HomeMy WebLinkAboutAgenda_GEDCO_10.21.2019Notice of Meeting for the
Georgetown E conomic Dev elopment Corporation
of the City of Georgetown
October 21, 2019 at 4:00 P M
at 808 Martin L uther K ing Jr Street, Georgetown, T X 78626
T he C ity of G eorgetown is committed to compliance with the Americans with Disabilities Act (ADA). If you
require as s is tance in partic ipating at a public meeting due to a disability, as defined under the ADA, reas onable
as s is tance, adaptations , or ac commodations will be provided upon request. P leas e c ontact the C ity S ec retary's
O ffic e, at leas t three (3) days prior to the sc heduled meeting date, at (512) 930-3652 or C ity Hall at 808 Martin
Luther King Jr. S treet, G eorgetown, T X 78626 for additional information; T T Y users route through R elay
Texas at 711.
Regular Session
(T his R egular S es s ion may, at any time, be rec es s ed to c onvene an Exec utive S es s ion for any purpose
authorized by the O pen Meetings Act, Texas G overnment C ode 551.)
A C ons ideration and approval of the minutes for the G eorgetown Ec onomic Development C orporation
Meeting held on Augus t 19, 2019--Hugh Brown, S ec retary
B C ons ideration of the S eptember 30, 2019 financial report.--Leigh Wallace, F inanc e Manager, G EDC O ,
F inanc e Direc tor, C O G .
C 2030 C omprehens ive P lan Update – S ofia Nels on, P lanning Director
D Disc ussion and possible action regarding the S taff R eport – David Morgan, C ity Manager
• P erformance Agreement R eport
• Activity R eport
• O ther S taff Items
E Ec onomic Development S trategic P lan Update – Michaela Dollar, Economic Development Director
F Ac tion out of Executive S ession
E xecutiv e Session
In c omplianc e with the O pen Meetings Ac t, C hapter 551, G overnment C ode, Vernon's Texas C odes,
Annotated, the items listed below will be dis cus s ed in c los ed session and are s ubjec t to action in the regular
s es s ion.
G Sec. 551.071: C ON S ULTAT ION WIT H AT TOR N E Y
C ons ultation with attorney regarding legal is s ues related to agenda items and other matters in whic h (1)
when the governmental body s eeks the advice of its attorney about: (A) pending or c ontemplated litigation;
or (B) a settlement offer; or (2) on a matter in whic h the duty of the attorney to the governmental body
under the Texas Dis ciplinary R ules of P rofessional C onduc t of the S tate Bar of Texas c learly conflicts
with this chapter - C harlie Mc Nabb, C ity Attorney
H Section 551.072. D E LIB E R AT ION R E G AR D IN G R E AL P R O P E RT Y
Disc ussion and possible action to deliberate the purchas e,exchange, leas e or value of real property for
purpos es authorized by the Development C orporation Act whic h dis cus s ion in open s es s ion would have a
detrimental effec t on negotiations with third persons .
Page 1 of 55
I Section 551.087. D E LIB E R AT ION R E G AR D IN G E C ON O MIC D E VE LOP ME N T
N E G O T IAT IO N S.
Deliberation regarding commerc ial or financial information that the c orporation has rec eived from a
bus iness pros pect that the G eorgetown Economic Development C orporation seeks to have locate, s tay,
or expand in or near the territory of the C ity of G eorgetown and with whic h the C orporation is c onducting
ec onomic development negotiations ; and/or deliberation regarding the offer of a financial or other inc entive
to a busines s prospec t that the C orporation s eeks to have loc ate, stay, or expand in or near the territory of
the C ity of G eorgetown.
-P rojec t Big C
Adjournment
Adjourn meeting
Ce rtificate of Posting
I, R obyn Densmore, C ity S ecretary for the C ity of G eorgetown, Texas, do hereby c ertify that this Notic e of
Meeting was posted at C ity Hall, 808 Martin Luther King Jr. S treet, G eorgetown, T X 78626, a plac e readily
acc es s ible to the general public as required by law, on the _____ day of _________________, 2019, at
__________, and remained s o posted for at leas t 72 c ontinuous hours prec eding the s cheduled time of said
meeting.
