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I want to recognize the new city council member Nick

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Stevens. Nick was appointed to this board

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yesterday at council. So welcome Nick. Thank you very much.

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Appreciate it. And then so Jill and Nick will be our city

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council

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representatives that are on here at each meeting. Cassie

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also wants to thank you for joining as well.

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We will now begin with presentations from members of the

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public. Do we have any members present?

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So I don't need to read this section. So we'll continue to

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calling individual items for consideration.

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The first item will be item A, EDP 26-019, consider

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approval of the minutes of the June 10th,

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26th Economic Votes Partnership Board meeting. I think

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everybody who received that either emailed on Friday from

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Lindsay.

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Were there any questions regarding that? Okay. So I'll just

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make a motion.

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What was that?

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Ritchie? Second.

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Rick, all in favor say aye.

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Aye.

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All right, motion carries.

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Go to item B, which is EDP 26-020, consider making

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recommendations to the city council for an incentive

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agreement for equipmentshare.com.

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And I recognize Brittany and Clay Parker to present on this

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item.

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So Clay Parker is the primary project manager on this

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project. And so he'll be presenting.

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Good morning, everybody. Clay Parker, business recruitment

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specialist.

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And today I'll be presenting for your consideration the

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intent application for equipmentshare.com.

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Today's objective is a full caption on your agenda to

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approve the set of agreements, or the set of incentive

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agreements rather, for equipmentshare.com, including a

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sales tax rebate on construction materials up to just under

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$211,000, job-based grant dates of $3,000,

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addable R&B date on real property improvements, business

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personal property up to $489,615.

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So just for some background, back in December, the end of

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last year, our office began participating in equipmentshare

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site selection process.

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And on March 17th of this year, they submitted their formal

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incentive application.

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The company itself was founded in 2015 and is currently

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headquartered in Columbia, Missouri.

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And they provide construction solutions, ecosystem support

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through smart job technology and equip the rental, retail,

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and service distribution.

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And just a little bit here, we'll get into those services

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and that equipment.

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At total, they have 8,500 employees, a little bit more than

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that, over 400 locations across 45 states.

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And they're named the 2025-5,000 list of America's fastest

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growing private companies.

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So equipmentshare offers more than 1,000 options for their

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rentals within their equipment.

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And this is across all the different industries you could

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imagine or rather the different types of equipment you

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could imagine on a construction site.

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Everywhere from forklifts to bulldozers to anything for

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bird moving or compaction,

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it's on a construction site is probably a piece of

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equipment that they offer.

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On top of that, they also offer their T3 technology

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platform.

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This is a brand agnostic hardware and software platform

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that connects those jobsite assets on the job site itself.

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And within that, it includes fleet management, dash cam

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access, security, compliance reporting, safety, and

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accountability.

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It really just helps with the efficiency of fleet

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compliance on those sites.

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So the proposed development that's being considered, we

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include a first basic development that we're doing the

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analysis for.

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It is first a distribution center, a 402,000 square feet

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distribution center.

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They'll serve as their second major distribution center

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within the United States.

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And there will be three divisions of the business itself,

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how the pre-engineered metal buildings.

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So that will include heavy dirt equipment, which is just

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under 30,000 square feet for that building, advanced

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solutions, which is just under 30,000 square feet as well.

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And then it also includes site solutions, which is eight

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and a half thousand square feet.

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To be in particular with that, heavy dirt is going to be

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for earth moving equipment, such as bulldozers and excav

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ators.

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Advanced solutions, those services will include climate

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control, compressed air systems, et cetera.

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And site solutions itself will have site access and

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security, fully stocked mobile tool trailers, and on-site

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fueling.

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Just picture what's at those buildings. It's not everything

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that's going to be there, but that gives you an idea of the

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division of business itself.

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And they're currently in those active site selection

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negotiations.

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So the location that they are considering is the North

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Texas Logistics Hub.

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This is the northern portion of the Baker site. Just so you

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get your orientation here, I put a fun compass for us.

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The top of the picture here is east, just so you know what

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we're looking at.

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And that yellow star you see is the property itself.

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It's just about 125 acres in between North Mott Branch and

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FM 1173.

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And this is a property that we've been trying to help

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market for the last two years.

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Big property in our industrial region, something that we

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would obviously love to see some great development on.

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Speaking of that development, this project itself is just

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under 250 million in capital investment.

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That's split with about 75 million going toward

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improvements and just under 154 million going to business

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personal property.

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In particular, I should note that 140 million of that

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business personal property, as you'd imagine, is that

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rental equipment.

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And then all in all, they're estimating 136 jobs.

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We'll get into that breakdown of what those job titles look

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like and some of the salary details.

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As that capital investment transitions to both valuation

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and revenue, you get that picture a little bit here.

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We're going to do an estimated valuation for the northern

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portion of the Baker site because currently it's a single

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plat.

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So basically it's pretty close to even, so we just divided

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it by two.

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So the land itself is just valued north of six million

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dollars.

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There'll be an estimated increase of just under 14 million,

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bringing it to about 20.

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And there's some improvements on the site right now, just a

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few barns, I think, is what DCAD kind of defines it as.

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The estimated increase there is going to be 30 million.

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And then business personal property, there's a fun part of

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the Texas tax code that is a heavy equipment dealer

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designation that has a different set of rules for how that

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equipment is valued.

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We're doing their equation and working with DCAD on that.

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We're estimating there will be just about 11 and a half

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million at peak for that valuation for business personal

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property.

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All in all, that adds about 55 million in valuation,

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bringing us north of 61 million.

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As that transitions to revenue, it basically comes down to

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an estimated increase just over a million dollars in annual

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tax revenue when you consider sales tax figures that were

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provided.

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And that brings the estimated city revenue at about a

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million and thirty eight thousand dollars.

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So the proposal that we have is to do an ad-worn tax rebate

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at 50 percent for five years on real property, which is

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just for new improvements only.

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And business personal property that's estimated to be about

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four hundred eighty nine thousand dollars, which would be

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the cap on that.

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And then sales tax rebate at 50 percent on construction

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materials that we cap to just under two hundred eleven

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thousand dollars.

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As a reminder for that to qualify, a company needs to have

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a Texas Direct Pay Permit, which requires that they have

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eight hundred thousand dollars in purchases, in taxable

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purchases rather, within the state of Texas.

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And that allows them to designate where they want to pay

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sales tax. In this case, the construction materials they're

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purchasing for their development.

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So when something like lumber would maybe be purchased in a

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different part of DFW or a different part of the state,

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this agreement, getting that direct pay permit allows for

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that all to be centrally paid in the city of Denton.

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In that sense, it's kind of a win win for both parties.

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And then finally, based on the jobs themselves, which we'll

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get into in just a second, we are capping out the job based

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grant at eighty three thousand, bringing us to a total of

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seven hundred eighty three thousand five hundred fifty

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three dollars.

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When you plug that all into our software for total economic

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impact, which is impact dashboards, this is the picture of

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that five year rebate and every other incentive that was

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involved in that.

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As we talked about a little bit before impact dashboard, we

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go a little bit more conservative on it and estimating both

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the revenue and the total cap on incentives.

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That's where you see that gap in incentives between what

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they estimate and what our cap is going to be. But all in

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all, it is estimating a one point four year payback period

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with a hundred thirty one percent rate of return.

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And in the bottom right there, you can see that that net

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benefit less incentives over 10 years of analysis is just

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over eleven point three million dollars for the city.

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Performance measures are always baked into our agreements

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for those different grants that I just described, in

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particular for the ad or rebate.

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We require that the company itself received a certificate

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of occupancy after completing their improvements.

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They must reach and maintain and appraise property value

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above the twenty twenty six certified valuation in this

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case.

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So that is also going to be performance measures for the

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sales tax rebate as well with the CEO getting that bar

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ometer of over the twenty six certified valuation.

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And then both for the ad or rebate and the job based grant,

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we're going to require that they must hire, maintain,

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agreed upon number of full time employees.

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That incentive agreement itself is in the final stages of

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legal approval process. So those final terms are just being

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conducted official, but those will be official by the time

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for individual consideration.

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And then here's some of that job wage information that I

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mentioned. You got an idea of a variety of titles on the

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left side of the screen ranging all the way from vice

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president to construction managers to data analysts to

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application engineers.

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You can see how there'd be a wide range of different types

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of occupations within the company itself for the wide range

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of different services I described previously in general,

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running all those numbers together.

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Their average salary for the projected employees came out

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to sixty four thousand five hundred ninety one dollars,

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which is just above our average salary of Q4 twenty twenty

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five sixty four thousand three hundred dollars.

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On top of that, equipment share themselves estimate that

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there will be estimated eight thousand four hundred ninety

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dollars in benefits, including for the match medical,

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vision, dental, et cetera.

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On the right side of the screen, you can see that's how we

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got that eighty three thousand dollar capped job based

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grant.

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In particular, they qualified for year one of added jobs as

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a reminder to qualify for the job based grant. You have to

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either in that particular year, new employees need to have

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an average salary greater than sixty five thousand dollars

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or at least a quarter of those new employees need to be

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making more than seventy five thousand dollars.

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So you see that breakdown between those different brackets,

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depending on the salary and then we also added a resident

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bonus for those qualifying jobs through the reporting

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process and the certificate of compliance that to submit

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every year through the agreement by proving that those new

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employees are residents within the city of Denton.

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They can receive a five hundred dollar bonus per employee

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and that would be capped out at ten employees, but in total

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, an eighty three thousand dollars cap on that job based

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grant.

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As it comes to community impact itself, the company

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provided a lot of great areas about their current work, not

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only in Columbia, which is their headquarters, but across

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their different operations.

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In particular for us, this develops a greenfield site.

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Again, we've been marketing for the last two years and it

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will generate a significant amount of taxes across both

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property and sales and some solid jobs.

259
00:12:59,039 --> 00:13:01,570
If you're basically comparison to some alternative

260
00:13:01,570 --> 00:13:04,389
industries that can take space, it also will spur in field

261
00:13:04,389 --> 00:13:07,259
and infrastructure development, which not only supports

262
00:13:07,259 --> 00:13:10,000
that property, but some of the ordering parcels that are

263
00:13:10,000 --> 00:13:13,220
within the region and it secures this new company with a

264
00:13:13,220 --> 00:13:15,779
grand history of supporting career and technical education

265
00:13:15,779 --> 00:13:17,039
within Missouri through the One Missouri Program.

266
00:13:17,039 --> 00:13:20,049
They have their own targeted recruitment of veterans

267
00:13:20,049 --> 00:13:23,389
currently, and they have a great amount of sustainability

268
00:13:23,389 --> 00:13:26,789
efforts in particular that T3 technology really for those

269
00:13:26,789 --> 00:13:29,950
companies that are using it on site helps reduce the time

270
00:13:29,950 --> 00:13:33,399
of just simply equipment running and the emissions that

271
00:13:33,399 --> 00:13:34,039
creates.

272
00:13:34,039 --> 00:13:36,639
So it really not only have cost level creates efficiency

273
00:13:36,639 --> 00:13:39,460
for those companies on a sustainability level. It also

274
00:13:39,460 --> 00:13:40,039
helps.

275
00:13:40,039 --> 00:13:43,970
And all of those items are highlighted on the right between

276
00:13:43,970 --> 00:13:48,159
our city of debt and strategic plan and our chapter 380

277
00:13:48,159 --> 00:13:50,039
policy considerations.

278
00:13:50,039 --> 00:13:53,279
So staff recommendation is to carry out a chapter 380

279
00:13:53,279 --> 00:13:56,360
agreement, which will be capped at the previous included

280
00:13:56,360 --> 00:13:57,039
figure.

281
00:13:57,039 --> 00:14:00,460
That includes the ad for rebate 50% for five years on both

282
00:14:00,460 --> 00:14:03,909
real property improvements and business personal property

283
00:14:03,909 --> 00:14:07,809
sales tax rebate construction materials at 50% and a job

284
00:14:07,809 --> 00:14:09,039
based credit.

285
00:14:09,039 --> 00:14:13,629
Next steps upon recommendation for approval be going to see

286
00:14:13,629 --> 00:14:18,039
council for individual consideration on August 4.

287
00:14:18,039 --> 00:14:21,039
And I can take any questions.

288
00:14:21,039 --> 00:14:24,500
And I should also note that in the room, we also have Mark

289
00:14:24,500 --> 00:14:27,559
Wallace here from equipment share is the manager of

290
00:14:27,559 --> 00:14:30,039
economic development conditions.

291
00:14:30,039 --> 00:14:31,039
So,

292
00:14:31,039 --> 00:14:36,799
No questions, just comment that if you've been out by the

293
00:14:36,799 --> 00:14:43,039
industrial area going toward the airport at Western,

294
00:14:43,039 --> 00:14:47,029
Boulard and Airport Road, there's a place that puts decals

295
00:14:47,029 --> 00:14:48,039
on vehicles.

296
00:14:48,039 --> 00:14:50,039
There have been hundreds of trucks going through.

297
00:14:50,039 --> 00:14:53,399
They're getting details for this company for the last six

298
00:14:53,399 --> 00:14:54,039
months.

