WEBVTT 00:00:00.000 --> 00:00:07.160 Good morning and welcome, everyone. 00:00:07.160 --> 00:00:14.960 Today we're having the April 14th, 2021 economic development partnership board meeting. 00:00:14.960 --> 00:00:20.680 And we'd like to welcome everyone in the listening audience and like to welcome all of the board 00:00:20.680 --> 00:00:22.720 and committee members today. 00:00:22.720 --> 00:00:30.680 I believe our first item on the agenda is ADP 21-008. 00:00:30.680 --> 00:00:35.480 Hopefully everyone's had a chance to look at the agenda. 00:00:35.480 --> 00:00:39.280 And I believe the first item on the agenda is the draft of the minutes. 00:00:39.280 --> 00:00:44.240 We can take a moment to give everyone a chance just to make sure that they are aware of what's 00:00:44.240 --> 00:00:45.840 there. 00:00:45.840 --> 00:00:49.320 And once you finish, please wave your hand in the air like this and then that way I'll 00:00:49.320 --> 00:00:55.960 know we're ready to move on. 00:00:55.960 --> 00:00:56.960 Okay. 00:00:56.960 --> 00:00:58.160 All right. 00:00:58.160 --> 00:00:59.160 Good. 00:00:59.160 --> 00:01:00.160 Good. 00:01:00.160 --> 00:01:01.160 Good. 00:01:01.160 --> 00:01:02.160 All right. 00:01:02.160 --> 00:01:07.560 We'll take a motion from the floor, please. 00:01:07.560 --> 00:01:08.560 Okay. 00:01:08.560 --> 00:01:09.560 Councilman Davis. 00:01:09.560 --> 00:01:12.960 I move approval of the minutes. 00:01:12.960 --> 00:01:14.560 We have a motion on the floor. 00:01:14.560 --> 00:01:17.560 Do we have a second? 00:01:17.560 --> 00:01:18.560 Second. 00:01:18.560 --> 00:01:19.560 Okay. 00:01:19.560 --> 00:01:20.560 Jill Jester with a second. 00:01:20.560 --> 00:01:27.560 I believe we're going to do the verbal approval. 00:01:27.560 --> 00:01:32.680 So any items for discussion? 00:01:32.680 --> 00:01:37.720 Hearing none, all in favor, we're going to go around the board here. 00:01:37.720 --> 00:01:38.720 Let's see. 00:01:38.720 --> 00:01:39.720 Tina. 00:01:39.720 --> 00:01:40.720 Aye. 00:01:40.720 --> 00:01:41.720 Let's see. 00:01:41.720 --> 00:01:42.720 Steve Edgar. 00:01:42.720 --> 00:01:43.720 Aye. 00:01:43.720 --> 00:01:44.720 Jesse Davis. 00:01:44.720 --> 00:01:45.720 Aye. 00:01:45.720 --> 00:01:48.680 We made the motion. 00:01:48.680 --> 00:01:49.960 Jason Tomlinson. 00:01:49.960 --> 00:01:50.960 Aye. 00:01:50.960 --> 00:01:52.600 Jill Jester did the second. 00:01:52.600 --> 00:01:55.680 So hopefully you're not going to change your mind. 00:01:55.680 --> 00:01:56.680 Aye. 00:01:56.680 --> 00:01:58.680 Just kidding. 00:01:58.680 --> 00:02:06.920 And let me ask you, Jessica, so we have three others, Heather, Kay, and Jamie. 00:02:06.920 --> 00:02:11.160 Do we receive any vote from either of those? 00:02:11.160 --> 00:02:12.920 No, sir. 00:02:12.920 --> 00:02:19.080 Mr. Wilson is an ex officio member, and Pam is serving as the interim chamber president 00:02:19.080 --> 00:02:20.080 right now. 00:02:20.080 --> 00:02:21.280 And so they're non-voting members. 00:02:21.280 --> 00:02:22.280 Okay. 00:02:22.280 --> 00:02:25.800 And Heather's here as our wonderful guest for one of our items. 00:02:25.800 --> 00:02:26.800 Okay. 00:02:26.800 --> 00:02:27.800 Wonderful. 00:02:27.800 --> 00:02:31.160 And then John Baines is also approving the minutes as presented. 00:02:31.160 --> 00:02:34.240 So we're going to move on to the next agenda item. 00:02:34.240 --> 00:02:39.400 Let's see, ADP 21-009. 00:02:39.400 --> 00:02:44.400 Let's consider approval of the Economic Development Partnership Board annual meeting schedule. 00:02:44.400 --> 00:02:50.600 I guess someone needs to at least show the schedule so we can make sure we're aware what 00:02:50.600 --> 00:02:51.600 we're approving. 00:02:51.600 --> 00:02:52.600 Sure. 00:02:52.600 --> 00:02:54.240 Give me one second. 00:02:54.240 --> 00:02:56.920 I can pull it up. 00:02:56.920 --> 00:03:03.080 But just to let the board know, our meetings are scheduled for the second Wednesday of 00:03:03.080 --> 00:03:05.720 every month at 11 a.m. 00:03:05.720 --> 00:03:10.100 I send you calendar invites regularly. 00:03:10.100 --> 00:03:11.480 So those are the dates. 00:03:11.480 --> 00:03:18.160 I can read them to you probably faster than I can get it open. 00:03:18.160 --> 00:03:22.000 We're just required to have an adopted annual meeting schedule per the city's Board and 00:03:22.000 --> 00:03:24.320 Commission handbook. 00:03:24.320 --> 00:03:29.480 So those dates are January 13th, February 10th, March 10th, and April 14th. 00:03:29.480 --> 00:03:31.920 So those meetings have already been held. 00:03:31.920 --> 00:03:37.740 And then moving forward through the rest of the year, it's May 12th, June 9th, July 14th, 00:03:37.740 --> 00:03:43.960 August 11th, September 8th, October 13th, November 10th, and December 8th. 00:03:43.960 --> 00:03:47.320 And I will send you all calendar invites. 00:03:47.320 --> 00:03:52.080 I try not to schedule them too many months in advance so that you don't get updates every 00:03:52.080 --> 00:03:54.980 time something changes or moves. 00:03:54.980 --> 00:04:00.320 So I usually try and work about one or two months in advance on those. 00:04:00.320 --> 00:04:04.500 So we have -- I believe we need to approve this. 00:04:04.500 --> 00:04:06.040 Is that not correct? 00:04:06.040 --> 00:04:07.040 Yes. 00:04:07.040 --> 00:04:08.040 Okay. 00:04:08.040 --> 00:04:11.920 So we'll entertain a motion to approve the scheduled meetings. 00:04:11.920 --> 00:04:16.720 Mr. Chair, we approve the scheduled meetings as presented. 00:04:16.720 --> 00:04:18.280 I second that. 00:04:18.280 --> 00:04:19.280 Okay. 00:04:19.280 --> 00:04:22.000 Whoever's recording, somebody has to decipher that. 00:04:22.000 --> 00:04:24.160 So somebody approved and somebody seconded. 00:04:24.160 --> 00:04:27.800 I have that Jesse moved approval and Steve seconded. 00:04:27.800 --> 00:04:28.800 Okay. 00:04:28.800 --> 00:04:29.800 Wonderful. 00:04:29.800 --> 00:04:30.800 Great discussion. 00:04:30.800 --> 00:04:37.480 Hearing none, we'll go around the room once again with a -- with the verbal acknowledgement. 00:04:37.480 --> 00:04:38.480 Let's see. 00:04:38.480 --> 00:04:39.480 We go to Tina. 00:04:39.480 --> 00:04:40.480 Yes. 00:04:40.480 --> 00:04:41.480 I approve. 00:04:41.480 --> 00:04:42.480 Steve? 00:04:42.480 --> 00:04:43.480 Aye. 00:04:43.480 --> 00:04:44.480 Jesse? 00:04:44.480 --> 00:04:45.480 Aye. 00:04:45.480 --> 00:04:46.480 Jason? 00:04:46.480 --> 00:04:47.480 Aye. 00:04:47.480 --> 00:04:48.480 Jill? 00:04:48.480 --> 00:04:49.480 Aye. 00:04:49.480 --> 00:04:53.320 And John Baines also approved. 00:04:53.320 --> 00:04:56.520 So did I miss anyone? 00:04:56.520 --> 00:05:00.240 I believe Bob has joined us, but it's not showing up on our -- 00:05:00.240 --> 00:05:01.720 Oh, I do see Bob Baines. 00:05:01.720 --> 00:05:02.720 I do see it. 00:05:02.720 --> 00:05:03.720 Hello, Bob Baines? 00:05:03.720 --> 00:05:07.880 I don't see a microphone. 00:05:07.880 --> 00:05:11.200 So he's probably not audio yet. 00:05:11.200 --> 00:05:15.480 So we'll catch you on the next one, Bob, while you get acclimated. 00:05:15.480 --> 00:05:24.760 So moving on to the next agenda item, EDP 21-13, it's receiving a report, hold a discussion 00:05:24.760 --> 00:05:30.480 regarding an update from the Downtown Economic Development Committee. 00:05:30.480 --> 00:05:34.200 And I take it that you're going to do that presentation, Jessica? 00:05:34.200 --> 00:05:35.200 Yes. 00:05:35.200 --> 00:05:36.820 So we don't have a formal presentation. 00:05:36.820 --> 00:05:38.880 We just wanted to update the board. 00:05:38.880 --> 00:05:43.120 The Downtown Economic Development Committee has only met once this past quarter. 00:05:43.120 --> 00:05:45.320 They met on March 4th. 00:05:45.320 --> 00:05:50.920 At that meeting, they affirmed Jesse Davis as the board chair of that meeting. 00:05:50.920 --> 00:05:54.400 And so he got to chair his first meeting on March 4th. 00:05:54.400 --> 00:05:58.640 And at that meeting, they received an update regarding sort of a comprehensive look of 00:05:58.640 --> 00:06:01.920 all the capital projects that are going on in downtown. 00:06:01.920 --> 00:06:06.880 If you're wondering what made your packet so thick today, we put that update for you. 00:06:06.880 --> 00:06:12.960 We know a lot of you get questions about downtown projects, what's going on, kind of the timing 00:06:12.960 --> 00:06:13.960 of those. 00:06:13.960 --> 00:06:17.960 So we wanted to make sure that this board had those, but no intention to duplicate that 00:06:17.960 --> 00:06:24.840 effort, but it's there in case you wanted it as reference. 00:06:24.840 --> 00:06:31.160 Let's see, all right, thank you. 00:06:31.160 --> 00:06:41.800 Let's see, okay, forgive me, I got disturbed by someone trying to reach me on my phone. 