Item 6A - SPIN ReportUSOUTHLAKE
SPIN MEETING REPORT
SPIN Item Number: SPIN2020-22
City Case Number: CP20-0002
Project Name: Addendum to Southlake 2035 Economic Development Master Plan
SPIN Neighborhood: City-wide
Meeting Date: October 27, 2020
Meeting Location: Virtual
Total Attendance: Virtual
Host: Jerod Potts, Policy & Strategic Initiative Principal Planner
Applicant(s) Presenting: Daniel Cortez, Director of Economic Development & Tourism
City Staff Present: Jerod Potts, Policy & Strategic Initiative Principal Planner
Town Hall Forums can be viewed in their entirety by visiting http://www.cityofsouthlake.com and clicking on "I Want
to" and "View" "Video on Demand" — forums are listed under SPIN by meeting date.
FORUM SUMMARY:
Proposal:
The City of Southlake is proposing an addendum to the existing Southlake 2035 Economic
Development Master plan, adding recommendations to the existing plan, many of which focus on
economic recovery.
Proposal Details:
2035 Economic Development Master Plan (Focus Areas)
• Improving existing services
• Establishing target industries
• Business retention and expansion initiatives
• Economic incentives
• Evaluation of current market
• Implementation of new customer focused services
• Engaging with citizens and the public
2035 Economic Development Master Plan Addendum (Focus Areas)
• Emphasis on economic recovery
• Assessing business impacts — post pandemic
• Direct support to commercial centers
• Workforce training and support for businesses
• Re-evaluating target industries
• Evaluating City regulations
• Enhanced communication and marketing efforts
Economic Recovery Strategic Goals
• Grow the Economy
o Tax and employment base growth
o Attracting investment of private capital to grow jobs, create opportunities, and
increase the tax revenue
• Improve Local Economic Health
• Elevate the Southlake Brand and Value Proposition
• Promote Tourism
o Southlake great place to visit for shopping, dining, recreation, and overnight stays
• Collaborate for Success — between business community and the City
• Support Businesses
Southlake Market (Business Attraction) - 7 Recommendations
• Identify centers, businesses, and industries most impacted
• Partnerships with businesses to provide entrepreneurial education
• Identify workforce needs and support workforce training and educational needs
• Re-evaluate and understand market for target industries
Investment of Public Funds — 7 Recommendations
• Small business grant program and hotel marketing grants
• Information regarding federal, state, and county business programs
• Identify local ordinances for short-term relief and long-term modification
• Enhanced permitting services — web -based and virtual
Business Retention & Expansion — 10 Recommendations
• Leverage business expertise from CEDC as advisory board and ECRT as industry
representatives
• Survey businesses during and post pandemic environment
• Identify and provide enhanced online services for businesses
• Engagement opportunities for business
Communication, Marketing and Public Relations — 11 Recommendations
• Implementation of strategic marketing and communication plan
• Publishing of newsletter, redesigned New Biz List and showcasing of properties
• Produce a video library supporting emphasizing premier location, workforce and world
class business community
• Implement a Now Open campaign for regional, national, and international visitors
supporting businesses and inspiring travel
Adoption Timeline
September 2020: CEDC Feedback
October 2020: SPIN Meeting/Community Input
November 2020: CEDC & P&Z Consideration
December 2020: City Council Approval
Presentation:
16.0%
14.0%
12.0%
10.0%
9.0%
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Focus
AREAS
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• Improving existing services
• Establishing target industries
• Business retention and
expansion initiatives
• Economic incentives
• Evaluation of current market
• Implementation of new
customer focused services
• Engaging with citizens and
\\ � the public
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• Emphasis on economic recovery
• Assessing business impacts - post
pandemic
• Direct support to commercial
centers
• Workforce training & support for
businesses
• Re-evaluating target industries
• Evaluating City regulations
• Enhanced communication and
marketing efforts r
SE E
�.�CT
— -- UTHLAKE
ECONOMIC RECOVERY
STRATEGIC GOALS
Grow the Economy:
Achieve economic prosperity through tax
and employment base growth, attracting
investment of private capital into our
economy that grows jobs, creates
opportunity, increases tax revenue.
Elevate the Southlake Brand and
Value Proposition:
Southlake is recognized as a vibrant
community where businesses thrive.
Improve Local Economic Health
These economic_ health metrics will
equal or exceed pre-COVID19 levels:
• Foreclosure rates
Sales tax revenue
• Commercial occupancy
VIsaVue_.sales data
(office, retail, industrial)
Employment
• Commercial permits
Daytime papulation
• New business openings
• Hotel occupancy
• Business survival rates
Hotel ADR
7
Promote Tourism:
Southlake is recognized, both nationally
and regionally, as a great place to visit for
shopping, dining, recreation and overnight
stays.
Collaborate for Success:
The business community, in partnership
with the City, will nurture the growth and,
prosperity of Southlake businesses.
Support Businesses
are relevant, helpful, welcom
delivered in a timely manner wi'
customer service.
Southlake Market (Business Attraction)
Investment of Public Funds
/ - ordinances
�► -
marketing grants.`long-term
Information regarding 0 Enhanced permittingn
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nCO3`Illrillll virtual
ORecommenclations
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•
l�vr Leverage business
expertise from CEDC as
advisory board and ECRT
as industry representatives
c
p� Survey businesses during
�= and post pandemic
environment
�i� Recommendations ���
POW
Expansion
C Identify and provide
41 enhanced online services
for businesses (era. BRC,
data analysis, open
communication)
Engagement opportunities
for business (e.a. virtual,
business spotlight,
special occasions)
Produce a video library
Implementation of strategic supporting emphasizing
0000 marketing and premier location, workforce
0000 communication Ian
❑ ❑ ,� p and world class business
community
NEMS Publishing of newsletter,
Implement a Now Open
❑redesigned New Biz List campaign for regional,
and showcasing of OPEN national and international
properties visitors supporting
businesses and inspiring
travel
IYIIA�1�`lll,�
4DRecommendations\\
- :.SF-LECT - ..
SOUTHLAKEMp
SELECT
SOUTHLAKE
Questions and Concerns:
N/A
SPIN Meeting Reports are general observations of SPIN Meetings by City staff and SPIN Representatives. The report is neither verbatim nor official
meeting minutes; rather it serves to inform elected and appointed officials, City staff, and the public of the issues and questions raised by residents and
the general responses made. Responses as summarized in this report should not be taken as guarantees by the applicant. Interested parties are
strongly encouraged to follow the case through the Planning and Zoning Commission and final action by City Council.
Southlake Connect Results for the October 27, 2020 SPIN Town Hall Forum
DETAILS
Call Results
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