299
00:14:54,039 --> 00:15:00,039
So I think they're committed to our community.

300
00:15:00,039 --> 00:15:03,039
So,

301
00:15:03,039 --> 00:15:06,769
First of all, every time you say T3, I imagine terminators

302
00:15:06,769 --> 00:15:10,039
from the movie actually like renting out.

303
00:15:10,039 --> 00:15:14,039
And so I'd like to know if that's available to terminators.

304
00:15:14,039 --> 00:15:16,039
That'd be great.

305
00:15:16,039 --> 00:15:19,950
And I asked this question to you prior, but on the

306
00:15:19,950 --> 00:15:26,039
requirements regarding the chapter 380 agreement.

307
00:15:26,039 --> 00:15:30,429
Right now we've got the requirements that kind of TBD just

308
00:15:30,429 --> 00:15:35,039
above the last year's certified value at lower value.

309
00:15:35,039 --> 00:15:38,740
When does that get baked in as far as, you know, one sent

310
00:15:38,740 --> 00:15:39,039
over?

311
00:15:39,039 --> 00:15:41,039
Like, what is it that expectation?

312
00:15:41,039 --> 00:15:43,039
When does that get put in?

313
00:15:43,039 --> 00:15:46,039
When will the final terms be finalized?

314
00:15:46,039 --> 00:15:49,950
Specifically to the appraised value requirement in the

315
00:15:49,950 --> 00:15:51,039
chapter 3.

316
00:15:51,039 --> 00:15:54,549
That should obviously be finalized either the end of this

317
00:15:54,549 --> 00:15:58,049
week or early next week due to the posting deadlines for

318
00:15:58,049 --> 00:16:00,039
the individual consideration itself.

319
00:16:00,039 --> 00:16:03,039
We're going to post next week for city council.

320
00:16:03,039 --> 00:16:05,240
So that'll be we're kind of in the final parts of doing

321
00:16:05,240 --> 00:16:07,039
legal approval and everything for that.

322
00:16:07,039 --> 00:16:09,990
Again, as a just explanation for how that typically works

323
00:16:09,990 --> 00:16:12,039
in different incentive agreements,

324
00:16:12,039 --> 00:16:15,509
usually that based on how we carry out our incentive

325
00:16:15,509 --> 00:16:19,470
analysis and that perceive what we think the valuation is

326
00:16:19,470 --> 00:16:20,039
going to be.

327
00:16:20,039 --> 00:16:24,419
Usually that barometer is crossing either about 70 percent

328
00:16:24,419 --> 00:16:28,519
or 80 percent of what that expected increase in valuation

329
00:16:28,519 --> 00:16:29,039
is.

330
00:16:29,039 --> 00:16:31,480
So that's usually how we make that into the agreement

331
00:16:31,480 --> 00:16:32,039
itself.

332
00:16:32,039 --> 00:16:35,509
And that is based on both submitting certificate of

333
00:16:35,509 --> 00:16:38,570
compliance, but also directly connecting it to how DCAD

334
00:16:38,570 --> 00:16:40,039
does their valuation.

335
00:16:40,039 --> 00:16:43,950
So in this case, the parcel itself again, struck stretches

336
00:16:43,950 --> 00:16:46,039
across all of the Baker site.

337
00:16:46,039 --> 00:16:50,230
So they will upon acquiring the site, it will become a new

338
00:16:50,230 --> 00:16:54,700
parcel, which on January 1st, that's when DCAD will carry

339
00:16:54,700 --> 00:16:58,039
out their analysis of valuation of the new parcel.

340
00:16:58,039 --> 00:17:01,950
So all in all, the base year will be set at that 2026

341
00:17:01,950 --> 00:17:03,039
automation.

342
00:17:03,039 --> 00:17:07,039
Thanks for that explanation. I appreciate it.

343
00:17:07,039 --> 00:17:10,039
Did you mention is this their first location in Texas?

344
00:17:10,039 --> 00:17:12,740
This is not their first location in Texas. They have

345
00:17:12,740 --> 00:17:15,710
different, they have a wide variety of locations in Texas

346
00:17:15,710 --> 00:17:17,039
for smaller operations,

347
00:17:17,039 --> 00:17:21,069
but this would be in general, their second large scale

348
00:17:21,069 --> 00:17:23,039
distribution center.

349
00:17:23,039 --> 00:17:24,039
Where's the other, do you know?

350
00:17:24,039 --> 00:17:26,039
The other is in Columbia, Missouri?

351
00:17:26,039 --> 00:17:29,039
Just outside of Columbia, Missouri.

352
00:17:29,039 --> 00:17:31,039
They have retail centers across the state of Texas.

353
00:17:31,039 --> 00:17:32,039
Yes.

354
00:17:32,039 --> 00:17:33,380
And so Midland Gas, that's where I'm from. They're

355
00:17:33,380 --> 00:17:34,039
everywhere.

356
00:17:34,039 --> 00:17:41,039
You can see their rentals everywhere, every site, gas site.

357
00:17:41,039 --> 00:17:41,039
So pretty well known.

358
00:17:41,039 --> 00:17:44,759
Do you feel, not deal specific, but whenever it says like

359
00:17:44,759 --> 00:17:48,049
they pay a living wage for all their, is there a set number

360
00:17:48,049 --> 00:17:49,039
threshold that is a living wage?

361
00:17:49,039 --> 00:17:50,039
What is that for?

362
00:17:50,039 --> 00:17:53,039
So that's, we baked that. It's actually, I think,

363
00:17:53,039 --> 00:17:55,039
specifically called out in our 380 policy.

364
00:17:55,039 --> 00:17:58,950
It's MIT specifically does living wage calculations,

365
00:17:58,950 --> 00:18:02,839
calculations that they consistently update on a quarterly

366
00:18:02,839 --> 00:18:05,039
basis, Erica, on a quarterly basis.

367
00:18:05,039 --> 00:18:08,509
And that is a county to county level. So that's

368
00:18:08,509 --> 00:18:11,039
specifically based on Denton County through MIT.

369
00:18:11,039 --> 00:18:14,039
They not only do a living wage analysis, but they also,

370
00:18:14,039 --> 00:18:16,039
what are the different levels again?

371
00:18:16,039 --> 00:18:18,710
They have a poverty wage, I believe is also what they carry

372
00:18:18,710 --> 00:18:21,279
out, but specifically throughout that high end is the

373
00:18:21,279 --> 00:18:22,039
living wage.

374
00:18:22,039 --> 00:18:24,039
Do you know what that number is?

375
00:18:24,039 --> 00:18:26,039
I can find it.

376
00:18:26,039 --> 00:18:29,039
You can let me know there. I'm just curious.

377
00:18:29,039 --> 00:18:33,039
I had a question. The must do's was pretty long list.

378
00:18:33,039 --> 00:18:38,480
So I guess the question I'm asking is not in the punishment

379
00:18:38,480 --> 00:18:40,740
mindset, but it's like, is it an all or nothing kind of

380
00:18:40,740 --> 00:18:41,039
thing?

381
00:18:41,039 --> 00:18:44,279
Like you have to meet all these requirements too, or is

382
00:18:44,279 --> 00:18:47,710
there a discussion in between just because the list was big

383
00:18:47,710 --> 00:18:48,039
?

384
00:18:48,039 --> 00:18:50,039
Absolutely.

385
00:18:50,039 --> 00:18:53,279
So they're set out for success and we're set out for

386
00:18:53,279 --> 00:18:54,039
success.

387
00:18:54,039 --> 00:18:57,039
So some of them are split a little bit.

388
00:18:57,039 --> 00:19:01,599
In particular, like the sales tax rebate doesn't have the

389
00:19:01,599 --> 00:19:05,579
same job based requirement of meeting those minimum amount

390
00:19:05,579 --> 00:19:09,039
of employees because the sales tax rebates more focused on

391
00:19:09,039 --> 00:19:12,130
that initial development stage and erecting the building

392
00:19:12,130 --> 00:19:16,039
and creating the improvements that were described.

393
00:19:16,039 --> 00:19:20,119
But again, we really do have open communication with our

394
00:19:20,119 --> 00:19:24,130
prospects as we go through these performance metrics to

395
00:19:24,130 --> 00:19:26,099
ensure not only early on when they create the capital

396
00:19:26,099 --> 00:19:28,640
investment figures that they're describing, we try to

397
00:19:28,640 --> 00:19:31,319
communicate early on, hey, this is what's going to be baked

398
00:19:31,319 --> 00:19:33,039
into the agreement itself.

399
00:19:33,039 --> 00:19:36,039
This is something we can reach and come back around to.

400
00:19:36,039 --> 00:19:38,799
And again, that's kind of where we create a little bit

401
00:19:38,799 --> 00:19:41,829
about we understand that construction is a unpredictable

402
00:19:41,829 --> 00:19:44,700
business and sometimes you can be over or under and in the

403
00:19:44,700 --> 00:19:47,640
same way, the way your property ends up getting valued by

404
00:19:47,640 --> 00:19:51,039
decals unpredictable in some senses to really just depends.

405
00:19:51,039 --> 00:19:54,180
So that's where we try to create that way to make sure that

406
00:19:54,180 --> 00:19:57,579
these are performance metrics that accomplish both sides of

407
00:19:57,579 --> 00:20:00,460
it and make sure that the project is the rule that was

408
00:20:00,460 --> 00:20:03,799
described, but it's not something so strict and stringent

409
00:20:03,799 --> 00:20:07,160
that it doesn't allow for the normal flexibility of

410
00:20:07,160 --> 00:20:08,039
development.

411
00:20:08,039 --> 00:20:13,039
Thank you.

412
00:20:13,039 --> 00:20:17,710
Sorry, I just thought of after Rick's comment, a concern in

413
00:20:17,710 --> 00:20:21,730
the past with this board has been that we don't want to

414
00:20:21,730 --> 00:20:26,319
recommend offering incentives if the decision has already

415
00:20:26,319 --> 00:20:28,039
been made to come.

416
00:20:28,039 --> 00:20:31,700
Can you speak to the property has or has not been purchased

417
00:20:31,700 --> 00:20:34,960
and do you believe that this incentive is part of the

418
00:20:34,960 --> 00:20:38,309
reason for the decision and if you just wouldn't mind

419
00:20:38,309 --> 00:20:42,210
speaking to that that's something that we've always wanted

420
00:20:42,210 --> 00:20:43,039
to make sure of.

421
00:20:43,039 --> 00:20:44,039
Yeah, absolutely.

422
00:20:44,039 --> 00:20:46,039
The property has not been purchased.

423
00:20:46,039 --> 00:21:02,049
That's legally kind of required for us in this sense. And

424
00:21:02,049 --> 00:21:02,160
on top of that, I mean, we've been talking to them since

425
00:21:02,160 --> 00:21:02,319
they've been considering other sites and that's just the

426
00:21:02,319 --> 00:21:02,460
name of the game of the site selection process is whittling

427
00:21:02,460 --> 00:21:02,640
down getting this lower and smaller and smaller lists in

428
00:21:02,640 --> 00:21:06,240
that sense and really, especially for a site like this, it

429
00:21:06,240 --> 00:21:09,130
's a green field is going to need a little bit of work on

430
00:21:09,130 --> 00:21:11,460
the land side of things and the infrastructure side of

431
00:21:11,460 --> 00:21:14,140
things, which, you know, compared to alternative sites

432
00:21:14,140 --> 00:21:15,039
might not be the case.

433
00:21:15,039 --> 00:21:17,960
I'm not familiar with the other sites would be that are

434
00:21:17,960 --> 00:21:21,250
being considered, but especially from green field always

435
00:21:21,250 --> 00:21:23,990
the scale of this development, having that added

436
00:21:23,990 --> 00:21:26,779
partnership with the city is kind of key to be able to

437
00:21:26,779 --> 00:21:30,039
carry out the improvements that would be necessary.

438
00:21:30,039 --> 00:21:34,039
I don't mind over speaking at all here, but I can openly

439
00:21:34,039 --> 00:21:38,210
say that we currently have site selection resources and

440
00:21:38,210 --> 00:21:42,670
initial incentive packages back from the Atlanta area, the

441
00:21:42,670 --> 00:21:47,140
Indianapolis area, the Columbus area and the Salt Lake City

442
00:21:47,140 --> 00:21:48,039
area.

443
00:21:48,039 --> 00:21:53,950
So, very much a competitive project out of really all 50

444
00:21:53,950 --> 00:21:59,630
states, but in maybe a more feasible idea here would be

445
00:21:59,630 --> 00:22:04,700
probably three out of the 20 or so states. We've engaged on

446
00:22:04,700 --> 00:22:07,759
this. We'll see some form of large scale development over

447
00:22:07,759 --> 00:22:09,039
the next 10 years.

448
00:22:09,039 --> 00:22:13,569
This would be our first large scale expansion outside the

449
00:22:13,569 --> 00:22:18,640
state of Missouri that isn't just a retail location. So, we

450
00:22:18,640 --> 00:22:22,329
are doing our due diligence. We have a team of economic

451
00:22:22,329 --> 00:22:25,700
developers internally as well and we always have to over

452
00:22:25,700 --> 00:22:30,039
explain to our folks what it means to remain a competitive

453
00:22:30,039 --> 00:22:32,759
project and the land not just in the right place, but with

454
00:22:32,759 --> 00:22:33,039
the right partners.