__________________________________
R obyn Dens more, C ity S ec retary
Page 2 of 55
City of Georgetown, Texas
Georgetown Economic Development Corporation
October 21, 2019
S UB J E C T:
C onsideration and approval of the minutes for the G eorgetown Economic Development C orporation
Meeting held on August 19, 2019--Hugh Brown, S ecretary
IT E M S UMMARY:
F IN AN C IAL IMPAC T:
N/A
S UB MIT T E D B Y:
Amy Mertink, Board Liais on
AT TAC H ME N T S:
Description Type
Augus t minutes Backup Material
Page 3 of 55
GEDCO Minutes
August 19, 2019
Page 1 of 1
Minutes of the Meeting of the
Georgetown Economic Development Corporation
City of Georgetown, Texas
August 19, 2019
The Georgetown Economic Development Corporation of the City of Georgetown, Texas, met on Monday August 19, 2019.
Members
Present: Steve Bohnenkamp, Tom Menke, Kevin Cummins, Hugh Brown, Valerie Nicholson, Ron Garland
Members
Absent: Steve Fought
Staff
Present:
David Morgan, City Manager; Michaela Dollar, Director of Economic Development; Kim McAuliffe,
Downtown Manager; Paul Diaz, Budget Manager; Laci Grobler, Sr Accountant; Amy Mertink, Finance
Admin; Conchita Gusman, Business Retention and Expansion Program Manager; Jennifer Schoenradt,
Special Events & Marketing Coordinator
Guest
Present:
MINUTES
Call to Order at 4:01 pm
A. Consideration and approval of the minutes for the Georgetown Economic Development Corporation
Meeting held on Wednesday July 10, 2019--Hugh Brown, Secretary
Motion to approve by Ron Garland, 2nd by Kevin Cummins. Approved 5-0 (Valerie Nicholson absent for the vote).
B. Consideration of the July 31, 2019 financial report.--Leigh Wallace, Finance Manager, GEDCO, Finance
Director, COG.
Paul Diaz reviewed the financial reports. He also explained the sales tax info that the city receives and analyzes. No
voting needed.
C. Discussion and possible action regarding the Staff Report – David Morgan, City Manager
• Performance Agreement Report
• Activity Report
• Other Staff Items
Michaela Dollar reviewed the performance agreement report. Michaela Dollar also reviewed the activity report. Steve
Bohnenkamp gave an update on the Workforce Development Alliance. No voting needed.
-----GEDCO entered into Executive Session at 4:55 pm and returned to Regular Session at 5:27 pm-----
D. Action out of Executive Session.
Motion to approve incentives for Project Cat as discussed in executive session by Hugh Brown, 2nd by Ron Garland,
approved 6-0.
Motion to approve incentives for Project Fish as discussed in executive session by Kevin Cummins, 2nd by Tom Menke,
approved 6-0.
Motion to approve incentives for Project Wafer as discussed in executive session by Tom Menke, 2nd by Steve
Bohnenkamp, approved 6-0.
Meeting adjourned at 5:30
Attest:
Hugh Brown, Secretary Steve Bohnenkamp, President
Page 4 of 55
City of Georgetown, Texas
Georgetown Economic Development Corporation
October 21, 2019
S UB J E C T:
C onsideration of the S eptember 30, 2019 financ ial report.--Leigh Wallac e, F inance Manager, G EDC O ,
F inance Director, C O G .
IT E M S UMMARY:
T he c orporate bylaws require the F inance Manager to pres ent the monthly financ ial reports to the Board.
Included in these reports will be:
•F inanc ial reports
•S ales Tax revenues
•Monthly expenditures
•Any other relevant financ ial information
S ales tax revenue is two months in arrears ; therefore the revenues reflect only the amount rec eived, not
actually earned, as of the report date. A report on payments made to vendors in the month of July is also
inc luded.
F IN AN C IAL IMPAC T:
N/A
S UB MIT T E D B Y:
Leigh Wallace, F inanc e Direc tor
AT TAC H ME N T S:
Description Type
Financials Backup Material
Page 5 of 55
GEDCO Board Meeting Date: October 21, 2019 Item No. __________
GEORGETOWN ECONOMIC DEVELOPMENT CORPORATION
AGENDA ITEM COVER SHEET
_________________________________________________________________
SUBJECT:
Consideration of the September 30, 2019 financial report. Leigh Wallace, Finance
Manager, GEDCO, Finance Director, COG.
