[00:00:01]
[A. Meeting Opening]
WE WILL CALL TO ORDER THE ECONOMIC DEVELOPMENT CORPORATION BOARD OF THE CITY OF SACHSE FOR OUR REGULAR MEETING ON TUESDAY, OCTOBER 21ST.IT IS OFFICIALLY 6:01 PM AND WE'LL START, IF YOU'LL ALL PLEASE RISE AND JOIN ME OF THE INVOCATION AND THE PLEDGE OF ALLEGIANCE, I'LL LEAD US.
PLEASE BOW YOUR HEADS. OUR DEAR FATHER IN HEAVEN, WE ARE GRATEFUL THE OPPORTUNITY TO MEET THIS EVENING AND GRATEFUL FOR THE WONDERFUL CITY THAT WE LIVE IN.
PLEASE BLESS US AS WE MEET THAT WE WILL BE ABLE TO FIND WAYS AND TO DELIBERATE AND THINGS THAT CAN HELP THE CITY OF SACHSE GROW.
PLEASE BLESS OUR CITY STAFF, OUR FIRST RESPONDERS, AND THE CITIZENS HERE IN THE CITY.
PLEASE HELP US WITH PROSPERITY AND ALL THAT WE DO AND THAT WE CAN HELP TO GROW THE COMMUNITY TO BE ONE WHERE WE WANT TO LIVE AND RAISE FAMILIES AND GROW BUSINESSES.
WE'RE FOR THE OPPORTUNITIES WE HAVE TO SERVE AND FOR THE TIME THAT EACH MEMBER OF THIS BOARD TAKES TO GIVE OF THEIR EXPERTISE AND KNOWLEDGE, AND PLEASE HELP BE MINDFUL OF OUR NEIGHBORS AND PLEASE BLESS OUR COUNTRY THAT WE LIVE IN.
WE SAY THESE THINGS IN JESUS NAME, AMEN.
>> THE FLAG OF THE UNITED STATES OF AMERICA, AND TO THE REPUBLIC FOR WHICH IT STANDS, ONE NATION UNDER GOD, INDIVISIBLE WITH LIBERTY AND JUSTICE FOR ALL.
>> I PLEDGE ALLEGIANCE TO THE TEXAS, ONE STATE UNDER GOD, ONE INDIVISIBLE.
>> WE'LL MOVE ON TO ITEM B PUBLIC COMMENT.
THE PUBLIC IS INVITED TO ADDRESS THE BOARD REGARDING ANY TOPIC, NOT ALREADY ON THE AGENDA FOR ACTION OR PUBLIC HEARING.
COMMENTS REGARDING THE CONSENT AGENDA OR ANY DISCUSSION ONLY ITEMS ON THE AGENDA MAY BE ADDRESSED DURING THIS PUBLIC COMMENT SECTION.
TIME LIMIT IS THREE MINUTES PER SPEAKER.
PUBLIC COMMENT CARD SHOULD BE PRESENTED TO THE ACTING SECRETARY PRIOR TO THE MEETING.
ACCORDING TO THE TEXAS MEETINGS ACT, THE BOARD IS PROHIBITED FROM DISCUSSING ANY ITEM NOT POSTED ON THE AGENDA, BUT WILL TAKE COMMENTS UNDER ADVISEMENT.
I DO HAVE ONE PUBLIC COMMENT CARD FROM MR. MARTY HOBOK WOULD YOU LIKE TO COME UP? NO. GOOD. THANK YOU VERY MUCH.
WE'LL ON TO ITEM C, OUR CONSENT AGENDA.
[C. Consent Agenda]
CONSENT AGENDA ITEMS ARE ROUTINE OR ADMINISTRATIVE IN NATURE, HAVE BEEN DISCUSSED PREVIOUSLY AT A BOARD MEETING AND OR DO NOT WARRANT DISCUSSION.THE BOARD WILL ACT UPON THESE ITEMS WITH ONE MOTION.
THERE'LL BE NO SEPARATE DISCUSSION OF THESE ITEMS UNLESS A BOARD MEMBER REQUESTS THE ITEM BE REMOVED FROM THE CONSENT AGENDA.
IF YOU HAVE COMMENTS RELATED TO THE ITEMS ON THE CONSENT AGENDA, PLEASE ADDRESS THEM IN PUBLIC COMMENT SECTION OF THE MEETING.
ITEM C1 IS APPROVED OF AUGUST 14TH, 2025 MEETING MINUTES.
ITEM 2 ACCEPT THE MONTHLY REVENUE EXPENDITURE REPORT FOR THE PERIOD ENDING JULY 31ST, 2025.
ITEM 3, ACCEPT THE QUARTER INVESTOR REPORT FOR THE QUARTER ENDING JUNE 30TH, 2025, AND ITEM 4, ACCEPT THE MONTHLY REVENUE AND EXPENDITURE REPORT FOR THE PERIOD ENDING AUGUST 31ST, 2025.
WE'LL ENTERTAIN MOTIONS ON THE CONSENT AGENDA.
>> I'LL MAKE A MOTION TO ACCEPT THE CONSENT AGENDA.
>> I HAVE A MOTION. DO I HAVE A SECOND?
A MOTION TO ACCEPT IT AS IS AND A SECOND.
ANY OTHER COMMENTS OR QUESTIONS? THEN DENISE ALLOWED TO CAST YOUR VOTE? IT DOESN'T SHOW UP THERE. THAT DID PASS UNANIMOUSLY FOUR.
WHICH SCREEN AM I LOOKING AT? IT'S NOT HERE BECAUSE OF THE ZOOM STUFF.
[1. Receive an update and discuss the ongoing development of the Sachse Economic Development Strategic Plan.]
THESE ITEMS FOR BOARD AND STAFF TO DISCUSS AS NEEDED.AGAIN, COMMENTS AND DISCUSSION ITEMS SHOULD BE ADDRESSED IN PUBLIC COMMENTS SECTION.
ITEM D1 IS RECEIVE AN UPDATE AND DISCUSS THE ONGOING DEVELOPMENT OF THE SACHSE ECONOMIC DEVELOPMENT STRATEGIC PLAN.
GERARD I'LL TURN THE TIME TO YOU BECAUSE I KNOW WE'VE GOT GUESTS WITH US HERE THAT WE'RE LOOKING FORWARD TO HEARING FROM.
>> YES, MR. PRESIDENT, THANK YOU TO THE BOARD FOR BEING HERE THIS EVENING.
I'LL HAVE A VERY SHORT, JUST A COUPLE OF INTRODUCTION SLIDES, AND THEN I WILL BE TURNING IT OVER TO OUR CONSULTANTS WHO CAN SEE US THIS EVENING.
WE'RE VERY EXCITED ABOUT THAT.
>> [LAUGHTER] THIS PRESENTATION THIS EVENING, BASICALLY, LIKE I SAID, I'LL GIVE A QUICK UPDATE.
CIVICSOL WILL TAKE IT FROM THERE, AND THEN WE'LL HAVE SOME GOOD DISCUSSION.
AGAIN, WE'RE STILL IN THE PLAN DEVELOPMENT PHASE,
[00:05:02]
OBVIOUSLY HAD THE PLAN KICKOFF.WHAT WE'D BE SEEKING IS AFTER WE GET TO A PLACE THAT WE FEEL THAT WE'RE READY FOR RECOMMENDATION OF APPROVAL BY THE BOARD, THAT WOULD BE THE NEXT ACTION.
THEN THE FINAL STRATEGIC PLAN, OF COURSE, WOULD GO TO THE CITY COUNCIL FOR THEIR FINAL ACTION.
WE'RE TRENDING TOWARDS END OF CALENDAR 2025, BEGINNING OF CALENDAR 2026.
>> LAYING THE GROUNDWORK, MAPPING SACHSE'S ECONOMY, SHAPING SACHSE'S FUTURE.
THESE ARE THE THREE PRIMARY ELEMENTS THAT WE'VE BEEN TACKLING THE STAKEHOLDER ENGAGEMENTS, LAND USE ASSESSMENTS, WHICH WE'LL BE GETTING MUCH MORE INTO THE LAND USE PIECE AND SOME MORE DATA THIS EVENING.
JUST A QUICK UPDATE SINCE OUR PREVIOUS MEETING, I SAY WE, THE CONSULTANTS HAVE HAD A NUMBER OF ONE ON ONE INTERVIEWS WITH IDENTIFIED STAKEHOLDERS.
I THINK THOSE HAVE BEEN VERY PRODUCTIVE DISCUSSIONS.
WE'VE WORKED WITH THE CONSULTANTS TO PUT TOGETHER OUR ECONOMIC DEVELOPMENT ORGANIZATION COMPARATOR LIST, SO THE CITIES THAT WE WOULD LIKE TO TAKE A LOOK AT HOW THEY'RE DOING TO DETERMINE BEST PRACTICES.
CONSULTANTS AND STAFF HAVE MET IN PERSON TO DEBRIEF ON SOME OF THE ITEMS, AND THEN THE CONSULTANTS, WHICH THEY'LL BE GETTING INTO THIS EVENING, BUT THE CLUSTER SECTOR ANALYSIS AND THE LAND USE AND URBAN DESIGN ASSESSMENT.
WITH THAT, I WILL TURN IT OVER TO THE TEAM, LAURA STEVEN AND NICK ARE HERE FROM CIVICSOL THIS EVENING.
>> WELCOME. THANK YOU GUYS VERY MUCH, AND THANK YOU REALLY TO EVERYBODY FOR BEING ABLE TO ADJUST THEIR SCHEDULES.
IT'S MY FAULT THAT WE'RE HERE ON A TUESDAY NIGHT INSTEAD OF LAST THURSDAY, SO THANK YOU GUYS VERY MUCH.
>> CAN EVERYBODY SEE THE SCREEN OKAY?
>> STEVEN, YOU WANT TO GO AHEAD?
>> YOU WANT TO PUT IT IN SLIDE SHOW FORMAT.
>> I'M HAPPY TO DO THAT. YEAH.
IT'S GOOD TO BE WITH YOU GUYS, LOOKING FORWARD TO TALKING A LITTLE BIT ABOUT THE WORK THAT WE'VE DONE THUS FAR.
THERE ARE A FEW PIECES OF THE WORK THAT WE'LL TALK ABOUT TONIGHT IN TERMS OF AN AGENDA.
FIRST, LAURA AND I WILL TAG TEAM AND HAVE AN OPPORTUNITY TO SHARE WITH YOU GUYS THE WORK THAT WE'VE DONE ON THE STRATEGIC PLAN, PARTICULARLY THE WORK THAT WE'VE DONE AROUND THE ECONOMIC DEVELOPMENT, ECONOMIC CLUSTER WORK.
THEN AS WE ARE DOING THAT PART OF THE CONVERSATION, AND BY THE WAY, YOU COULD NOW SEE LAURA'S SCREEN, WHICH HAS GOT, LIKE 1,000.
>> SOMEBODY NEEDS SOME DESKTOP CLEANING.
WOW. WE WILL THEN DO A LOOK AT WHAT ANIKS BEEN WORKING WITH US ON, WHICH IS THE LAND USE AND URBAN DESIGN ASSESSMENT.
WE'VE GOT TWO PARTS OF TONIGHT'S CONVERSATION.
I WOULD SAY THAT THEY'RE INTERTWINED, FOR SURE.
YOU'LL SEE SOME CONNECTIONS BETWEEN THOSE, BUT THOSE ARE THE TWO PIECES OF THE AGENDA THAT WE WANT TO TALK ABOUT AND WORK WITH YOU GUYS TO SHARE THAT INFORMATION WITH ON TONIGHT.
AS PART OF THAT CONVERSATION, ONE OF THE THINGS THAT WE'LL ENCOURAGE YOU TO DO IS RATHER THAN WAITING TO THE VERY END TO ASK QUESTIONS.
LET'S TREAT THIS AS AN OPPORTUNITY TO REALLY ENGAGE IN CONVERSATION.
IF YOU'VE GOT COMMENTS OR QUESTIONS FOR US AS WE GO THROUGHOUT THE DAY, WE'D ASK YOU YOU JUST CALL FOR US TO PAUSE AND TO ANSWER THOSE QUESTIONS.
WITH THAT, IF THERE ARE NO QUESTIONS, WE'RE HAPPY TO JUMP IN AND GET GOING ON THIS.
>> LET'S JUMP IN, AND WE'LL INTERRUPT AS WE GO ALONG.
>> I APPRECIATE THAT. THANK YOU.
I THINK ONE OF THE THINGS AS YOU ALL KNOW, AND I THINK THE REASON THAT WE'VE BEEN HERE, YOU GUYS YOU'VE DONE THE COMPREHENSIVE PLANNING WORK, THE WORK THAT YOU'VE DONE THAT WE'RE DOING WITH YOU ALL ON THE ECONOMIC DEVELOPMENT PLAN IS THIS ACT IS REALLY AN INTERESTING MOMENT IN TIME.
IT'S AN OPPORTUNITY TO REALLY DEFINE WHAT THE NEXT YEARS OR DECADE OF GROWTH WILL LOOK LIKE IN THE CITY AND HOW WE WANT TO HAVE AN OPTION OF HAVING A POINT OF VIEW AROUND THAT GROWTH.
WE FRAMED THIS FOR THE IDEA THAT SACHSE IS REALLY A DEFINING MOMENT.
I THINK THE THINGS THAT WE HAVE LEARNED, AND YOU'LL SEE AS WE GO THROUGH THE PRESENTATION IS THAT, AS YOU ALL MAY REMEMBER WHEN WE DID OUR BENCH-MARKING WORK, WE ARE A VERY FAST GROWING COMMUNITY, WE'RE A DIVERSE COMMUNITY, WE HAVE HIGH HOUSEHOLD INCOMES AND REALLY STRONG EDUCATIONAL TAINMENT.
WE'VE BECOME A HUB FOR BEING A COMMUNITY WHERE IT'S A GREAT PLACE TO RAISE A FAMILY.
BUT ON THE FLIP SIDE OF THAT, WE KNOW THAT OUR ECONOMY IS A BIT SMALL.
YOU'LL SEE AS WE GO THROUGH THIS WORK AROUND THE CLUSTER ANALYTICS, THAT YOU'LL SEE THAT WE'RE UNDERWEIGHTED IN SOME OF OUR EXPORT BASED SECTORS, AND OUR COMMUNITY IS HIGHLY DEPENDENT ON LOCAL SPENDING, MEANING THE THINGS THAT WE DO, MONEY THAT WE CIRCULATE IN ECONOMY ON RESTAURANTS AND FOOD SERVICE OR HOSPITALITY,
[00:10:02]
OR THOSE TYPES OF THINGS.WHAT'S REALLY THE OPPORTUNITY THAT WE HAVE TO REALLY THINK ABOUT THE FUTURE IS TO ALIGN ALL OF THE ASSETS THAT THE CITY HAS TO THINK ABOUT HOW WE ARE POSITIONED TO TAKE OUR PIECE OF GROWTH, SO TO SPEAK, THAT YOU SEE THAT'S HAPPENING IN THE METROPLEX.
YOU'RE REALLY GOING TO SEE US LEADING INTO THE IDEA OF TALKING ABOUT LANDING, SOME OF THE LAND USE WORK.
THE INFRASTRUCTURE INVESTMENTS THAT YOU'VE MADE TO REALLY PUSH US TO THIS IDEA OF TRYING TO THINK ABOUT WHAT IS THE FUTURE THAT HOLDS FOR SACHSE THAT'S REALLY CENTERED ON MORE HIGH VALUE GROWTH.
I KNOW WHEN WE HAD SOME OF OUR 101 WITH EACH OF ALL WHEN WE WERE IN SACHSE, THIS CONVERSATION ABOUT HOW WE GROW THE EXPORT BASED ECONOMY OR THE TRADE BASED SECTOR ECONOMY IS IMPORTANT, AND IT'S SOMETHING THAT WE WANT TO THINK ABOUT.
I DO WANT TO SAY THAT SOME OF THE THINGS THAT WE'VE HEARD WITH SOME OF THE STAKEHOLDER ENGAGEMENT WAS, IS THERE ADVANTAGE TO DOING NOTHING? CAN WE JUST CONTINUE IN STATUS QUO? I THINK OUR TEAM HAS A REAL POINT OF VIEW THAT DOING NOTHING IS A DECISION IN ITSELF, MEANING THAT IT IS A DECISION THAT WOULD POTENTIALLY BE HINDERANCE TO THE OPPORTUNITY TO REALLY SUPPORT THE TYPE OF GROWTH AND THE TYPE OF COMMUNITY THAT WE WANT TO BE.
