EDP board discusses routing expiring incentives into Catalyst Fund; asks for options and annual review

The Economic Development Partnership (EDP) board discussed a proposal to redirect expiring economic development incentives into Denton City's Catalyst Fund during its April meeting, with staff asking the board to recommend whether expiring sales‑tax and ad valorem incentive revenue should be reallocated to the fund instead of returning to the general fund.

EDP staff said the proposal was developed from a two‑minute pitch by Council Member Jill Jester and asks the city to consider redirecting portions of expiring Chapter 380 and sales‑tax incentive agreements into the Catalyst Fund to build a cash reserve for future economic development grants and competitive cash incentives.

Jamie Adams, presenting the EDP analysis, said the forecasted potential from existing incentive agreements was roughly $8.9 million over a 10‑year horizon: about $6.9 million tied to Chapter 380 and sales/mixed beverage incentives and about $1.9 million from tax abatements. "If we're able to meet $9,000,000 over the course of two years, that would be ideal," Adams said, adding that the estimate depends on the…