00:06:41.800 --> 00:06:43.920 Let's see here. 00:06:43.920 --> 00:06:46.080 So we need to make an approval? 00:06:46.080 --> 00:06:47.240 No, sir. 00:06:47.240 --> 00:06:48.720 Just an update. 00:06:48.720 --> 00:06:49.720 Just an acknowledgement. 00:06:49.720 --> 00:06:50.720 Okay. 00:06:50.720 --> 00:06:51.720 All right. 00:06:51.720 --> 00:06:54.680 Let's go to the next item on the agenda. 00:06:54.680 --> 00:06:58.360 I think you mentioned that we were under a little bit of a time crunch, so I'm trying 00:06:58.360 --> 00:07:01.040 to make sure I don't dilly-dally too much. 00:07:01.040 --> 00:07:05.960 For those of you who are not old enough to know that word dilly-dally, that's an old school 00:07:05.960 --> 00:07:06.960 word. 00:07:06.960 --> 00:07:14.920 EDP 21-12, receive a report, hold discussion, and give staff direction regarding an economic 00:07:14.920 --> 00:07:22.480 development program agreement with Hickory & Real Ventures LLC for Stoke-Denton. 00:07:22.480 --> 00:07:25.600 And it looks like we're going to have a presentation. 00:07:25.600 --> 00:07:30.480 Is that you? 00:07:30.480 --> 00:07:35.240 It's me and Heather Gregory is with us to answer any questions. 00:07:35.240 --> 00:07:40.360 I actually will go through this quickly, because if the board will recall, you've already seen 00:07:40.360 --> 00:07:44.840 this once, and you did make a recommendation, and we'll kind of point out why we're coming 00:07:44.840 --> 00:07:47.680 back to the board with this information. 00:07:47.680 --> 00:07:53.400 But the first sort of 10 slides or so are things that you've seen before. 00:07:53.400 --> 00:07:58.560 But if you'll remember, I believe it was back in October or November, we provided an update 00:07:58.560 --> 00:08:02.520 regarding ongoing kind of discussions that we were having with Hickory & Real Ventures 00:08:02.520 --> 00:08:09.360 about transitioning the management, ownership, and operation of Stoke-Denton. 00:08:09.360 --> 00:08:14.160 Just to give you a reminder of everything that Stoke does, they are the hub for our 00:08:14.160 --> 00:08:20.800 startups, our entrepreneurship, support, remote worker connectivity, and small business development. 00:08:20.800 --> 00:08:25.240 Beyond just the co-working space itself, they have a lot of programming. 00:08:25.240 --> 00:08:29.680 Things like the Flint Conference, Heather can give you the plug, buy your tickets. 00:08:29.680 --> 00:08:33.160 We're doing it virtually again this year, but it's going to be great. 00:08:33.160 --> 00:08:39.280 Big ideas mixers, startup crawls, they lead the Denton Innovation Group, the Denton Angels, 00:08:39.280 --> 00:08:44.680 the Investment Group, and they also host Making Denton podcasts and are hosting regular kind 00:08:44.680 --> 00:08:47.840 of mentorship sessions through the coffee and convos. 00:08:47.840 --> 00:08:52.200 And then the Accelerate Her Startup Business Incubator program, which the first year just 00:08:52.200 --> 00:08:58.280 came to a really fantastic conclusion and lots of great participants and outcomes from 00:08:58.280 --> 00:09:00.720 that as well. 00:09:00.720 --> 00:09:08.960 And so just a few great kind of key stats of the efforts that Stoke has done, some photos. 00:09:08.960 --> 00:09:14.200 And then again, really just knowing that they're reaching a lot of people, 200 events with 00:09:14.200 --> 00:09:22.960 2,100 attendees, really having a big impact in our entrepreneurship and startup space. 00:09:22.960 --> 00:09:24.440 We've got a good number of members. 00:09:24.440 --> 00:09:28.880 Over 167 different member companies have operated at Stoke. 00:09:28.880 --> 00:09:34.520 That's 126 people with tech or tech-enabled jobs that have held memberships there. 00:09:34.520 --> 00:09:39.200 And then on average, 58% of members in the co-working space are tech or tech-enabled. 00:09:39.200 --> 00:09:44.920 I'm kind of jumping ahead, I'm sorry, my computer is freezing. 00:09:44.920 --> 00:09:48.720 Remember that some other key stats is that remote workers and freelancers represent about 00:09:48.720 --> 00:09:51.040 38% of the member population. 00:09:51.040 --> 00:09:55.680 That's important because those people can work anywhere and they choose to work here 00:09:55.680 --> 00:09:56.680 in Denton. 00:09:56.680 --> 00:09:59.360 So that's something that's really important to us. 00:09:59.360 --> 00:10:04.760 And then of course, the high satisfaction rate of members operating out of Stoke is 00:10:04.760 --> 00:10:07.920 worth noting as well. 00:10:07.920 --> 00:10:14.140 Through June of this year, we have a management and operation agreement with Hickory and Rail 00:10:14.140 --> 00:10:15.440 Ventures. 00:10:15.440 --> 00:10:21.160 The city still holds the lease and kind of owns Stoke until that point. 00:10:21.160 --> 00:10:28.760 This is just information related to what's in the contract today related to HRV's performance. 00:10:28.760 --> 00:10:35.040 So things like they have to operate the co-working space, that they have to create and implement 00:10:35.040 --> 00:10:36.640 a funding of investor network. 00:10:36.640 --> 00:10:40.160 And I'm not going to go through all of these because there's two slides of them and there's 00:10:40.160 --> 00:10:43.620 a lot and you've seen it before. 00:10:43.620 --> 00:10:49.520 But just to say, overwhelmingly, HRV has complied with kind of all of the terms of their contracts 00:10:49.520 --> 00:10:54.720 and have had a lot of success in managing the Stoke operation. 00:10:54.720 --> 00:11:02.100 So the previous council direction that staff received was that they wanted to transition 00:11:02.100 --> 00:11:06.480 Stoke to Hickory and Rail Ventures to operate Stoke independently at the conclusion of the 00:11:06.480 --> 00:11:12.360 city lease, which is June of 2021. 00:11:12.360 --> 00:11:15.560 And so we've kind of begun those conversations. 00:11:15.560 --> 00:11:19.360 We came to you last fall and said, hey, we've kind of got a plan of how we're going to make 00:11:19.360 --> 00:11:21.600 that transition happen. 00:11:21.600 --> 00:11:25.360 And all of that, of course, was influenced by COVID. 00:11:25.360 --> 00:11:32.360 As we moved forward through that process, we negotiated a program agreement. 00:11:32.360 --> 00:11:37.840 And so we came together and set sort of a funding figure and what outlines and what 00:11:37.840 --> 00:11:45.440 terms programs would be supported and continue to be supported by HRV and Stoke going forward. 00:11:45.440 --> 00:11:51.920 So because HRV increased their programming above the contracted requirements and they 00:11:51.920 --> 00:11:56.800 desire to continue to assist us in supporting the entrepreneurial ecosystem, we wanted to 00:11:56.800 --> 00:12:00.680 transition them to a new program agreement. 00:12:00.680 --> 00:12:06.000 So what's noted in red are the things that have changed from the last time the board 00:12:06.000 --> 00:12:07.960 made a recommendation on this. 00:12:07.960 --> 00:12:14.280 And so the terms, the backbone terms of the agreement are staying the same, but there's 00:12:14.280 --> 00:12:18.280 going to be a couple different changes in the agreement that we thought warranted coming 00:12:18.280 --> 00:12:20.400 back to the board. 00:12:20.400 --> 00:12:22.840 One primarily because it had a financial change. 00:12:22.840 --> 00:12:30.680 So the city, because we lease the space today, has a security deposit on the space. 00:12:30.680 --> 00:12:36.120 In an effort to sort of ease the transition over to HRV, the city is proposing to just 00:12:36.120 --> 00:12:41.680 transfer that security deposit deposit over to HRV and allow them to not have to put down 00:12:41.680 --> 00:12:48.240 an additional deposit and then also we clarified language and really outlined specifically 00:12:48.240 --> 00:12:54.840 how the transition would occur for the furniture and equipment and the logo and Stoke brand 00:12:54.840 --> 00:13:01.280 and get those ownership items transferred over to HRV directly as part of the program 00:13:01.280 --> 00:13:03.440 agreement in this first year. 00:13:03.440 --> 00:13:08.520 So other than that, the terms remain the same and it'll be a partnership agreement that's 00:13:08.520 --> 00:13:13.600 focused on meeting our strategic efforts in the areas of entrepreneurship, tech, and business 00:13:13.600 --> 00:13:14.600 support. 00:13:14.600 --> 00:13:16.600 It aligns with our strategic plan. 00:13:16.600 --> 00:13:20.280 If you look at their program proposal, they outline specifically what actions they're 00:13:20.280 --> 00:13:23.560 taking to meet our strategic efforts. 