GROWTH IS HAPPENING IN THE METROPLEX, AS YOU ALL KNOW AND SO BY HAVING THIS ECONOMIC DEVELOPMENT STRATEGY AND DOING THE WORK THAT WE'RE DOING, WE HAVE A REAL OPPORTUNITY TO HAVE A REAL CLEAR POINT OF VIEW ABOUT WHAT WE WANT SACHSE TO BE THE TYPE OF GROWTH THAT WE WANT TO CREATE IN OUR COMMUNITY GOING FORWARD.
WITH THAT, THAT'S A FRAME FOR HOW WE'LL THINK ABOUT THE WORK.
I'LL TURN IT TO LAURA TO TALK A LITTLE BIT ABOUT SOME OF THE CHALLENGES THAT WE'VE IDENTIFIED THROUGH THE CLUSTER ANALYTIC WORK.
>> GREAT. LET'S DIG IN A LITTLE BIT MORE TO THIS IDEA OF SACHSE AT A CROSSROADS.
WE HEARD THIS, BY THE WAY, REFLECTED BY MANY OF YOU.
STEVEN AND I ALSO CONDUCTED A WHOLE HOST OF101 INTERVIEWS AND GOT VERSIONS OF THIS SAME THEME WITHOUT THE SPECIFICS, BUT PEOPLE HAVE A STRONG SENSE OF THE FACT THAT IF WE DON'T DO SOMETHING, WE'RE AT RISK OF WHAT USED TO WORK FOR US, NOT ONLY NOT WORKING ANYMORE, BUT NOT SERVING US AT ALL.
STEVEN MENTIONED THIS. HERE THE THING, AND WE'RE GOING TO DON'T FEEL NEGATIVE BECAUSE THE NEXT SLIDE IS ASSETS.
THIS IS WHAT WE NEED TO PAY ATTENTION TO AND WHAT COULD UNDERMINE ALL OF YOUR GOALS.
GRP IS JUST 1.1 BILLION, WHICH IS LAGGING BEHIND YOUR PEER SUBURBS AND JOB GROWTH, PRODUCTIVITY, AND CREATIVE CLASS EMPLOYMENT.
AS STEVEN MENTIONED, YOU'VE GOT AN OVER-RELIANCE ON LOCAL SERVICES.
ONLY ONE IN 10 SACHSE JOBS ARE IN WHAT WE CALL TRADED OR EXPORT SECTORS COMPARED TO ONE IN FIVE JOBS REGIONALLY.
BY THE WAY, IN A FEW MINUTES, WE'RE GOING TO WALK YOU THROUGH SOME OF THE DATA SLIDES THAT UNDERPIN THIS.
>> WHAT IS A TRADED EXPORT SECTOR, PLEASE? HELP ME, MAKE SURE I KNOW WHAT WE'RE TALKING HERE.
>> WE'LL TALK TO YOU. WE'LL DIG INTO THIS A LITTLE BIT MORE, BUT IN GENERAL, THINK ABOUT A LOCAL SECTOR IS THINK ABOUT THAT AS RETAIL RESTAURANTS, SERVICE INDUSTRY, WHEN STEVEN TALKED ABOUT DOLLARS THAT ARE CIRCULATING WITHIN YOUR ECONOMY, THOSE ARE THOSE BUSINESSES THAT SERVE THE LOCAL POPULATION, DRY CLEANERS, RESTAURANTS, THINGS LIKE THAT.
A TRADED OR EXPORT SECTOR IS SOMETHING MORE LIKE A LIFE SCIENCES BUSINESS OR A MANUFACTURING BUSINESS.
THE REASON THOSE TRADED SECTORS ARE SO ATTRACTIVE IN AN ECONOMIC DEVELOPMENT PARADIGM IS BECAUSE EACH JOB THAT IS CREATED WE'LL CREATE AN ADDITIONAL TWO TO FIVE JOBS.
WE'VE ACTUALLY GOT A CHART THAT WILL SHOW YOU THAT BY SECTOR HERE IN A MINUTE.
THERE IS A MULTIPLIER EFFECT THAT IS IN PLACE FOR TRADED AND EXPORT SECTORS THAT IS NOT IN PLACE FOR LOCAL SECTORS, AND WHEN YOU BUILD OUT THOSE TRADED SECTOR ECONOMIC DEVELOPMENT STRATEGIES, YOU WILL, BY DEFINITION, GET MORE OF THOSE LOCALLY SERVING BUSINESSES.
BUT EVERY SINGLE LAND USE DECISION THAT YOU MAKE IS GOING TO NEED TO BE STRATEGIC AND INTENTIONAL BECAUSE THERE'S LITTLE UNDEVELOPED LAND.
YOU WILL BE COMING INTO SOME REDEVELOPMENT OPPORTUNITIES.
WE'VE GOT SOME SLIDES LATER ON IN THIS PRESENTATION, WHERE NICK WILL WALK YOU THROUGH WAYS TO THINK ABOUT THAT TO CAPTURE THE TYPE OF ECONOMIC DEVELOPMENT GROWTH YOU'RE LOOKING FOR.
TALENT IMBALANCE. YOU'VE GOT A REALLY EDUCATED BUT AGING POPULATION.
THIS SHOULD COME AS NO SURPRISE TO YOU, ESPECIALLY THOSE OF YOU THAT GREW UP IN SACHSE.
IT WAS A VERY POPULAR PLACE FOR FAMILIES TO COME, GROW THEIR FAMILIES, AND THAT POPULATION IS NOW AGING.
THAT MAKES IT A LITTLE BIT OF A CHALLENGE TO GET THE NEXT ROUND OF YOUNG PROFESSIONALS INTO SACHSE AND WE WANT TO THINK HARD ABOUT HOW CAN WE GET THESE YOUNGER WORKING AGE POPULATION, YOUNG FAMILIES COMING TO SACHSE FOR THE QUALITY OF LIFE, THE JOBS,
[00:15:03]
ALL THAT YOU HAVE TO OFFER SO THAT YOU CAN REGENERATE THAT TALENT, AND THEN HOUSING STRESS, AND THAT'LL BE THE THING WE HAVE TO DIG INTO IN ORDER TO GET THAT, WHICH IS HOME VALUES AND RENTS OUTPACE AFFORDABILITY FOR MANY, ESPECIALLY RENTERS.WE'LL SHOW YOU SOME DETAILED SLIDES ON THAT AS WELL.
>> THOSE TWO WORK HAND IN HAND, HOUSING TALENT BALANCE BECAUSE YOU'RE WORKING AGAINST YOURSELF. THAT'S HARD.
>> EXACTLY. ONCE WE START TO BUILD THE JOB BASE WITH TRADED.
A LOT OF YOUR PEOPLE ARE DRIVING TO DALLAS, YOU KNOW THIS FOR THEIR JOBS.
ONCE WE START TO BUILD A ROBUST LOCAL ECONOMY, THINK OF IT AS YOUR FAIR SHARE OF THE DALLAS METROPLEX ECONOMY.
WE'VE GOT SOME IDEAS ABOUT WHAT WE THINK WHICH PIECE OF THAT PIE WOULD BE IDEAL FOR YOU ALL.
ONCE YOU GET THE JOBS AND YOU GET THE PEOPLE AND THE HOUSING, ALL OF THAT GOES HAND IN HAND.
HERE'S THE OTHER PART OF THE STORY.
YOU GOT A TON OF ASSETS TO BUILD ON.
YOU ARE AN EDUCATED AND AFFLUENT POPULATION, NEARLY HALF OF THE ADULTS IN SACHSE HOLD A BACHELOR'S DEGREE.
MEDIAN HOUSEHOLD INCOMES ARE 50% ABOVE THE DFW AVERAGE.
THIS NEXT THEME WAS REPEATED OVER AND OVER AGAIN.
IF PEOPLE REALLY LOVE THE LIFESTYLE AND THE FAMILY ORIENTED COMMUNITY THAT SACHSE OFFERS.
YOU'VE GOT LARGE HOUSEHOLDS, YOU'VE GOT HIGH HOME OWNERSHIP.
WE SPOKE WITH BOTH OF YOUR SCHOOL DISTRICTS.
THERE'S A LOT OF GOOD STUFF GOING ON THERE AND YOU HAVE A GREAT REPUTATION.
THAT IS A WONDERFUL ASSET TO BUILD ON.
NOT ALL SMALLER COMMUNITIES HAVE THAT PARTICULAR ASSET TO BUILD ON.
YOU HAVE A 54% BIPOC POPULATION WITH A HIGH FOREIGN BORN AND VETERAN POPULATION WITHIN THAT.
WHICH MEANS THERE'S A STRONG FOUNDATION FOR AN INCLUSIVE GROWTH NARRATIVE.
THIS IS IMPORTANT IN YOUR ECONOMIC DEVELOPMENT RECRUITMENT STRATEGY.
STEVEN LIKES TO TALK ABOUT THE FACT THAT COMPANIES ARE LOOKING FOR THOSE DIVERSE POPULATIONS AS THEY HAVE LOTS AND LOTS OF CHOICES ABOUT WHERE THEY PUT THEIR NEXT BRANCH OR THEIR NEXT HEADQUARTERS OR THEIR NEXT MANUFACTURING FACILITY.
YOU'VE GOT A REGIONAL ADVANTAGE.
I THINK THIS GOES WITHOUT SAYING.
YOU'RE APPROXIMATE TO TWO OF THE FASTEST GROWING ECONOMIES IN THE UNITED STATES, WITH DALLAS AND COLLIN COUNTIES, STRONG SPECIALIZATION IN TRADED SECTORS.
IT IS A BIG, DIVERSE, WELL BUILT OUT ECONOMY.
>> REMOTE WORK HUB. THIS IS INTERESTING.
A QUARTER OF YOUR RESIDENTS ARE WORKING REMOTELY, SUGGESTING AN OPPORTUNITY TO ATTRACT KNOWLEDGE WORKERS AND ENTREPRENEURS, AND WE'LL DIG INTO THAT ENTREPRENEURIAL OPPORTUNITY AS WE MOVE THROUGH THIS WORK.
THE TAKEAWAY, YOU'RE NOT SHORT ON STRINGS.
HOWEVER, WITHOUT ACTION, AND THIS IS REPEATING A THEME THAT WE TALKED ABOUT ALREADY, YOU'LL MISS YOUR OPPORTUNITY FOR THAT NEXT GENERATION OF ECONOMIC DEVELOPMENT AND GROWTH.
THE CITY'S, YOUR DEMOGRAPHY, YOUR QUALITY OF LIFE.
THEY'RE NOT QUITE TRANSLATING YET INTO A COMPETITIVE ECONOMY THAT IS REALLY UNDERPINNED WITH REALLY STRATEGIC SECTORS THAT ARE TRADED.
IN ORDER TO BUILD ON ALL OF YOUR STRENGTHS AND ENSURE THAT YOU'RE ON THE UPWARD TRAJECTORY, THERE'S WORK TO DO, AND WE'RE GOING TO TALK ABOUT THAT.
THE WAY WE'VE STRUCTURED THIS IS WE LIKE TO TALK ABOUT BIG BETS, AND SO WE'LL GO THROUGH THESE ONE BY ONE AND THE WAY THAT WE'LL STRUCTURE THIS PART OF THE STOP US ANYTIME, BY THE WAY.
THE WAY THAT WE'LL STRUCTURE THIS IS WE'LL TALK ABOUT WHAT THE BET IS.
THIS FIRST ONE IS BUILD A TRADED SECTOR GROWTH STRATEGY.
WE TALKED A LITTLE BIT ABOUT WHAT THAT MEANS.
WHY IT MATTERS. HERE'S THE DATA BEHIND THE QUESTION THAT YOU ASKED EARLIER.
REGIONALLY TRADED SECTORS ACCOUNT FOR ONE IN FIVE JOBS, BUT ONLY ONE IN TEN LOCALLY, WITHOUT RE-BALANCING TO REFLECT MORE OF THE REGIONAL BALANCE, YOUR ECONOMY IS GOING TO REMAIN A LITTLE BIT UNDERSIZED AND VULNERABLE.
WHAT DO WE DO ABOUT THAT? WE ALIGN YOUR REDEVELOPMENT SITES, AS WELL AS YOUR INCENTIVES TO ATTRACT EXPORT ORIENTED FIRMS IN FINANCE, SOFTWARE, A$E, AND MEDTECH.
THESE ARE THE PIECES OF THE METROPOLITAN ECONOMY THAT WE THINK YOU HAVE THE BEST SHOT AT AND THAT YOU HAVE THE NUTS AND BOLTS FOR.
BY THE WAY, A LOT THERE'S A LOT OF SUPPORT FOR A CORRIDOR STRATEGY.
THAT'S EXTREMELY INTUITIVE FOR A LOT OF PEOPLE BECAUSE IT TIES LAND USE TO YOUR TRADED SECTOR RECRUITMENT.
THEN FROM AN ECONOMIC DEVELOPMENT PERSPECTIVE, TARGET FIRMS THAT STRENGTHEN REGIONAL SUPPLY CHAINS, CAPTURING LOCAL DEMAND THAT IS NOW LEAKING OUTSIDE.
I'LL JUST ADD ONE ANECDOTE FROM OUR INTERVIEWS THAT WE CONDUCTED WITH LEADERS ALL OVER THE METROPLEX.
THAT IS, YOU'VE DONE SOMETHING PRETTY REMARKABLE IN THIS BIG,
[00:20:01]
ROBUST ECONOMY, AND THAT IS YOU PUT YOURSELVES ON THE MAP.AS WE TALK TO THE REGIONAL ECONOMIC DEVELOPERS AND CHAMBERS AND ETC.
ONE OF THE THINGS THAT WAS NOTED OVER AND OVER AGAIN IS THAT YOUR MAYOR AND YOUR CITY MANAGER HAVE DONE AN OUTSTANDING JOB OF SHOWING UP AND ENGAGING IN THESE REGIONAL CONVERSATIONS.
I THINK THE SENSE THAT WE GOT FROM THIS IS ONCE YOU CLEARLY ARTICULATE WHAT YOU WANT TO DO IN TERMS OF ECONOMIC DEVELOPMENT, YOU GOT PEOPLE PAYING ATTENTION TO YOU.
A BIG ECONOMY WITH LOTS AND LOTS OF COMMUNITIES SURROUNDING THE CITY OF DALLAS, THAT'S A BIG DEAL. IT'S A REALLY BIG DEAL.
>> BEFORE YOU GO TO NUMBER TWO.
THE QUESTION I'M GOING TO ASK YOU MAY ANSWER AS WE GO ALONG.
WHAT I SEE WHAT THAT BIG BET SAYS, A DECISION WE MAY NEED TO MAKE IS, TO SOME PATIENCE IS A VIRTUE, WE MAY NEED TO PASS ON SOME OF THE LOCAL BUSINESSES, EVEN THOUGH IT'S AN EASY OPPORTUNITY TO HAVE A LOCAL TRADE THAT'S NOT LIKE MANUFACTURING, WHETHER IT BE RETAIL RESTAURANT OR SOMETHING, AND RECOGNIZE THAT WE MAY LOSE OUT ON SOME NEAR TERM REVENUE IN HOPES THAT IT'S GOING TO WORK OUT BETTER BECAUSE WE CAN GET FINANCE SOFTWARE, A$E, MEDTECH THINGS, BUT IS THERE A WAY TO MEASURE THE OPPORTUNITY TO COST A TIME VALUE OF MONEY BY WAITING? BECAUSE IT'S A WHOLE LOT EASIER TO SAY, HEY, I'M GOING TO PUT IN A SPECS OR A RESTAURANT OR SOMETHING BECAUSE THOSE COME, BUT THOSE SERVICE JUST THE LOCAL ECONOMY.
ARE YOU GUYS ABLE TO MEASURE TO SAY, HEY, WAIT, PASS ON THOSE TYPES OF OPPORTUNITIES BECAUSE HERE IS WHERE YOUR REAL OPPORTUNITY IS DEVELOPING A QUARTER.