_________________________________________________________________
ITEM SUMMARY:
The corporate bylaws require the Finance Manager to present the monthly financial
reports to the Board. Included in these reports will be:
•Financial reports
•Sales Tax revenues
•Monthly expenditures
•Any other relevant financial information
Sales tax revenue is two months in arrears; therefore the revenues reflect only the amount
received, not actually earned, as of the report date. A report on payments made to
vendors in the month of September is also included.
ATTACHMENTS:
Monthly Financial Report
Sales Tax History
SUBMITTED BY:
Leigh Wallace
Finance Manager, GEDCO
Finance Director, COG
Page 6 of 55
APPROVED
BUDGET CURRENT PERIOD
YEAR TO DATE
(W/ENCUMB)
YEAR-END
PROJECTION
YEAR-END
VARIANCE
FAV(UNFAV)
% YEAR-END
VARIANCE
FAV(UNFAV)
BEGINNING FUND BALANCE 6,853,073 6,853,073 6,972,637 (119,564.00) -1.71%
OPERATING REVENUES
Interest 40,300 14,494 178,542 119,000 59,542 50.04%
Sales Tax 1,768,275 146,173 1,531,050 1,859,375 (328,325) -17.66%
OPERATING REVENUES Total 1,808,575 160,668 1,709,592 1,978,375 (268,783) -13.59%
OPERATING EXPENDITURES
Joint Services Allocation 238,622 19,885 238,622 238,622 (0) 0.00%
Miscellaneous Expense 50 - - 50 50 100.00%
Promotional & Marketing Program 100,000 14,997 97,324 100,000 2,676 2.68%
Special Services 30,000 12,493 12,843 30,000 17,157 57.19%
Travel & Training 500 - - - - 0.00%
OPERATING EXPENDITURES Total 369,172 47,375 348,789 368,672 19,883 5.39%
TOTAL NET OPERATIONS 1,439,403 113,293 1,360,803 1,609,703 248,900 15.46%
NON-OPERATING EXPENDITURES
Principal Reduction 80,568 - - 80,568 80,568 100.00%
Debt Service 205,069 120 205,189 205,069 (120) -0.06%
Interest Expense 23,157 - - 23,157 23,157 100.00%
Atmos Energy 146,096 - 151 225,000 224,849 99.93%
DisperSol 50,000 - 30,000 30,000 - 0.00%
Economic Development Projects -Undetermined 7,000,517 - - - - 0.00%
Holt Cat 185,000 - - - - 0.00%
Radiation Detection Company 150,000 - - - - 0.00%
NON-OPERATING EXPENDITURES Total 7,840,407 120 235,340 563,794 328,454 58.26%
TOTAL NET NON-OPERATIONS (7,840,407) (120) (235,340) (563,794) (328,454) 58.26%
EXCESS (DEFICIENCY) OF TOTAL REVENUE OVER TOTAL
REQUIREMENTS (6,401,004) 113,173 1,125,463 1,045,909 79,554 7.61%
ENDING FUND BALANCE 452,069 7,978,536 8,018,546 (40,010) -0.50%
Georgetown Economic Development Corporation Fund
Year-End Projection to Approved: Preliminary Sep FY2019
Page 7 of 55
As of September
30, 2019
Georgetown Economic Development Corporation
Sales Tax History
Variance % Var.
MONTH [a]2014-15 2015-16 2016-17 2017-18 2018-19 To FY 17 To FY 17
October 98,094$ 106,050$ 114,748$ 124,478$ 159,033$ 34,555$ 27.76%
November 102,891 112,766 125,214 127,063 135,079 8,016$ 6.31%
December 143,774 148,200 160,542 162,940 171,066 8,126$ 4.99%
January 87,695 96,563 110,006 115,291 126,985 11,694$ 10.14%
February 89,107 108,117 105,556 133,797 134,421 624$ 0.47%
March 123,951 133,492 137,301 158,112 168,168 10,056$ 6.36%
April 102,671 108,977 117,261 135,036 155,962 20,926$ 15.50%
May 95,699 120,418 125,188 148,761 159,422 10,661$ 7.17%
June 130,589 142,767 151,484 157,313 164,254 6,941$ 4.41%
July 108,994 119,534 154,889 143,616 168,692 25,076$ 17.46%
August 102,888 132,582 122,847 142,154
September 125,201 135,378 143,897 154,864
Total 1,311,554$ 1,464,844$ 1,568,933$ 1,703,425$ 1,543,082$
YTD 843,882 934,583 995,816 1,105,478 1,210,136 104,658 9.47%[b]
Notes:
[a]Sales tax revenue from the State Comptroller is received two months in arrears.
