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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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Building Standards Commission Pre-Meeting: 9 a.m. June 26, 2017; City Hall, City Council Conference Room 290, 200 Texas Street.
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Building Standards Commission Meeting: 9:30 a.m. June 26, 2017; City Hall, Council Chamber, 2nd Floor, 200 Texas Street.
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DFW International Airport Public Facility Improvement Corporation Board: 10:30 a.m. June 26, 2017; Board Room - DFW Airport Headquarters Building , 2400 Aviation Drive.
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Fort Worth Transportation Authority Board of Directors: 3:30 p.m. June 26, 2017; Intermodal Transportation Center, 1001 Jones Street, 2nd Floor Community Room.
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Step One: Starting a Business: 11 a.m. June 27, 2017; James E. Guinn Entrepreneurial Campus, Business Assistance Center, 1150 S. Freeway.

DFW International Airport Board Retirement/Investment Committee: 12:30 p.m. June 27, 2017; Board Room - DFW Airport Headquarters Building, 2400 Aviation Drive.
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DFW International Airport Board Operations Committee: 12:40 p.m. June 27, 2017; Board Room - DFW Airport Headquarters Building, 2400 Aviation Drive.
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DFW International Airport Board Finance/Audit Committee: 1 p.m. June 27, 2017; Board Room - DFW Airport Headquarters Building, 2400 Aviation Drive.
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DFW International Airport Board Concessions/Commercial Development Committee: 1:20 p.m. June 27, 2017; Board Room - DFW Airport Headquarters Building, 2400 Aviation Drive.
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Tax Increment Reinvestment Zone Numbe 3 Construction Tour: 1:30 p.m. June 27, 2017; Frost Tower, 640 Taylor Street.
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Canceled City Council Work Session: 3 p.m. June 27, 2017; City Council Conference Room 290, 2nd Floor, City Hall, 200 Texas Street.

Special Called City Council Meeting: 3 p.m. June 27, 2017; City Hall, 2nd floor, City Council Conference Room 290, 200 Texas Street.
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Bluebonnet Circle Infrastructure Improvements Project Meeting: 6:30 p.m. June 27, 2017; Trinity Episcopal Church, 3401 Bellaire Drive South.

Canceled City Council Meeting: 7 p.m. June 27, 2017; CIty Council Chamber, 2nd Floor, City Hall, 200 Texas Street.

City Plan Commission - Work Session: noon June 28, 2017; City Council Conference Room 290, CIty Hall, 200 Texas Street.
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City Plan Commission - Public Hearing: 1:30 p.m. June 28, 2017; City Council Chamber, City Hall, 200 Texas Street.
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Park and Recreation Advisory Board : 4 p.m. June 28, 2017; Deborah Beggs Moncrief Garden Center, Fort Worth Botanic Garden, 3220 Botanic Garden Blvd.
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Alliance Community Park Master Plan Project Meeting: 6 p.m. June 28, 2017; Northwest High School - Student Union, 2301 Texan Drive, Justin.

DFW International Airport Board of Directors: 8:30 a.m. June 29, 2017; Board Room - DFW Airport Headquarters Building, 2400 Aviation Drive.
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Foster Park Drainage & Erosion Control Project Meeting: 6 p.m. June 29, 2017; Southwest Regional Library, 4100 Library Lane.

View the full city calendar.