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San Antonio staff outline updated SAEDC investment guidelines, plan property acquisitions in 2025
Summary
City staff presented updated investment guidelines for the San Antonio Economic Development Corporation and outlined a 2025–26 plan to identify properties, perform due diligence and seek developers.
City staff on the San Antonio Economic & Community Development committee presented updated investment guidelines for the San Antonio Economic Development Corporation (SAEDC) and described how the corporation will be used as a flexible financing tool for revitalization projects.
Thomas Davis, Community Revitalization Administrator in the Department of Economic Development, told the committee that the SAEDC is a Type B nonprofit corporation created in 2010 to “promote, assist and amplify economic development activity,” that the mayor serves as its board chair and that the board includes council members and three general members. He said the SAEDC has made a total of 12 investments and currently has four active agreements, and that in 2023 it amended its bylaws to allow real-estate projects.
Davis said one priority for the SAEDC has been a military medical innovation initiative that…
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