455
00:22:33,039 --> 00:22:37,700
So, Brittany and Clay have been great so far and that's no

456
00:22:37,700 --> 00:22:41,960
small part of why we're moving forward with even this

457
00:22:41,960 --> 00:22:43,039
meeting.

458
00:22:43,039 --> 00:22:46,650
Thank you so much for that feedback and we welcome you here

459
00:22:46,650 --> 00:22:50,740
and hope you love it as much as we do. Thank you and thank

460
00:22:50,740 --> 00:22:52,039
you so much.

461
00:22:52,039 --> 00:23:07,039
Thank you.

462
00:23:07,039 --> 00:23:10,190
Not a certain percentage. That's a recent thing that I'm

463
00:23:10,190 --> 00:23:13,029
not sure if I'm allowed to kind of describe some of the

464
00:23:13,029 --> 00:23:16,190
private conversations that happen with that, but I can at

465
00:23:16,190 --> 00:23:19,420
least describe that for the first time last year, just over

466
00:23:19,420 --> 00:23:23,119
last year, I'm going to say it was approved in December,

467
00:23:23,119 --> 00:23:26,059
our engine tech agreement was the first time we added

468
00:23:26,059 --> 00:23:30,039
resident bonus consideration, which was under the

469
00:23:30,039 --> 00:23:33,440
questioning of how do we make sure that some of this stays

470
00:23:33,440 --> 00:23:36,039
in Denton and those the incentive we're putting towards the

471
00:23:36,039 --> 00:23:36,039
end.

472
00:23:36,039 --> 00:23:39,650
And if we're putting towards this creates jobs here so that

473
00:23:39,650 --> 00:23:43,130
was our current approach with engine tech so this is going

474
00:23:43,130 --> 00:23:46,480
to be mirrored off of that incentive agreement it's not

475
00:23:46,480 --> 00:23:50,009
based off of a percentage requirements to receive the job

476
00:23:50,009 --> 00:23:54,089
base in general currently is truly a bonus so the incentive

477
00:23:54,089 --> 00:23:59,500
itself has a portion of it that is dedicated to hey you can

478
00:23:59,500 --> 00:24:02,039
get up to the $83,000 cap.

479
00:24:02,039 --> 00:24:05,759
And to do that, you need to make sure that X number of the

480
00:24:05,759 --> 00:24:09,569
new employees you're bringing on are going to be proven to

481
00:24:09,569 --> 00:24:13,630
be residents of the city itself. So it's not more so of a

482
00:24:13,630 --> 00:24:16,640
percentage to be able to qualify for the entire thing is a

483
00:24:16,640 --> 00:24:20,180
bonus to kind of reach the last portion of the cap

484
00:24:20,180 --> 00:24:21,039
agreement itself.

485
00:24:21,039 --> 00:24:24,950
So, it's something that we based off of something we did

486
00:24:24,950 --> 00:24:28,450
for the first time a couple years ago or I think it was a

487
00:24:28,450 --> 00:24:32,630
year and a half ago. Some of we're still exploring workshop

488
00:24:32,630 --> 00:24:33,039
.

489
00:24:33,039 --> 00:24:43,819
So, we're still trying to figure out how to make sure that

490
00:24:43,819 --> 00:24:52,039
we're getting the best out of the job base. So, we're still

491
00:24:52,039 --> 00:24:52,039
trying to figure out how to make sure that we're getting

492
00:24:52,039 --> 00:24:52,039
the best out of the job base.

493
00:24:52,039 --> 00:25:07,039
We will move to work.

494
00:25:07,039 --> 00:25:13,940
The chief economic development officer at the Texas

495
00:25:13,940 --> 00:25:22,039
executive director of the Texas talent accelerator program.

496
00:25:22,039 --> 00:25:25,329
As a reminder for to the support of our guest speaker

497
00:25:25,329 --> 00:25:30,039
series and so we're very thankful to have been in today's.

498
00:25:30,039 --> 00:25:37,039
Accelerator.

499
00:25:37,039 --> 00:25:39,579
It's an honor to be here. My name is Ben McGill. I'm the

500
00:25:39,579 --> 00:25:44,250
chief economic development officer at T, as well as another

501
00:25:44,250 --> 00:25:49,039
half the executive director of the Texas talent accelerator

502
00:25:49,039 --> 00:25:49,039
.

503
00:25:49,039 --> 00:25:52,609
I've been in economic development workforce development in

504
00:25:52,609 --> 00:25:56,529
the North Texas region since about 2010. I've worked at

505
00:25:56,529 --> 00:25:59,829
cities and chambers and community college and now even T

506
00:25:59,829 --> 00:26:01,039
and this project.

507
00:26:01,039 --> 00:26:05,039
And so excited to tell you about this this morning.

508
00:26:05,039 --> 00:26:09,039
What is the Texas talent accelerator?

509
00:26:09,039 --> 00:26:13,170
It is a regional intelligence hub. What does that mean? We

510
00:26:13,170 --> 00:26:15,039
'll dig into that a little bit.

511
00:26:15,039 --> 00:26:24,809
But the basic info is that the Texas talent is a regional

512
00:26:24,809 --> 00:26:30,140
intelligence hub founded by you and T with a special item

513
00:26:30,140 --> 00:26:34,809
through the Texas legislature to create a regional resource

514
00:26:34,809 --> 00:26:35,039
.

515
00:26:35,039 --> 00:26:39,710
Okay, to to help us understand the labor market, help us

516
00:26:39,710 --> 00:26:44,140
get more aligned as a region. So, while this is being

517
00:26:44,140 --> 00:26:48,329
founded by you and T, the intention is to serve the entire

518
00:26:48,329 --> 00:26:49,039
region.

519
00:26:49,039 --> 00:26:53,140
So, any educational institution that wants to become more

520
00:26:53,140 --> 00:26:57,160
labor market aligned, we are here to help. So, think of

521
00:26:57,160 --> 00:27:01,119
think of the accelerator as not only an intelligence hub or

522
00:27:01,119 --> 00:27:05,039
labor market data, but also an extension service.

523
00:27:05,039 --> 00:27:09,000
So, what is labor market alignment? You all probably know

524
00:27:09,000 --> 00:27:12,569
this given the time that you spend in meetings like this

525
00:27:12,569 --> 00:27:16,630
economic development, but it's really making sure that the

526
00:27:16,630 --> 00:27:21,039
programs, the certificates, the degrees that we're offering

527
00:27:21,039 --> 00:27:24,650
at you and T and other colleges and universities around the

528
00:27:24,650 --> 00:27:30,309
region are of value to the students who are spending their

529
00:27:30,309 --> 00:27:33,039
time and energy to get those degrees.

530
00:27:33,039 --> 00:27:36,390
And that they have value in the marketplace. Are they

531
00:27:36,390 --> 00:27:39,890
aligned with the needs of employers? Right? So, we spend a

532
00:27:39,890 --> 00:27:43,039
lot of time as a team looking at labor market data.

533
00:27:43,039 --> 00:27:46,970
But as you all may have experienced, the data does not tell

534
00:27:46,970 --> 00:27:50,819
us everything. Right? So, we spend a lot of time also

535
00:27:50,819 --> 00:27:55,359
talking with economic development organizations, employers,

536
00:27:55,359 --> 00:27:58,920
other colleges and universities and trying to bring

537
00:27:58,920 --> 00:28:02,549
everybody together on a regular basis to get an idea of

538
00:28:02,549 --> 00:28:05,039
what's going on in the region.

539
00:28:05,039 --> 00:28:09,119
So, let me tell you a little bit about that work. And by

540
00:28:09,119 --> 00:28:13,509
the way, please just interrupt me if you have questions and

541
00:28:13,509 --> 00:28:18,180
I'll go until you all kind of just cut me off. Whatever

542
00:28:18,180 --> 00:28:20,039
feels right.

543
00:28:20,039 --> 00:28:24,579
So, we recently had one of our quarterly convenings down at

544
00:28:24,579 --> 00:28:28,849
Pegasus Park in Dallas. We brought together multiple

545
00:28:28,849 --> 00:28:32,960
colleges and universities, economic development

546
00:28:32,960 --> 00:28:37,599
organizations, employers to kind of talk about this concept

547
00:28:37,599 --> 00:28:43,039
, get feedback on the data that we've been working on.

548
00:28:43,039 --> 00:28:48,920
And we really want to not only be an intelligence hub,

549
00:28:48,920 --> 00:28:52,819
right? And collect this data and understand this data, but

550
00:28:52,819 --> 00:28:56,099
put it into action. Actionable insights is what we're

551
00:28:56,099 --> 00:28:58,500
really after. Right? So, what do we do about all these

552
00:28:58,500 --> 00:29:02,039
insights? If it's just data, that's great.

553
00:29:02,039 --> 00:29:05,599
But we got to put it into action and really change things

554
00:29:05,599 --> 00:29:08,039
and make an impact for the region.

555
00:29:08,039 --> 00:29:13,859
So, as we've been doing this work over the last, let's see,

556
00:29:13,859 --> 00:29:18,119
we started officially on September 1st last year, so we're

557
00:29:18,119 --> 00:29:22,029
not even out of year yet. But as we've been doing this,

558
00:29:22,029 --> 00:29:25,319
these are some of the things that have emerged from the

559
00:29:25,319 --> 00:29:28,210
listening sessions that we've had, the interactions we've

560
00:29:28,210 --> 00:29:30,039
had with our different stakeholder groups.

561
00:29:30,039 --> 00:29:33,759
Our region needs a better understanding of emerging skills

562
00:29:33,759 --> 00:29:37,190
and the impact of AI on that workforce. Soft skills are

563
00:29:37,190 --> 00:29:40,599
still important or durable skills are still important

564
00:29:40,599 --> 00:29:44,039
managing the transition to and within workforce.

565
00:29:44,039 --> 00:29:48,480
Priorities should revolve around pathways to target occup

566
00:29:48,480 --> 00:29:53,029
ations. What's the best way, what's the best pathway to get

567
00:29:53,029 --> 00:29:57,339
to that living wage job or that thriving wage job? What's

568
00:29:57,339 --> 00:30:01,240
going to get me there fastest? What's the most efficient

569
00:30:01,240 --> 00:30:04,700
route to that? What's the degree or the certification or

570
00:30:04,700 --> 00:30:10,039
the key skills that are going to get me that good job?

571
00:30:10,039 --> 00:30:10,039
Right?

572
00:30:10,039 --> 00:30:14,700
And then insights on graduate employment outcomes. If you

573
00:30:14,700 --> 00:30:20,950
've spent any time in the labor market data space, there is

574
00:30:20,950 --> 00:30:25,319
kind of a, there's a black hole in terms of where are

575
00:30:25,319 --> 00:30:28,039
people winding up. Right?

576
00:30:28,039 --> 00:30:31,769
There's a lot of information about what students are

577
00:30:31,769 --> 00:30:35,640
studying and what type of talent is needed. If you all work

578
00:30:35,640 --> 00:30:39,630
for a company, own a company, you have a really good idea

579
00:30:39,630 --> 00:30:42,039
of what you need in terms of talent.

580
00:30:42,039 --> 00:30:45,950
And we have a lot of great institutions that are offering a

581
00:30:45,950 --> 00:30:49,440
lot of great programs, but we kind of don't know once

582
00:30:49,440 --> 00:30:53,200
students graduate where they wind up. And that's a key

583
00:30:53,200 --> 00:30:56,670
piece of information to help us do our work better as

584
00:30:56,670 --> 00:31:00,400
educational institutions. So that's something we're trying

585
00:31:00,400 --> 00:31:01,039
to dig into.

586
00:31:01,039 --> 00:31:04,769
We're working with the state. We're working with other

587
00:31:04,769 --> 00:31:08,349
partners around the country to kind of help shine a light

588
00:31:08,349 --> 00:31:12,640
on that and better understand employment outcomes. And I'll

589
00:31:12,640 --> 00:31:16,039
tell you a little bit about that in a minute.

590
00:31:16,039 --> 00:31:20,039
Why we think this work matters.

591
00:31:20,039 --> 00:31:23,240
As we've talked about workforce demand is being rapidly res

592
00:31:23,240 --> 00:31:25,039
haped for a number of reasons.

593
00:31:25,039 --> 00:31:29,039
At least of these AI.

594
00:31:29,039 --> 00:31:31,559
Skills needs are evolving faster than traditional systems

595
00:31:31,559 --> 00:31:35,690
in the labor market data world. We have these very outdated

596
00:31:35,690 --> 00:31:39,910
occupation titles that do not translate to what, you know,

597
00:31:39,910 --> 00:31:43,579
the jobs that people are applying for. Right? When you look

598
00:31:43,579 --> 00:31:45,039
at online job postings.

599
00:31:45,039 --> 00:31:49,039
The data exists, but it's fragmented.