>> THAT'S A GREAT QUESTION. LAURA DO YOU WANT ME TO TAKE THAT QUESTION.
>> THAT'S A REALLY GREAT QUESTION.
ONE OF THE THINGS THAT WE'RE SAYING IS THAT WE'RE NOT SAYING THAT YOU SHOULD NOT THINK ABOUT YOUR DEST.
WHEN I THINK ABOUT RETAIL SERVICES, I THINK ABOUT THAT AS A QUALITY OF PLACE DESTINATION DEVELOPMENT TYPE TYPE OF APPROACH.
THE GREAT THING FOR YOU IS THAT IT'S OBVIOUSLY DEVELOPING SOME SALES TAX, WHICH IS IMPORTANT FOR US AS A FUNDING MECHANISM IN THE WAY IN TEXAS.
I THINK WHAT WE'RE SUGGESTING IS NOT THAT YOU CAN'T DO BOTH, NOT THAT YOU CAN'T THINK ABOUT DOING SOME OF THE CONTINUED SUPPORT AROUND RETAIL AND RESTAURANTS AND THE SUPPORT THAT YOU'RE DOING.
I THINK ONE OF THE THINGS THAT WE WANT TO ENCOURAGE YOU TO DO IS TO HAVE A TRADED SECTOR APPROACH.
RIGHT NOW, YOU DON'T HAVE A TRADED SECTOR APPROACH.
RIGHT NOW, WE ARE NOT DOING OUTSIDE OF SOME WORK AROUND MEDICAL TECHNOLOGY, AND SOME OF THE WORK THAT WE DID EARLIER, THAT ONE LIFE SCIENCES COMPANY.
THE EDC HASN'T HAD A STRATEGY IN PLACE TO THINK ABOUT HOW IT'S SUPPORTING SOFTWARE, TECHNOLOGY, INNOVATION BASED BUSINESSES.
AND ONE OF THE THINGS WE'RE SUGGESTING AS PART OF THIS PLAN IS THAT WE'VE GOT TO HAVE THAT AS PART OF OUR PORTFOLIO, AND IT'S A REALLY BIG IMPORTANT PART OF OUR PORTFOLIO, AND WE CAN'T JUST ALWAYS BE CENTERED ON THE FUN THINGS, WHICH A LOT OF TIMES ARE THE RETAIL AND THE HOSPITALITY PIECES.
IT'S NOT TO SAY THAT YOU SHOULDN'T THINK ABOUT SOME DESTINATION DEVELOPMENT STUFF.
IT IS SAYING THAT WE NEED TO INCORPORATE THIS TRADE AND SECTOR APPROACH INTO OUR OUR FOLD AND JUST LIKE YOU HAVE DONE SUPPORT FOR OTHER BUSINESS, RESTAURANTS AND HOSPITALITY BUSINESSES AND SUCH, WE MAY WANT TO HAVE THAT SAME TYPE OF SUPPORT STRUCTURE IN PLACE FOR SOME OF THE TRADED BASED SECTOR WORK THAT WE'RE DOING AS WELL.
LAURA, ANYTHING TO ADD TO THAT?
>> NO, I THINK YOU COVERED IT.
>> IT MAKES SENSE, YOU MAY BE READY TO SAY SOMETHING.
IT MEANS, AGAIN, WE DON'T IGNORE THE LOCAL, BUT WE MAY NEED TO BE CAREFUL WITH LIMITED LAND AND SO FORTH TO NOT GET TOO OVER ANXIOUS BECAUSE ITS EASY.
>> OR AS WE'RE THINKING ABOUT BIG INVESTMENTS.
LET'S TALK ABOUT FIFTH STREET, FOR INSTANCE.
YOU CAN SEE HERE, WE'RE GOING TO TALK A LITTLE BIT ABOUT FIFTH STREET. THE VISION FOR FIFTH STREET.
SHOULD FIFTH STREET ALL BE JUST ALL RETAIL AND RESTAURANTS AND THOSE TYPE.
NOT A BAD USE OF THAT SPACE IS OUR DOWNTOWN CENTER, COULD BE OUR VITALITY.
IT REALLY HELPS TO THINK ABOUT WHO WE ARE AS CREATES THINGS FOR OUR RESIDENTS TO DO, IT CAN START TO SPEAK TO OUR CHARACTER AS A COMMUNITY.
BUT AS PART OF THAT, WE MAY SAY, YOU KNOW WHAT, AS WE DO THAT DEVELOPMENT, WE THINK WE NEED TO PUT AN ENTREPRENEURIAL CENTER IN THERE.
WE NEED A LITTLE BIT OF AN INCUBATOR SPACE IN THERE.
WHY NOT THINK ABOUT HOW WE AS A CITY OR AT EDC COULD SUPPORT A CO WORKING SPACE.
THERE'S A LOT OF EDCS ACROSS IN NORTH TEXAS, FOR INSTANCE, THAT ARE DOING PUBLICLY SUBSIDIZED CO WORKING SPACES, OR IF YOU'RE WORKING WITH THE DEVELOPER, PUSH THEM TO HAVE THOSE TYPES OF MIXES.
IT'S THINKING A LITTLE BIT MORE ABOUT MIXING AND MATCHING AND NOT JUST HAVING A SOLE FOCUS.
[00:25:03]
AND AS NEW DEVELOPMENT COMES ALONG, AND THERE'S AN OPPORTUNITY FOR MIXED USE DEVELOPMENT, WE MAY WANT TO START TO DEVELOP SOME OF THAT OFFICE SPACE THAT, MAN, WE CAN REALLY FALL, AS IT RELATES TO PROFESSIONAL SERVICE FIRMS, ACCOUNTING FIRMS, TECHNOLOGY FIRMS, ET CETERA.THAT'S THE WAY TO THINK ABOUT IT.
>> STEVEN, I WAS JUST GOING TO LET YOU ALL KNOW THAT THE SCREEN SHARE ELIMINATED THE VIDEO FEED, WHICH IS WHY YOU ALL CAN'T SEE US NOW.
>> LIKE BEEN IN A RADIO SHOW, IT'S OKAY.
>> BUT ONCE WE'VE GOTTEN THROUGH THE SLIDES AND WE'RE IN THE DISCUSSION PIECE, WE CAN REMOVE THE SCREEN SHARE AND THEN YOU'LL BE ABLE TO SEE US. THANK YOU.
>> CAN I MAKE ONE OTHER POINT ABOUT THE TRADED SECTOR PIECE? THE OTHER THING ABOUT THE TRADED SECTOR PIECE IS THAT YOUR POPULATION BOOMS IN THE EVENING AND SHRINKS AND SHRINKS DURING THE DAY.
ONE OF THE THINGS THAT WE HEARD THROUGH SOME OF THE DISCUSSIONS WITH OTHER FOLKS, AND SOMETIMES IT'S HARD TO GET THAT RETAIL ATTRACTION OR EVEN THAT HOSPITALITY ATTRACTION TO COME TO SAXON, AND IT MAY GO ELSEWHERE, BECAUSE THE POPULATION HAS SUCH BOOMS THAT BOOM UPS AND DOWNS.
IF YOU'RE ABLE TO DO THIS TRADED SECTOR APPROACH, BY THE WAY, YOU WILL GET BETTER DESTINATION DEVELOPMENT EFFORTS.
YOU'LL GET BETTER THINGS LIKE RESTAURANTS, LIKE HOSPITALITY, LIKE ENTERTAINMENT, BECAUSE YOU'RE CREATING THAT DAYTIME TRAFFIC THAT DAYTIME FOCUS AS WELL.
IT'S ABOUT PLAYING ON BOTH SIDES OF THE AISLE, SO TO SPEAK BOTH SIDES TRY TO HAVE BOTH SIDES OF THE STRATEGY WHERE YOU'RE WORKING BOTH WAYS.
WE'RE USING TRADE SECTOR IN A SENSE TO DRIVE YOUR LOCAL DEVELOPMENT AND, IF YOU'RE ABLE TO GET ALL A LOT OF THIS COOL LOCAL STUFF, THEN YOU CAN GO OUT TO EMPLOYERS AND SAY, NOT ONLY DO WE HAVE POSSIBLE OFFICE SPACE FOR YOU, BUT MAY, WE'VE GOT SOME COOL DESTINATION ASETS THAT YOUR EMPLOYEES CAN HAVE ACCESS TO AS WELL.
SO YOU'VE GOT TO DO BOTH. FUNDAMENTALLY, AND YOU'RE NOT BALANCED RIGHT NOW IN YOUR PORTFOLIO, AND THAT'S WHAT THE DATA TELLS US.
>> SECOND PIECE OF THIS IS REALLY CENTERED ON THE TYPES OF FIRMS. CLEARLY, THE TAKEAWAY OUT OF, IF WE'RE GOING TO BUILD A TRADE A SECTOR APPROACH, WE WANT TO DO THAT WITH PROFESSIONAL KNOWLEDGE BASED FIRMS. YOU'RE A HIGHLY EDUCATED COMMUNITY.
SIX AND 10 OR SEVEN AND 10 RESIDENTS HAVE A COLLEGE DEGREE.
IT'S SOME CRAZY NUMBER LIKE THAT.
PROFESSIONAL SERVICES ARE GROWS THE FASTEST GROWING SECTOR.
NOT ALL OF THOSE SECTORS, BY THE WAY, WANT TO BE IN THE DOWNTOWN CBD ANYMORE.
THEY'RE LOOKING FOR A SATELLITE POST.
IF YOU THINK ABOUT THE GROWTH OF PLANO AND FRISCO AND ALL THOSE OTHER PLACES THAT HAVE DONE REALLY START TO BUILD THESE SMALLER ECONOMIES.
ALL MUCH OF THAT HAS BEEN IN THE PROFESSIONAL SERVICES.
IT'S OUR OPPORTUNITY TO FOCUS IN ON THOSE PROFESSIONAL SERVICES. HOW DO WE DO THAT? IT'S MAKING SURE THAT WE'RE THINKING ABOUT JUST AS YOU MIGHT HAVE AN INCENTIVE PLATFORM FOR HOSPITALITY BUSINESS.
MAYBE WE THINK ABOUT AN INCENTIVE PLATFORM FOR SMALL BID SIZED PROFESSIONAL SERVICES FIRMS. WE GOT TO THINK ABOUT HOW WE ARE POSITIONING SAXON AS A PROFESSIONAL HUB, LEANING INTO OUR EDUCATION, LEANING INTO THE FACT THAT WE CAN, AS WE'RE THINKING ABOUT NEW DEVELOPMENTS, SOME OF THE THINGS THAT NICO TALKED TO US ABOUT LATER, WE'RE REALLY CONNECTING THE DOTS AMONGST THESE, AND THAT WE'VE GOT AND WE'RE TELLING THAT STORY THAT NOT ONLY BE A GREAT PLACE TO RAISE A FAMILY, BUT WE CAN ALSO BE A GREAT PLACE TO GROW A BUSINESS AND START A BUSINESS IN NORTH TEXAS, AND HERE'S WHY YOU WOULD DO THAT.
NEXT SLIDE, PLEASE. THE THIRD PIECE OF THIS, AND I THINK I ALREADY SPILLED THE T ON THIS WHEN I WAS MENTIONING ENTREPRENEURIAL HUB AT THE BEGINNING IS, LET'S REALLY LEAN INTO THIS IDEA OF TECHNOLOGY AND ENTREPRENEURSHIP.
WHEN YOU LOOK AT WHAT'S GROWING REALLY, REALLY FAST IN THE REGION, IT'S SOFTWARE AND DIGITAL INDUSTRIES.
THE FANTASTIC NEWS FOR US, Y'ALL IS THOSE BUSINESSES DON'T TAKE A LOT OF SPACE.
WE CAN HOUSE SOME OF THEM IN SAX.
WHAT WE ALSO KNOW IS THAT A MAJORITY OF A FOURTH OF SAX RESIDENTS ARE ALREADY WORKING IN KNOWLEDGE BASED JOBS.
WE ACTUALLY MAY HAVE THIS HIDDEN INNOVATION BASED ECONOMY PIECE.
CAN YOU IMAGINE ONE WAY TO TAP INTO THAT IS, WHY NOT THINK ABOUT A SMALL INNOVATION HUB OR CO WORKING SPACE JUST TO START TO TEASE OUT WHAT'S POSSIBLE IN SAX.
THAT COULD BE A PLACE WHERE REMOTE WORKERS COULD GATHER, IT COULD BE A PLACE WHERE ENTREPRENEURS COULD ONE AND TWO MINUTE SHOPS, FOLKS THAT HAVE THOSE HOME BASED BUSINESSES HAVE A PLACE TO CONNECT AND REALLY THINK ABOUT THAT.
THEN WHAT'S AWESOME ABOUT DOING THAT, IS THAT YOU COULD THEN WRAP THAT AROUND WITH PROGRAMMING, THE PROGRAMMING AND THE NETWORKING AND ALL THE THINGS THAT ARE IMPORTANT AS IT RELATES CREATING THAT ECOSYSTEM.
THIS IDEA OF UTILIZING TECHNOLOGY AND ENTREPRENEURSHIP AND STARTING TO POSITION SAX AS A HUB FOR THAT WITHIN NORTH TEXAS IS A GREAT WAY TO
[00:30:01]
THINK ABOUT HOW WE CAN CAPITALIZE ON WHAT WE KNOW IS THE FASTEST GROWING, MOST DYNAMIC SECTOR IN THE REGION, WHICH IS SOFTWARE IN THE DIGITAL INDUSTRIES.>> THE CYNIC PART OF MY BRAIN COMES OUT FOR A MINUTE.
HOW DO YOU CONVINCE COMPANY SMALL COME SAY, HEY, YOU WANT TO BE IN SAXI VERSUS PLANO VERSUS FRISCO VERSUS SURROUNDING.
IN MY MIND, IT'S LIKE, HOW DO I, I LIKE THAT, BUT I'M TRYING TO THINK, MAN, HOW AM I GOING TO SAY THAT SAX IS THAT ATTRACTIVE OTHER THAN, HEY, I CAN GET RENT RATES SIGNIFICANTLY LOWER THAN WHAT YOU'RE GOING TO PAY IN FRISCO THING.
>> THAT WOULD BE A BIG ONE. I'D ALSO START LOCALLY.
I WOULD ALSO START WITH PEOPLE THAT ARE SAXING RESIDENTS WHO ARE ALREADY DOING THIS A LOT OF TIMES OUT OF THEIR HOMES, OR OUT OF OUT OF NEIGHBORING COMMUNITIES.
ONE OF THE EXAMPLES THAT LAURA AND I WORKED ON BEFORE YOU GUYS, WE WORKED IN BUDA TEXAS.
BUDA IS A SMALL LITTLE TOWN OUTSIDE OF AUSTIN, TEXAS.
THEY, LIKE ALL, HAD A REALLY DYNAMIC KIND OF LOCAL BASED ECONOMY, WHAT WEREN'T GETTING THEIR FAIR SHARE OF THE TECHNOLOGY BASED PIECE OF THE ECONOMY THAT EVERYBODY ELSE AROUND THEM WAS GETTING IN CENTRAL TEXAS.
ONE OF THE THINGS THAT THEY DID IS JUST DECIDED TO CREATE A LITTLE ENTREPRENEUR HUB.
THEY ACTUALLY HAD AN OLD SCHOOL THAT WAS SOLD TO THE CITY TO THE EDC, I THINK FOR LIKE $1.
LAURA, SOME CRAZY NUMBER LIKE THAT.
THEY THEN MADE AN EDC INVESTMENT TO TURN THAT INTO AN ENTREPRENEUR HUB.
ONE OF THE THINGS I'LL SAY IS THAT THERE WAS LOTS OF SKEPTISM ABOUT WHAT WOULD BE THE DEMAND.
THEY HAVE HAD AN OUTSIZE DEMAND FOR ACCESS TO THAT SPACE, AND HAVE UTILIZED THAT TO REALLY START TO CATALYZE.
IT'S CALLED THE B HIB, BY THE WAY.
YOU CAN LOOK LOOK AT SOME OF THE THINGS THEY'VE POT IN ON LINKN.
THEY'VE BEEN REALLY SUCCESSFUL.