[b]YTD compared through current month.
$-
$20,000
$40,000
$60,000
$80,000
$100,000
$120,000
$140,000
$160,000
$180,000
Re
v
e
n
u
e
s
Sales Tax 3 Year Trend
2016-17
2017-18
2018-19
Page 8 of 55
GEORGETOWN ECONOMIC DEVELOPMENT CORPORATION
CHECKS WRITTEN REPORT
FOR THE MONTH OF September 2019
Promo & Marketing Programs
‐ Hines Georgetown Hotel LLC $ 10,000.00
‐ Accolades International, INC $ 2,985.00
‐ Solutions, ETC $ 2,012.08
Draft Fees:
‐ Bank of New York Trust Company $ 750.00
Page 9 of 55
City of Georgetown, Texas
Georgetown Economic Development Corporation
October 21, 2019
S UB J E C T:
2030 C omprehensive P lan Update – S ofia Nelson, P lanning Direc tor
IT E M S UMMARY:
F IN AN C IAL IMPAC T:
N/A
S UB MIT T E D B Y:
S ofia Nelson, P lanning Direc tor
Page 10 of 55
City of Georgetown, Texas
Georgetown Economic Development Corporation
October 21, 2019
S UB J E C T:
Dis cus s ion and pos s ible ac tion regarding the S taff R eport – David Morgan, C ity Manager
• P erformanc e Agreement R eport
• Ac tivity R eport
• O ther S taff Items
IT E M S UMMARY:
T he G EDC O Board has requested that staff provide a project progres s and status report at eac h meeting
on all of the ac tive projec ts dis cus s ed by the Board.
F IN AN C IAL IMPAC T:
N/A
S UB MIT T E D B Y:
David Morgan, C ity Manager
AT TAC H ME N T S:
Description Type
Activity Report Backup Material
Performance Agreement Status Report Backup Material
Page 11 of 55
Economic Development
Activity Report
October 2019
Page 12 of 55
Strategic Goal 1
Support existing businesses
and industries
Page 13 of 55
0
5
10
15
20
25
30
35
40
Oc
t
1
8
No
v
1
8
De
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1
8
Ja
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1
9
Fe
b
1
9
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1
9
Ap
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1
9
Ma
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1
9
Ju
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1
9
Ju
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1
9
Au
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1
9
Se
p
1
9
Business Retention Activity
Visits Assistance Requests Touches
Page 14 of 55
Additional BRE Activity
•Breakfast Bites & Downtown Lowdown –
September 11
•Business Appreciation Lunch & Bowl
•Georgetown Major Employers & GISD
Twelve@12
•Sen.Schwertner visit with KJ Scientific
•Airborn Annual ESOP event
Page 15 of 55
Strategic Goal 2
Enhance targeted recruitment
of identified industries
Page 16 of 55
0
2
4
6
8
10
12
14
16
Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep
Leads
FY17 FY18 FY19 Rolling 12-Month Average
Page 17 of 55
0
2
4
6
8
10
12
14
16
Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep
Qualified Leads
FY17 FY18 FY19 Rolling 12-Month Average
Page 18 of 55
0
1
2
3
4
5
6
7
8
9
10
Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep
Site Visits
FY17 FY18 FY19 Rolling 12-Month Average
Page 19 of 55
Recruitment Activity
•Participated in SIOR with the WilCo EDP –
October 16-18
•Lead generation consultant
Page 20 of 55
Strategic Goal 3
Diversify workforce development
and recruitment initiatives
Page 21 of 55
Workforce Development Activity
•College & Career Readiness Fair –
September 24
•Major Employers & GISD meeting –
September 25
•Workforce Services Rural Capital Area
ribbon cutting –September 30
•Manufacturers Day –October 4
Page 22 of 55
Strategic Goal 4
Encourage speculative
development
Page 23 of 55
Speculative Development Activity
•Continuing to see interest in speculative
projects, mostly industrial
•Working with existing projects through
development process
Page 24 of 55
Overall Objective
Tell our story to a
broader local audience
Page 25 of 55
Other Activity
•Planning the WilCo EDP Site Selector event
•Finalizing Symposium details
•Launched “Georgetown Works” campaign
•Completing the Community Profile update
•Website deep clean with new, updated
content and pictures
Page 26 of 55
Economic Indicators
Page 27 of 55
-
200
400
600
800
1,000
1,200
$-
$50.0
$100.0
$150.0
$200.0
$250.0
$300.0
$350.0
$400.0
Se
p
1
8
Oc
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1
8
No