600
00:31:49,039 --> 00:31:51,460
So this current situation requires a new coordinated

601
00:31:51,460 --> 00:31:54,539
approach. There are a lot of great institutions, a lot of

602
00:31:54,539 --> 00:31:57,589
great economic development organizations that are all

603
00:31:57,589 --> 00:32:01,039
looking at data, trying to make data informed decisions.

604
00:32:01,039 --> 00:32:04,509
But our our hope and our goal is to kind of have a

605
00:32:04,509 --> 00:32:08,339
coordinated vision and understanding for the region and to

606
00:32:08,339 --> 00:32:12,630
be communicating about communicating about that working on

607
00:32:12,630 --> 00:32:16,809
that together as a region. Because as you all know, people

608
00:32:16,809 --> 00:32:20,039
drive all across this region to go to work.

609
00:32:20,039 --> 00:32:23,990
They might live in Denton and drive somewhere else, vice

610
00:32:23,990 --> 00:32:28,130
versa to go to their job. And so it's really important that

611
00:32:28,130 --> 00:32:32,039
we think about this as a regional regional economy.

612
00:32:32,039 --> 00:32:35,069
So, as I mentioned, really the core of this is both

613
00:32:35,069 --> 00:32:38,680
understanding the labor market data, as well as getting the

614
00:32:38,680 --> 00:32:41,930
stakeholder group together to talk about what they're

615
00:32:41,930 --> 00:32:43,039
witnessing.

616
00:32:43,039 --> 00:32:46,950
What's missing from the data so that we have a better

617
00:32:46,950 --> 00:32:50,839
understanding and can build towards that. So quarterly

618
00:32:50,839 --> 00:32:54,630
basis, we convene the stakeholder network, education

619
00:32:54,630 --> 00:32:58,039
institutions, economic development employers, etc.

620
00:32:58,039 --> 00:33:01,950
To get to get that feedback. And then we turn that into

621
00:33:01,950 --> 00:33:06,519
into action, right? Actionable insights. So I'll take you a

622
00:33:06,519 --> 00:33:10,299
little bit. I'll show you a little bit about what we've

623
00:33:10,299 --> 00:33:13,380
done as it relates to health care. There's a couple of

624
00:33:13,380 --> 00:33:14,039
other examples in here, too.

625
00:33:14,039 --> 00:33:19,009
We may not have time for that today, but as you all know,

626
00:33:19,009 --> 00:33:24,069
this region, it's both a blessing and a curse that we have

627
00:33:24,069 --> 00:33:28,039
such economic diversity in this region.

628
00:33:28,039 --> 00:33:33,920
Any one industry does not overpower the others. So all of

629
00:33:33,920 --> 00:33:39,630
our work would be a little bit easier if we just had two,

630
00:33:39,630 --> 00:33:45,089
three industries and that's all we had to figure out. For

631
00:33:45,089 --> 00:33:45,839
better or for worse, that's not the situation in North

632
00:33:45,839 --> 00:33:46,039
Texas.

633
00:33:46,039 --> 00:33:50,079
All the industries matter. All the industry sectors matter.

634
00:33:50,079 --> 00:33:53,839
We have to respond to that as educational institutions. And

635
00:33:53,839 --> 00:33:57,630
so as a result, we have lots of programs, lots of degrees

636
00:33:57,630 --> 00:33:59,039
across many sectors.

637
00:33:59,039 --> 00:34:04,910
But health care is constantly consistently at the top. That

638
00:34:04,910 --> 00:34:10,630
's a big one. That is a big one. Not only in North Texas,

639
00:34:10,630 --> 00:34:16,039
but around the country. And it's only going to continue to

640
00:34:16,039 --> 00:34:17,039
grow.

641
00:34:17,039 --> 00:34:21,710
It's been the most consistent source of job growth since

642
00:34:21,710 --> 00:34:27,230
2023 in the U.S. And that tracks with Texas as well and

643
00:34:27,230 --> 00:34:31,599
with North Texas. So while it's something that we tend to

644
00:34:31,599 --> 00:34:36,050
understand and spend a lot of time on, and it may not be

645
00:34:36,050 --> 00:34:42,619
the most exciting topic of the day, this is a behemoth

646
00:34:42,619 --> 00:34:44,800
sector and something that's going to continue to be really

647
00:34:44,800 --> 00:34:46,039
important to continue to grow.

648
00:34:46,039 --> 00:34:50,300
So that's something we've really focused on as of late. You

649
00:34:50,300 --> 00:34:54,599
can see here why this matters to the DFW economy. Jobs grew

650
00:34:54,599 --> 00:34:58,960
by over 500,000 plus over the last five years, projected

651
00:34:58,960 --> 00:35:00,039
through more.

652
00:35:00,039 --> 00:35:04,880
Lots of job postings across a ton of companies over the

653
00:35:04,880 --> 00:35:10,280
last 12 months. So again, this is a big, important sector

654
00:35:10,280 --> 00:35:12,039
to pay attention to.

655
00:35:12,039 --> 00:35:16,289
After doing putting together this health care report, which

656
00:35:16,289 --> 00:35:19,780
I'm going to share with you all if you don't mind just

657
00:35:19,780 --> 00:35:21,039
passing this.

658
00:35:21,039 --> 00:35:25,269
This is an executive summary of a health care report that

659
00:35:25,269 --> 00:35:27,860
we did. We did a lot of the data work to kind of understand

660
00:35:27,860 --> 00:35:30,639
what we were working with. And then we spent a lot of time

661
00:35:30,639 --> 00:35:36,139
talking with employers, talking with the DFW Hospital

662
00:35:36,139 --> 00:35:39,039
Council Association Foundation, excuse me,

663
00:35:39,039 --> 00:35:41,539
to really understand what they were seeing across all these

664
00:35:41,539 --> 00:35:45,019
different health care systems. And some of the things that

665
00:35:45,019 --> 00:35:48,889
came out were, you know, we've got to get, we've got to get

666
00:35:48,889 --> 00:35:50,039
into the weeds.

667
00:35:50,039 --> 00:35:54,579
We've got to get a closer relationship with industry, not

668
00:35:54,579 --> 00:35:59,309
once candidates or employees or students graduating, but

669
00:35:59,309 --> 00:36:03,480
when they're looking for what career to go into, when they

670
00:36:03,480 --> 00:36:06,130
're looking in high school, middle school or high school,

671
00:36:06,130 --> 00:36:08,039
like, what is my career going to be?

672
00:36:08,039 --> 00:36:12,510
That's where we need employer engagement. That's the kind

673
00:36:12,510 --> 00:36:18,039
of connection we want to foster.

674
00:36:18,039 --> 00:36:21,260
We need an employer's employees, excuse me, really need

675
00:36:21,260 --> 00:36:26,389
these wraparound supports. So we find things like, you know

676
00:36:26,389 --> 00:36:30,619
, affordable housing, you know, people having to drive

677
00:36:30,619 --> 00:36:34,269
across, you know, county to be able to get to the job, the

678
00:36:34,269 --> 00:36:36,039
living wage job.

679
00:36:36,039 --> 00:36:39,079
And, you know, that, that living wage being really affected

680
00:36:39,079 --> 00:36:41,849
when they're having to spend so much money on other things

681
00:36:41,849 --> 00:36:45,659
like trying to find childcare, etc. So these things have to

682
00:36:45,659 --> 00:36:49,039
be addressed jointly across the ecosystem.

683
00:36:49,039 --> 00:36:53,480
Allied health roles are super critical. And sometimes, you

684
00:36:53,480 --> 00:36:57,539
know, these are roles in which they pay a really good wage,

685
00:36:57,539 --> 00:37:02,039
but don't necessarily need a bachelor's or master's degree.

686
00:37:02,039 --> 00:37:07,460
So, this is something that we found out in talking with our

687
00:37:07,460 --> 00:37:13,019
friends at the hospital council foundation, which really

688
00:37:13,019 --> 00:37:15,039
this blew me away.

689
00:37:15,039 --> 00:37:19,239
This was in Collin County, specifically, signing bonuses

690
00:37:19,239 --> 00:37:25,039
for radiologic technology reaching as high as $30,000.

691
00:37:25,039 --> 00:37:28,769
They also highlighted the fact that I think in Collin

692
00:37:28,769 --> 00:37:32,840
County, specifically, there was no training program for

693
00:37:32,840 --> 00:37:38,670
grad techs. And so that's an opportunity for an institution

694
00:37:38,670 --> 00:37:42,039
to build, build in and fill that gap.

695
00:37:42,039 --> 00:37:46,760
When I talked earlier about understanding outcomes,

696
00:37:46,760 --> 00:37:51,989
understanding where students are winding up, and how we can

697
00:37:51,989 --> 00:37:56,360
kind of dig in and kind of develop pathways. This is not a

698
00:37:56,360 --> 00:37:58,039
totally holistic picture, but it's information that we can

699
00:37:58,039 --> 00:38:03,039
glean from online profiles.

700
00:38:03,039 --> 00:38:08,610
We're trying to trying to enrich this data by getting

701
00:38:08,610 --> 00:38:13,039
actual workforce data from the state.

702
00:38:13,039 --> 00:38:20,130
It gives us an idea of not only outputs of where graduates

703
00:38:20,130 --> 00:38:27,829
coming from, what types of degrees are they getting, where

704
00:38:27,829 --> 00:38:34,110
are they winding up in the workplace, right? So it begins

705
00:38:34,110 --> 00:38:34,440
to help us kind of track back and think about the types of

706
00:38:34,440 --> 00:38:35,039
investments we're making in programs and what we offer.

707
00:38:35,039 --> 00:38:38,949
Some of those outcomes you can see here, occupations

708
00:38:38,949 --> 00:38:42,690
entered from all of those graduate outcomes of health

709
00:38:42,690 --> 00:38:46,980
programs across the region. Not shocking to see registered

710
00:38:46,980 --> 00:38:52,039
nurses at the top of that list. That's a big one.

711
00:38:52,039 --> 00:38:57,039
I will move quickly through these.

712
00:38:57,039 --> 00:39:00,179
So what education levels do workers in these occupations

713
00:39:00,179 --> 00:39:03,550
hold? 52% of them do hold a bachelor's degree, 28%

714
00:39:03,550 --> 00:39:06,820
associate's degree. So it just gives you a flavor of what

715
00:39:06,820 --> 00:39:09,780
type of education, what level of education is needed for

716
00:39:09,780 --> 00:39:11,039
some of these roles.

717
00:39:11,039 --> 00:39:17,639
Which institutions feed these occupations? So where are

718
00:39:17,639 --> 00:39:24,360
students coming from and wind up in these? Again, it gives

719
00:39:24,360 --> 00:39:29,039
us an idea of output across the region.

720
00:39:29,039 --> 00:39:32,300
Skills gaps. This is often a conversation that comes up

721
00:39:32,300 --> 00:39:35,679
with employers, as you all know. Students are coming out

722
00:39:35,679 --> 00:39:39,079
with these great degrees, but where are the communication

723
00:39:39,079 --> 00:39:42,670
skills, where are the soft skills, the durable skills, the

724
00:39:42,670 --> 00:39:45,039
problem solving, the teamwork, et cetera.

725
00:39:45,039 --> 00:39:49,059
So those are things that are really valuable that we can

726
00:39:49,059 --> 00:39:53,519
communicate back to our higher ed institutions to say, let

727
00:39:53,519 --> 00:39:57,710
's make sure we're addressing these things in programs and

728
00:39:57,710 --> 00:39:59,039
curriculum.

729
00:39:59,039 --> 00:40:07,039
So I will pause there. Does anyone have any questions?

730
00:40:07,039 --> 00:40:16,639
On the graph, where's Strata? Is there a statistic that

731
00:40:16,639 --> 00:40:20,289
shows basically the first column feeding into the last

732
00:40:20,289 --> 00:40:26,130
column? Meaning, states in the region, other US or states

733
00:40:26,130 --> 00:40:27,039
in Texas?

734
00:40:27,039 --> 00:40:34,210
From the, by which school? Or is it all pretty consistent

735
00:40:34,210 --> 00:40:42,849
if you go to UTD, UTA, North Texas, TWA, that the retention

736
00:40:42,849 --> 00:40:47,280
in North Texas or retention in Texas or not retention in

737
00:40:47,280 --> 00:40:50,019
the US is all pretty consistent regardless of the

738
00:40:50,019 --> 00:40:51,039
institution?

739
00:40:51,039 --> 00:40:59,130
We could. We do have a way to look at that by institution.

740
00:40:59,130 --> 00:41:04,269
Yeah, I mean, I mean, obviously, now, but that might be

741
00:41:04,269 --> 00:41:08,659
interesting to see if North Texas or TWA is, you know,

742
00:41:08,659 --> 00:41:11,039
staying consistent with the others or better.

743
00:41:11,039 --> 00:41:18,349
Yeah, what I will say in general, my experience has been

744
00:41:18,349 --> 00:41:26,780
that students who are from, let's say, for example, a lower

745
00:41:26,780 --> 00:41:32,039
socioeconomic background tend to stay in the region.