I GUESS ONE OF THE WAYS THAT I WOULD SAY I WOULD SUGGEST YOU START THAT IS TO START LOCALLY.
YOU'VE GOT A LOT OF REMOTE WORKERS.
I WOULD SUBMIT THAT YOU'VE GOT A LOT OF TECHNOLOGY BASE OR ENTERPRISE BUSINESSES THAT ARE HAPPENING OUTSIDE OF HOMES.
ONE WAY IS JUST TO START LOCAL WITH YOUR OWN TALENT BASE AND START TO BUILD OUT SUPPORT SYSTEMS THERE AND SEE HOW FAR IT GROWS.
>> THE OTHER THING I WOULD ADD TO THAT, TWO OTHER THINGS CAUSED THIS TO BE REALLY ATTRACTIVE TO US FOR YOU ALL.
ONE IS, IT'S ONE OF THE FASTEST GROWING PIECES OF THIS BIG METROPOLITAN ECONOMY.
THAT IS ALWAYS A CHANCE TO WIN.
THE OTHER ONE IS THAT YOU'LL NOTICE IN BOTH OF THE SLIDES THAT STEVEN JUST PRESENTED, WE'RE TALKING ABOUT GETTING SMALL AND MEDIUM SIZED BUSINESSES.
WHAT YOU WILL FIND, AND I'M SURE, JARED, YOU'VE SEEN THIS IN YOUR CAREER, IS MOST ECONOMIC DEVELOPMENT ORGANIZATIONS ARE FISHING FOR WHALES.
THEY WANT THE BIG, BIG WINS AND WHAT WE'RE SUGGESTING IN OUR STRATEGY IS GO AFTER THESE SMALL AND MEDIUM SIZED COMPANIES FOR A COUPLE OF REASONS.
ONE, GIVEN YOUR LAND USE AND CONSTRAINTS, IT'LL BE EASIER TO GET THEM AT THESE SIZES.
IN OTHER WORDS, A GREAT BIG COMPANY MIGHT ABSORB MORE OF YOUR UNDEVELOPED LAND THAN WHAT YOU WANT TO DEDICATE TO ONE PARTICULAR COMPANY, WHICH LEADS ME TO THE SECOND REASON, WHICH IS THAT THAT WILL BUILD RESILIENCE INTO YOUR LOCAL ECONOMY.
YOU WON'T BE PLACING ALL OF YOUR CHIPS ON ONE LARGE COMPANY.
YOU'RE GOING TO BUILD RESILIENCE INTO YOUR ECONOMY BY GETTING LOTS OF LITTLE ONES.
>> THE NEXT BIG BET WE'VE GOT HERE, NUMBER FOUR IS INVEST IN SMALL BUSINESS AND INCLUSIVE GROWTH.
WHAT THE DATA SUGGESTS, AND WE'LL LOOK AT THIS HERE IN A MOMENT IS WOMEN AND NON WHITE ENTREPRENEURS ARE UNDERREPRESENTED IN MANY OF THE HIGH VALUE SECTORS, BUT YOUR DEMOGRAPHIC POSITION AS A LEADER IN INCLUSIVE BUSINESS CREATION.
THE IDEA HERE IS, AND THIS WILL FEED INTO BOTH YOUR LOCAL ECONOMY AND PERHAPS YOUR TRADED ECONOMY WITH SOFTWARE AND TECHNOLOGY IS EXPAND ACCESS TO SMALL BUSINESS SUPPORT.
CPA FIRMS, MARKETING, DIGITAL SERVICES, CREATE SPACES.
THIS COULD BE PART OF YOUR ENTREPRENEURIAL IDEA.
IF YOU DEDICATE SPACE TO A ENTREPRENEURIAL HUB, IT COULD BE PART OF THAT THINKING.
LAYER IN WORKFORCE AND ENTREPRENEURSHIP TRAINING.
I'LL GIVE YOU A COUPLE OF IDEAS HERE THAT WE'VE RUN INTO OVER AND OVER AGAIN.
IS ANY ASSISTANCE YOU CAN PROVIDE SMALL BUSINESSES WITH MOVING THROUGH CITY PROCESSES THAT WHITE GLOVE SERVICE.
ONE THING THAT WE HAVE NOTICED ALL OF US AT CIVIC SAL IS THAT ENTREPRENEURS HAVE A VERY LOW APPETITE FOR CITY PROCESSES, ANY GOVERNMENT PROCESSES, AND MAKING IT EASY FOR THEM TO DEVELOP AND ADVERTISING THAT, IT'S EASY TO START A BUSINESS HERE.
[00:35:01]
WE HELP YOU MOVE THROUGH THAT PROCESS FAST.ALL OF THAT MAKES A BIG DIFFERENCE IN YOUR ENTREPRENEURSHIP ECOSYSTEM.
THEN BUILDING CORRIDOR BASED SMALL BUSINESS ECOSYSTEM THAT TIES INTO REDEVELOPMENT AND TRADED SECTOR RECRUITMENT.
THAT'S A SHORT SENTENCE, BUT LET ME TIE THAT TOGETHER WITH OUR PREVIOUS CONVERSATIONS.
WHEN YOU THINK ABOUT FIFTH STREET, AND WE TALKED TO LOTS OF DEVELOPERS ABOUT THIS.
>> PART OF WHAT YOU WANT IS YOU WANT THAT TO BE AN EXPRESSION OF YOUR VALUES AND THE COOL FACTOR OF SACHSE.
WE'VE HEARD FROM YOUR ELECTED OFFICIALS, FROM YOU ALL, FROM YOUR CITY MANAGER.
THIS IS A CHANCE TO REALLY EXPRESS THE FLAVOR OF SACHSE.
BUT IN ORDER FOR THAT TO WORK ECONOMICALLY, IT WILL BE BETTER AS A CORRIDOR STYLE INVESTMENT.
THAT CORRIDOR DEVELOPMENT IS GOING TO HAVE TO PRODUCE ENOUGH DENSITY, A POINT THAT STEVEN MADE EARLIER SO THAT YOU GET THE BEST OF THE BEST WHEN IT COMES TO THAT 5TH STREET DEVELOPMENT.
THIS IS WHAT LED US TO THIS IDEA OF USE THAT CORRIDOR AS A WAY TO RECRUIT AND ATTRACT SMALL BUSINESSES, THE TRADED SECTORS THAT STEVEN TALKED ABOUT A MOMENT AGO.
THAT'S HOW IT ALL FITS TOGETHER WITH YOUR LAND USE, YOUR VERY SPECIFIC GOALS WITH 5TH STREET REDEVELOPMENT, BUMPING UP YOUR TRADED SECTOR GROWTH AND MAKING SURE THAT THERE'S ALL ROOM FOR SMALL BUSINESS GROWTH.
I BASICALLY JUST DID THIS SLIDE FOR US.
THE CENTER REDEVELOPMENT DRIVEN GROWTH.
AGAIN, WE'VE TALKED ABOUT THIS ALREADY.
BUT YOU DON'T HAVE A LOT OF UNDEVELOPED LAND.
YOU CAN'T RELY ON A TRADITIONAL GREENFIELD STRATEGY, WHICH A LOT OF CITIES DO FOR ECONOMIC DEVELOPMENT.
REDEVELOPMENT IS GOING TO BE A BIG TOOL FOR YOU ALL AND THAT'S OKAY.
WE THINK THAT THERE'S A WAY FOR YOU TO DO THAT AND DO THAT.
BY THE WAY, YOUR COMP PLAN THAT YOU JUST DID, IMAGINED HOW THIS WOULD START TO FIT TOGETHER, WHICH YOU'LL HEAR ANNIC TALK ABOUT IN A FEW MINUTES.
HERE'S SOME TIPS AND TRICKS TO MAKE SURE THAT YOUR ECONOMIC DEVELOPMENT STRATEGY AND YOUR LAND USE STRATEGY ARE SYNERGISTIC.
THE IDEA IS TO MAKE THAT QUARTER REDEVELOPMENT A CENTRAL ECONOMIC STRATEGY.
WE TALKED ABOUT THAT, FLEXIBLE OFFICE SPACE, DOWNTOWN REVITALIZATION IS AN ANCHOR FOR RETAIL AND THE KNOWLEDGE ECONOMY.
THAT'S LITERALLY WHAT STEVEN WAS TALKING ABOUT WITH THE 5TH STREET REDEVELOPMENT.
MAYBE YOU PUT AN INNOVATION HUB IN THERE OR CO-WORKING SPACE OR SOMETHING THAT IS AN EXPRESSION OF THAT KNOWLEDGE ECONOMY.
THEN YOU JUST NEED TO MAKE SURE THAT THE ZONING INFRASTRUCTURE AND TO YOUR POINT INCENTIVES ARE ALL GOING IN THE SAME DIRECTION TO MAKE SURE YOU GET THE RESULTS YOU'RE LOOKING FOR.
NOW WE'RE GOING TO DIG A LITTLE BIT DEEPER INTO THE DATA.
STEVEN, YOU WANT TO KICK THIS ONE OFF?
>> SURE. WE'VE GOT FIVE TAKEAWAYS ON THE DATA.
ONE OF THE THINGS THAT WE'RE NOT GOING TO SHARE THE FULL DECK TONIGHT.
IF YOU GUYS ARE GET HUNGRY FOR DATA, JARED HAS THE FULL DECK, AND HE CAN SHARE IT WITH YOU.
BY THE WAY, WE'VE WENT THROUGH EVERY INDIVIDUAL SECTOR AS WELL AND DONE A DEEP DIVE ON INDIVIDUAL SECTORS AS WELL, SO ALL OF THAT IS HERE.
WE'VE ALREADY HAVE SAID THIS BEFORE, BUT SACHSE'S ECONOMIES UNDERWEIGHTED IN EXPORT SECTORS WERE HIGHLY DEPENDENT ON LOCAL SERVICES, WHICH IF YOU THINK ABOUT IT, IT'S ALSO CHALLENGING FOR RESILIENCY, AS WELL.
WHEN YOU'RE TRYING TO DICTATE WHAT GROWS YOUR ECONOMY, JUST AS YOU THINK ABOUT YOUR OWN STOCK PORTFOLIO, YOUR OWN INVESTMENT PORTFOLIO, YOU WANT DIVERSITY.
THE SAME THING IN YOUR ECONOMY.
YOU WANT TO BUILD DIVERSITY IN YOUR PORTFOLIO, AS WELL.
THE POSITIVE FOR US IS THAT THE COUNTIES IN WHICH WE SIT, BOTH DALLAS AND COLLIN COUNTY, ARE HUGELY DIVERSIFIED, REALLY STRONG AND TRADED SECTORS, AND IN FACT, REALLY STRONG, LIKE, ONE IN FIVE.
THAT IS MUCH MORE SIGNIFICANT THAN EVEN AS WE THINK ABOUT WHAT'S GOING ACROSS THE US.
THERE'S AN OPPORTUNITY FOR US TO DIP OUR TOE INTO THAT AND GET OUR OWN FAIR SHARE OF THIS.
DIVERSIFYING IS GOING TO BE REALLY ESSENTIAL FOR COMPETITIVENESS GOING FORWARD.
THE CHARTS THAT YOU SEE HERE SHOW THAT.
FOR INSTANCE, TO GIVE YOU AN EXAMPLE.
YOU LOOK AT THE US ECONOMY ON AVERAGE, WE'RE GOING TO LOOK AT THE CHART TO THE LEFT RIGHT NOW, WHICH IS THE JOBS BY TRADED SECTOR.
ON AVERAGE, SEVEN IN 0 JOBS IN THE AMERICAN ECONOMY ARE LOCAL SECTOR.
FOR YOU ALL, THAT'S NINE IN 10 JOBS.
YOU ARE MUCH MORE HIGHLY RELIANT ON LOCAL SECTOR JOBS, EVEN MORE SO THAN THE US AVERAGE.
THE GOOD THING YOU KNOW, IS THAT WHEN YOU LOOK AT THE DALLAS AND COLLIN COUNTY ECONOMY,
[00:40:03]
IT'S JUST SIX IN 10 JOBS.WHY DO WE CARE ABOUT TRADED SECTOR JOBS? LAURA MENTIONED THIS EARLIER, BUT I WANT TO HIT ON IT AGAIN.
ONE, IT'S THE MULTIPLIER EFFECT FOR JOBS.
IN TERMS OF EVERY TRADED SECTOR JOB WE CAN WE CREATE A MULTIPLIER EFFECT WITH THE LOCAL JOBS.
THAT'S A GOOD THING, THAT'S A CHECK.
TWO, TYPICALLY, THE TRADED SECTOR JOBS ARE JUST BETTER JOBS.
IF WE'RE THINKING ABOUT HOW WE HAVE A SMALL REAL ESTATE PORTFOLIO, SMALL COMMUNITY, CONSTRAINED BY LAND, AND WE WANT TO BE VERY HAVE A CLEAR POINT OF VIEW ABOUT THE TYPE OF JOB, TYPE OF GROWTH THAT WE WANT IN OUR COMMUNITY.
IF WE'RE CREATING TRADED SECTOR JOBS, WHAT IT SAYS TO US, JUST BY DEFINITION, WE'RE CREATING BETTER JOBS, WE'RE CREATING FAMILY SUPPORTING JOBS, HOUSEHOLD SUPPORTING JOBS.
THERE'S A HIGHER QUALITY OF ECONOMIC DEVELOPMENT THAT YOU GET, SO YOU GET A HIGHER RETURN ON THOSE INVESTMENTS.
THAT'S REALLY WHAT REALLY THE REASON THAT YOU WANT TO LEVERAGE AND DO BOTH TYPES OF THE DEVELOPMENT AND REALLY LEAN INTO THINKING ABOUT WHAT THIS TRADE AND SECTOR APPROACH WOULD BE.
>> WHEN I LOOK AT THIS AS COMPARED TO COUNTIES, HOW DOES THAT LOOK AT PEER JUST CITIES? HOW DO WE COMPARE TO THE PEER OR NEIGHBORING CITIES AS IT RELATES TO THIS.
>> IT IS NOT. WE DID NOT DO THE ANALYTICS FOR THE CITY.
THAT WOULD BE TAKING THIS DETAILED ANALYSIS AND DOING IT A LOT.
WE DIDN'T DO THE ANALYTICS FOR THAT.
NO. WE JUST LOOKED AT YOU ALL AS THE CITY, AND WE LOOKED AT THE REGIONAL ECONOMY AND COMPARED TO CITY REGIONAL ECONOMY.
I WOULD SAY ON THE BACK OF THE ENVELOPE, JUST KNOWING THE NORTH TEXAS ECONOMY PRETTY WELL, I THINK WHEN YOU LOOK AT PLACES LIKE PLANO, YOU LOOK AT PLACES LIKE FRISCO, ARLINGTON, OBVIOUSLY, MUCH LARGER COMMUNITIES THAN YOU, CARROLL, TEXAS, WHERE WE JUST WORK, FOR INSTANCE, THEIR TRADED BASS SECTOR ECONOMY IS MUCH CLOSER TO MIRRORING WHAT THE DALLAS FORT WORTH ECONOMY LOOKS LIKE, JUST ON THE BACK OF THE ENVELOPE.
YOU CAN SEE TARGET CLUSTER JOBS, BOTH IN SACHSE AND IN THE COLLIN COUNTY AND DALLAS COUNTY.
BY THE WAY, WE DIDN'T DO THE WHOLE METROPLEX.
WE JUST FOCUSED IN ON THESE TWO COUNTIES BECAUSE THIS IS WHERE YOU ALL SIT.
WE FOCUSED JUST IN DALLAS AND IN COLLIN COUNTY.
BUT AGAIN, THIS LOOKS AT THE HEADLINE IN A JUST A DIFFERENT WAY.
ONE IN FIVE JOBS IN COLLIN COUNTY AND DALLAS COUNTY ARE IN TRADE SECTOR, ONE IN 10 JOBS ARE IN SACHSE. NEXT SLIDE.
THE SECOND POINT OF THIS IS THAT TARGET CLUSTERS ARE ALREADY CENTRAL TO THE DALLAS ECONOMY.
WE'RE GOING TO TALK ABOUT THE PARTICULAR TARGET SECTORS WHICH BECOME MAYBE A FOCUS.
NOW WE'VE BEEN LEADING INTO THIS TRADED SECTOR LANGUAGE. IT'S VAGUE.
