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Item 4K1 Southlake, Texas Ordinance 994 Economic Development and Tourism Strategic Plan TIP Strategies, Inc. Cygnet Strategies, LLC City Council, 1st Reading - January 25, 2011 Greg Last, Director of Economic Development Jill Lind, Tourism Marketing Manager 2 Agenda Public meetings / input to date Economic development recommendations Tourism recommendations 3 Public Meetings / Input to Date Jan. 20, 2010 – Southlake Business Council Apr. 28, 2010 – SBC Briefing May 3, 2010 – Joint LUP & EDT Committee June 16, 2010 – SBC Briefing June 24, 2010 – Joint LUP & EDT Committee Aug. 18, 2010 – SBC Briefing Aug. 26, 2010 – Joint LUP & EDT Committee Oct. 10, 2010 – SBC Briefing Nov. 8, 2010 – Joint LUP & EDT Committee Dec. 13, 2010 – SPIN Jan. 20, 2011 – Planning & Zoning Commission 4 Economic Development Recommendations 5 Economic Development Goals Retain and expand existing business Actively recruit corporate headquarters and regional offices Enhance the entrepreneurial climate and expand the opportunities for professional networking 6 Economic Development Goals Establish a clear incentives policy and be more aggressive in using incentives to attract and retain high-quality businesses 7 Tourism Recommendations 8 Tourism Goals Visitor amenities Events Develop a focused message Groups / conferences / niches 9 Tourism Goals Partnerships and packages Setting benchmarks / measuring ROI / surveys Online marketing / social media Public relations 10 Tourism Goals Marketing collateral / advertising Define day-trip markets Define overnight niche markets Keep an eye on the competition 11 Questions Greg Last, (817) 748-8037