746
00:41:32,039 --> 00:41:36,429
Now, the differentiator, as you would imagine, is as

747
00:41:36,429 --> 00:41:41,639
students get more education, their mobility changes. Right.

748
00:41:41,639 --> 00:41:44,980
So, but if they come from the region, and they tend to come

749
00:41:44,980 --> 00:41:48,039
from this, we saw this at Dallas College as well.

750
00:41:48,039 --> 00:41:52,250
Students in that from that background tend to have more of

751
00:41:52,250 --> 00:41:56,519
a loyalty, so to speak, to the region. But then as you as

752
00:41:56,519 --> 00:42:00,550
you receive more education, you earn more degrees and

753
00:42:00,550 --> 00:42:04,039
certificates, you become more mobile.

754
00:42:04,039 --> 00:42:12,289
So you look at opportunities elsewhere. So just that we

755
00:42:12,289 --> 00:42:19,119
could. Yeah, we could dig into that more. The reason I kind

756
00:42:19,119 --> 00:42:19,369
of brought them on, I guess there's a chart or staff that

757
00:42:19,369 --> 00:42:19,679
just came out. You'll probably see it on social media, but

758
00:42:19,679 --> 00:42:21,039
where it shows by state how many people stay in the state

759
00:42:21,039 --> 00:42:23,039
that they were born in versus moving elsewhere.

760
00:42:23,039 --> 00:42:26,130
And like I'll say it's like Minnesota was the number one,

761
00:42:26,130 --> 00:42:29,320
and then California was obviously pretty low just because

762
00:42:29,320 --> 00:42:32,510
it sounds like the last few years been flooded apartment,

763
00:42:32,510 --> 00:42:35,039
but I was just seeing how that tied to it.

764
00:42:35,039 --> 00:42:39,429
Yeah, well I think that's that's also why it's important

765
00:42:39,429 --> 00:42:43,519
that you, you know, in May, why, as part of economic

766
00:42:43,519 --> 00:42:48,179
development strategy, you're targeting those for sure like

767
00:42:48,179 --> 00:42:52,679
living wage jobs and beyond because as students become more

768
00:42:52,679 --> 00:42:56,489
mobile and have more opportunity, you know, your, your

769
00:42:56,489 --> 00:43:00,119
ability to attract them and keep them or retain them here

770
00:43:00,119 --> 00:43:04,039
is going to be dependent on those great jobs that are

771
00:43:04,039 --> 00:43:04,039
looking.

772
00:43:04,039 --> 00:43:08,039
Absolutely.

773
00:43:08,039 --> 00:43:12,750
So, in my gathering that the healthcare industry is, you're

774
00:43:12,750 --> 00:43:16,639
saying is the leader in this area as well as far as job

775
00:43:16,639 --> 00:43:21,250
creation. Yes, and just before we kind of get up that topic

776
00:43:21,250 --> 00:43:25,380
and kind of interested to you I mean we talked in the past

777
00:43:25,380 --> 00:43:31,750
about wanting to become kind of a healthcare hub here for

778
00:43:31,750 --> 00:43:35,250
some of the smaller cities around us and we have two jewels

779
00:43:35,250 --> 00:43:36,039
with our hospitals here.

780
00:43:36,039 --> 00:43:40,590
What kind of degrees are offered at UNT, TW in the

781
00:43:40,590 --> 00:43:46,170
healthcare industry here in Denton, I know there are other

782
00:43:46,170 --> 00:43:51,619
you know schools and, you know, UNT and TW have different

783
00:43:51,619 --> 00:43:53,039
campuses but.

784
00:43:53,039 --> 00:43:56,769
You mind if I ask that question. Do you know what type of

785
00:43:56,769 --> 00:44:00,230
healthcare degrees right now are offered at TW on the

786
00:44:00,230 --> 00:44:01,039
campus.

787
00:44:01,039 --> 00:44:05,570
Yes, since we did the new building. It's the first time we

788
00:44:05,570 --> 00:44:09,519
've done had cohorts for nursing OT and PT and then as

789
00:44:09,519 --> 00:44:14,039
opposed to having to go to Dallas and Houston for those.

790
00:44:14,039 --> 00:44:19,610
And so, we're also looking to add nurse practitioners

791
00:44:19,610 --> 00:44:25,670
physician assistants, the new dean and else I'll say we don

792
00:44:25,670 --> 00:44:32,039
't have the medical school facilities that UT has for work.

793
00:44:32,039 --> 00:44:35,039
Okay.

794
00:44:35,039 --> 00:44:38,280
Do you happen to know what kind of degrees we have. I'm

795
00:44:38,280 --> 00:44:41,510
looking at you know what the city of Denton is what we can

796
00:44:41,510 --> 00:44:44,639
do here how we can utilize those that are coming out,

797
00:44:44,639 --> 00:44:48,400
bringing in jobs for them anyway that's kind of where I'm

798
00:44:48,400 --> 00:44:49,039
going.

799
00:44:49,039 --> 00:44:52,949
Sorry, go ahead. Yes. And so most of it's at UNT health at

800
00:44:52,949 --> 00:44:54,039
Fort Worth.

801
00:44:54,039 --> 00:44:59,760
I can't clearly cannot get ahead of my skis but there's

802
00:44:59,760 --> 00:45:06,039
discussions about expanding in areas here in the city.

803
00:45:06,039 --> 00:45:12,119
Yeah, but yes we've been a program in work with UNT health

804
00:45:12,119 --> 00:45:18,599
which is clearly a different institution in the system, UNT

805
00:45:18,599 --> 00:45:24,039
system so yeah, different but we could partners.

806
00:45:24,039 --> 00:45:34,860
I was just a Jeremy asked a good question I think the thing

807
00:45:34,860 --> 00:45:41,090
you have to keep in mind. So, we don't have a medical

808
00:45:41,090 --> 00:45:41,239
school so I'll just use medical school, medical school or

809
00:45:41,239 --> 00:45:41,349
placements when you go to apply so my doctor when I was

810
00:45:41,349 --> 00:45:41,469
back in Kentucky was an AM grad, but he came from there and

811
00:45:41,469 --> 00:45:41,579
he went to school because he did get placements in a

812
00:45:41,579 --> 00:45:43,050
medical school so they're going to be the mobility is a lot

813
00:45:43,050 --> 00:45:44,789
different in a lot of those and I think the clinical plac

814
00:45:44,789 --> 00:45:46,039
ements.

815
00:45:46,039 --> 00:45:53,449
So, you're going to come this way and then you may end up,

816
00:45:53,449 --> 00:45:59,039
you know, staying with those.

817
00:45:59,039 --> 00:46:06,500
So the question may be how many students from here go to

818
00:46:06,500 --> 00:46:14,269
your schools I don't care what location they're at right

819
00:46:14,269 --> 00:46:23,039
and chances are they have a better probability coming back.

820
00:46:23,039 --> 00:46:27,030
And the statistics show where you do residency or where you

821
00:46:27,030 --> 00:46:31,260
do your placements where you end up staying and living. So,

822
00:46:31,260 --> 00:46:34,760
this information is really great. Thank you so much and

823
00:46:34,760 --> 00:46:37,039
those are my questions.

824
00:46:37,039 --> 00:46:39,039
Thank you.

825
00:46:39,039 --> 00:46:48,750
It was kind of tie into this but you mentioned the gap of

826
00:46:48,750 --> 00:46:57,039
you know, knowing where these kids end up. My daughter

827
00:46:57,039 --> 00:46:57,039
graduated college. Two years ago and, and I'm sure we do it

828
00:46:57,039 --> 00:46:57,039
all universities do it but the placement of those kids you

829
00:46:57,039 --> 00:46:57,039
know help.

830
00:46:57,039 --> 00:47:00,019
And I'm maybe pushing that to go hey how do we, how do we

831
00:47:00,019 --> 00:47:03,159
understand what you guys are doing and I understand it's

832
00:47:03,159 --> 00:47:06,289
impossible to do it through all industries, but I found

833
00:47:06,289 --> 00:47:09,190
that the placement and helping these kids when they

834
00:47:09,190 --> 00:47:12,039
graduated there was a gap there at the

835
00:47:12,039 --> 00:47:24,000
end of the year that they had to do it through all

836
00:47:24,000 --> 00:47:28,199
industries. And so that could be a way to boost, you know,

837
00:47:28,199 --> 00:47:28,400
if we elevated our placement programs with this

838
00:47:28,400 --> 00:47:28,639
relationship you guys are trying to build it sounds like

839
00:47:28,639 --> 00:47:28,829
that'd be a way to track that make an investment in that

840
00:47:28,829 --> 00:47:31,039
also, because I found that a lot of kids graduate

841
00:47:31,039 --> 00:47:35,159
with a bachelor's degree less with a master's, but more

842
00:47:35,159 --> 00:47:39,190
with a bachelor's that there's not a lot of support from

843
00:47:39,190 --> 00:47:44,039
the universities to get them placed or make introductions.

844
00:47:44,039 --> 00:47:48,420
So, that may be a way to help build that black spot which

845
00:47:48,420 --> 00:47:53,039
you guys probably already identified that you're spot on.

846
00:47:53,039 --> 00:48:01,170
That situation is that is that is an issue in most

847
00:48:01,170 --> 00:48:04,960
universities across the country, with the exception of your

848
00:48:04,960 --> 00:48:08,880
very elite private institutions, which do that very well,

849
00:48:08,880 --> 00:48:11,039
they do placement very well.

850
00:48:11,039 --> 00:48:16,099
That's a very difficult thing, I can say from what I've

851
00:48:16,099 --> 00:48:20,639
seen at UNT for example is a ton of activity around

852
00:48:20,639 --> 00:48:26,230
bringing employers to campus, hosting career fairs, a lot

853
00:48:26,230 --> 00:48:28,039
of engagement.

854
00:48:28,039 --> 00:48:32,130
But the missing piece in some cases that you're

855
00:48:32,130 --> 00:48:37,289
highlighting is getting kind of flipping the script at the

856
00:48:37,289 --> 00:48:43,139
advice, at the advising moment, right, where you're saying,

857
00:48:43,139 --> 00:48:46,039
and kind of changing it from.

858
00:48:46,039 --> 00:48:49,760
Are you interested in, what do you want to do to look at

859
00:48:49,760 --> 00:48:53,619
what might be a really good opportunity and like let's work

860
00:48:53,619 --> 00:48:57,920
backwards from there, right, I think that's oftentimes what

861
00:48:57,920 --> 00:49:01,869
's missing so that's an area where we really want to dig in

862
00:49:01,869 --> 00:49:03,039
as the accelerator,

863
00:49:03,039 --> 00:49:08,199
we've recently engaged with, it's called MAC 3, and it's

864
00:49:08,199 --> 00:49:13,289
like the Metroplex area career advising centers, and so it

865
00:49:13,289 --> 00:49:17,880
's multiple universities and colleges, so we want to help

866
00:49:17,880 --> 00:49:21,079
them kind of beef up, you know how they do that advising on

867
00:49:21,079 --> 00:49:23,829
, you know, what type of degree students should be going

868
00:49:23,829 --> 00:49:26,570
after, based on the opportunities that are out there

869
00:49:26,570 --> 00:49:29,039
locally, regionally.

870
00:49:29,039 --> 00:49:32,389
And then, you know, all along the process, how do we, you

871
00:49:32,389 --> 00:49:35,480
know, how do we get employers engaged early on and give

872
00:49:35,480 --> 00:49:39,039
them an early look, right, at these talent pipelines.

873
00:49:39,039 --> 00:49:43,099
So, that's spot on and not, you know, not unique to this

874
00:49:43,099 --> 00:49:45,039
region, it's an issue.

875
00:49:45,039 --> 00:49:47,420
And, you know, what I mean with a lot of kids graduating

876
00:49:47,420 --> 00:49:50,010
high school going, "Hey, what am I going to do?" You know,

877
00:49:50,010 --> 00:49:52,519
this and that, so to your point, the question I asked him,

878
00:49:52,519 --> 00:49:54,949
I said go look up what careers have the highest paying jobs

879
00:49:54,949 --> 00:49:57,460
, and then I say, look at what level education, you know,

880
00:49:57,460 --> 00:50:00,239
make them go look up and come back and meet with me, and

881
00:50:00,239 --> 00:50:03,840
then say, okay, you got these careers, PhD degree required,

882
00:50:03,840 --> 00:50:07,039
or probably a master's degree or bachelor's degree.

883
00:50:07,039 --> 00:50:09,670
You know, what kind of lifestyle do you, income, do you

884
00:50:09,670 --> 00:50:12,030
want to live, personally, and I ask them all these

885
00:50:12,030 --> 00:50:14,809
questions, and then I come back and say, okay, what are you

886
00:50:14,809 --> 00:50:17,099
, what are you good at, and then make them fill out

887
00:50:17,099 --> 00:50:20,039
basically a report to me saying these things, right?