LET'S TALK ABOUT LILY WHAT THAT REALLY MEANS.
HOW DO WE DEFINE THAT? WELL, WHEN WE LOOK ACROSS THE REGION, WHAT DO WE KNOW? WELL, IF YOU LOOK AT THE GROWTH ACROSS THE TRADED SECTOR-BASED ECONOMY, YOU CAN SEE IN PLACES, WHAT'S GROWING REALLY FAST.
WELL, WE KNOW WE'RE SEEING STRONG GROWTH IN FINANCE AND BUSINESS.
WE'VE DONE A LOT OF GROWTH ALMOST 3,000-500,000 JOBS IN THE REGION.
YOU CAN SEE THAT WE'VE ADDED ABOUT 54,000 JOBS IN SOFTWARE.
THEN YOU'VE SEEN THIS LITTLE BUMP UP IN OTHER PROFESSIONAL SERVICES, WHICH IS ARCHITECTURE, ENGINEERING, ADVERTISING, AND SOME MEDICAL DEVICE, WHICH HAS BEEN A LITTLE BIT STAGNANT.
BUT FINANCE AND BUSINESS GROWTH BECOME THAT REAL FOCUS FOR US WHEN WE LOOK AT THE COUNTIES, AND ALSO SHOULD BE REALLY THE FOCUS BY WHICH WE THINK ABOUT THE GROWTH OF OUR PORTFOLIO IN SACHSE AS WELL.
NEXT SLIDE. BUSINESS ESTABLISHMENT.
WE JUST LOOKED AT THAT WAS JOB GROWTH, AND WE LOOKED AT BUSINESS AND NOW WE'RE LOOKING AT THE COUNTING OF BUSINESS ESTABLISHMENT.
THE PREVIOUS SLIDE COUNTED JOBS, NOW WE'RE COUNTING BUSINESS FORMATION. WHAT DO WE NOTICE? WELL, FOR THE LAST 10 YEARS, WE'VE CREATED ABOUT 4,000 FINANCE JOBS, A LITTLE BIT OF DECLINE RECENTLY, JUST RECENTLY, AND THAT IT CONTRACTED JUST A BIT.
BUT WHEN YOU SEE SOFTWARE ESTABLISHMENTS.
SOFTWARE ESTABLISHMENTS HAS GROWN FROM ABOUT 5,000 TO A LITTLE OVER 9,000.
AGAIN, NOT ONLY ARE YOU SEEING THE JOB GROWTH IN THOSE SECTORS.
IT'S NOT JUST BIG FIRMS THAT ARE EXPANDING, WHERE YOU REALLY SEE THAT ENTREPRENEURIAL GROWTH IS REALLY HAPPENING IN BOTH FINANCE AND BUSINESS AND SOFTWARE DEVELOPMENT.
NEXT SLIDE. THIS IS THE REAL KICKER AND THE REAL OPPORTUNITY.
WHICH IS TO SAY, WE MADE THE ARGUMENT TO YOU EARLIER THAT
[00:45:05]
TRADED SECTOR JOBS ARE THE MULTIPLIER JOBS AND WHAT WE KNOW IS THAT THAT IS THE CASE.AS YOU CAN SEE, WHEN WE LOOK AT AN AVERAGE TRADED SECTOR JOB, OVERALL, IT CREATES BASICALLY 2.1 LOCAL JOBS.
BUT WHEN WE LOOK AT THE TWO FOCUS AREAS, WHICH WE'VE BEEN SPENDING A LOT OF TIME TALKING ABOUT TONIGHT, FINANCE AND BUSINESS SERVICES.
AGAIN, I START SOUNDING LIKE A BROKEN RECORD, YOU SEE THAT THE REAL OPPORTUNITY THAT YOU GET.
FOR EVERY ONE JOB THAT WE CAN CREATE IN A PROFESSIONAL BUSINESS SERVICES OR A SOFTWARE JOB, WE CAN CREATE 2.4 SOFTWARE JOBS.
NOW, GO BACK TO YOUR ORIGINAL INVESTMENT THAT YOU MADE IN THE EXPORT-BASED ECONOMY.
IT WAS WITH A MEDICAL DEVICE COMPANY, AND YOU WERE SMART BY THAT BECAUSE WHEN YOU LOOK AT MEDICAL DEVICES, WHAT YOU NOTICE IS THAT THE MULTIPLIER EFFECT IS ACTUALLY A LITTLE BIT HIGHER IS THERE AS WELL.
SO THERE IS STILL AN OPPORTUNITY TO EVEN BE THINKING ABOUT CONTINUING, SACHSE PLAY IN THAT MEDICAL DEVICE MANUFACTURING SPACE.
WHAT OUR DATA WOULD SUGGEST IS, YES, IF WE HAVE THE REAL ESTATE AND THE DEVELOPMENT SPACE TO DO IT, IT MAKES REAL SMART SENSE TO DO IT BECAUSE OF THE IMPLICATIONS THAT YOU GET AS WELL.
>> I HAVE A QUICK QUESTION. THIS IS CHRISE.
AS WE'RE LOOKING AT THESE DIFFERENT SECTORS, IS THERE A STAGE OF MATURITY FOR THESE BUSINESSES THAT WE'RE LOOKING AT? ARE WE LOOKING AT LIKE GOING AFTER BUSINESSES THAT ARE SEED-FUNDED AND JUST GETTING STARTED? ARE WE LOOKING FOR ONES THAT HAVE BEEN MORE ESTABLISHED? I KNOW YOU SAID WE'RE NOT GOING AFTER, LIKE THE BIG BUSINESSES.
BUT THERE IS THE STAGE OF A COMPANY.
>> THAT'S A VERY GOOD QUESTION. OBVIOUSLY, I DON'T THINK YOU WANT TO INVEST IN ALL EARLY STAGE BUSINESS THAT HAVE EARLY STAGE BUSINESS.
WE'RE LOOKING FOR SOME BUSINESSES THAT ARE IN THAT SCALING APPROACH.
BUT A LOT OF IT, I THINK COMES BACK TO HOW WE'RE THINKING ABOUT THE TYPE OF ECONOMIC DEVELOPMENT SERVICES AND THE TYPES OF BUSINESS DEVELOPMENT AND STRICT SUPPORT SERVICES THAT WE'RE PROVIDING.
IF WE'RE BUILDING AN ENTREPRENEUR CENTER THAT'S GOING TO BE SUPPORTING THOSE SMALLER BUSINESSES, THE HOPES OF SCALE, MAYBE YOU ARE PLAYING IN THAT LITTLE SMALLER SPACE.
MAYBE THAT'S HAPPENING ON THE SOFTWARE SIDE, OR THAT HAPPENS AT THE PROFESSIONAL SERVICES SIDE.
MAYBE SMALL BUSINESSES, SMALL BUSINESS NUMBERS IN TERMS OF HEADCOUNT BECOMES THE FOCUS FOR THOSE SECTORS.
BUT WITH MEDICAL DEVICES, IF WE'VE GOT A SPACE LIKE, LET'S SAY, WE'RE ABLE TO RECLAIM THAT SITE THAT HAS WENT OFF THE WAGON A LITTLE BIT, AND WE'RE TRYING TO GET OUR HANDS AROUND.
IF WE HAVE THAT SPACE, AND THAT MAY CREATE AN OPPORTUNITY FOR US TO ATTRACT OR TO WORK WITH RECRUITMENT IN A MEDIUM-SIZED TO LARGER-SIZED BUSINESS.
I SAY THAT TO SAY, IT'S NOT A ONE SIZE FITS ALL.
I DON'T THINK YOU WANT TO FILL THE BOAT WITH JUST ALL SMALL GUYS OR BIG GUYS.
YOU WANT TO JUST AS YOU HAVE DIVERSITY IN THE ECONOMY, YOU WANT TO DIVERSIFY WITHIN THAT, AND A LOT OF IT WILL DICTATE ON THE TYPES OF SUPPORT SERVICES THAT WE'RE PROVIDING IN THE SPACE. DOES THAT MAKE SENSE?
>> YEAH, THAT DOES. THANK YOU.
>> ONE OTHER WAY TO THINK ABOUT CONNECTING THE DOTS CAUSE THAT'S WHAT STEVEN IS ESSENTIALLY SAYING IS, YOU'VE GOT THAT BIG HOSPITAL INVESTMENT THAT YOU JUST WANT.
>> WE TALKED TO THE CEO. THAT'S A GREAT IDEA.
NOW, HOSPITALS DON'T MAKE DECISIONS LIGHTLY, AND THEY SELECTED SACHSE FOR A REASON, AND THEY DON'T SEE THEMSELVES AS JUST A LOCALLY SERVING HOSPITAL.
THEY SEE THEMSELVES AS A REGIONAL HOSPITAL. WHAT DOES THAT MEAN? WELL, IT MEANS THAT YOU ARE HIGHLY LIKELY TO GET SOME DOCTORS OFFICES, DENTIST OFFICES, MAYBE PHYSICAL THERAPY OFFICES, THINGS LIKE THAT.
YOU ARE LIKELY TO GET SOME OF THOSE PROFESSIONAL SERVICES COMING YOUR WAY BECAUSE OF THAT HOSPITAL INVESTMENT. WHAT DOES THAT CREATE? WELL, IT CREATES AN OPPORTUNITY, PERHAPS TO KEEP GOING ON THIS IDEA OF MEDICAL DEVICE MANUFACTURING.
WHY? BECAUSE THOSE MANUFACTURERS, WELL, I'M GOING TO DO THIS IN TWO PIECES.
YOUR MATURE MEDICAL MANUFACTURING BUSINESSES ARE GOING TO SEE THE ECOSYSTEM DEVELOPING OUT, AND THEY TEND TO WANT TO BE PART OF AN ECOSYSTEM. THAT'S ONE REASON.
THEN YOU COULD TIE IN YOUR ENTREPRENEURIAL ACTIVITIES INTO THAT A LITTLE BIT AND START DOING SOME INTERESTING THINGS WITH THOSE EARLY STAGE MEDICAL DEVICE MANUFACTURING COMPANIES.
THAT'S AN EXAMPLE OF TAKING ONE DECISION THAT CAME YOUR WAY AND THREADING IT ALL THE WAY THROUGH YOUR ECONOMIC DEVELOPMENT STRATEGY FROM A BUSINESS RECRUITMENT, WITHIN A MANUFACTURING SECTOR, A PROFESSIONAL SERVICES SECTOR, AND AN ENTREPRENEURIAL APPROACH.
DOES THAT START TO ILLUSTRATE HOW THAT COULD HAPPEN AS A STRATEGY?
>> YEAH, IT DOES. LORI, YOU DO TAKEAWAY 3 AND 4?
>> SURE. WE'LL GO PRETTY QUICKLY BECAUSE IT'S 6:50.
WE WILL TRY TO GO THROUGH THESE SLIDES SINCE WE'VE BEEN TALKING ABOUT THESE THEMES ALL ALONG.
[00:50:02]
ALL TARGET CLUSTERS DEMONSTRATE REGIONAL SPECIALIZATION, AND THAT SPECIALIZATION IS INCREASING.I JUST GAVE YOU A GREAT EXAMPLE OF THAT.
TARGET CLUSTERS TEND TO GROW FASTER THAN THE ECONOMY OVERALL WITHIN THE REGION, AND THE CLUSTERS ARE GROWING FASTER IN THE REGION THAN THEY ARE IN THE NATION.
LET'S TAKE A LOOK UNDER THE HOOD.
AGAIN, WE'RE LOOKING AT THE SAME TARGET CLUSTERS THROUGHOUT THIS PRESENTATION.
WHAT WE'RE SHOWING HERE IS THE LOCATION QUOTIENT.
THIS IS A COMPARATIVE ANALYTIC.
THE LINE DOWN THE MIDDLE IS THE UNITED STATES, THE COMPETITIVE ADVANTAGE.
WHEN YOU SEE SOMETHING AS BIG AS 2.2, THAT IS WINNER WINNER CHICKEN DINNER.
IF YOU LOOK AT YOUR COMPETITIVE STRENGTHS, THEY'RE SITTING RIGHT THERE.
WELL, ACROSS ALL FIVE OF THESE TARGET CLUSTERS THAT WE'RE POINTING OUT TO YOU PARTICULARLY STRONG WITH FINANCE AND BUSINESS, SOFTWARE DEVELOPMENT, AND MEDICAL DEVICE MANUFACTURING.
YOU'RE STARTING TO SEE WHY WE'RE PUSHING IN THAT DIRECTION REALLY STRONGLY.
WHY THEMATICALLY, WE'VE SPENT REAL TIME CONNECTING THE DOTS OF THIS HOSPITAL INVESTMENT WITH AN ENTREPRENEURIAL STRATEGY, WITH A MEDICAL DEVICE STRATEGY, WITH A PROFESSIONAL SERVICES RECRUITMENT STRATEGY.
AGAIN, STEVEN, I THINK TALKED A LOT ABOUT THIS HIGH PRODUCTIVITY PER WORKER INDICATES THESE CLUSTERS OFFER EMPLOYMENT OPPORTUNITIES THAT ARE GOOD FOR INDIVIDUALS IN THE REGION.
I THINK STEVEN SAID IT EVEN MORE PLAINLY. THEY'RE GOOD JOBS.
THESE ARE GRP, THE GENERATION PER WORKER IS REALLY HIGH.
YOU'LL SEE THE SAME STACK THAT WE'VE SEEN BEFORE.
THE FINANCE AND BUSINESS CLUSTER IS A MAJOR CONTRIBUTOR TO TAXES COLLECTED WITHIN THE REGION.
WHAT THIS IS LOOKING AT IS THE TAX ON PRODUCTION AND IMPORTS.
THESE ARE NON-INCOME TAXES PAID BY BUSINESSES IN COLLIN AND DALLAS COUNTIES.
NOT ONLY ARE THESE GOOD FOR THE INDIVIDUAL HIGH PAYING.
THESE ARE GOOD FOR THE ECONOMY, THAT'S YOUR GRP, AND THEY'RE GOOD FOR THE LOCAL GOVERNMENTS BECAUSE THEY'RE HIGH TAX PRODUCERS.
TAKEAWAY NUMBER 4 THE JOBS IN THESE TARGET CLUSTERS ARE HIGH QUALITY.
HERE IS A LOOK AT AVERAGE SALARIES AND WAGES IN DALLAS AND COLLIN COUNTIES WITHIN THIS SAME SUITE OF TARGET SECTORS.
YOU CAN SEE THAT YOU DIP DOWN WHEN IT GETS TO ADVERTISING AND MARKETING, BUT YOU DO QUITE NICELY WITH MEDICAL DEVICE, MANUFACTURING, ARCHITECTURAL, AND ENGINEERING SERVICES, FINANCE, AND BUSINESS, AND SOFTWARE DEVELOPMENT.
REMEMBER, TIE THIS BACK TO THE DEMOGRAPHY OF SACHSE AS IT SITS TODAY.
THIS IS AN EDUCATED POPULATION.
THIS IS A PLACE THAT HAS MADE A NAME FOR ITSELF IN TERMS OF BEING HIGHLY EDUCATED, HIGH INCOMES.
THIS IS A PLACE THAT YOU WILL GET FAMILIES THAT ARE GETTING THESE JOBS, AND THEY'LL COME AND STAY JUST LIKE THE LAST GENERATION DID.
YOU JUST HAVE TO BUILD THE ECONOMY FOR THEM TO DO THAT.
>> SEE ME WANT TO DO THIS ONE?
>> THIS JUST SPEAKS TO THE IDEA OF CAREER OPPORTUNITIES.
THE GAINS ACROSS ALL OF THESE ACTUALLY HELP FOLKS.
IF YOU WERE FOCUSING ON THESE SECTORS, IT'S WIDESPREAD AGAINST DIFFERENT DEMOGRAPHICS AND DIFFERENT EDUCATIONAL COHORTS.
MEANING THAT IT DOESN'T OFTEN REQUIRE BA HIRE, BUT THE REALITY IS IS THAT A LOT OF MOST OF YOUR RESIDENTS ACTUALLY MAJORITY OF YOUR RESIDENTS ARE HIGHLY EDUCATED AGAINST SEVEN AND TEN.