00:13:23.560 --> 00:13:27.960 And it's this first agreement, we move forward with a one-year agreement, obviously to make 00:13:27.960 --> 00:13:35.120 sure that we catch everything and then can come back and reevaluate after a year. 00:13:35.120 --> 00:13:40.720 And so just a reminder, you did look at this on November 11th, 2020, and then we just wanted 00:13:40.720 --> 00:13:46.400 to bring this back to make sure that those additional changes in terms kind of made sense 00:13:46.400 --> 00:13:47.460 to the partnership board. 00:13:47.460 --> 00:13:52.560 So we're seeking your recommendation to city council to adopt an ordinance to approve the 00:13:52.560 --> 00:13:56.760 agreements with those changes. 00:13:56.760 --> 00:14:01.200 And that is all I have on this one. 00:14:01.200 --> 00:14:07.600 Again, Heather is here if there are any questions for Stoke directly. 00:14:07.600 --> 00:14:09.200 Okay. 00:14:09.200 --> 00:14:14.640 So in order to have a conversation, I believe the protocol is to make the motion, approve 00:14:14.640 --> 00:14:15.840 it, and then have discussion. 00:14:15.840 --> 00:14:18.120 Is that correct? 00:14:18.120 --> 00:14:20.240 Yes, sir. 00:14:20.240 --> 00:14:21.240 Okay. 00:14:21.240 --> 00:14:30.980 So we'll entertain a motion to accept the recommendation as presented as going to council. 00:14:30.980 --> 00:14:31.980 Still moved. 00:14:31.980 --> 00:14:32.980 Jill Jester. 00:14:32.980 --> 00:14:33.980 We have a motion on the floor. 00:14:33.980 --> 00:14:40.040 We need a second, please. 00:14:40.040 --> 00:14:41.040 This is Jason. 00:14:41.040 --> 00:14:42.040 Second. 00:14:42.040 --> 00:14:43.040 Jason Thomason seconds. 00:14:43.040 --> 00:14:44.040 Okay. 00:14:44.040 --> 00:14:45.040 Thank you. 00:14:45.040 --> 00:14:53.480 I do have about three questions, and so I'll wait and ask mine after someone else. 00:14:53.480 --> 00:14:57.960 Okay. 00:14:57.960 --> 00:14:58.960 Hearing none. 00:14:58.960 --> 00:15:02.240 Heather, Jessica, this is not a criticism. 00:15:02.240 --> 00:15:04.280 This is just an inquiry. 00:15:04.280 --> 00:15:10.780 So how are we doing on our diversity with Stoke? 00:15:10.780 --> 00:15:16.080 Thank you for asking. 00:15:16.080 --> 00:15:23.480 It's definitely something that's at the forefront of our minds and our efforts. 00:15:23.480 --> 00:15:31.620 We continue to make sure that not only our members, but the mentors and workshop leaders 00:15:31.620 --> 00:15:42.200 and speakers at our conferences and our events are diverse from diverse backgrounds, race, 00:15:42.200 --> 00:15:44.200 gender. 00:15:44.200 --> 00:15:56.120 And yeah, so it's at the forefront of our mind, and speaking specifically about gender, 00:15:56.120 --> 00:16:01.760 through the partnership with Texas Women's University Center for Women Entrepreneurs, 00:16:01.760 --> 00:16:08.360 the Accelerate Her Program is only for women entrepreneurs, and of the six women that were 00:16:08.360 --> 00:16:13.520 in that cohort, half of them were minority. 00:16:13.520 --> 00:16:17.900 And so again, it's just something that's at the forefront of our mind. 00:16:17.900 --> 00:16:24.920 And so we really try to move through our programming, making sure that we're doing the outreach 00:16:24.920 --> 00:16:32.600 that we can and providing the education and resources that we can for diverse population. 00:16:32.600 --> 00:16:34.380 Thank you, Heather. 00:16:34.380 --> 00:16:45.480 Question number two, we had a few months ago, Jessica, a company that was doing, I'm trying 00:16:45.480 --> 00:16:54.880 to remember, I won't say it was like computer games, but they were simulations. 00:16:54.880 --> 00:17:02.240 And I'd asked the gentleman how they were doing with their diversity because the Silicon 00:17:02.240 --> 00:17:09.040 Valley, even though I believe they're making an effort, they're behind on their women and 00:17:09.040 --> 00:17:12.400 minorities and participation in the Silicon Valley. 00:17:12.400 --> 00:17:18.920 So I just simply wanted to kind of have that discussion again to make sure that there's 00:17:18.920 --> 00:17:27.100 an effort there, not only for the various colors, but also the genders, that there seems 00:17:27.100 --> 00:17:35.560 to be a shortage of both minorities and females in the tech industry. 00:17:35.560 --> 00:17:38.800 And so everything we can do to help that is really great. 00:17:38.800 --> 00:17:41.080 And that was more of a comment than a question. 00:17:41.080 --> 00:17:43.600 My last question is this. 00:17:43.600 --> 00:17:54.360 So in your marketing and outreach, do we rely on simple advertisements or are we being aggressive? 00:17:54.360 --> 00:18:00.360 Are we going to, like, for example, different parts of the community and saying, hey, this 00:18:00.360 --> 00:18:03.000 is what we're doing, we'd like for you to participate? 00:18:03.000 --> 00:18:09.560 So rather than just wave a flag, are we actually going to these different groups and saying 00:18:09.560 --> 00:18:14.200 we'd like to have your participation? 00:18:14.200 --> 00:18:16.920 We do both. 00:18:16.920 --> 00:18:23.800 I would say obviously in the last year, it's been difficult to do outreach in the way that 00:18:23.800 --> 00:18:27.280 I would really like to. 00:18:27.280 --> 00:18:29.920 But we do. 00:18:29.920 --> 00:18:40.220 I am in conversations with individuals and also organizations to ensure that we are doing 00:18:40.220 --> 00:18:45.920 everything we can to support entrepreneurs of all stripes. 00:18:45.920 --> 00:18:58.320 Yeah, so we do both kind of digital marketing and also pursuing relationships with partners 00:18:58.320 --> 00:19:02.700 that we want to be helping and working with. 00:19:02.700 --> 00:19:06.520 This is, I don't know if this is relevant or not, but I've been really concerned about 00:19:06.520 --> 00:19:08.280 some things going on in the community. 00:19:08.280 --> 00:19:13.720 So I said, okay, if you're concerned, John, how about you set some coffee dates with people? 00:19:13.720 --> 00:19:17.200 So I'm setting coffee dates with people that I want to talk to. 00:19:17.200 --> 00:19:21.320 So we'll go to Starbucks, we'll go downtown, and we'll have those conversations to make 00:19:21.320 --> 00:19:26.500 sure that I'm aware of what's going on with people who maybe don't think like me or people 00:19:26.500 --> 00:19:31.880 who don't look like me or people from whatever my orientation is. 00:19:31.880 --> 00:19:37.380 So I'm being the aggressor to make sure that I go out and get that information. 00:19:37.380 --> 00:19:43.800 So all that being said, Heather, congratulations on what's being done, and I just look forward 00:19:43.800 --> 00:19:47.360 to more positive responses and results. 00:19:47.360 --> 00:19:51.680 Anyone else have participation or would like to have a conversation with Heather before 00:19:51.680 --> 00:19:55.680 we move on? 00:19:55.680 --> 00:20:02.720 Okay, we have a motion on the floor second, we've had discussion all in favor of the recommendation 00:20:02.720 --> 00:20:08.040 going to city council, we'll signify by aye as we go around. 00:20:08.040 --> 00:20:09.040 Tina? 00:20:09.040 --> 00:20:10.040 Aye. 00:20:10.040 --> 00:20:11.040 Okay. 00:20:11.040 --> 00:20:12.040 Steve? 00:20:12.040 --> 00:20:13.040 Aye. 00:20:13.040 --> 00:20:14.040 Jason? 00:20:14.040 --> 00:20:15.040 Aye. 00:20:15.040 --> 00:20:16.040 Jill? 00:20:16.040 --> 00:20:17.040 Aye. 00:20:17.040 --> 00:20:18.040 Jessie? 00:20:18.040 --> 00:20:19.040 Aye. 00:20:19.040 --> 00:20:20.040 And Bob Eames? 00:20:20.040 --> 00:20:21.040 Okay. 00:20:21.040 --> 00:20:26.440 You're on mute, but I think I saw your mouth move. 00:20:26.440 --> 00:20:34.440 So okay, and John Baines has an aye, so I think we're unanimous on the recommendation 00:20:34.440 --> 00:20:35.440 going forward. 00:20:35.440 --> 00:20:39.920 And thank you for receiving my comments, Heather. 00:20:39.920 --> 00:20:40.920 Thank you very much. 00:20:40.920 --> 00:20:52.000 Moving on to the next agenda item, let's see, we have, are we at ADP 21-015, Jessica, is 00:20:52.000 --> 00:20:54.200 that where we are? 00:20:54.200 --> 00:20:55.360 16. 00:20:55.360 --> 00:20:59.040 The numbers are out of order, but it's E21-016. 00:20:59.040 --> 00:21:03.240 Oh, 16, okay, 16, all right. 00:21:03.240 --> 00:21:07.480 Receiver report, hold the discussion and give staff direction regarding implementation of 00:21:07.480 --> 00:21:10.480 the economic development strategic plan. 00:21:10.480 --> 00:21:14.000 So will that be you again, Jessica? 