888
00:50:20,039 --> 00:50:22,989
Okay, do you want to be, we need teachers, we have to have

889
00:50:22,989 --> 00:50:25,949
teachers, we have to have great teachers, but you need to

890
00:50:25,949 --> 00:50:28,969
understand, don't complain about your pay when you go get a

891
00:50:28,969 --> 00:50:32,190
four year education as a teacher's degree, you know, you

892
00:50:32,190 --> 00:50:35,420
understand what you're getting going in, right, or you want

893
00:50:35,420 --> 00:50:36,039
to be a CEO of a company, what do you need to do?

894
00:50:36,039 --> 00:50:38,480
Or start your own business. So I think you hit the nail, I

895
00:50:38,480 --> 00:50:41,440
haven't put those two together until you were just talking

896
00:50:41,440 --> 00:50:44,519
about that, but that's a perfect way to do it. Instead, oh,

897
00:50:44,519 --> 00:50:46,539
what do you want to do? Here's your classes to go do that,

898
00:50:46,539 --> 00:50:47,039
right?

899
00:50:47,039 --> 00:50:50,949
Here's the income levels, and time, whatever's important to

900
00:50:50,949 --> 00:50:54,039
you, the time, all that, that's really smart.

901
00:50:54,039 --> 00:50:57,039
I think, you know, part of what we, so if you're an

902
00:50:57,039 --> 00:51:00,860
engineer, often have internships, if you're in healthcare,

903
00:51:00,860 --> 00:51:04,460
we just talk about, if you're teaching, you need to teach,

904
00:51:04,460 --> 00:51:07,039
but what about all these other fields?

905
00:51:07,039 --> 00:51:09,460
So how do we get business more involved to have those,

906
00:51:09,460 --> 00:51:13,039
because you come out with finance, and that's your degree,

907
00:51:13,039 --> 00:51:16,829
you just want what you can go to, so unless they have

908
00:51:16,829 --> 00:51:20,039
internships or something, how do they work in the jobs,

909
00:51:20,039 --> 00:51:20,039
right?

910
00:51:20,039 --> 00:51:22,670
And that also means we've got to figure out how to engage

911
00:51:22,670 --> 00:51:25,039
business better with this.

912
00:51:25,039 --> 00:51:28,949
Well, I mean, this isn't good for the universities, but I'm

913
00:51:28,949 --> 00:51:32,500
hiring, I'm hiring kids that have used Claude and ChatGBT

914
00:51:32,500 --> 00:51:35,039
to train themselves on how to use it.

915
00:51:35,039 --> 00:51:38,949
You know, that you can go in and it'll teach you how to use

916
00:51:38,949 --> 00:51:43,329
AI, right? And so I just hired a kid a month ago, and I

917
00:51:43,329 --> 00:51:48,039
think we paid him 80,000 bucks, and no college education,

918
00:51:48,039 --> 00:51:52,090
but he had used Claude to train him how to use agents and

919
00:51:52,090 --> 00:51:54,710
how to use these things, and we implemented him in a

920
00:51:54,710 --> 00:51:57,349
business, because you've got guys my age that know the

921
00:51:57,349 --> 00:52:01,340
problems, and we know what solution we need, but we don't

922
00:52:01,340 --> 00:52:04,039
know the steps to get there using AI.

923
00:52:04,039 --> 00:52:06,969
And this kid, in a month, you know, AI is no good until it

924
00:52:06,969 --> 00:52:09,909
goes in the workflow, right, in my opinion, until it's

925
00:52:09,909 --> 00:52:12,920
actually in the workflow. In a month, I'm like, look at

926
00:52:12,920 --> 00:52:16,090
this kid, I go, man, if you, he could potentially be making

927
00:52:16,090 --> 00:52:21,329
$150,000 a year in 12 months, because he's saving us that

928
00:52:21,329 --> 00:52:22,039
much money.

929
00:52:22,039 --> 00:52:25,949
And no, he doesn't have a college education. He used Claude

930
00:52:25,949 --> 00:52:29,449
and ChatGBT to teach himself how to do it. It's wild. And

931
00:52:29,449 --> 00:52:32,969
when I look at what he's doing, and we're actually going to

932
00:52:32,969 --> 00:52:36,250
hire one for every company and put them all in one think

933
00:52:36,250 --> 00:52:39,039
tank, so we'll have six.

934
00:52:39,039 --> 00:52:42,949
And an $80,000 investment is like a drop in the bucket for

935
00:52:42,949 --> 00:52:46,119
the uplift, for getting out of it. And it was our first one

936
00:52:46,119 --> 00:52:49,320
, and I'm just, I'm like, I told all the presidents of our

937
00:52:49,320 --> 00:52:52,400
companies, we need that guy, and we need them all in one

938
00:52:52,400 --> 00:52:55,039
room, and a bullpen.

939
00:52:55,039 --> 00:52:58,039
And it's amazing.

940
00:52:58,039 --> 00:53:01,769
Susanna is not here, but I'll ring the school district's

941
00:53:01,769 --> 00:53:05,559
bell. We're one of the few districts in the entire state of

942
00:53:05,559 --> 00:53:09,039
Texas that has speech pathologists on campuses.

943
00:53:09,039 --> 00:53:12,769
And I don't know that our employers or people we try to

944
00:53:12,769 --> 00:53:16,969
recruit or things like that understand that, but that's a

945
00:53:16,969 --> 00:53:21,440
huge opportunity for students who may have a need that they

946
00:53:21,440 --> 00:53:23,809
have to go pay some private to some of them can't afford to

947
00:53:23,809 --> 00:53:25,039
pay private.

948
00:53:25,039 --> 00:53:29,170
Do we know what our different institutions as an economic

949
00:53:29,170 --> 00:53:33,389
development board so we can sell that product to the people

950
00:53:33,389 --> 00:53:36,840
we're trying to recruit in here? I think that's an

951
00:53:36,840 --> 00:53:38,039
important question.

952
00:53:38,039 --> 00:53:42,900
Yeah, absolutely. I will say that I was told a story that

953
00:53:42,900 --> 00:53:47,829
we, a couple years ago, we brought together a bunch of site

954
00:53:47,829 --> 00:53:52,769
selectors. This is when I was with Dallas College, and we

955
00:53:52,769 --> 00:53:57,670
were really engaged in like building the biotech bioscience

956
00:53:57,670 --> 00:54:00,039
sector there at Pegasus Park.

957
00:54:00,039 --> 00:54:02,880
We brought in a bunch of site selectors to kind of show

958
00:54:02,880 --> 00:54:06,050
them, kind of, you know, just to show and tell. Look at

959
00:54:06,050 --> 00:54:09,039
this region, look at everything that's going on.

960
00:54:09,039 --> 00:54:11,869
And one of the site selectors pulled me aside afterwards

961
00:54:11,869 --> 00:54:15,400
and said, you know, this was amazing. Like, you guys have

962
00:54:15,400 --> 00:54:19,510
these incredible facilities and labs and institutions like

963
00:54:19,510 --> 00:54:21,039
all over the place.

964
00:54:21,039 --> 00:54:26,469
But show me the education, training, workforce development,

965
00:54:26,469 --> 00:54:31,489
like ecosystem, and how people move through that. Like,

966
00:54:31,489 --> 00:54:35,219
show me what's available at all these institutions and show

967
00:54:35,219 --> 00:54:40,039
me how, show me what you're going to do at the K-12 level,

968
00:54:40,039 --> 00:54:41,760
show me what you're going to do, you know, community

969
00:54:41,760 --> 00:54:45,039
college, show me what you're going to do for you.

970
00:54:45,039 --> 00:54:48,510
Show me that. And we have such a large region and so many

971
00:54:48,510 --> 00:54:51,730
resources that we struggle to map all that out in some kind

972
00:54:51,730 --> 00:54:54,449
of cohesive way. So that, I think that's a challenge for us

973
00:54:54,449 --> 00:54:57,340
regionally. That's something we're digging into and trying

974
00:54:57,340 --> 00:54:58,039
to figure out.

975
00:54:58,039 --> 00:55:02,969
Is it to have a cohesive kind of resource list or map like

976
00:55:02,969 --> 00:55:08,469
you're pointing to for economic development purposes, you

977
00:55:08,469 --> 00:55:13,809
know, beyond just, hey, there's a lot of growth here and a

978
00:55:13,809 --> 00:55:16,769
lot of great stuff. So that's a challenge for all of us,

979
00:55:16,769 --> 00:55:17,039
for sure.

980
00:55:17,039 --> 00:55:20,769
We still have more slides right on the next section or is

981
00:55:20,769 --> 00:55:21,039
that?

982
00:55:21,039 --> 00:55:23,039
It's up to you all on the time.

983
00:55:23,039 --> 00:55:26,039
I don't know.

984
00:55:26,039 --> 00:55:30,429
We have, I think, two more items, not fours, but it's

985
00:55:30,429 --> 00:55:32,039
totally up to torture.

986
00:55:32,039 --> 00:55:35,230
Can I do anything to go briefly? Yeah. Just kind of, it

987
00:55:35,230 --> 00:55:39,130
looks like a semiconductor piece. I'll just hit that real

988
00:55:39,130 --> 00:55:40,039
quick.

989
00:55:40,039 --> 00:55:43,400
So on the emerging side, one of the things that we're

990
00:55:43,400 --> 00:55:46,940
looking at, maybe this was kind of to that point of kind of

991
00:55:46,940 --> 00:55:50,469
helping students understand that career map. We're

992
00:55:50,469 --> 00:55:53,789
beginning to work with an organization called Julius

993
00:55:53,789 --> 00:55:56,570
Education and we're going to be pretty soon we'll be

994
00:55:56,570 --> 00:55:59,670
launching these interactive maps to help students kind of

995
00:55:59,670 --> 00:56:03,179
understand how you move through either, you know, an

996
00:56:03,179 --> 00:56:06,550
industry like semiconductor manufacturing, how you move

997
00:56:06,550 --> 00:56:09,039
through it, how you advance, or let's say you want to move

998
00:56:09,039 --> 00:56:09,039
over to the next step.

999
00:56:09,039 --> 00:56:11,860
Let's say you want to move over to another part of the

1000
00:56:11,860 --> 00:56:14,909
business and how the skills that you've obtained so far

1001
00:56:14,909 --> 00:56:18,039
kind of help you with the move you're trying to make.

1002
00:56:18,039 --> 00:56:21,039
So you can kind of see your career path.

1003
00:56:21,039 --> 00:56:25,039
So that's coming really soon.

1004
00:56:25,039 --> 00:56:28,949
Related to that is something that we're that we're working

1005
00:56:28,949 --> 00:56:32,769
on is how, you know, our traditional industry sectors are

1006
00:56:32,769 --> 00:56:36,630
being kind of reshaped and kind of reorganized to where it

1007
00:56:36,630 --> 00:56:39,639
's kind of becoming a super sector that involves

1008
00:56:39,639 --> 00:56:43,599
semiconductor manufacturing, energy, you know, with all the

1009
00:56:43,599 --> 00:56:47,039
data centers, all the AI investment, etc.

1010
00:56:47,039 --> 00:56:56,039
But, you know, that's creating some great opportunities.

1011
00:56:56,039 --> 00:56:57,030
But again, we're talking about by advising and trying to

1012
00:56:57,030 --> 00:56:58,039
help students understand where opportunity is.

1013
00:56:58,039 --> 00:57:03,039
I mean, my kids barely know what I do.

1014
00:57:03,039 --> 00:57:07,159
So, you know, it's like all these career opportunities are

1015
00:57:07,159 --> 00:57:10,969
such a mystery. And how do we kind of demystify this and

1016
00:57:10,969 --> 00:57:14,980
help students understand what the opportunity is and how to

1017
00:57:14,980 --> 00:57:20,280
navigate through that. So that's some resources we're going

1018
00:57:20,280 --> 00:57:22,039
to be launching.

1019
00:57:22,039 --> 00:57:25,949
We have a number of partner institutions are continuing to

1020
00:57:25,949 --> 00:57:29,039
expand our network and the intelligence hub.

1021
00:57:29,039 --> 00:57:34,289
So please spread the word. The great thing about joining

1022
00:57:34,289 --> 00:57:36,440
the Texas Talent Accelerator is it doesn't cost you

1023
00:57:36,440 --> 00:57:40,070
anything. You just say yes, I want to be involved on a

1024
00:57:40,070 --> 00:57:41,039
partner.

1025
00:57:41,039 --> 00:57:44,039
So please spread the word.

1026
00:57:44,039 --> 00:57:49,869
I'll give you a preview on October 26th. We're going to be

1027
00:57:49,869 --> 00:57:55,630
having kind of our next quarterly convening, which is also

1028
00:57:55,630 --> 00:57:59,420
kind of an anniversary celebration. We'll have been here at

1029
00:57:59,420 --> 00:58:01,670
that point. We'll have a lot of great discussions, projects

1030
00:58:01,670 --> 00:58:04,039
that will have been completed by the time resources

1031
00:58:04,039 --> 00:58:05,039
available.

1032
00:58:05,039 --> 00:58:08,760
So we excited to share that with you all. That'll be coming

1033
00:58:08,760 --> 00:58:12,579
up in October. So please check out the website. Let me know

1034
00:58:12,579 --> 00:58:25,039
if you have any questions. And thank you.

