Meeting District 7: 6:30 p.m. Aug. 24, 2017; Northwest High School, 2301 Texan Drive Justin, TX .

2018 Bond Election Public Meeting District 8: 9:30 a.m. Aug. 26, 2017; Hazel Harvey Peace Center, 818 Missouri Avenue.

2018 Bond Election Public Meeting District 3: 1:30 p.m. Aug. 26, 2017; Multipurpose Room, Como Community Center, 4900 Horne Street.

View the full city calendar.