00:21:14.000 --> 00:21:18.960 It is the Jessica show today, I do apologize for that. 00:21:18.960 --> 00:21:24.520 Well, this is going to be in the effort to kind of conserve everyone's time, I'll go 00:21:24.520 --> 00:21:29.400 through this really quickly, but I want to kind of make the board aware of, you know, 00:21:29.400 --> 00:21:34.800 we went through a very long process of developing the strategic plan. 00:21:34.800 --> 00:21:41.920 And so we sort of considered October 1 as sort of our final push to adoption and implementation. 00:21:41.920 --> 00:21:46.400 And so while we were working through those last weeks with city council to get it adopted, 00:21:46.400 --> 00:21:53.280 our team on the back end was working on developing kind of those implementation plans and how 00:21:53.280 --> 00:21:54.480 do we move forward? 00:21:54.480 --> 00:22:00.360 And so that's what we wanted to show to talk with the board today is just to kind of quantify 00:22:00.360 --> 00:22:06.200 what we've done, how we've done it, and how we'll kind of come back with information to 00:22:06.200 --> 00:22:07.200 you. 00:22:07.200 --> 00:22:11.000 So I would say that I'm going to put up a presentation that has a bunch of numbers, 00:22:11.000 --> 00:22:16.680 and they don't really mean anything unless you have the I think 30 page document behind 00:22:16.680 --> 00:22:23.880 it that breaks down what each individual task is in the action, because we didn't do a first 00:22:23.880 --> 00:22:29.080 quarter update in this I've included both quarter one and quarter two of this fiscal 00:22:29.080 --> 00:22:31.040 year in in that document. 00:22:31.040 --> 00:22:37.000 So you can actually see the tap the team member, that's the project manager, you can also see 00:22:37.000 --> 00:22:40.560 the status of those tasks. 00:22:40.560 --> 00:22:42.900 And then you can also see the quarter one update. 00:22:42.900 --> 00:22:46.000 So what actions were done between October and December. 00:22:46.000 --> 00:22:51.240 And then you can also see the quarter to update, which is what actions have been taken from 00:22:51.240 --> 00:22:54.080 January to the end of March. 00:22:54.080 --> 00:22:58.600 And so I'm going to put up the presentation real quick. 00:22:58.600 --> 00:23:06.120 But it kind of provides good context for the report that is behind it in your packet. 00:23:06.120 --> 00:23:11.040 So this is our sort of dashboard of our strategic plan. 00:23:11.040 --> 00:23:19.280 So we had over about 122 individual tasks or actions that were identified in the strategic 00:23:19.280 --> 00:23:22.520 plan, they were broken down in these areas. 00:23:22.520 --> 00:23:26.960 There were in goal one, there were 27 and goal two, there were quite a bit, but we broke 00:23:26.960 --> 00:23:31.720 them down by those strategic growth areas in the plan. 00:23:31.720 --> 00:23:37.140 And then goal three, and then there were about 16 related to capacity and resources. 00:23:37.140 --> 00:23:43.900 So where we are kind of to date, and we really completed about 16, you'll see the majority 00:23:43.900 --> 00:23:48.920 of those completions are occurring in that goal one, because that's specific to accelerating 00:23:48.920 --> 00:23:51.800 recovery from the COVID pandemic. 00:23:51.800 --> 00:23:56.320 And some of our capacity and resource building, which was really kind of our internal operations 00:23:56.320 --> 00:23:58.560 that we needed to work on. 00:23:58.560 --> 00:24:01.920 We've initiated or started progress on about 62. 00:24:01.920 --> 00:24:09.760 So we're about half of the actions identified have had some movement or some progress forward. 00:24:09.760 --> 00:24:12.040 We have 14 that are considered not initiated. 00:24:12.040 --> 00:24:16.840 So those are items that are either kind of in the timeline right now that we'll need 00:24:16.840 --> 00:24:21.280 to pick up over the next year, and we just haven't initiated work on them yet. 00:24:21.280 --> 00:24:26.200 It could be that we're just planning and getting kind of staffed up in certain areas. 00:24:26.200 --> 00:24:29.880 And then lastly, there are 30 that are considered future items. 00:24:29.880 --> 00:24:34.340 So those are items that occur out in a two to five year time horizon. 00:24:34.340 --> 00:24:37.560 So staff hasn't initiated work on those yet. 00:24:37.560 --> 00:24:42.240 But that's because we might be doing some groundwork on some other actions that are 00:24:42.240 --> 00:24:46.440 required to get to those future items first. 00:24:46.440 --> 00:24:51.920 And so we're working on kind of updating and building out this dashboard as we go. 00:24:51.920 --> 00:24:57.240 So we welcome your feedback, again, as we kind of go through this process. 00:24:57.240 --> 00:25:01.800 But over the next slides, it just kind of breaks down where we are. 00:25:01.800 --> 00:25:07.160 So each of these items were the actions identified in the strategic plan. 00:25:07.160 --> 00:25:11.400 For the sake of the presentation, I did abbreviate them as sort of by their title as opposed 00:25:11.400 --> 00:25:12.400 to writing it out. 00:25:12.400 --> 00:25:17.280 But in your report, you have the full detail of what those are. 00:25:17.280 --> 00:25:22.760 I'll turn to the corresponding page in the report just to give you an example. 00:25:22.760 --> 00:25:34.800 So 1.1, which is an action that within it, it required, sorry, I have my screen up. 00:25:34.800 --> 00:25:38.600 So it within itself had six actions or three actions. 00:25:38.600 --> 00:25:42.540 We have one that is in progress and two that are complete. 00:25:42.540 --> 00:25:48.980 So the actions like for 1.1 included pulling together the small group of leaders from the 00:25:48.980 --> 00:25:55.160 chamber in the city to, you know, to develop a plan to respond to the pandemic, shifting 00:25:55.160 --> 00:26:03.440 the focus of our economic development programs to not just focus on relief, but also to work 00:26:03.440 --> 00:26:07.560 on business retention, workforce development, community services, sort of those wraparound 00:26:07.560 --> 00:26:10.360 services that businesses need in the pandemic. 00:26:10.360 --> 00:26:13.160 And then the third one was developing an internal dashboard. 00:26:13.160 --> 00:26:15.840 So I didn't list all of them here for you. 00:26:15.840 --> 00:26:21.400 But that's sort of an example, again, this kind of only makes sense with that long report 00:26:21.400 --> 00:26:25.400 that's attached to it. 00:26:25.400 --> 00:26:30.120 In terms of connected didn't, so these are our efforts focused in sort of our traditional 00:26:30.120 --> 00:26:35.200 business retention and expansion, attraction and marketing and our industrial development. 00:26:35.200 --> 00:26:41.400 We had 16 total actions and there you'll see most of our actions are in progress with one 00:26:41.400 --> 00:26:46.600 complete action in that area and creative didn't. 00:26:46.600 --> 00:26:52.040 So a lot of these are ones that we're actually working with, with Heather on, because this 00:26:52.040 --> 00:26:56.760 is our entrepreneurship, innovation, creativity focus section. 00:26:56.760 --> 00:27:03.560 So a lot of actions here are related to working with Stoke, working with the universities 00:27:03.560 --> 00:27:08.440 and the school districts to kind of build up our capacity in these areas. 00:27:08.440 --> 00:27:13.600 So we're going to see these items in action and in progress for some time, but we're hoping 00:27:13.600 --> 00:27:21.680 to kind of move all of these forward and hopefully get some wins in this area over the next year. 00:27:21.680 --> 00:27:26.880 The sustainable didn't programs, this is an area that we haven't had a lot of focus in 00:27:26.880 --> 00:27:31.720 right now, but it's certainly one of those areas for improvement for our team where we've 00:27:31.720 --> 00:27:37.040 got to do a little bit more research and capacity building on working with our sustainability 00:27:37.040 --> 00:27:43.360 team on how we can support this effort moving forward. 00:27:43.360 --> 00:27:48.640 Competitive didn't know a lot of these are forward looking areas. 00:27:48.640 --> 00:27:53.280 So things like the coal hunter ranch development, professional office space and infrastructure 00:27:53.280 --> 00:27:54.280 development. 00:27:54.280 --> 00:27:57.840 Those are things that we might start having those conversations this year, but they're 00:27:57.840 --> 00:28:02.640 really forward and in future items as well. 00:28:02.640 --> 00:28:06.900 And then our last goal was strengthening community inclusion and we've made a lot of strides 00:28:06.900 --> 00:28:07.900 in that. 00:28:07.900 --> 00:28:12.900 And I'd encourage you to read that section because we are taking a lot of steps in this 00:28:12.900 --> 00:28:19.780 area really early on to get some things in place that were really needed across the city 00:28:19.780 --> 00:28:23.520 both internally and externally. 