1035
00:58:25,039 --> 00:58:35,150
Item B, EDP 26-022. You see various staff reports. Sorry,

1036
00:58:35,150 --> 00:58:36,039
we're deported to the Directorate of Corporate Education.

1037
00:58:36,039 --> 00:58:48,150
Good morning. I will present the direct report from Q2 this

1038
00:58:48,150 --> 00:58:49,039
year.

1039
00:58:49,039 --> 00:58:52,360
We had a productive Q2. We were able to celebrate panel

1040
00:58:52,360 --> 00:58:55,610
raise, room and cutting as a reminder of the support for V

1041
00:58:55,610 --> 00:58:59,909
incennes for them. And so they have quickly right-footed

1042
00:58:59,909 --> 00:59:02,670
that building. It's an old warehouse space. And someone

1043
00:59:02,670 --> 00:59:05,039
said that they can actually lick off the floor of that

1044
00:59:05,039 --> 00:59:07,039
warehouse. It was so clean, which is great.

1045
00:59:07,039 --> 00:59:10,409
So very excited how many of their executives from Mexico

1046
00:59:10,409 --> 00:59:13,480
came in to celebrate and they're looking forward to

1047
00:59:13,480 --> 00:59:16,039
investing in the future on other projects.

1048
00:59:16,039 --> 00:59:20,039
We also celebrated the grand opening of Monster Mini Golf.

1049
00:59:20,039 --> 00:59:23,050
This is a recruitment rent from our Main Street program.

1050
00:59:23,050 --> 00:59:26,039
Chris Polito as a reminder, she reached out to this venue

1051
00:59:26,039 --> 00:59:29,349
months ago to come downtown. They couldn't find a site

1052
00:59:29,349 --> 00:59:31,539
downtown, so they ended up picking another location outside

1053
00:59:31,539 --> 00:59:33,039
Golden Triangle Mall.

1054
00:59:33,039 --> 00:59:36,039
But this seems to be a really good fit in the City of Dent

1055
00:59:36,039 --> 00:59:38,039
on, Newark side to have them.

1056
00:59:38,039 --> 00:59:41,849
City Council also approved Corteo Skies incentive proposal.

1057
00:59:41,849 --> 00:59:45,250
It was passed 4-3, but it still went through and we're

1058
00:59:45,250 --> 00:59:48,829
still continuing to work with the company to follow through

1059
00:59:48,829 --> 00:59:49,039
.

1060
00:59:49,039 --> 00:59:52,119
We also celebrated the groundbreaking of Novartis. Thank

1061
00:59:52,119 --> 00:59:55,250
you for everyone that attended the groundbreaking. This

1062
00:59:55,250 --> 00:59:57,650
picture is one of our favorite pictures from the event

1063
00:59:57,650 --> 01:00:00,860
because it shows how many people goes into actually working

1064
01:00:00,860 --> 01:00:04,460
on economic development projects and getting it across the

1065
01:00:04,460 --> 01:00:06,039
mountain.

1066
01:00:06,039 --> 01:00:08,570
And so that doesn't even cover the amount of people that

1067
01:00:08,570 --> 01:00:11,630
had touched the project throughout the process. Emmett

1068
01:00:11,630 --> 01:00:15,349
Smith had a guest feature. I don't know if anyone heard

1069
01:00:15,349 --> 01:00:18,280
about that, but that was a surprise to us. And the

1070
01:00:18,280 --> 01:00:22,039
president of Novartis US operations came down as well.

1071
01:00:22,039 --> 01:00:25,039
So it was quite an event.

1072
01:00:25,039 --> 01:00:28,190
And then we also attended a variety of partner events. We

1073
01:00:28,190 --> 01:00:32,650
spoke at the Pilot Mob Rotary meeting in April. We attended

1074
01:00:32,650 --> 01:00:34,039
the UNT Speaker Series.

1075
01:00:34,039 --> 01:00:37,239
We also attended the Downtown Denton Foundation's Pilot T

1076
01:00:37,239 --> 01:00:40,780
unes event. And we attended the Bistnow Denton County Save

1077
01:00:40,780 --> 01:00:45,039
the Market event. I spoke as a panelist as well as other

1078
01:00:45,039 --> 01:00:48,230
local business representatives like Hillwood spoke on a

1079
01:00:48,230 --> 01:00:49,039
different panel as well.

1080
01:00:49,039 --> 01:00:53,579
And Greg Johnson with SBN. Over 300 people attended that

1081
01:00:53,579 --> 01:00:55,630
event actually and Bistnow said that was one of the most

1082
01:00:55,630 --> 01:00:59,090
successful events of the year. So they were looking forward

1083
01:00:59,090 --> 01:01:01,039
to doing that next year.

1084
01:01:01,039 --> 01:01:03,949
We also led a few events, including the well, we

1085
01:01:03,949 --> 01:01:07,409
participate as a partner for Denton County Community Job

1086
01:01:07,409 --> 01:01:11,750
Fair. We partnered with the Chamber of Commerce, Work for

1087
01:01:11,750 --> 01:01:16,039
Solutions, Google Industries, and Unanimous United Way.

1088
01:01:16,039 --> 01:01:18,750
So that was a successful event. We also hosted an internal

1089
01:01:18,750 --> 01:01:22,170
Small Business Week lunch and learn for our staff and

1090
01:01:22,170 --> 01:01:24,039
development services.

1091
01:01:24,039 --> 01:01:27,760
We hosted a Small Business Week campaign on social media.

1092
01:01:27,760 --> 01:01:30,960
Chris and Matilda were part of to work with our downtown

1093
01:01:30,960 --> 01:01:34,500
business owners to get quotes for motivational quotes for

1094
01:01:34,500 --> 01:01:38,039
other entrepreneurs that we posted on social media.

1095
01:01:38,039 --> 01:01:41,039
So this is a quote from RubyRubyO.

1096
01:01:41,039 --> 01:01:44,949
We also launched a new website opportunitydent.com. This

1097
01:01:44,949 --> 01:01:48,519
hosts all regional and local small business resources for

1098
01:01:48,519 --> 01:01:51,510
entrepreneurs. And so we get a lot of calls from

1099
01:01:51,510 --> 01:01:55,039
entrepreneurs that they just want access to resources.

1100
01:01:55,039 --> 01:01:58,769
And so we can call them onto one website. And if you have

1101
01:01:58,769 --> 01:02:01,389
anyone that needs help, feel free to direct them to that

1102
01:02:01,389 --> 01:02:04,489
website. We're looking at updating that on a quarterly

1103
01:02:04,489 --> 01:02:05,039
basis.

1104
01:02:05,039 --> 01:02:09,920
We also hosted an airport business roundtable. This was in

1105
01:02:09,920 --> 01:02:14,429
partnership with the airport director Ryan Adams just to

1106
01:02:14,429 --> 01:02:17,400
get the local airport businesses out and to learn more

1107
01:02:17,400 --> 01:02:20,039
about their opportunities and challenges.

1108
01:02:20,039 --> 01:02:23,039
So it was a productive event.

1109
01:02:23,039 --> 01:02:27,429
We also attended a variety of trainings and workshops,

1110
01:02:27,429 --> 01:02:32,130
including the Cat Consortium meeting. That is a quarterly

1111
01:02:32,130 --> 01:02:35,460
meeting with UAS professionals. This was led by the Orphan

1112
01:02:35,460 --> 01:02:36,039
's Christy Loan Store Center.

1113
01:02:36,039 --> 01:02:38,889
The Loan Store Center is one of seven FA test sites in the

1114
01:02:38,889 --> 01:02:42,159
nation and their opening is not location support work. So

1115
01:02:42,159 --> 01:02:44,039
this is part of their initiative.

1116
01:02:44,039 --> 01:02:48,119
We also attended the EarthX eCapital Summit in Stokes Flint

1117
01:02:48,119 --> 01:02:52,530
Pond. We will attend multiple webinars, including the Urban

1118
01:02:52,530 --> 01:02:56,039
Institute's Getting Started on Upwork Mobility.

1119
01:02:56,039 --> 01:02:59,190
And we attended two trade shows, which we'll elaborate on

1120
01:02:59,190 --> 01:03:04,159
in a second. Let's see, actually three trade shows this

1121
01:03:04,159 --> 01:03:05,039
quarter.

1122
01:03:05,039 --> 01:03:09,719
For Q2 recruitment stats, we have 31 active projects in the

1123
01:03:09,719 --> 01:03:14,099
pipeline. We had 14 new leads and they came from various

1124
01:03:14,099 --> 01:03:17,829
sources. We had one incentive proposal that we developed

1125
01:03:17,829 --> 01:03:19,039
that we sent over.

1126
01:03:19,039 --> 01:03:21,329
Sometimes companies, they don't actually submit

1127
01:03:21,329 --> 01:03:24,739
applications. They're just asking to see what a proposal

1128
01:03:24,739 --> 01:03:29,039
would look like. And so we sent one over to a lead.

1129
01:03:29,039 --> 01:03:32,119
And then we had two recruitment visits, six leads that were

1130
01:03:32,119 --> 01:03:35,130
reclassified. We moved five to cold, the one that would

1131
01:03:35,130 --> 01:03:38,150
transfer to business support. We had 210 recruitment

1132
01:03:38,150 --> 01:03:39,039
outreach attempts.

1133
01:03:39,039 --> 01:03:42,949
That is an initiative from Clay Parker, who is a specialist

1134
01:03:42,949 --> 01:03:45,940
. He's developed an eBLAST system on Outlook. And so that's

1135
01:03:45,940 --> 01:03:49,039
why you see so many companies on that list.

1136
01:03:49,039 --> 01:03:53,769
This is a new reporting metric that will be included. So we

1137
01:03:53,769 --> 01:03:58,389
attended the Exponential Trade Show, which is a UAS trade

1138
01:03:58,389 --> 01:04:02,099
show, and then Automate, which is an advanced manufacturing

1139
01:04:02,099 --> 01:04:04,039
event and Bio International Convention.

1140
01:04:04,039 --> 01:04:09,360
So part of Clay's duties is recruitment. And so he's going

1141
01:04:09,360 --> 01:04:13,719
to present kind of a follow up on the events that he

1142
01:04:13,719 --> 01:04:15,039
attended.

1143
01:04:15,039 --> 01:04:19,420
So like Rene said, we went to three trade shows basically

1144
01:04:19,420 --> 01:04:23,309
in the period of about three months in total. And we have

1145
01:04:23,309 --> 01:04:26,039
one last being one left. It's IMTS in Chicago.

1146
01:04:26,039 --> 01:04:28,750
This in particular, since I've been here, is kind of the

1147
01:04:28,750 --> 01:04:31,460
first year that we've done a full-fledged attempt at some

1148
01:04:31,460 --> 01:04:35,420
of these large trade shows. In particular, we did exhibit

1149
01:04:35,420 --> 01:04:39,039
at both Exponential and Automate.

1150
01:04:39,039 --> 01:04:42,139
Bio was a joint effort with the Dallas Regional Chamber at

1151
01:04:42,139 --> 01:04:45,719
their own booth recruiting life sciences to DFW. So we were

1152
01:04:45,719 --> 01:04:49,159
there with some other cities. We were there with a

1153
01:04:49,159 --> 01:04:52,099
representative from Dallas, a representative from DFW

1154
01:04:52,099 --> 01:04:54,929
International Airport, all doing that joint recruitment of

1155
01:04:54,929 --> 01:04:56,039
life sciences to the region.

1156
01:04:56,039 --> 01:04:59,559
And then the other two were just booths for the city of

1157
01:04:59,559 --> 01:05:02,880
Denton in general. So it was a great time. Again, Expon

1158
01:05:02,880 --> 01:05:05,739
ential is on the UAS side of things, learned a ton about

1159
01:05:05,739 --> 01:05:07,039
drones and that mobility world.

1160
01:05:07,039 --> 01:05:10,030
In particular, we got to go to Michigan Central, which is

1161
01:05:10,030 --> 01:05:13,090
the complete revamped, used to be the central station back

1162
01:05:13,090 --> 01:05:16,239
in the olden days where Amtrak was coming in and out. Now

1163
01:05:16,239 --> 01:05:19,329
it's a 30 acre innovation district with some solid

1164
01:05:19,329 --> 01:05:22,039
investment by Ford that made that possible.

1165
01:05:22,039 --> 01:05:24,769
So it was a really good picture of kind of seeing that

1166
01:05:24,769 --> 01:05:28,179
smart technology startup type stuff. Jill, do you have a

1167
01:05:28,179 --> 01:05:29,039
question?

1168
01:05:29,039 --> 01:05:32,360
Just a quick question. Both have mentioned UAS and I don't

1169
01:05:32,360 --> 01:05:34,039
know what that stands for. What is that?

1170
01:05:34,039 --> 01:05:37,389
It's unmanned aerial systems, I'm going to say is that full

1171
01:05:37,389 --> 01:05:40,079
thing. One of those words might be a little different, but

1172
01:05:40,079 --> 01:05:42,280
it's drones and that type of robotics and everything in

1173
01:05:42,280 --> 01:05:43,039
that world.