THESE SECTORS REALLY ALIGNED WITH THE TYPE OF EDUCATIONAL ATAINMENT THAT YOU HAVE.
FOR INSTANCE, JUST A WAY TO READ THE SIDE, WHEN WE THINK ABOUT JOBS WITHIN THE FINANCE STRUCTURE THAT WE'RE LOOKING AT, ABOUT 68% OF THE PEOPLE THAT WORK ON THOSE JOBS ACTUALLY HAVE A BACHELOR'S DEGREE.
SAME WAY WHEN YOU LOOK AT SOFTWARE, IT'S ABOUT 78%.
A LOT OF THE JOBS THAT WE'RE TALKING ABOUT ARE JOBS THAT ARE GOING TO REQUIRE HIGH LEVELS OF EDUCATION.
NORMALLY, ONE OF THE THINGS THAT WOULD COUPLE THAT WITH IS THAT WE'D HAVE TO THINK ABOUT WORKFORCE DEVELOPMENT OPPORTUNITIES.
YOU GUYS ARE REALLY LUCKY IN THE SENSE THAT, YOU'RE HIGHLY EDUCATED.
WE DON'T REALLY HAVE TO WE DON'T HAVE TO DO A LOT OF THAT WORKFORCE DEVELOPMENT WORK.
WE HAVE TO WORK REALLY ON THE BUSINESS INVESTMENT SIDE AND THE ENTREPRENEURSHIP IN THE INNOVATION SIDE BASED OF THE HOUSE TO BUILD THAT PIECE OF THE ECONOMY.
WE'RE NOT HAVING TO DO A LOT OF THE WORK AROUND CREATING THOSE WORKFORCE PIPELINES, SO TO SPEAK.
>> IN OTHER WORDS, THAT'LL BE PART OF YOUR CALLING CARD.
THAT'LL PUT IT'LL BE WHAT YOU PUT IN THE STOREFRONT WINDOW.
>> IN A WAY, IT JUST MAKES IT'S EASIER ECONOMIC DEVELOPMENT, FRANKLY.
THAT SAID, WE TALKED A LOT ABOUT OPPORTUNITIES FOR WOMEN THE LAST TIME.
[00:55:03]
WOMEN IN THESE SECTORS TEND TO BE UNDER REPRESENTATIVE, IF WE'RE WANTING TO PLAY AND CREATE OPPORTUNITIES.THIS MAY BE AN OPPORTUNITY TO DO THAT TO CREATE BETTER JOBS FOR WOMEN IN THE SPACE.
THEN FINALLY, I THINK WE'VE GOT THAT DIVERSITY.
SOME OF THE CHALLENGES THAT SOME OF THESE SECTORS ARE IS THAT THEY STILL HAVE LOWER DIVERSITY AS IT RELATES TO SOME OF THESE SECTORS, WHICH MAY BE THAT IF WE DO WANT TO SUPPORT DIVERSE BUSINESS, WE'RE GOING TO BE VERY HAVE A REAL CLEAR POINT OF VIEW ABOUT HOW WE MAKE SURE THAT WE'RE CREATING THE RIGHT TYPE OF WRAPAROUND SERVICE TO DO THAT.
THIS IS JUST A FLAG FOR US THAT IS WORK THINKING ABOUT ENTREPRENEUR SERVICES.
MAYBE THERE IS SOME SUPPORT NETWORKS OR GATHERINGS TO SUPPORT WOMEN ENTREPRENEURS OR WOMEN FOLKS THAT ARE WORKING IN FINANCIAL SERVICES OR FOLKS OF COLOR, ETC, ARE REALLY WANTING TO MAKE THAT A PART OR A FOCUS OF OUR ECONOMIC DEVELOPMENT STRATEGY.
WITH THAT AND THEN AGING, I'M SORRY, WE HAVE ONE MORE.
THIS IS A SECTOR THAT IS OVERARCHING AGING ACROSS THE REGION, BUT NOT AS MUCH AS OVERARCHING AS WE'D SEE ACROSS THE ENTIRE ECONOMY.
TRADE A SECTORS, BY THE WAY, TEND TO BE YOUNGER ON AVERAGE AND IF WE'RE TRYING TO PLAY A PLAYER FOR YOUNGER WORKERS, AGAIN, YOUNGER POPULATIONS, THIS IS AN OPPORTUNITY TO THINK ABOUT HOW WE ARE CREATING THOSE TYPES OF JOBS THAT THEY WOULD HAVE THE CREDENTIALS TO FILL.
AT THE RISK OF SOUNDING HORRIBLY CHAUVINISTIC AND RACIAL.
TO SOME DEGREE, WHY DOES IT MATTER IF IT'S A WOMEN OWNED BUSINESS OR A PERSON OF COLOR OR WHATEVER VERSUS JUST A GOOD BUSINESS? HELP ME UNDERSTAND THE IMPORTANCE, BECAUSE DIVERSITY IS GREAT, BUT IT'S LIKE DOES THAT IS, WHY THAT FOCUS?
>> I THINK A LOT OF IT DEPEND COUPLE OF THOUGHTS ON THAT.
FIRST AND FOREMOST, ONE OF THE THINGS THAT WE KNOW IS THAT IN THE SITE SELECTION SPACE, WHEN YOU'RE TALKING ABOUT, LIKE, MAJOR COMPANY RELOCATION SPACES.
YOU GUYS, FOR INSTANCE, ARE WERE INTERESTED IN WINNING A MEDICAL DEVICE COMPANY.
A LOT OF TIMES LARGER COMPANIES WILL LOOK FOR COMMUNITIES THAT HAVE MORE DIVERSE WORKFORCE, A PORTFOLIO DIFFERENT DIVERSITY ALONG ITS WORKFORCE.
THAT MAY BE ONE WAY TO THINK ABOUT IT, IS THAT IT DOES IT POSITION US AS A WAY FOR ADDITIONAL INVESTMENT. THAT'S ONE ARGUMENT.
THE SECOND QUESTION THAT YOU'RE ASKED IS, FRANKLY, JUST A QUESTION OF COMMUNITY VALUES.
SOME COMMUNITIES, AND BY THE WAY, THAT'S NO JUDGMENT IN THAT.
THERE ARE A LOT OF COMMUNITIES THAT SAY, WE ARE A HIGHLY HISPANIC BASED COMMUNITY.
WE WORKED IN TERRELL, TEXAS, BY THE WAY.
ONE OF THE FASTEST GROWING HISPANIC CUBS IN ALL OF NORTH TEXAS.
ONE OF THE THINGS THAT THEY DID, ONE OF THE REASONS THAT THEY HAD A FOCUS ON HISPANIC DOWN BUSINESSES IS BECAUSE THAT'S WHERE A LOT OF THE ENTREPRENEURS THAT THEY SAW THAT WERE COMING INTO THEIR COMMUNITY THAT WERE CREATING THOSE BUSINESSES.
THERE WAS THE IDEA OF WANTING TO ALIGN ECONOMIC DEVELOPMENT RESOURCES WITH A CHANGING DEMOGRAPHIC OR A CHANGING POPULATION OF WHO THE COMMUNITY IS. THAT MAY BE ONE REASON.
TWO, AGAIN, IT COULD BE THE IDEA THAT WHEN WE LOOK ACROSS, I THINK WHEN WE LOOKED ACROSS SACHSE, ONE OF THE THINGS THAT WE KNEW IS THAT LABOR PARTICIPATION RATES FOR WOMEN, I BELIEVE IN THE LAST DATA THAT WE DID WAS A LOT OF WOMEN ARE STAYING HOME IN SACHSE, NOT GOING TO WORK.
MAYBE THEY'RE RAISING FAMILIES.
MAYBE THEY'RE DOING OTHER THINGS.
IF WE'RE WANTING TO THINK ABOUT HOW TO INCREASE LABOR PARTICIPATION RATES FOR WOMEN IN THE COMMUNITY, AGAIN, RAISING THE IDEA IF THAT'S A GOAL OF THE COMMUNITY, THEN ONE OF THE THINGS WE WANT TO DO IS WE WANT TO SUPPORT IS WE'D WANT TO PULL THE LEVER TO THINK ABOUT HOW WE SUPPORT WOMEN ENTREPRENEURS.
ALL THAT TO SAY, WE'RE NOT MAKING THE ARGUMENT THAT WOMEN OWNED BUSINESSES ARE IMPORTANT THAN PEOPLE OF COLOR BUSINESS AND PEOPLE OF COLOR BUSINESS ARE BETTER THAN JUST A GENERAL BUSINESS.
I THINK A LOT OF IT JUST ALIGNS WITH WHAT IS THE TYPE OF COMMUNITY THAT YOU HAVE IN TERMS OF DIVERSITY? WHAT ARE SOME OF THE VALUES THAT A COMMUNITY HAS AND WANTING TO SUPPORT THOSE TYPES OF GROWTH OPPORTUNITIES IN YOUR COMMUNITY, PERHAPS.
I GUESS THE ANSWER IS, A LOT OF IT COMES BACK TO DEPENDING ON THE TYPE OF COMMUNITY ECONOMIC DEVELOPMENT THAT YOU WANT TO CREATE, AND THIS IS WHY WE HAVE A REAL POINT OF VIEW ABOUT THE QUALITY EATING JOBS THAT WE HAVE IN A SPACE.
LAURA, I PROBABLY BOTCHED THAT, BUT I'LL LET YOU ADD TO IT IF THAT WAS LAURA AND, YOU GUYS CAN JUMP IN ON THERE AS WELL.
>> THAT'S A BIT GUY ON THE PANEL HERE?
>> WELL, IT ALSO PLAY I MEAN, I THINK WHAT YOU'LL WANT TO THINK ABOUT IS YOUR OWN DEMOGRAPHY.
I THINK THERE'S A TYPE, STEPHEN MENTIONED THE DEMOGRAPHIC TIAN AND TERRELL.
HONESTLY, WHAT WE FOUND THERE WAS THAT A LOT OF THEIR HISPANIC BUSINESS CENTERS WERE WORKING OUT OF THEIR HOUSES,
[01:00:02]
AND YOU COULD PULL THAT OUT OF THE ECONOMY AND BUILD IT IF YOU BUILT OUT AN ENTREPRENEURIAL STRATEGY AND A NETWORKING STRATEGY AND A SUPPORT STRATEGY FOR THEIR ENTREPRENEURS.YOU READY TO SWITCH GEARS AND TALK ABOUT LAND?
>> THAT HELPS. I APPRECIATE I GUESS WE'VE JUST GOT TO LOOK AT DEMOGRAPHICS AND MAKE SURE THAT WE'RE CONTINUING TO BUILD A WELL ROUNDED.
>> I WOULD SAY THAT YOU GUYS ARE FAIRLY DIVERSE COMMUNITY, THOUGH.
ONE OF THE THINGS, SO TO THAT END, ONE OF THE THINGS THAT WE NOTICED, IF YOU GO BACK TO THE DEMOGRAPHY OF WHAT WE WILL BE IDENTIFIED IN SACHSE AND THE COMMUNITY BENCHMARKING WORK WAS THAT YOU GUYS ARE FAIRLY DIVERSE.
I THINK THERE WAS A HIGH, HIGHLY EDUCATED IMMIGRANT POPULATION, FOR INSTANCE, THAT HAD WORKING IN SACHSE. IF I REMEMBER THAT RIGHT.
I THINK THE RESIDENTS OF COLOR WAS A LITTLE BIT HIGHER, AS WELL.
AGAIN, WE COULD MIX AND MATCH THAT DEMOGRAPHY WITH THE TYPE OF BUSINESS DEVELOPMENT SUPPORT THAT WE'RE DOING.
LOOK, I WOULD SAY, IT DOESN'T REQUIRE BIG INVESTMENTS.
IT JUST MAY MEAN THAT, FOR INSTANCE, RATHER THAN HAVING ALL OF OUR MATERIALS IN ONE LANGUAGE, WE HAVE MATERIALS IN MULTIPLE LANGUAGES, MAYBE WE'VE GOT A TOOL KIT FOR BOTH SPANISH AND ENGLISH SPEAKERS.
MAYBE ONCE A MONTH OR ONCE EVERY OTHER MONTH, IN ADDITION TO DOING A ROUND TABLE FOR ENTREPRENEURS, MAYBE WE BRING WOMEN ENTREPRENEURS TOGETHER, THESE ARE LITTLE THINGS THAT I THINK CAN GO A LONG WAY OF COMMUNICATING COMMUNITY VALUES.
I HAVEN'T HAD A CHANCE TO MEET IT ALL OF YOU VIRTUALLY.
THANK YOU FOR HAVING ME, PRESIDENT BOARD MEMBERS, AND JARED, VERY GOOD TO SEE YOU.
I WASN'T PARTICIPATING IN, BUT I DID WATCH YOUR LAST MEETING WHEN CIVIC SOUL PRESENTED PROGRESS SO FAR ON THE ECONOMIC DEVELOPMENT STRATEGIC PLAN.
TO THE LAST QUESTION, BEFORE I JUMP INTO BEFORE WE GO FROM THINKING ABOUT THESE BROAD INTELLECTUAL IDEAS, AND NOW I'M GOING TO START TALKING ABOUT WHAT CAN YOU DO WITH YOUR STREETS? I GUESS WHICH GEAR. PRETTY QUICKLY, BUT THE QUESTION WAS ASKED IN A DIFFERENT WAY AT THE LAST MEETING, AND IT REALLY STRUCK ME.
I REALLY LIKED THE WAY STEPHEN ANSWERED IT.
IT WAS SOMETHING AROUND LIKE, YOU KNOW, USING ALL THE TOOLS IN THE TOOLBOX, SO EVERYTHING WE'VE BEEN TALKING ABOUT, LIKE, HAVING A STRATEGY, THE SMALL MID SIZED COMPANIES AND LIKE, ALL THESE THINGS WE'RE TALKING ABOUT.
THE FACT THAT THAT SACHSE IS DIVERSE IS A CALLING CARD, BUT IT ALSO CAN HAVE AN IMPACT IF YOU'RE CONDUCIVE, WELCOMING VALUES AROUND MINORITY AND WOMEN OWNED BUSINESSES, IT WILL ATTRACT MORE TO COME.
FRIENDS TELL FRIENDS AND FRIENDS TELL FRIENDS, AND IT'S NOT A OVER TIME, I WILL BECOME AN IMPORTANT COG IN THE WHEEL OR A IMPORTANT FACTOR THAT CAN ADD TO YOUR STRATEGY.
I THOUGHT THAT WAS A GOOD ANSWER FROM LAST TIME.
BUT IT WAS I WAS SOMETHING THAT EFFECT.
DID YOU REMEMBER THAT THE ANSWER WAS GOOD?
>> I DO. SIMPLY PUT, LIKE, I GUESS I STARTED RUN THE ANSWER.
THE REALITY IS THAT LOOK AT ALL THE SCHOLARLY RESEARCH AND THE ECONOMIC DEVELOPMENT SPACE EVERY DAY.
WHAT WE KNOW IS THAT ECONOMIC DIVERSITY IN OUR COMMUNITIES AND SUPPORT OF DIVERSE ENTREPRENEURS BREEDS ENTRY INORATES, MORE BUSINESS INVESTMENT, AND IT ATTRACTS INNOVATION.
INVESTMENTS, INNOVATION, ALL THOSE TYPES OF THINGS ARE HIGHLY CORRELATED AS IT RELATES TO DIVERSITY.
IT'S BEEN PROVED OVER AND OVER IN THIS SPACE.
FRANKLY, IT'S ACTUALLY JUST BECOME A RULE OF THUMB AS IT RELATES TO ECONOMIC DEVELOPMENT GOING FORWARD.
IT'S REALLY A PRINCIPLE OF ECONOMIC DEVELOPMENT NOW THAT WE WANT TO SUPPORT DIVERSITY IN COMMUNITIES BECAUSE OF THE OPPORTUNITY IT CREATES A TRACKING ADDITIONAL OTHER INVESTMENTS AND THE SPILLOVER EFFECTS AS IT RELATES TO INNOVATION.
>> WELL, GREAT. ANY QUESTIONS BEFORE WE JUMP INTO THE SEGUE INTO THE INTEGRATED URBAN DEVELOPMENT STRATEGY, WHICH IS PART OF THIS PLAN DEVELOPMENT OR DO YOU WANT ME TO JUMP RIGHT IN?