00:28:23.520 --> 00:28:28.740 So just to summarize some key updates, again, we've made a lot of progress in our COVID 00:28:28.740 --> 00:28:33.840 recovery efforts and we've had a lot of movement in our connected debt and strategic growth 00:28:33.840 --> 00:28:38.000 area where we're kind of ramping up our existing efforts. 00:28:38.000 --> 00:28:41.280 And then we are working towards our program agreement for stoked it. 00:28:41.280 --> 00:28:45.940 And as I mentioned, that'll help us in that creative debt and strategic growth area. 00:28:45.940 --> 00:28:51.040 And then looking ahead, really, we're wanting to build on our early successes in our capacity 00:28:51.040 --> 00:28:52.040 building. 00:28:52.040 --> 00:28:59.640 So that's building out the tools and the things that we need to implement a lot of our tasks. 00:28:59.640 --> 00:29:03.920 So those were things like getting our CRM system set up and built out that gives us 00:29:03.920 --> 00:29:10.640 a lot more kind of firepower in terms of what we can do in analytics and data support and 00:29:10.640 --> 00:29:13.560 really making smart decisions with our programs. 00:29:13.560 --> 00:29:18.400 We're continuing to work on our catalyst fund and those new policies and programs. 00:29:18.400 --> 00:29:22.520 The last, you know, we talked about that being incorporated as part of the city's overall 00:29:22.520 --> 00:29:23.520 budgeting process. 00:29:23.520 --> 00:29:27.240 And so as we're getting that ramped up over the next month, we'll probably come back to 00:29:27.240 --> 00:29:30.040 this board with updates. 00:29:30.040 --> 00:29:34.700 And then as I mentioned, capacity and resources are those internal things. 00:29:34.700 --> 00:29:42.280 And so making sure that we're in progress on a lot of those items, because those are 00:29:42.280 --> 00:29:43.280 our internal things. 00:29:43.280 --> 00:29:47.040 Those are things that we need to do from a capacity standpoint to make sure that we can 00:29:47.040 --> 00:29:49.520 execute on those strategies. 00:29:49.520 --> 00:29:52.140 And then we're continuing to just formalize work plans. 00:29:52.140 --> 00:29:57.240 There's a lot more text that goes behind all of these things and discussions, but just 00:29:57.240 --> 00:30:01.680 making sure that we're keeping track of where we are and that we're providing the board 00:30:01.680 --> 00:30:04.040 updates on these regularly. 00:30:04.040 --> 00:30:08.360 And so that's really our summary report on this. 00:30:08.360 --> 00:30:13.640 Again, I didn't want to go into the long detailed 30 page report unless there were specific 00:30:13.640 --> 00:30:14.640 questions. 00:30:14.640 --> 00:30:18.680 But I know that this board worked so hard on making sure that we had strategies and 00:30:18.680 --> 00:30:24.240 tactics that really would help us achieve the vision. 00:30:24.240 --> 00:30:29.080 And so I want to keep you updated on where we are and what we're doing as best I can. 00:30:29.080 --> 00:30:31.120 So I also welcome your feedback. 00:30:31.120 --> 00:30:37.400 If this isn't the way this information makes sense to the board, please, please give me 00:30:37.400 --> 00:30:40.120 any guidance that that would be a big help. 00:30:40.120 --> 00:30:43.560 We have a question from Tina Albert, please. 00:30:43.560 --> 00:30:44.560 Yes. 00:30:44.560 --> 00:30:45.560 Jessica, thank you for the information. 00:30:45.560 --> 00:30:49.480 I think a status update on this is good. 00:30:49.480 --> 00:30:57.320 Do you plan on reporting this quarterly or giving updates quarterly or what's the cadence? 00:30:57.320 --> 00:31:00.360 We do report on this quarterly. 00:31:00.360 --> 00:31:06.400 And so our hope is that we will incorporate this into our regular quarterly reporting. 00:31:06.400 --> 00:31:10.640 I'm fingers crossed that hopefully we'll have almost a public dashboard at some point in 00:31:10.640 --> 00:31:14.920 the future that we'll be able to kind of put it out and you guys will get to go point to 00:31:14.920 --> 00:31:17.600 things going forward. 00:31:17.600 --> 00:31:20.720 We just don't have all of that built out just yet. 00:31:20.720 --> 00:31:24.560 Yeah, I think I thought it was really good. 00:31:24.560 --> 00:31:33.000 I think maybe for me just going for the future, your actions in progress, even like a indicator 00:31:33.000 --> 00:31:37.760 saying, hey, it's on pace, right? 00:31:37.760 --> 00:31:40.000 And what risks do you have in here? 00:31:40.000 --> 00:31:41.240 That's kind of my question. 00:31:41.240 --> 00:31:42.800 What's the risk? 00:31:42.800 --> 00:31:43.800 Is it on pace? 00:31:43.800 --> 00:31:49.560 Or maybe even, it's just an idea, a little green dot or yellow dot or red dot. 00:31:49.560 --> 00:31:55.200 And we highlight the risk if there's any each of the quarterly updates. 00:31:55.200 --> 00:31:58.040 Sure. 00:31:58.040 --> 00:31:59.040 I like that. 00:31:59.040 --> 00:32:00.240 I was going to have little icons. 00:32:00.240 --> 00:32:01.240 Yeah. 00:32:01.240 --> 00:32:02.240 Didn't get them in. 00:32:02.240 --> 00:32:03.240 Perfect. 00:32:03.240 --> 00:32:04.240 Any other questions? 00:32:04.240 --> 00:32:05.240 Feedback is good. 00:32:05.240 --> 00:32:06.240 Yes. 00:32:06.240 --> 00:32:18.680 I'll jump out and I'll stir the pot a little bit, and then hopefully the rest of you will 00:32:18.680 --> 00:32:20.920 continue to stir it. 00:32:20.920 --> 00:32:29.560 So Jessica, we had those folks out of Austin that did this study for us, and in preparing 00:32:29.560 --> 00:32:34.880 for this meeting, I did read through all the points, and it was really good to get refreshed 00:32:34.880 --> 00:32:41.920 on the intention of this effort. 00:32:41.920 --> 00:32:54.560 And my question is this, with such a large effort, and we've got a lot to get our arms 00:32:54.560 --> 00:33:07.680 around, I mean, we have 30 pages, ladies and gentlemen, of things, and I believe that, 00:33:07.680 --> 00:33:12.640 I think you did a good job, Jessica, of kind of grouping them, and then also kind of giving 00:33:12.640 --> 00:33:21.560 us the status, started, not started, in progress, those kind of things, and I think all that's 00:33:21.560 --> 00:33:22.560 good. 00:33:22.560 --> 00:33:26.640 But my next question is, when do we think we're going to have all these things done? 00:33:26.640 --> 00:33:32.960 Maybe that's a great question. 00:33:32.960 --> 00:33:34.840 I don't have an answer. 00:33:34.840 --> 00:33:40.360 Some of them have hard completion dates, right? 00:33:40.360 --> 00:33:45.000 They're kind of singular actions, and so we can kind of point to a date and say, our goal 00:33:45.000 --> 00:33:51.120 is to have this in place by a certain day on a calendar. 00:33:51.120 --> 00:33:57.440 Let's do this, let's do this, let's say we're going to do it in two years, three years. 00:33:57.440 --> 00:34:06.240 Yeah, so each item next to it has a timeline, so they identified the timeline that this 00:34:06.240 --> 00:34:12.560 action would either initiate or come to some sort of sustainable function, and so our goal 00:34:12.560 --> 00:34:16.160 is to try and align our efforts into that timeline. 00:34:16.160 --> 00:34:22.160 So if it said ongoing, those are things that are happening now. 00:34:22.160 --> 00:34:25.640 We're continuing to work and have those conversations. 00:34:25.640 --> 00:34:30.600 You'll see that there are things that say ongoing and complete, and so that's why it 00:34:30.600 --> 00:34:32.800 seems misleading. 00:34:32.800 --> 00:34:37.720 Things that are complete may be, we're going to have to continue to find updates in that, 00:34:37.720 --> 00:34:39.780 but the primary work is done. 00:34:39.780 --> 00:34:45.760 So the thing that was needed to be in place, things like updating our CRM system, we've 00:34:45.760 --> 00:34:47.660 got it in place. 00:34:47.660 --> 00:34:53.280 We have to continue to update it over time, but we consider that item complete. 00:34:53.280 --> 00:34:56.320 I'm going to come back to you again. 00:34:56.320 --> 00:34:57.320 Okay. 00:34:57.320 --> 00:35:01.200 Let's say, for example, a lot of us that are sitting here today will not be here in two 00:35:01.200 --> 00:35:07.400 years or in three years, so out of sight, out of mind, out of sight. 00:35:07.400 --> 00:35:14.280 Basically, I'm engaged, but once I'm off the board, my engagement kind of leaves because 00:35:14.280 --> 00:35:20.360 I'm not around it as much, but somehow there has to be a way also to kind of keep everyone 00:35:20.360 --> 00:35:23.640 abreast of what's going on. 00:35:23.640 --> 00:35:29.880 But in my mind, I'm thinking that to have everything done, are we basically looking 00:35:29.880 --> 00:35:31.620 at three years, five years? 