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OED reports on incentives, target-area investment and new small-business tools
Summary
The Office of Economic Development told the Workforce Education and Equity Committee the city attracted roughly 95.7% of documented private investment to policy-defined target areas through fiscal 2024, outlined an Infrastructure Investment Fund and described new small-business incentive tools created in the 2023 economic development policy.
The City of Dallas Office of Economic Development (OED) updated the Workforce Education and Equity Committee on March 4 about progress measures intended to close disparities in private investment, job creation and affordable-housing commitments in historically disadvantaged areas.
OED reported that, through the end of fiscal 2024, 95.7% of documented private investment tracked by the office was attracted to target areas defined in the city's 2023 economic development policy. The policy, adopted by council in January 2023, embeds equity criteria and target areas (many in South Dallas) and institutionalized living-wage requirements and new tools…
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