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1
8
De
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1
8
Ja
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1
9
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1
9
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1
9
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9
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1
9
Ju
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1
9
Ju
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1
9
Au
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1
9
Se
p
1
9
Construction Permit Applications
Valuation
(in millions)
# of Permits
Page 28 of 55
0
2
4
6
8
10
12
14
16
Se
p
1
8
Oc
t
1
8
No
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1
8
De
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1
8
Ja
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9
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9
Ma
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1
9
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1
9
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1
9
Ju
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e
1
9
Ju
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1
9
Au
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1
9
Se
p
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1
9
Certificates of Occupancy Issued
Page 29 of 55
$-
$500,000
$1,000,000
$1,500,000
$2,000,000
$2,500,000
$3,000,000
Oc
t
No
v
De
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Ja
n
Fe
b
Ma
r
Ap
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Ma
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Ju
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Ju
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Au
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Se
p
Sales Tax Collections
FY 2017 FY 2018 FY 2019
Page 30 of 55
0.0%
0.5%
1.0%
1.5%
2.0%
2.5%
3.0%
3.5%
4.0%
4.5%
Se
p
1
8
Oc
t
1
8
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v
1
8
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1
8
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1
9
Ma
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1
9
Ju
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1
9
Ju
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y
1
9
Au
g
1
9
Unemployment Rate
Page 31 of 55
Name Description Start Date (Council
Approved)End Date $ Encumbered $ Expended
GEDCO - AGREEMENTS STATUS REPORT
October 21, 2019
KJ Scientific (KJS)Provide a grant of the equipment obtained in the
TLCC brand acquisition to KJ Scientific (KJS) to
retain the business in Georgetown.The retention
equipment grant is for five years with KJS obligated
to pay a pro-rated amount of $10,000 per year
should they relocate outside of the City.
2/27/2018 12/31/2022 $ 50,000 $ 50,000.00
Holt Caterpillar GEDCO to provide up to $360,000
infrastructure grant for fire suppression system
pump house installation
9/10/2019 360,000$
Georgetown Development I, LLC Infrastructure reimbursement grant of $500,000 for
qualified expenditures related to the development
of 90,000 SF of speculative business park space in
Georgetown at the Westinghouse Business Center.
10/9/2018 6/1/2021 500,000$
WBW Development Infrastructure reimbursement grant of $200,000 for
qualified expenditures and a $120,000 job creation
grant for the creation of 30 jobs over 6 years
related to the development of their headquarters
location in Downtown Georgetown.
2/12/2019 within 6 years of
the certificate of
occupancy date
320,000$
Confido III, LLC Infrastructure reimbursement grant for $600,00 to
assis with construction of an access road and turn
lane to maintain access to the Georgetown airport
as area land development continues.
3/8/2019 3/31/2022 600,000.00$
Sedro Crossing Infrastructure reimbursement grant of $250,000 to
assist with utilities and access points for
construction of 170,000 square feet of new
professional office space on Williams Dr.
3/26/2019 12/31/2023 250,000.00$
Atmos Energy Infrastructure reimbursement grant of $148,499.36
for the installation of 776 feet gas main along 7th,
8th, and 9th streets.