00:35:31.620 --> 00:35:33.640 That's kind of what I'm looking for. 00:35:33.640 --> 00:35:41.200 The plan was adopted as a five-year plan, so it's intention to capture all of our efforts 00:35:41.200 --> 00:35:42.840 over the next five years. 00:35:42.840 --> 00:35:44.440 Excellent, thank you. 00:35:44.440 --> 00:35:46.640 Thank you, thank you. 00:35:46.640 --> 00:35:52.580 Any other questions from anyone? 00:35:52.580 --> 00:35:54.320 And Jessica, there was, I was in the reading. 00:35:54.320 --> 00:35:55.320 Can I just say something? 00:35:55.320 --> 00:35:56.320 I'm sorry. 00:35:56.320 --> 00:35:57.320 I don't have a question, but I have a comment. 00:35:57.320 --> 00:35:58.320 Go ahead, Jill. 00:35:58.320 --> 00:35:59.320 Thank you. 00:35:59.320 --> 00:36:03.440 I just want to say kudos to the incredible work that has gone in here. 00:36:03.440 --> 00:36:10.200 I mean, this was created not that long ago, and to have all of the different components 00:36:10.200 --> 00:36:17.280 so well-defined, who is responsible for each of those, which of those are shared, and then 00:36:17.280 --> 00:36:22.280 to get this kind of update and scene with the staff that you have and in partnership 00:36:22.280 --> 00:36:30.000 with the Chamber, what all has been accomplished is so impressive, and I'm just so very proud 00:36:30.000 --> 00:36:40.000 of all the people who have contributed, but I'm super, super proud of Denton for the accomplishments 00:36:40.000 --> 00:36:46.280 that have been made in the amount of time since maybe not even a year ago we started 00:36:46.280 --> 00:36:54.320 this really kind of putting pen to paper on this, so well done from taking what the consultants 00:36:54.320 --> 00:37:00.200 advised, the input from council, the input from everyone else, and creating this document 00:37:00.200 --> 00:37:05.680 now we're seeing in action, and it makes it so easy for us that are not there day-to-day 00:37:05.680 --> 00:37:10.640 to see what's happening and where progress is being made and what our goals are. 00:37:10.640 --> 00:37:17.560 So anyways, I just want to say it's a huge relief to see all that work pay off. 00:37:17.560 --> 00:37:18.560 Thank you. 00:37:18.560 --> 00:37:23.040 And all of that is really owed to the people you see on the screen, because they just get 00:37:23.040 --> 00:37:27.440 me bugging them every day, Kay, and Corey, and Dan, and Erica going, "Where are we on 00:37:27.440 --> 00:37:28.440 this? 00:37:28.440 --> 00:37:32.400 Where are we on this?" 00:37:32.400 --> 00:37:35.680 So big, you know, that's shared. 00:37:35.680 --> 00:37:36.680 Yeah. 00:37:36.680 --> 00:37:38.360 John, this is Steve. 00:37:38.360 --> 00:37:45.560 I would echo Jill's, this is an exhaustive list and tremendous work. 00:37:45.560 --> 00:37:54.600 I do think the area, the goal three on strengthening community inclusion from my perspective takes 00:37:54.600 --> 00:38:03.440 on a unique necessity to circle back with some of those, whenever we identify work and 00:38:03.440 --> 00:38:09.240 meet regularly with key employers, simply because the pandemic has shifted some of the 00:38:09.240 --> 00:38:16.800 things that we probably identified as necessities or must-dos, some of those have moved to different 00:38:16.800 --> 00:38:23.400 environments to get the work done and to see what part of that gets reset as we ease out 00:38:23.400 --> 00:38:30.200 of the pandemic, that would be wonderful, I think, for us all to see on how that's going 00:38:30.200 --> 00:38:31.200 to be provided. 00:38:31.200 --> 00:38:35.560 And certainly from a healthcare standpoint, we've experienced that as well. 00:38:35.560 --> 00:38:42.640 But I echo Jill's comment that very well done and I look forward to pacing the updates throughout 00:38:42.640 --> 00:38:45.640 our meetings as well. 00:38:45.640 --> 00:38:46.640 Thank you, Jill. 00:38:46.640 --> 00:38:47.640 Thank you, Steve. 00:38:47.640 --> 00:38:48.640 Any other comments or accolades? 00:38:48.640 --> 00:39:00.400 Okay, do we need to have a recommendation on this one, Jessica, or just informational 00:39:00.400 --> 00:39:01.400 only? 00:39:01.400 --> 00:39:03.200 Just informational only. 00:39:03.200 --> 00:39:06.400 We just wanted to make sure the board, you know, as we continue to work through this 00:39:06.400 --> 00:39:10.840 first year, we want to keep bringing it back as a discussion item and not just a report 00:39:10.840 --> 00:39:16.960 so that you have an opportunity to give us feedback and direction on these items and 00:39:16.960 --> 00:39:20.720 we can have those conversations, you know, our doors are open any time. 00:39:20.720 --> 00:39:25.680 If there's something on here that you have information or knowledge or experience or 00:39:25.680 --> 00:39:29.840 expertise on, you know, we welcome it. 00:39:29.840 --> 00:39:34.160 We need, as you can tell with 122 items to go, we need all the help we can get. 00:39:34.160 --> 00:39:38.920 So please don't hesitate to reach out because we want to make sure that we're staying on 00:39:38.920 --> 00:39:41.600 track with this board. 00:39:41.600 --> 00:39:42.600 Thank you, Jessica. 00:39:42.600 --> 00:39:46.600 And before we go to this last item, I did have a question. 00:39:46.600 --> 00:39:51.280 As I was reading the packet, it seemed like there was a lot of discussion about roads 00:39:51.280 --> 00:39:54.560 and improvements and those types of things. 00:39:54.560 --> 00:39:59.400 Are we going to touch any of that here, the downtown area? 00:39:59.400 --> 00:40:01.040 No. 00:40:01.040 --> 00:40:05.800 So that presentation that's on all the downtown capital projects was what we include, that 00:40:05.800 --> 00:40:09.280 was what was the presentation that was given to the downtown economic development committee. 00:40:09.280 --> 00:40:12.420 So I wanted this board to just have that as reference. 00:40:12.420 --> 00:40:13.720 We get asked those questions a lot. 00:40:13.720 --> 00:40:15.640 I'm sure you get asked those questions a lot. 00:40:15.640 --> 00:40:20.320 I'm sure Councilmember Davis and Mayor Hudspeth are on the line, get asked those questions 00:40:20.320 --> 00:40:21.320 a lot. 00:40:21.320 --> 00:40:25.720 So it's nice to have that information when your friends and neighbors say, what are they 00:40:25.720 --> 00:40:27.080 doing over there? 00:40:27.080 --> 00:40:31.720 Tina, were you going to make a comment? 00:40:31.720 --> 00:40:32.720 Okay. 00:40:32.720 --> 00:40:33.720 All right. 00:40:33.720 --> 00:40:34.720 Good deal. 00:40:34.720 --> 00:40:39.440 The last item agenda item is EDP 21-015. 00:40:39.440 --> 00:40:43.520 Receive a report, hold discussion, give staff direction regarding the economic development 00:40:43.520 --> 00:40:49.000 partnership fiscal year 2021 second quarter activity report. 00:40:49.000 --> 00:40:53.080 I like the report, Jessica, you want to take it from here? 00:40:53.080 --> 00:40:54.080 Absolutely. 00:40:54.080 --> 00:40:57.800 And I'll let everyone kind of talk about their areas if they want, but what we really wanted 00:40:57.800 --> 00:41:02.640 to do and what we're very proud of is this is the second version of our new comprehensive 00:41:02.640 --> 00:41:04.400 quarterly report. 00:41:04.400 --> 00:41:09.520 I'm sure many of you turned tuned into the city council meeting yesterday, seeing head 00:41:09.520 --> 00:41:16.080 not no head yet, to see us, we did our mid year economic development report yesterday. 00:41:16.080 --> 00:41:20.280 And we got to share a lot of our successes and wins with the city council. 00:41:20.280 --> 00:41:24.520 And so we're not going to do the full presentation, we just have the report for you. 00:41:24.520 --> 00:41:32.200 But I wanted to give the opportunity for Corey or Kay, you know, and Dan and Erica as well, 00:41:32.200 --> 00:41:39.420 they've been they've been really doing a lot, you know, to increase our efforts and introduce 00:41:39.420 --> 00:41:40.420 new programs. 00:41:40.420 --> 00:41:46.080 And so I'll pull up the presentation and then just we'll walk you through it. 00:41:46.080 --> 00:41:50.240 Jessica, I think if you just kind of scroll us through it, and that way everybody at least 00:41:50.240 --> 00:41:55.920 kind of gets a visual and they may get inspired to go back and look at it more in detail later. 00:41:55.920 --> 00:41:56.920 Yes. 00:41:56.920 --> 00:41:58.360 Well, we will do that. 00:41:58.360 --> 00:41:59.360 All right. 00:41:59.360 --> 00:42:01.640 So this is our new our second version. 00:42:01.640 --> 00:42:07.060 We took feedback from our first version, particularly in terms of the stats we were collected. 00:42:07.060 --> 00:42:12.740 So these are kind of our four key stats that we have, tracking our sales tax collections, 00:42:12.740 --> 00:42:18.720 tracking our unemployment rate, and then our new residential permit values and our commercial 00:42:18.720 --> 00:42:19.720 permit values. 