>> JUMP IN. LET'S SEE WHERE WE GO.
>> LET'S GET LATE. OUR INTEGRATED URBAN DEVELOPMENT FRAMEWORK HAS THREE PARTS, A LAND USE ALIGNMENT ASSESSMENT, AN URBAN DEVELOPMENT ANALYSIS, AND THEN A REDEVELOPMENT ASSESSMENT.
I'M GOING TO WALK YOU THROUGH THE INSIGHTS THUS FAR ON THE FIRST TWO OF THOSE THREE.
THE THIRD ONE IS STILL IN DEVELOPMENT AS WE CONTINUE TO LEARN AND DO THESE MEETINGS AND GET FEEDBACK FROM YOU AND YOUR COMMUNITY.
THE FIRST TOP FIVE INSIGHTS COMING OFF YOUR SUCCESSFUL COMP PLAN UPDATE, I LOOKED AT THE COM PLAN UPDATE, THE COMMUNITY ENGAGEMENT,
[01:05:03]
SUMMARIES, AND THEN YOUR ZONING ORDINANCE, ALL OF WHICH ARE BEST PRACTICE.BRAVO TO SACHSE FOR DOING SUCH GOOD WORK.
YOU HAVE A STRONG DATA DRIVEN DOCUMENT THAT'S GOING TO SERVE AS A GREAT NORTH STAR AS YOU START TO MOVE TOWARDS IMPLEMENTATION OF THIS ECONOMIC DEVELOPMENT STRATEGY AND OTHER SUB PLANS THAT YOU MIGHT BE DOING THAT ARE BORNE OUT OF YOUR COMP PLAN AND ATTACHED TO YOUR COMP PLAN, A TRANSPORTATION PLAN, FOR EXAMPLE OR A PARKS AND TRAILS PLAN, FOR EXAMPLE, WHICH I THINK MIGHT BE FORTHCOMING AS WELL.
GOOD PLAN, ACTIONABLE IN AND OF ITSELF, BUT ALSO A GREAT BASE TO SPAWN OFF, SMALLER, MORE DETAILED PLANS.
IT'S A GREAT TIME RIGHT NOW BECAUSE OF THE COMP PLAN UPDATE TO LOOK AT YOUR ZONING ORDINANCE.
I THINK ONCE YOU OR I DON'T THINK, I KNOW, WHEN YOU HAVE YOUR ECONOMIC DEVELOPMENT STRATEGY DONE, LOOKING AT YOUR ZONING ORDINANCE FOR TWEAKS AND ADJUSTMENTS IN SERVICE TO THAT STRATEGY IS GOING TO SEEM LIKE A NO BRAINER.
IT MAKES IT SO MUCH EASIER WHEN WHAT YOUR TARGET IS.
YOU CAN YOU CAN HAVE A ZONING ORDINANCE THAT CAN CREATE VALUE RATHER THAN BEING SEEN AS A HINDRANCE, WHICH AS AN URBAN PLANNER.
THAT'S WHAT I HEAR ALL THE TIME.
ZONING ORDINANCE IS TOO CUMBERSOM.
THE ZONING ORDINANCE IS TOO COMPLICATED.
YOU WILL HAVE A TARGET, AND YOU WILL BE ABLE TO LOOK AT YOUR ORDINANCE IN A WAY THAT CAN BE ADJUSTED.
THE OTHER GOOD NEWS AS FAR AS ASSETS IS THAT YOUR ZONING ORDINANCE IS NOT OVERLY COMPLICATED.
THAT PROBABLY HAS TO DO WITH YOUR SIZE AND YOUR GEOGRAPHY, BUT THAT'S A GOOD THING.
IT'S ALREADY NOT OVERLY COMPLICATED.
YOU DO HAVE FORM BASED CODE, WHICH IS A BEST PRACTICE IN TWO OF YOUR FOCUS AREAS.
I THINK THERE'S I DON'T THINK I KNOW.
THERE'S OPPORTUNITY WHICH WILL EMERGE IN OUR RECOMMENDATIONS AS WE MOVE TOWARDS THE END OF THIS PROJECT OF WAYS THAT YOU CAN SUPPORT THE ECONOMIC DEVELOPMENT PLAN.
THERE'S JUST THERE'S A LOT OF SMALL THINGS THERE THAT I WOULDN'T SAY IT WILL BE EASY BECAUSE YOU'VE GOT TO TALK WITH YOUR COMMUNITY ABOUT THEM, BUT WE'LL HAVE VALUE.
THE NEXT RECOMMENDATION OR INSIGHT IS THERE'S AN OPPORTUNITY FOR MOMENTUM IN THE THINGS THAT YOU WERE TALKING ABOUT EARLIER WHEN WE WERE LIKE HOW DO YOU SIGNAL TO A BUSINESS COME TO SACHSE INSTEAD OF PLANO OR SOMEWHERE ELSE IN THE METROPLEX? WELL, WHAT'S ON THE GROUND? WHAT DOES IT LOOK LIKE? IS IT A PLACE SOMEONE WANTS TO COME DURING THE DAY? IS A PLACE A BUSINESS WANTS WANTS TO SIGHT BECAUSE IT'S ATTRACTIVE.
ALL OF THAT IS THROUGH YOUR COM PLAN THAT YOUR CITIZENS HAVE SPOKEN, AND THEY'VE SAID THEY WANT MORE PLACES TO GO.
THEY WANT SHOPPING, THEY WANT WALKABILITY.
YOU'RE GOING TO SEE THIS IN A SLIDE COMING UP ON URBAN DESIGN IN MORE DETAIL.
BUT YOUR STREETS AND YOUR RIGHT OF WAY ARE ONE OF YOUR BIGGEST ASSETS.
THEY ARE THE BIGGEST ASSET, USUALLY IN A CITY, MAKE IT AND THEM WORK AS HARD AS YOU DO.
THAT'S GOING TO BE REALLY IMPORTANT TO JUMP STARTING SOME ACCELERATION OF IMPLEMENTING THIS PLAN AND YOUR COM PLAN OVERALL.
THERE'S THINGS YOU CAN DO. YOU DON'T WANT TO GET AHEAD OF DOING A SUB PLAN, BUT THERE'S WAYS YOU CAN USE IMPLEMENTATION OF YOUR ECONOMIC DEVELOPMENT STRATEGY TO DO SOME QUICK BUILD TYPE PILOT PROJECTS FROM AN ECONOMIC DEVELOPMENT STANDPOINT, THAT'S NOT GOING TO STEP ON THE TOES OF YOUR DEPARTMENT AND YOUR PARKS PLAN THAT'S FORTHCOMING.
LEADING TO, AGAIN, TWEAKING YOUR ZONING ORDINANCE TOWARDS GOALS AND LOOKING AT HOUSING AND LOOKING AT NOT ONLY PRICING, BUT HOUSING CHOICE, AND ARE THERE WAYS YOU CAN INCENTIVIZE MORE DIVERSE HOUSING TYPES, INSTEAD OF HAVING LARGE MULTI FAMILY, OVER 100 UNITS, 200, 300, THOSE TYPES OF RENTAL OR SLASH OWNERSHIP PRODUCTS, CAN YOU DO SMALLER? YOU HAVE A YOU HAVE THE USES IN THE FORM BASED CODE AREA, BUT THEY'RE NOT EVERYWHERE.
WHEN WE START LOOKING AT THIS CORRIDOR APPROACH, WHICH GETS ME TO THE FIFTH INSIGHT.
WHEN YOU START LOOKING AT SH 78 AND THE SPINE THROUGH SACHSE AS A FANTASTIC OPPORTUNITY TO FOCUS AN ECONOMIC DEVELOPMENT STRATEGY THROUGH A ZONING OVERLAY, WHICH GOES HAND IN HAND WITH LOOKING COMPREHENSIVELY AT YOUR ZONING ORDINANCE.
[01:10:03]
THERE'S SO MANY THINGS YOU CAN DO NOW THAT WE'RE STARTING TO LOOK AT THE STRATEGY, WHICH SECTORS, THAT PROFESSIONAL OFFICE AND IF THERE'S DIFFERENT THINGS YOU CAN DO WITH AN OVERLAY AND TWEAKS TO YOUR FORM BASED CODE THAT CAN START TO REALLY INCENTIVIZE PROFESSIONAL OFFICE THAT WILL BRING THOSE MID AND SMALL SIZE INDUSTRIES.THAT'S A LOT. WE HAVE MORE DETAIL ON THAT.
ANY QUESTIONS BEFORE WE GO TO URBAN DESIGN?
>> KEEP GOING, AND WE MAY COME BACK.
>> SO THE NEXT PART OF THE STRATEGY WAS URBAN DESIGN ASSESSMENT.
AND AGAIN, IN LOOKING AT YOUR SHAPING SACHSE PLAN, YOU HAVE A PLACEMAKING AS CHAPTER, BUT THE PLACE MAKING RECOMMENDATIONS, SPECIFIC THINGS ARE NOTED THROUGHOUT ALL THE CHAPTERS AND THAT'S A GOOD THING.
THAT MEANS THAT YOUR CITIZENS AND YOUR STAFF, CITY MANAGEMENT, ARE VALUING HOW DOES THE CITY FUNCTION DAY TO DAY FROM A BUILT ENVIRONMENT PERSPECTIVE.
THE GOOD NEWS IS YOU HAVE A LOT THAT'S ALREADY THERE THAT'S SOMEWHAT SPECIFIC, THAT GOES ACROSS GOALS FROM HOUSING TO TRANSPORTATION TO ECONOMIC DEVELOPMENT.
ONCE YOUR STRATEGY COMES INTO PLACE, YOUR ECONOMIC DEVELOPMENT STRATEGY, I THINK IT WILL BE NOT HARD TO MOVE INTO SMALLER LITTLE DISCUSSIONS AND PLANNING PROCESSES AROUND LITTLE PILOT PROJECTS AND THINGS THAT IMPLEMENT YOUR COMP PLAN, SPEAK TO QUALITY OF LIFE, BUT ARE ALSO IN REALITY IN THE BACKGROUND WORKING TOWARDS YOUR ECONOMIC DEVELOPMENT STRATEGY.
CITIES CAN LEAD AN URBAN DESIGN INNOVATION BY LEVERAGING YOUR EXISTING STREETS AND YOUR RIGHT OF WAY AS CATALYST FOR ECONOMIC DEVELOPMENT.
FOR EXAMPLE, THERE'S A LOT OF SMALL CITIES WHO USE HERITAGE AND HISTORIC TRAILS AS A WAY TO INCENTIVIZE AND ACTIVATE AREAS.
I FEEL LIKE THERE'S SOMETHING THERE THAT CAN BE LEVERAGED WITH AN ECONOMIC DEVELOPMENT STRATEGY AS YOU START LOOKING AT FIFTH STREET AND AT SACHSE ROAD.
THERE'S A LOT OF OPPORTUNITY THERE.
IT MAKES ME EXCITED FOR WHERE THIS PLAN IS HEADED AND THE OPPORTUNITIES THAT YOU HAVE.
IT'S NOT EXPENSIVE TO DO SMALL SCALE TYPE URBAN DESIGN WORK BECAUSE IT'S THE SPACE TO DO IT.
THAT'S THE MOST IMPORTANT PART AND YOU HAVE THAT WHEN YOU HAVE YOUR STREETS AND YOUR RIGHT OF WAY.
>> WHAT DO YOU MEAN BY RIGHT OF WAY? HELP MAKE SURE I'M UNDERSTANDING THAT CORRECTLY.
>> YEAH, SORRY. YOU HAVE YOUR EXISTING PAVEMENT OF STREETS AND SIDEWALKS, BUT THERE MAY BE ADDITIONAL SPACE THAT IS NOT IMPROVED.
IT'S JUST GRASSY OR SOMETHING THAT THE CITY STILL OWNS.
IT'S JUST NOT IMPROVED YET, BUT IT'S YOUR ASSET.
YOU MIGHT HAVE 50 FEET OF SPACE, BUT ONLY 30 FEET OF PAVEMENT.
>> I'LL GIVE AN EXAMPLE ANNIC IN THE FIFTH STREET DISTRICT.
OBVIOUSLY, ALEXANDER STREET HAS BEEN IMPROVED.
BUT THEN THERE'S BOONE STREET IN BILLINGSLEY STREET THAT ARE BOTH UNIMPROVED.
WE HAVE MORE RIGHT OF WAY THERE THAN WHAT WE'RE CURRENTLY USING.
IT'S JUST A TWO LANE UNIMPROVED STREET.
WHAT ANNIC IS REFERRING TO IS YOU COULD DO SIDEWALK TREATMENTS, WIDER SIDEWALKS FOR PEDESTRIAN PATHWAYS.
SHE SPOKE TO PILOT PROGRAMS. YOU'VE SEEN, PARTICULARLY DURING THE PANDEMIC, PEOPLE GOT CREATIVE RELATIVE TO OUTDOOR DINING AND UTILIZING PARKING LOTS FOR DIFFERENT TREATMENTS TO KEEP PEOPLE OUTSIDE THE SOCIAL DISTANCING THING.
THINK OF THOSE TWO STREETS BOONE AND BILLINGSLEY BETWEEN SACHSE ROAD AND FIFTH STREET AS BIG OPPORTUNITIES FOR US WITH RIGHT OF WAY AND SACHSE ROAD FOR THAT MATTER, UNIMPROVED STREET.
THEN, PARKING, I KNOW THAT YOU ALL HAVE TALKED A LOT ABOUT PARKING, ESPECIALLY AS IT PERTAINS TO OLD TOWN AND THE FIFTH STREET AREA, AND I AGREE THAT SOLVING THAT PUZZLE IN THE INTERIM IS GOING TO BE
[01:15:01]
KEY BECAUSE OF PERCEIVED AND REAL ISSUES WITH PARKING AS IT RELATES TO REDEVELOPMENT.THERE'S SOME IDEAS ON HOW YOU CAN USE YOUR RIGHT OF WAY AND WHAT HAVE YOU AROUND IN THE OLD TOWN AREA TO TRY TO UNLOCK THAT PARKING PUZZLE. [OVERLAPPING]
>> PEOPLE'S FRONT YARDS. WHAT ARE YOU TALKING ABOUT.
>> PEOPLE'S FRONT YARDS. THAT WORKS FINE.
>> OH, NO. THAT'S NOT RIGHT OF WAY.
[OVERLAPPING] THEN LASTLY, THERE'S A LOT OF TALK IN YOUR COMP PLAN, WHICH I ALSO AGREE WITH ON GATEWAY URBAN DESIGN TREATMENTS TO REALLY CONTINUE TO AND IMPROVE UPON SOLIDIFYING SACHSE AS A SEPARATE PLACE AND THAT, A BUSINESS IS LOCATING IN SACHSE AND NOT IN PLANO, AND THIS IS WHY SACHSE IS A PLACE.
THERE'S SOME IDEAS THAT ARE EMERGING IN SUPPORT OF THE ECONOMIC DEVELOPMENT PLAN RELATED TO WAY FINDING, COMMUNITY CHARACTER, AND REAFFIRMING COMMUNITY IDENTITY THAT I THINK WILL GO HAND IN HAND WITH YOUR ECONOMIC DEVELOPMENT STRATEGY.
THOSE ARE NINE BIG INSIGHTS AROUND THE INTEGRATED URBAN DEVELOPMENT STRATEGY.
>> ANNIC CAN I JUST SAY ONE THING REALLY QUICKLY?
>> ONE OF THE THINGS THAT ANNIC'S DONE WITH THIS WORK, AND I WANT TO MENTION THIS BECAUSE IT WAS A COMMENT THAT GINA MADE TO US WHEN WE WERE IN THE ROOM TOGETHER WHEN WE WERE WITH THE CITY MANAGEMENT CITY LEADERSHIP TEAM.
A LOT OF WHAT ANNIC IS TALKING ABOUT IS A REALLY IMPORTANT ELEMENT OF THE ECONOMIC DEVELOPMENT STRATEGY, WHICH SACHSE HASN'T DONE BEFORE, WHICH IS PLACEMAKING.
