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EDP board reviews updates to 2020 economic development strategic plan, catalyst fund status
Summary
City staff summarized updates to Denton’s 2020 economic development strategic plan, described completed tasks and programs, and reported the catalyst fund balance of $4.3 million (authorized $7.3 million). No action was required; the item was for information only.
The Economic Development Partnership Board on Feb. 2 received an information briefing on updates to the city’s 2020 economic development strategic plan and on progress implementing recommended incentive tools.
City economic development staff said the plan, prepared with TIP Strategies, rests on five guiding principles — resiliency, future focus, inclusive growth, entrepreneurial spirit and cultural vitality — and three goals: accelerate recovery, foster growth and strengthen community inclusion. Erica Sullivan, economic development program administrator, described the plan’s core goals and the stakeholder process used in 2020, including workshops, industry roundtables and interviews with local leaders.
Matilda Weeden, economic development specialist, summarized progress…
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