00:42:19.720 --> 00:42:24.240 So getting an idea of what's happening in terms of investment in our community. 00:42:24.240 --> 00:42:27.620 And the feedback we got was tracking kind of year over year. 00:42:27.620 --> 00:42:37.360 And so we made a few changes to this to show kind of both 2020 year to date and 2021. 00:42:37.360 --> 00:42:40.120 And so that's the main change that you'll see here. 00:42:40.120 --> 00:42:45.840 Same data that you saw in the first in the first version, just updated to capture that 00:42:45.840 --> 00:42:47.180 second quarter. 00:42:47.180 --> 00:42:52.420 And then I'll let Corey talk about business attraction. 00:42:52.420 --> 00:42:57.360 Good morning, everyone. 00:42:57.360 --> 00:43:03.680 Just to kind of give you some brief update regarding business attraction, we we currently 00:43:03.680 --> 00:43:14.060 have 44 active projects, we got requests for 41 new RFIs between the first and second quarter. 00:43:14.060 --> 00:43:18.560 We've been a finalist for three projects through the second quarter. 00:43:18.560 --> 00:43:24.680 And we actually were notified last week that we're finalists for another project as well. 00:43:24.680 --> 00:43:28.260 So we've got all those that we're working on. 00:43:28.260 --> 00:43:35.100 And most importantly, we've been able to close as one, two projects, of course, everyone's 00:43:35.100 --> 00:43:39.000 aware of the lows that project that closed at the end of last year, that was a quarter 00:43:39.000 --> 00:43:40.000 one project. 00:43:40.000 --> 00:43:46.480 It's about 110 new jobs and about 40 to 60 million in capital investment between the 00:43:46.480 --> 00:43:49.520 cost of the building and the equipment. 00:43:49.520 --> 00:43:51.520 So it's a great project. 00:43:51.520 --> 00:44:00.000 We also closed in the second quarter, MLS, which is a local supplier to Peterbilt has 00:44:00.000 --> 00:44:07.380 consolidated their seven separate operations as well as expanded into a 400,000 square 00:44:07.380 --> 00:44:13.220 foot building in Denton crossing at I-35 on Western Boulevard. 00:44:13.220 --> 00:44:19.600 So that's a huge win, I think, you know, in economic development. 00:44:19.600 --> 00:44:23.840 Everybody loves to hear the new companies coming to town and how important that is. 00:44:23.840 --> 00:44:25.400 And it's great. 00:44:25.400 --> 00:44:32.360 But fostering and growing our existing businesses is just as important. 00:44:32.360 --> 00:44:40.160 And so we'd love to see our local businesses invest further in the community. 00:44:40.160 --> 00:44:45.000 And this kind of just gives you a little bit of an update on some of the projects we're 00:44:45.000 --> 00:44:54.440 working on, what type of industry they are, and I'm happy to answer any questions. 00:44:54.440 --> 00:45:00.760 I'll pull it down just for a second so I can see everyone. 00:45:00.760 --> 00:45:07.520 Is there any questions about attraction? 00:45:07.520 --> 00:45:12.360 We like to keep Corey busy if you can't tell. 00:45:12.360 --> 00:45:14.760 It's amazing the way that it is really picked up. 00:45:14.760 --> 00:45:22.320 I mean, in the past quarter or so since, of course, the downturn during COVID, but wow, 00:45:22.320 --> 00:45:25.480 it's really blowing and going. 00:45:25.480 --> 00:45:33.720 But that's great, the interest that people have in coming here and well done, everyone. 00:45:33.720 --> 00:45:35.240 All right. 00:45:35.240 --> 00:45:40.680 I think the next one is Kay, and Kay has been really doing a lot. 00:45:40.680 --> 00:45:43.320 She's really ramped up the business retention and expansion. 00:45:43.320 --> 00:45:50.960 So Kay, I don't know if you have just maybe a quick couple minute update on that. 00:45:50.960 --> 00:45:53.320 Yeah, sure. 00:45:53.320 --> 00:45:57.280 So we have extended the list. 00:45:57.280 --> 00:46:04.440 We originally started the list at about 45 or 50, but we weren't getting as many responses. 00:46:04.440 --> 00:46:10.400 So I've extended the list and put together a historically underutilized business and minority 00:46:10.400 --> 00:46:15.080 owned business list and so I've added those businesses to our retention efforts and made 00:46:15.080 --> 00:46:20.280 contact with those businesses and our scheduling meetings with them. 00:46:20.280 --> 00:46:24.680 Interestingly enough, you can see here in the key takeaways, a lot of our businesses 00:46:24.680 --> 00:46:28.880 that we've met with actually did not, were not hit hard by the COVID. 00:46:28.880 --> 00:46:33.240 Some of them actually saw increases in some of their sales and revenues. 00:46:33.240 --> 00:46:39.680 I think Bunch of Bikes is the poster child for that because their business expanded so 00:46:39.680 --> 00:46:42.840 much where they're looking for additional space in the city, they're looking to expand 00:46:42.840 --> 00:46:48.840 and relocate within the city because of the additional units that they started selling. 00:46:48.840 --> 00:46:52.000 And by the way, they're going to be featured on Shark Tank and I think that's in the report 00:46:52.000 --> 00:46:53.000 as well. 00:46:53.000 --> 00:47:01.560 But the primary concern that a lot of businesses had was in regards to just marketing and business 00:47:01.560 --> 00:47:05.160 leads were the primary challenges and people knowing that they're still existing, that 00:47:05.160 --> 00:47:08.760 they're there and just trying to find some assistance there. 00:47:08.760 --> 00:47:14.500 The strategic plan speaks specifically about including the efforts on the city side to 00:47:14.500 --> 00:47:15.500 address that. 00:47:15.500 --> 00:47:19.760 So we'll be adding that to the list of things that we'll be working on in the future to 00:47:19.760 --> 00:47:21.800 address that for the business concerns. 00:47:21.800 --> 00:47:27.760 But that's the high level in regards to business retention and expansion. 00:47:27.760 --> 00:47:30.920 I don't know if anybody had any questions about that? 00:47:30.920 --> 00:47:35.720 Take it out just in case. 00:47:35.720 --> 00:47:40.000 Good job, Kay. 00:47:40.000 --> 00:47:43.440 Thank you, Mr. Baines. 00:47:43.440 --> 00:47:47.120 And then Kay, the next slide is actually our workforce education and training. 00:47:47.120 --> 00:47:53.400 And this past quarter, Kay worked with a number of our partners, particularly with the Denton 00:47:53.400 --> 00:47:58.640 Black Chamber of Commerce to host a doing business with local government and state agencies 00:47:58.640 --> 00:48:00.400 for minority-owned businesses. 00:48:00.400 --> 00:48:04.800 And so I'll pull that up and then let her kind of tell you about that. 00:48:04.800 --> 00:48:07.640 But what a great success that was. 00:48:07.640 --> 00:48:08.640 It really was. 00:48:08.640 --> 00:48:10.000 And we were so excited. 00:48:10.000 --> 00:48:19.780 The participants, both universities, NCTC, Denton ISD, the city of Denton and North Texas 00:48:19.780 --> 00:48:26.460 Tollway Authority all participated in providing information on how to do business with them. 00:48:26.460 --> 00:48:32.800 We also had the North Central Texas Regional Certification Agency, it's a mouthful, there 00:48:32.800 --> 00:48:39.440 to present on how the businesses can become certified, small business enterprises, minority 00:48:39.440 --> 00:48:45.280 business enterprise, and what those certifications mean for them in regards to procurement and 00:48:45.280 --> 00:48:46.280 contracting. 00:48:46.280 --> 00:48:51.520 We had about 48 attendees and received several emails after the event thanking us for the 00:48:51.520 --> 00:48:55.680 information and how helpful it was. 00:48:55.680 --> 00:48:56.800 So super excited about that. 00:48:56.800 --> 00:49:02.600 The partnerships and the willingness and openness for the partners that we've partnered with 00:49:02.600 --> 00:49:05.760 in the city of Denton has been unmatched. 00:49:05.760 --> 00:49:13.200 I've worked in several cities and I really enjoy the enthusiasm and the intentional, 00:49:13.200 --> 00:49:17.240 just being intentional from the partners in regards to them being open to anything the 00:49:17.240 --> 00:49:21.640 city says that will allow us to support our businesses. 00:49:21.640 --> 00:49:25.560 That was a great event and we look forward to partnering with our chamber and the Denton 00:49:25.560 --> 00:49:31.360 Black Chamber of Commerce on several more events to support that business subset. 00:49:31.360 --> 00:49:35.640 And also, Jessica, I don't know, it's not in the presentation, but I also wanted to 00:49:35.640 --> 00:49:41.720 mention to the group that I'm preparing a minority business roundtable to address the 00:49:41.720 --> 00:49:47.360 strategic plans, efforts on how we can support minority women-owned businesses in the community. 