TO CHARACTERIZE THIS IS THAT IF YOU IMAGINE THAT WE'VE BEEN TALKING ABOUT GROWING AN INNOVATION BASED ECONOMY THAT ATTRACTS ALL THESE REALLY SMART PEOPLE, A LOT OF THE THINGS THAT ANNIC IS DOING HERE AND TALKING THEORY IS THE URBAN DESIGN ELEMENT THAT ALLOWS THAT THE URBAN DESIGN AND PLACEMAKING ASSETS THAT ACTUALLY TURNS SACHSE INTO A REALLY ATTRACTIVE PLACE, THAT MAKES IT A PLACE WHERE PEOPLE WANT TO BE STICKY AND SPEND TIME.
WE KNOW ECONOMIC DEVELOPMENT 101 IS THAT IF YOU CAN GET PEOPLE TO SPEND TIME IN YOUR COMMUNITY AND STICK IN YOUR COMMUNITY, AND HANG OUT IN YOUR COMMUNITY, THEY START TO BUILD AN AFFECTION TO THAT PLACE.
ALL OF THIS URBAN DESIGN STUFF REALLY IS HUGELY IMPORTANT TO ECONOMIC DEVELOPMENT.
I WOULD SAY THIS WILL BE A BIG PILLAR OF THE WORK THAT WE SUGGEST AS PART OF THE PLAN, WHICH IS THE PLACE MAKING EFFORTS.
I'LL SET UP NOW. ANNIC YOU'RE DOING A GREAT JOB.
>> THANK YOU FOR THAT, STEVEN.
GO TO THE NEXT SLIDE, AND I'M GOING TO GO TO JUST 1.3 TO MAKE THE POINT HERE IS THAT, TO YOUR POINT, STEVEN, AND AT THE END OF THE DAY, WHAT ARE WE GOING TO DO WITH THIS INFORMATION? WHAT CAN THE ECONOMIC DEVELOPMENT CORPORATION, WHAT CAN THE CITY DO WITH THIS INFORMATION? WE WANT TO LEAVE YOU BUILDING ON OUR INSIGHTS AND THEN EVENTUALLY RECOMMENDATIONS THAT CAN BE IMPLEMENTED INCREMENTALLY AT LOW COST, AND AT THE SPEED OF TRUST WITH YOUR COMMUNITY.
YOU'RE IMPLEMENTING YOUR COMP PLAN, YOU'RE IMPLEMENTING YOUR ECONOMIC DEVELOPMENT STRATEGIC PLAN, AND YOU'RE STARTING TO CREATE THESE REALLY NICE PLACES, QUALITY PLACES THAT CAME OUT LOUD AND CLEAR IN YOUR COMP PLAN, THAT SACHSE IS KNOWN FOR ITS QUALITY, NOT ONLY OF ITS SCHOOLS, BUT JUST GENERALLY, YOU WANT QUALITY DEVELOPMENT.
WHAT CAN THE CITY DO? WHAT CAN ECONOMIC DEVELOPMENT CORPORATION DO TO START TO CATALYZE THOSE THINGS.
I HAVE A LOT OF EXPERIENCE IN DOING QUICK, SMALL, INCREMENTAL WORK IN THE RIGHT OF WAY IN DIFFERENT CITIES, AND I'M EXCITED TO BE ABLE TO BRING THOSE INSIGHTS TO HELP YOU ALL OUT WITH YOUR ECONOMIC DEVELOPMENT STRATEGY.
NEXT SLIDE, I THINK WE TALKED THAT ONE TO DEATH.
SO UNLOCKING THE PARKING SITUATION, THE BIGGEST SICK WAY HERE FOR ME TO COMMUNICATE TO Y'ALL IS 3.2, WHICH RIGHT NOW, YOUR FORM BASED CODE TALKS ABOUT THE ABILITY TO BE FLEXIBLE.
IT'S PRETTY BROAD ABOUT HOW PARKING IS DONE.
MY RECOMMENDATION, MY INSIGHT IS TO GET MORE SPECIFIC, SPECIFICALLY AS IN OLD TOWN.
GEORGE BUTCH AREA IS A VERY DIFFERENT CONTEXT, AND THERE'S SOME THINGS TO DO THERE AS WELL.
BUT IF YOU'RE MORE SPECIFIC ON THE THINGS THAT YOU CAN DO, ONE, YOU'RE CREATING A CODE THAT YOU'RE TELLING THE DEVELOPER,
[01:20:04]
THIS IS WHAT YOU HAVE TO DO.YOU DON'T HAVE TO HAVE A BACK AND FORTH WITH STAFF IN ORDER TO GET YOUR SITE PLAN OR WHATEVER APPROVED.
IT GOES HAND IN HAND WITH PROCEDURAL ADVANTAGE, I'LL CALL IT, AS YOU START LOOKING AT CODE PROCESSES, THAT THING, WHICH SHOULD BE PART OF THE INCENTIVES TO ATTRACT THE BUSINESSES AND THE INDUSTRIES THAT YOU WANT TO ATTRACT.
IF A LENDER, AND OR A BUILDER, A DEVELOPER, A COMPANY IS LOOKING AT YOUR PARKING REGULATIONS, HAVING SPECIFIC RECOMMENDATIONS ON WHAT THEY CAN DO THAT WORKS FOR YOUR COMMUNITY, BUT ALSO WORKS FOR THEM, WILL HELP THE LENDER, WILL HELP THE DEVELOPER AND WON'T MAKE THEM SCARED TO COME DO A NON STANDARD, SO TO SPEAK, PARKING SITUATION IN SACHSE.
>> I GUESS THAT GOES RIGHT ALONG WITH TRYING TO MAKE IT EASIER TO DO BUSINESS WITH THE CITY DEVELOPER.
>> EXACTLY. A LOT OF, I THINK, BACK TO THE QUESTION, WHY SACHSE? I THINK THE LOWER BRANDS, ABSOLUTELY, BUT A REALLY GOOD PROCESS, NOT TO SAY THAT YOU DON'T HAVE A FAST PROCESS NOW.
BUT IT'S SOMETHING THAT DEFINITELY SHOULD BE LOOKED AT AS YOU START TO LOOK AT IMPLEMENTING AN ECONOMIC DEVELOPMENT STRATEGY, ESPECIALLY IN THE FORM BASED CODE AREAS, BECAUSE THEY CAN BE DAUNTING.
I READ IT, AND I UNDERSTAND IT, BUT I'VE BEEN READING CODE FOR 30 YEARS.
BUT I THINK IF YOU CAN GET VERY STRAIGHTFORWARD AND VERY SIMPLE AND MAKE IT EASY, IT'S GOING TO HELP.
ALL THESE LITTLE THINGS ARE GOING TO HELP.
THEN THE LAST IS MORE SPECIFICS ON THE GATEWAY TREATMENTS.
I DON'T WANT TO FORGET ABOUT OTHER AREAS OF YOUR 10 SQUARE MILES.
THERE'S PRESIDENT GEORGE BUSH TURNPIKE, FORM BASED CODE AREA.
THERE'S OLD TOWN. YOU HAVE THE 78 CORRIDOR, BUT YOU ALSO HAVE THESE OTHER AREAS, PARKWAY AND CODE.
ALL THESE OTHER LITTLE AREAS WITH SOME UNDEVELOPED LAND, AND THEY'RE ALSO GATEWAYS FROM COMING INTO THE CITY FROM DIFFERENT PLACES.
I THINK THOSE ARE WONDERFUL OPPORTUNITIES TO LOOK AT WHAT RIGHT OF WAY.
A LOT OF TIMES AT INTERSECTION OF STREETS, THERE'S ACTUALLY A LOT OF LAND THAT THE CITY OR THE STATE TEXTO MIGHT OWN.
JARED, YOU MIGHT JUMP IN HERE IN SOME OF THESE AREAS WHERE YOU COULD DO MONUMENT SIGNS OR YOU COULD DO SOME GATEWAY IMPROVEMENT THAT IS NOT EXPENSIVE AND CAN BE DONE QUICKLY AND START TO GET MORE MOMENTUM AS SACHSE AS A PLACE.
I THINK THAT IS IT FOR LAND USE AND URBAN DESIGN THUS FAR.
THAT'S WHAT WE KNOW THIS FAR. THANK YOU.
>> HEY YOU YOU GUYS MADE IT. THAT'S THE FULL PRESENTATION.
BUT YOURS WAS A SHORTENED VERSION FROM WHAT WE GAVE TO TINA.
>> YEAH, BECAUSE THEY'RE NERDS. WE'RE NOT.
>> YOU'VE ASKED A LOT OF GOOD QUESTIONS THOUGH.
>> FROM HERE, I GUESS WE GET A LITTLE MORE SPECIFIC AND START TO BUILD INTO THE RECOMMENDATIONS, IS THAT RIGHT?
>> YEAH. WHAT WE'VE DONE IS WE WILL TAKE THESE FOCUS AREAS AND WE WILL START BUILDING OUT MORE DETAILED STRATEGIES, NEXT STEPS.
WE EVEN GO SO FAR AS TO IDENTIFY WHICH OF THE MULTI YEARS WE THINK EACH STEP SHOULD BE PRIORITIZED.
IT CAN BE DAUNTING BECAUSE IT'LL BE A LOT OF RECOMMENDATIONS THAT WE THINK SHOULD BE PUT IN ACTION.
THE ONE THING I WOULD ENCOURAGE EVERYONE TO REMEMBER IS IT'S A MULTI YEAR STRATEGY.
THIS IS NOT ABOUT JARED DOING EVERYTHING ALL AT ONCE IN THE FIRST QUARTER OF 2026.
WE'RE GOING TO SPREAD THIS OUT OVER TIME.
WE'RE GOING TO LOOK FOR AREAS WHERE WE THINK WE CAN GET SOME QUICK WINS, AND THOSE THINGS THAT ARE LONG LEAD TIME.
WE MAY START THOSE IN YEAR 2 AND COMPLETE THEM IN YEAR 3 OR 4. MAKES SENSE?
>> IT DOES. THAT'S SOMETHING I GUESS THAT IS AN EDC BOARD ALONG WITH THE CITY COUNCIL SAYING, OKAY, HERE, YOU\RE USING YOUR RECOMMENDATIONS TO PRIORITIZE, AND THEN JOKING MAKE JARED'S PAY FOR NEXT YEAR BE CONTINGENT ON GETTING ALL OF IT DONE.
>> YEAH, THERE YOU GO. BUT NO, I THINK IT MAKES SENSE BECAUSE IT WILL BE DAUNTING TO LOOK AT ALL THOSE THINGS, BUT IF WE CAN THEN COME TOGETHER AND SAY, HERE'S THE RIGHT PRIORITY, IT GIVES A PATH TO RUN ON.
THAT MAKES A LOT OF SENSE TO ME.
>> JARED, WE'LL TURN IT BACK OVER TO YOU.
>> WELL, I THINK THE MAIN THING FOR THIS EVENING WAS THE PRESENTATION.
[01:25:03]
IF THERE ISN'T ANY MORE DISCUSSION AMONGST THE BOARD, I THINK THAT NEXT STEPS, STEVEN, WE'VE DISCUSSED, WOULD BE BACK HERE IN NOVEMBER AND THEN AT THE CITY COUNCIL MEETING IN DECEMBER FOR THE CITY COUNCIL TO DIGEST THIS INFORMATION.THEY'VE HAD ONE ON ONES WITH THE CONSULTANTS, BUT THEY'VE NOT MET AS A COUNCIL TO DISCUSS.
I BELIEVE THOSE WERE NEXT STEPS.
STEVEN, AM I MISSING ANYTHING?
>> YEAH, THAT'S RIGHT. I THINK WE'RE SET TO BE BACK WITH YOU GUYS MID NOVEMBER TO COME BACK WITH A FRAMEWORK.
THAT'S THE THING THAT LAURA SUGGESTED.
IT WON'T BE ALL OF THE RECOMMENDATIONS, BUT IT'LL BE OUR STRATEGIC IDEAS AND HOW WE'RE GOING TO LINE THOSE UP AROUND KEY GOALS.
THEN WE'LL DO THE SAME CONVERSATION WITH CITY COUNCIL ON DECEMBER 1, AND THEN WE'LL BUILD OUT A FULL REPORT AFTER THAT.
BUT WE'RE MOVING AT A PRETTY GOOD CLIP AS IT RELATES TO THE WORK.
>> WELL, THANK YOU GUYS VERY MUCH. WE APPRECIATE IT.
YES, IT'S A LOT, BUT IT HELPS TO UNDERSTAND THE DIRECTION WE'RE GOING, AND I REALLY APPRECIATE IT.
>> ANY OTHER QUESTIONS FROM YOU GUYS BEFORE WE TELL THEM TO GO AWAY.
[LAUGHTER] WELL, THANK YOU GUYS VERY MUCH. WE REALLY APPRECIATE IT.
>> GOOD TO SEE YOU. THANKS FOR HANGING IN THERE.
>> NO, THIS IS GREAT. THANK YOU VERY MUCH. REALLY APPRECIATE IT.
>> BYE Y'ALL. ANNIC GOOD TO SEE YOU.
LAURA, I SEE YOU ALL THE TIME.[LAUGHTER]
>> STEP AT A TIME. THAT'S GOOD.
[2. Receive any reports and presentations by the Sachse Economic Development Corporation President, Board Members, Executive Director, and staff regarding items of community interest; special events; announcements and activities; office, industrial, commercial, or retail business retention; and marketing projects.]
RECEIVING REPORTS OR PRESENTATIONS BY THE SACHSE ECONOMIC DEVELOPMENT CORPORATION, PRESIDENT, BOARD MEMBERS, EXECUTIVE DIRECTOR, AND STAFF, REGARDING LINES OF COMMUNITY INTEREST, SPECIAL EVENTS, ANNOUNCEMENTS, ACTIVITIES, ANYTHING RELATED TO OFFICE, INDUSTRIAL, COMMERCIAL, OR RETAIL BUSINESS, RETENTION, AND MARKETING PROJECTS.JARED, I'M GOING TO TURN THAT OVER TO YOU.
I'M GUESSING THERE'S A DIFFERENT SPOT THERE SOMEWHERE, NOW, WE'RE SEEING DIFFERENT SCREENS HERE. THERE IT GOES.
>> THERE YOU HAVE IT. I AM GOING TO TURN IT OVER TO MS LEWIS.
LET HER GIVE THE STAFF REPORT.
>> PERFECT. GOOD EVENING, MR. PRESIDENT AND BOARD MEMBERS.
I WILL BE PRESENTING THE STAFF REPORT TO YOU TONIGHT.
FIRST THING, LOCAL BUSINESS GRANT PROGRAM.
WE RECENTLY CELEBRATED WITH THE DORT CUSTOM AND COLLISION ON COMPLETING THEIR FACADE IMPROVEMENTS AND SOME CITY STAFF AND COUNCIL MEMBERS WERE THERE.
THIS IS JUST A PHOTO UP AND WE HAD THE BIG CHECK IN THE PICTURE.
THAT WAS REALLY A NICE MILESTONE TO JUST CONGRATULATE THE FIRST APPLICANTS.
OUR NEXT SACHSE FARMERS' MARKET IS NOVEMBER 8, AND CITY OFFICES ARE CLOSED, NOVEMBER 11.
OUR NEXT EDC BOARD MEETING IS NOVEMBER 20.
FOR SMALL BUSINESS SATURDAY, WE'RE DOING A FUN GIVEAWAY THROUGH SOCIAL MEDIA.
THIS WILL BE FOR ANY PERSON OR ANY RESIDENT WHO SHOPS AT A LOCAL SACHSE BUSINESS ON NOVEMBER 29.
THEY CAN SEND IN THEIR RECEIPTS TO THE SACHSE EDC, AND THEY'LL BE ENTERED INTO A RAFFLE FOR A CHANCE TO WIN A COOL PRIZE.
THAT'S COMING UP, AND THAT'LL BE REALLY FUN. THAT'S ALL FOR ME.
>> THANK YOU FOR HAVING THE EDC BOARD MEETING ON THE 20TH.
I WAS AFRAID IT'S A WEEK BEFORE.
I COULD BE OUT OF TOWN. IT'S LIKE GUYS NOT NOW.
WE'LL GO TO ITEM E. ADJOURNMENT.
WE WILL ADJOURN OUR MEETING AT 7:30 PM ON THE DOT.
THANK YOU ALL VERY MUCH.
* This transcript was compiled from uncorrected Closed Captioning.