4/6/2019 148,499.36$
Page 32 of 55
City of Georgetown, Texas
Georgetown Economic Development Corporation
October 21, 2019
S UB J E C T:
Economic Development S trategic P lan Update – Mic haela Dollar, Ec onomic Development Direc tor
IT E M S UMMARY:
F IN AN C IAL IMPAC T:
N/A
S UB MIT T E D B Y:
Mic haela Dollar, Ec onomic Development Direc tor
AT TAC H ME N T S:
Description Type
Strategic Plan Update Backup Material
Page 33 of 55
Economic
Development
STRATEGIC PLAN UPDATE 2019
Page 34 of 55
Background
Fast-paced growth residentially and
commercially
Prior studies:
•Retail Market Study (2016)
•Workforce Analysis (2017)
•Target Industry Analysis (2017)
Time for a strategic plan
Adopted by council January 2018
Page 35 of 55
Community Involvement
Georgetown City Council
Georgetown Economic Development
Corporation
Georgetown Main Street Advisory Board
Georgetown City Manager’s Office
Georgetown Department Directors
Georgetown Economic Development Staff
Georgetown Chamber of Commerce Board
Georgetown Development Alliance
Georgetown Active Retiree Focus Group
Page 36 of 55
Summary
City Council Vision
Georgetown: A caring community honoring our past and
innovating for the future
Economic Development Mission
To purposefully support a business friendly environment
where companies can and want to grow
Our Strategy
Overarching Goal: Tell our story to a broader local audience.
Strategic Goal 3: Diversify workforce
development and recruitment initiatives.
Strategic Goal 1: Support existing
businesses and industries.
Strategic Goal 4: Encourage speculative
development.
Strategic Goal 2: Enhance targeted
recruitment of identified industries.
Page 37 of 55
Opportunities
Business Climate
Georgetown is increasingly viewed as an attractive and affordable location
Proactively supportive of growing new businesses
Large manufacturing sector
Surprisingly strong maker culture
Commitment to renewable energy resources
Workforce
Wealth of talent
A labor force of 700,000 workers
Large veteran population
Education
Retired residents
Others
Location along Interstate 35 and Toll 130
High quality of life
Page 38 of 55
Challenges
Growth
Extremely low unemployment rate
Low vacancy rates, limiting options for companies looking for existing
space
Perception
Perception of Georgetown as solely a retirement community
Viewed as being “too far north”
Page 39 of 55
Our Vision & Mission
City Council’s Vision
Georgetown: A caring community preserving our
past and innovating for the future
Economic Development’s Mission
To purposefully support a business-friendly
environment where companies can and want to
grow
Page 40 of 55
What is business-friendly?
Predictable
Solution-oriented
Culture of consistency
Collaboration
Problem solving
Does NOT mean saying “yes” to every request
Page 41 of 55
Strategic Goal 1
Support existing businesses and industries
1.Build strong relationships with businesses through the
business retention and expansion program visits.
2.Enhance industry cluster groups.
•Manufacturers Alliance
•Healthcare Alliance
3.Continue to develop and refine the Breakfast Bites event
for downtown stakeholders.
4.Grow the Annual Business Appreciation event.
Page 42 of 55
Strategic Goal 1 Cont.
5.Create a resource for small businesses and entrepreneurs.
•Explore a Small Business Grant Program with the Georgetown
Chamber
•Publish a Small Business Resource Guide
•Create a Small Business Resource Event/Workshops
6.Enhance the program’s online presence and develop a
printed marketing piece.
7.Organize semi -annual industry tours with economic
development stakeholders.
8.Create a Georgetown Works social media campaign to
highlight local employers
Page 43 of 55
Strategic Goal 2
Enhance targeted recruitment of identified
industries
1.Work to grow and locate companies in Georgetown to
create jobs.
•Create targeted outreach campaigns for advanced
manufacturing, life sciences, professional services, and retail
development
2.Continue developing and maintaining relationships with
businesses, site selectors, brokers, developers, and land
owners.
3.Create a signature commercial broker event.
4.Enhance our online presence.
5.Explore an independent recruitment/site selector trip.
Page 44 of 55
Strategic Goal 3
Diversify workforce development and recruitment
initiatives.
1.Develop a stronger relationships with educational
institutions that serve Georgetown’s workforce.
•Continue involvement in GISD HS career fair and job readiness
program
•Continue involvement in Manufacturing Day
•Support a relationship between GISD and local employers
2.Tap into the veteran population in Georgetown’s northern
labor shed.
•Continue Veterans & Military Spouses Job Fair in Georgetown
•Look to partner an on-site event at Fort hood
Page 45 of 55
Strategic Goal 3 Cont.
3.Work to make Georgetown more desirable and well-
known to young professionals.
•Maintain involvement in the Georgetown Young Professionals group
4.Utilize partnerships to aid in the creation of an
apprenticeship program framework.