00:49:47.360 --> 00:49:52.760 So we'll be putting together a roundtable so that we can, from our end as professionals, 00:49:52.760 --> 00:49:57.280 can put all the words on the paper that we want to, but until we actually hear from those 00:49:57.280 --> 00:50:01.600 actual businesses what support looks like, we'll help us guide that and ensure that it 00:50:01.600 --> 00:50:03.920 looks like exactly what it needs to look like. 00:50:03.920 --> 00:50:07.360 So we're working on that as well. 00:50:07.360 --> 00:50:17.040 And then I'll go through the last little bit of the report pretty quickly and just wrap 00:50:17.040 --> 00:50:18.040 it up for everyone. 00:50:18.040 --> 00:50:20.640 So the last section is the key activities. 00:50:20.640 --> 00:50:22.840 So this is just where we kind of keep track. 00:50:22.840 --> 00:50:29.240 Things that are in progress, stats that we're wanting to keep track of, just things like 00:50:29.240 --> 00:50:30.680 our business assistance requests. 00:50:30.680 --> 00:50:35.660 So these are our sort of cold calls, a business needs help with any number of things. 00:50:35.660 --> 00:50:41.220 And so we had 51 requests that could range from anything from I need help finding a site, 00:50:41.220 --> 00:50:45.400 I want to open a new business, how do I get started, how do I figure out what my zoning 00:50:45.400 --> 00:50:53.080 is, to how do I set up utilities, to anything kind of in between. 00:50:53.080 --> 00:50:58.360 That's our team working on behalf of businesses or planned businesses in our community to 00:50:58.360 --> 00:51:01.080 get them information that they may need. 00:51:01.080 --> 00:51:05.400 And then what we've highlighted there in the boxes is one, and big things that we want 00:51:05.400 --> 00:51:08.400 to keep in mind and we want the board to be aware of. 00:51:08.400 --> 00:51:12.920 So the Denton Plan 2040, which is an update of our comprehensive plan, which will guide 00:51:12.920 --> 00:51:15.160 the next 15 to 20 years of development. 00:51:15.160 --> 00:51:20.200 So we've got the website listed there, please take a look at that and stay engaged and involved. 00:51:20.200 --> 00:51:24.000 That's a huge community effort and economic development plays a tremendous role in that 00:51:24.000 --> 00:51:25.760 plan. 00:51:25.760 --> 00:51:31.280 And so we want to make sure everyone has that information and can weigh in and give your 00:51:31.280 --> 00:51:35.300 opinion on kind of guiding future development in Denton. 00:51:35.300 --> 00:51:40.980 Our strategic plan was formally adopted on February 9th, so we are celebrating. 00:51:40.980 --> 00:51:46.720 Some other things to kind of be proud of is that the Economic Development Partnership 00:51:46.720 --> 00:51:52.760 received the Texas Economic Development Council's Economic Excellence Recognition Award. 00:51:52.760 --> 00:51:58.480 This speaks to the level of professionalism that our office has, so this includes training 00:51:58.480 --> 00:52:05.160 and certifications and our formalized plans and policies that really kind of says we've 00:52:05.160 --> 00:52:10.720 met significant standards in terms of just the professionalism and operation of our office. 00:52:10.720 --> 00:52:15.520 And then we were also named the Economic Development Partner of the Year by Workforce Solutions 00:52:15.520 --> 00:52:18.020 of North Central Texas. 00:52:18.020 --> 00:52:23.280 And that's, you know, as Kay spoke to our partnerships, we don't do this alone. 00:52:23.280 --> 00:52:28.760 We do this through a large part through the work of our key partners and Workforce Solutions 00:52:28.760 --> 00:52:29.760 is one of those. 00:52:29.760 --> 00:52:36.800 So we're certainly very humbled and thankful that they recognized our efforts to work collaboratively 00:52:36.800 --> 00:52:40.320 with our partners in the community. 00:52:40.320 --> 00:52:44.140 And then the next slides were just some, we thought it'd be fun to include some updates 00:52:44.140 --> 00:52:47.440 from all of the organizations that we work with on a regular basis. 00:52:47.440 --> 00:52:54.240 So Heather and Tracy with the Center for Women Entrepreneurs gave us an update on the conclusion 00:52:54.240 --> 00:52:57.400 of the inaugural Accelerate Her program. 00:52:57.400 --> 00:52:59.040 So a great, great photo there. 00:52:59.040 --> 00:53:05.920 You might see some faces that you recognize, Mr. Baines, former Chairman Marty Rivers there 00:53:05.920 --> 00:53:10.720 in the meeting, Denton Main Street has a number of things going on and this past weekend was 00:53:10.720 --> 00:53:16.680 their spring open house and such a great event to get people continuing to support businesses 00:53:16.680 --> 00:53:18.520 in our community. 00:53:18.520 --> 00:53:23.280 And then the chamber, I know Corey will, I'd be remiss if I didn't say we have our next 00:53:23.280 --> 00:53:25.440 investors reception on May 12th. 00:53:25.440 --> 00:53:29.040 And so look forward to that as well. 00:53:29.040 --> 00:53:34.520 And that's all we sort of have for our key updates on our strategic plan. 00:53:34.520 --> 00:53:39.280 We already went through our strategic plan updates, so I didn't want to duplicate that 00:53:39.280 --> 00:53:46.400 slide again for the board, but so that's Jessica, if I can just do a little bit further plug 00:53:46.400 --> 00:53:51.020 our next investor reception is May 12th, which is a Wednesday evening. 00:53:51.020 --> 00:53:52.520 We're going to do it in person. 00:53:52.520 --> 00:53:58.800 We're trying to find an indoor outdoor venue to kind of make sure base spread out as possible. 00:53:58.800 --> 00:54:04.760 Mr. Edgar with medical city as well as Jeff Rieser will kind of talk about the business 00:54:04.760 --> 00:54:09.960 side of healthcare and their impact economically on the community. 00:54:09.960 --> 00:54:13.760 And then we also have Matt Richardson with Denton County, the Denton County Health Administrator 00:54:13.760 --> 00:54:21.320 to kind of address the health side of healthcare, specifically related to COVID and everybody's 00:54:21.320 --> 00:54:23.160 questions there. 00:54:23.160 --> 00:54:26.400 So I think it's going to be a really, really good event. 00:54:26.400 --> 00:54:29.760 You can go to our website and register for that. 00:54:29.760 --> 00:54:35.240 We'd love to see everyone there. 00:54:35.240 --> 00:54:37.480 Once again, what date is that, Corey? 00:54:37.480 --> 00:54:43.480 It is Wednesday, May 12th, and it's going to be from five to seven ish in the evening. 00:54:43.480 --> 00:54:44.480 Place to be determined. 00:54:44.480 --> 00:54:46.320 Yes, sir. 00:54:46.320 --> 00:54:50.960 We should have that venue worked out here just in the next few days. 00:54:50.960 --> 00:54:51.960 Awesome. 00:54:51.960 --> 00:54:52.960 Awesome. 00:54:52.960 --> 00:54:58.120 Well, I believe we're at the concluding items. 00:54:58.120 --> 00:55:03.320 And typically we would like to ask anyone if there are any things that they would like 00:55:03.320 --> 00:55:08.640 to have on future agendas, please let us know. 00:55:08.640 --> 00:55:11.640 Should they reach out with an email to you, Jessica, or to Erica? 00:55:11.640 --> 00:55:13.800 How should we do that? 00:55:13.800 --> 00:55:20.080 Yes, unfortunately, not to Erica, to Pam. 00:55:20.080 --> 00:55:25.960 The smiling face of Erica Pangburn is enjoying life in Abilene with her husband now, so we 00:55:25.960 --> 00:55:27.640 certainly miss her. 00:55:27.640 --> 00:55:35.120 But yes, reach out to me or Corey or any member of the team, and we will get things added 00:55:35.120 --> 00:55:36.360 if something comes up. 00:55:36.360 --> 00:55:41.840 Please don't hesitate to use us as a resource or let us know if there's a discussion that 00:55:41.840 --> 00:55:44.000 we need to get scheduled. 00:55:44.000 --> 00:55:45.320 Excellent. 00:55:45.320 --> 00:55:53.840 So we'd like to thank everyone for your participation today, your positivity, and your intense interest 00:55:53.840 --> 00:55:56.400 in the city of Denton and its progress. 00:55:56.400 --> 00:55:59.880 And we look forward to seeing everyone at our next meeting, and I hope you have a great 00:55:59.880 --> 00:56:00.880 day. 00:56:00.880 --> 00:56:08.560 Do we have to move a motion to close the meeting? 00:56:08.560 --> 00:56:09.560 You do not. 00:56:09.560 --> 00:56:10.560 You can adjourn it. 00:56:10.560 --> 00:56:11.560 Okay. 00:56:11.560 --> 00:56:12.560 Thank you, everyone. 00:56:12.560 --> 00:56:13.560 We'll see you next time. 00:56:13.560 --> 00:56:14.560 Thanks. 00:56:14.560 --> 00:56:15.400 - Okay.