5.Create an executive relocation portal.
6.Better engage active retirees in existing programs.
Page 46 of 55
Strategic Goal 4
Encourage speculative development.
1.Evaluate incentive programs for speculative development.
2.Identify and vet available land favorable for development.
Page 47 of 55
Over-Arching Objective
Tell our story to a broader local audience.
1.Continue to grow the Annual Economic Development
Symposium.
2.Grow the quarterly Twelve@12 roundtable program.
3.Utilize the annual Swirl event to promote Georgetown.
4.Continue to participate in regional partnerships.
5.Develop a quarterly newsletter.
6.Continue monthly reporting to GEDCO & City Council.
Page 48 of 55
Over-Arching Objective
Cont.
7.Create a craft beer event to promote Georgetown to a new
audience.
8.Work to maintain the “Small Town Charm” identified in the
2030 Comp Plan Update.
•Promote the Façade & Sign Grant program for downtown properties
•Work to recruit/retain businesses that are consistent with the Downtown Master Plan
•Promote Georgetown through Small Business Saturday
Page 49 of 55
Economic
Development
STRATEGIC PLAN UPDATE 2019
Page 50 of 55
City of Georgetown, Texas
Georgetown Economic Development Corporation
October 21, 2019
S UB J E C T:
Action out of Exec utive S es s ion
IT E M S UMMARY:
F IN AN C IAL IMPAC T:
T BD
S UB MIT T E D B Y:
C harlie Mc Nabb, C ity Attorney
Page 51 of 55
City of Georgetown, Texas
Georgetown Economic Development Corporation
October 21, 2019
S UB J E C T:
S ec. 551.071: C O N S ULTAT IO N WIT H AT TO R N E Y
C onsultation with attorney regarding legal issues related to agenda items and other matters in which (1)
when the governmental body seeks the advic e of its attorney about: (A) pending or contemplated litigation;
or (B) a s ettlement offer; or (2) on a matter in which the duty of the attorney to the governmental body
under the Texas Disc iplinary R ules of P rofes s ional C onduct of the S tate Bar of Texas clearly c onflic ts
with this c hapter - C harlie Mc Nabb, C ity Attorney
IT E M S UMMARY:
F IN AN C IAL IMPAC T:
N/A
S UB MIT T E D B Y:
C harlie Mc Nabb, C ity Attorney
Page 52 of 55
City of Georgetown, Texas
Georgetown Economic Development Corporation
October 21, 2019
S UB J E C T:
S ection 551.072. D E LIB E R AT IO N R E GAR D IN G R E AL P R OP E RT Y
Dis cus s ion and pos s ible ac tion to deliberate the purc hase,exc hange, lease or value of real property for
purposes authorized by the Development C orporation Ac t which disc ussion in open session would have a
detrimental effect on negotiations with third pers ons.
IT E M S UMMARY:
F IN AN C IAL IMPAC T:
N/A
S UB MIT T E D B Y:
C harlie Mc Nabb, C ity Attorney
Page 53 of 55
City of Georgetown, Texas
Georgetown Economic Development Corporation
October 21, 2019
S UB J E C T:
S ection 551.087. D E LIB E R AT IO N R E GAR D IN G E C O N OMIC D E VE LO P ME N T
N E GOT IAT ION S .
Deliberation regarding c ommercial or financ ial information that the corporation has received from a
busines s prospec t that the G eorgetown Ec onomic Development C orporation s eeks to have loc ate, stay, or
expand in or near the territory of the C ity of G eorgetown and with whic h the C orporation is c onducting
economic development negotiations; and/or deliberation regarding the offer of a financ ial or other incentive
to a bus iness pros pect that the C orporation seeks to have locate, s tay, or expand in or near the territory of
the C ity of G eorgetown.
-P roject Big C
IT E M S UMMARY:
F IN AN C IAL IMPAC T:
N/A
S UB MIT T E D B Y:
C harlie Mc Nabb, C ity Attorney
Page 54 of 55
City of Georgetown, Texas
Georgetown Economic Development Corporation
October 21, 2019
S UB J E C T:
Adjourn meeting
IT E M S UMMARY:
F IN AN C IAL IMPAC T:
N/A
S UB MIT T E D B Y:
Amy Mertink, Board Liais on
Page 55 of 55