1174
01:05:43,039 --> 01:05:46,409
So Exponential was a great place to go for that. I was out

1175
01:05:46,409 --> 01:05:49,000
in Detroit, had a bunch of people in that industry that was

1176
01:05:49,000 --> 01:05:51,519
super great to learn from as we started expanding in that

1177
01:05:51,519 --> 01:05:54,630
world, as the airport started making initiatives in that

1178
01:05:54,630 --> 01:05:55,039
regard.

1179
01:05:55,039 --> 01:05:56,889
So again, learning from those people and some local

1180
01:05:56,889 --> 01:05:59,610
partners was really great. Automation is on the advanced

1181
01:05:59,610 --> 01:06:02,760
manufacturing side of things in that robotics world as well

1182
01:06:02,760 --> 01:06:03,039
.

1183
01:06:03,039 --> 01:06:05,670
Brittany Matilda, our representatives in our booth there,

1184
01:06:05,670 --> 01:06:09,329
had a great time in Chicago. And then I personally attended

1185
01:06:09,329 --> 01:06:12,039
Bio with DRCT and with Team Texas.

1186
01:06:12,039 --> 01:06:16,309
All in all, our 633 new contacts for us, which is really

1187
01:06:16,309 --> 01:06:19,659
great. In particular, Bio, because it was a lot of people

1188
01:06:19,659 --> 01:06:22,510
splitting those costs, we were able to get lead retrieval

1189
01:06:22,510 --> 01:06:24,039
package at these trade shows.

1190
01:06:24,039 --> 01:06:27,409
It just makes it a billion percent easier to scan somebody

1191
01:06:27,409 --> 01:06:31,340
's badge, immediately have their name, title, email, company

1192
01:06:31,340 --> 01:06:34,300
, everything you need. So that made things a little bit

1193
01:06:34,300 --> 01:06:36,039
easier to get a wider net, if you will.

1194
01:06:36,039 --> 01:06:39,039
But in general, it was kind of a similar walk away for most

1195
01:06:39,039 --> 01:06:42,039
of the trade shows for what we would consider leads.

1196
01:06:42,039 --> 01:06:45,210
Companies that were either mentioning, hey, this year we're

1197
01:06:45,210 --> 01:06:48,659
considering doing an expansion or we're considering reloc

1198
01:06:48,659 --> 01:06:52,039
ating X thing in Texas to a new place in Texas.

1199
01:06:52,039 --> 01:06:55,050
So walking away from that, we got just a 30 total leads

1200
01:06:55,050 --> 01:06:58,150
from that, which is really great to have something that far

1201
01:06:58,150 --> 01:07:01,099
in that stage where you know you're not sending something

1202
01:07:01,099 --> 01:07:03,989
to somebody's inbox who's going to throw in spam or throw

1203
01:07:03,989 --> 01:07:05,039
in the trash.

1204
01:07:05,039 --> 01:07:08,650
So better leads in that regard. We're currently following

1205
01:07:08,650 --> 01:07:12,079
up on those projects, hoping that those transition and go

1206
01:07:12,079 --> 01:07:14,039
farther down end up in itself.

1207
01:07:14,039 --> 01:07:16,929
Again, that really helps us skip through cold outreach and

1208
01:07:16,929 --> 01:07:19,750
not really knowing who's interested in who's not and being

1209
01:07:19,750 --> 01:07:22,199
able to get face to face, not only with some of these

1210
01:07:22,199 --> 01:07:24,869
companies who are looking to change their location and

1211
01:07:24,869 --> 01:07:29,239
looking to expand, but also other cities, other states who

1212
01:07:29,239 --> 01:07:32,250
have had their own success stories, their own programs they

1213
01:07:32,250 --> 01:07:34,699
've implemented to be able to see what it does might be

1214
01:07:34,699 --> 01:07:36,039
transferred to debt in itself.

1215
01:07:36,039 --> 01:07:39,469
So that was three out of four, and then one last trade show

1216
01:07:39,469 --> 01:07:43,239
, an international manufacturing technology series will be

1217
01:07:43,239 --> 01:07:48,039
in September in Chicago. That'll be our last one.

1218
01:07:48,039 --> 01:07:53,039
Thank you.

1219
01:07:53,039 --> 01:07:58,360
For RFI stats, we received 26 from the Dallas Reno Chamber

1220
01:07:58,360 --> 01:08:03,179
and the state was submitted on eight minutes, and then on

1221
01:08:03,179 --> 01:08:06,940
17 we converted to leads. That's from RFI to lead. As a

1222
01:08:06,940 --> 01:08:08,780
reminder, whenever we submit our proposals for RFIs, it

1223
01:08:08,780 --> 01:08:10,039
doesn't mean that we're finalists in the site.

1224
01:08:10,039 --> 01:08:12,679
It just means that the company has to select their top

1225
01:08:12,679 --> 01:08:15,710
three sites and until they schedule a meeting, that's when

1226
01:08:15,710 --> 01:08:17,039
we consider it a lead.

1227
01:08:17,039 --> 01:08:21,090
Out of the ones that we submitted, the potential capital

1228
01:08:21,090 --> 01:08:25,829
investment is 384 million and a little over 3000 of

1229
01:08:25,829 --> 01:08:27,039
potential jobs.

1230
01:08:27,039 --> 01:08:31,829
Our Q2 downtown stats, we had six BRE visits, two leads

1231
01:08:31,829 --> 01:08:35,310
that were lost, and then we didn't have any downtown grant

1232
01:08:35,310 --> 01:08:38,630
leads, mostly because the TURS1 board increased the budget

1233
01:08:38,630 --> 01:08:41,039
to 300,000 to cover the remaining grant.

1234
01:08:41,039 --> 01:08:45,029
So what happened is we budget $200,000 out of our TURS

1235
01:08:45,029 --> 01:08:49,039
downtown reinvestment grant for those grants. I'm sorry.

1236
01:08:49,039 --> 01:08:51,909
And so, Chris has done a good job advertising that grant

1237
01:08:51,909 --> 01:08:54,739
program that we hit the max capacity. And so we're

1238
01:08:54,739 --> 01:08:58,310
currently holding off until we update the downtown reinvest

1239
01:08:58,310 --> 01:09:01,359
ment policy to make it more competitive and lessen the

1240
01:09:01,359 --> 01:09:02,039
administrative burden.

1241
01:09:02,039 --> 01:09:05,970
And so that will come back in the fall timeframe, early top

1242
01:09:05,970 --> 01:09:09,739
frame, to the TURS board and that will ask for probably a

1243
01:09:09,739 --> 01:09:12,039
higher budget at that point.

1244
01:09:12,039 --> 01:09:19,039
And then we had 16 recruitment outreach attempts.

1245
01:09:19,039 --> 01:09:22,510
Main Street update, Chris had to leave early for another

1246
01:09:22,510 --> 01:09:26,159
meeting, unfortunately, but she did manage to get us re-acc

1247
01:09:26,159 --> 01:09:27,039
redited.

1248
01:09:27,039 --> 01:09:30,199
Every year we have to maintain standards to maintain our

1249
01:09:30,199 --> 01:09:33,939
Main Street accreditation. And so that's an excellent

1250
01:09:33,939 --> 01:09:37,039
achievement that we want to celebrate.

1251
01:09:37,039 --> 01:09:40,510
Give us a hug. She also attended the Texas Main Street

1252
01:09:40,510 --> 01:09:44,050
retreat as part of the ongoing contract that we manage with

1253
01:09:44,050 --> 01:09:47,460
the state historical commission is that she does have to

1254
01:09:47,460 --> 01:09:49,039
attend this conference.

1255
01:09:49,039 --> 01:09:52,770
And then we're onboarding a new Main Street board. City

1256
01:09:52,770 --> 01:09:56,090
Council approved a new Main Street advisor board a few

1257
01:09:56,090 --> 01:10:00,000
weeks ago. The board will focus primarily on historic

1258
01:10:00,000 --> 01:10:04,149
preservation and providing feedback for any type of

1259
01:10:04,149 --> 01:10:06,039
downtown programming that we may need.

1260
01:10:06,039 --> 01:10:09,510
And so we're excited about that. And then it's also a

1261
01:10:09,510 --> 01:10:12,939
requirement to maintain the Main Street accreditation

1262
01:10:12,939 --> 01:10:16,039
through the contract we manage with the state.

1263
01:10:16,039 --> 01:10:19,770
Susan and our marketing team and parks and recreation team

1264
01:10:19,770 --> 01:10:23,220
are a working part on the Home Weed initiatives. So I

1265
01:10:23,220 --> 01:10:26,270
wanted her to talk about, maybe she comes back early, she

1266
01:10:26,270 --> 01:10:29,270
can talk about all the updates that she has, but there's a

1267
01:10:29,270 --> 01:10:31,039
lot of progress being made.

1268
01:10:31,039 --> 01:10:34,989
I think there's a potential article coming out in the local

1269
01:10:34,989 --> 01:10:36,039
newspaper.

1270
01:10:36,039 --> 01:10:40,779
So all the businesses that started out of the quarter there

1271
01:10:40,779 --> 01:10:45,699
was three business closures. There were seven jobs gained

1272
01:10:45,699 --> 01:10:48,039
44 and jobs lost 24.

1273
01:10:48,039 --> 01:10:50,850
Music and film, Matilda handles all of our film permit and

1274
01:10:50,850 --> 01:10:57,039
music initiatives. I'll show you doing this update.

1275
01:10:57,039 --> 01:11:01,479
For film, we issued three film permits in quarter two. One

1276
01:11:01,479 --> 01:11:05,520
was a commercial, one was a TV show, which then after we

1277
01:11:05,520 --> 01:11:09,649
permitted, it got canceled. And then one was for a movie

1278
01:11:09,649 --> 01:11:12,039
they filmed in the municipal court.

1279
01:11:12,039 --> 01:11:22,130
And we heard very good feedback from them. They want to

1280
01:11:22,130 --> 01:11:28,039
come back. So that was nice. We also hosted a meeting.

1281
01:11:28,039 --> 01:11:28,039
Brittany and I met with about 15 film professionals to

1282
01:11:28,039 --> 01:11:28,039
learn kind of about what they do, hear feedback, things

1283
01:11:28,039 --> 01:11:28,039
like that.

1284
01:11:28,039 --> 01:11:31,770
I've included this if you want to be a movie star and

1285
01:11:31,770 --> 01:11:35,439
include your house or any property that you own in the

1286
01:11:35,439 --> 01:11:39,630
database, please scan that QR code. It helps us build up

1287
01:11:39,630 --> 01:11:42,039
locations for people to use.

1288
01:11:42,039 --> 01:11:46,520
And then for music, Tom Zachary on Price Street received a

1289
01:11:46,520 --> 01:11:51,010
grant from the Live Music Society for their music in action

1290
01:11:51,010 --> 01:11:55,489
series. So they had to submit a project proposal and they

1291
01:11:55,489 --> 01:12:00,039
're doing a residency program to spotlight them artists.

1292
01:12:00,039 --> 01:12:08,039
So that's very exciting for them. That's all I have for Q2.

1293
01:12:08,039 --> 01:12:11,609
And we have great news. We have a new team member, Kelly Ru

1294
01:12:11,609 --> 01:12:14,760
iz. She is our new economic development manager. Can I say

1295
01:12:14,760 --> 01:12:16,039
that Kelly?

1296
01:12:16,039 --> 01:12:20,229
So Kelly is actually originally from Utah where she worked

1297
01:12:20,229 --> 01:12:24,520
for the Salt Lake City Corporation. It's their equivalent

1298
01:12:24,520 --> 01:12:27,039
of economic development corporation.

1299
01:12:27,039 --> 01:12:29,590
And so she moved to Ditten a few years ago and she's been

1300
01:12:29,590 --> 01:12:31,970
working in the capital projects department as an

1301
01:12:31,970 --> 01:12:34,850
administrative manager. And so she will be helping us with

1302
01:12:34,850 --> 01:12:37,689
day to day operations and ensuring that we're meeting all

1303
01:12:37,689 --> 01:12:39,039
of our deadlines.

1304
01:12:39,039 --> 01:12:41,460
We're very excited to have her because there's a lot of

1305
01:12:41,460 --> 01:12:43,770
programs that we have in the back burner that she's going

1306
01:12:43,770 --> 01:12:49,289
to help us bring to life. But very excited to have some

1307
01:12:49,289 --> 01:12:50,039
help.

1308
01:12:50,039 --> 01:13:00,050
Upcoming events. We have an upcoming business workshop

1309
01:13:00,050 --> 01:13:02,550
focused on AI. Anyone who's interested in attending, please

1310
01:13:02,550 --> 01:13:04,579
let us know. We'll send you the registration link. That's

1311
01:13:04,579 --> 01:13:06,039
on July 30th.

1312
01:13:06,039 --> 01:13:10,050
It's a two part series. The second part is September 3rd.

1313
01:13:10,050 --> 01:13:13,140
As I mentioned earlier, we will be attending IMTS in

1314
01:13:13,140 --> 01:13:14,039
September.

1315
01:13:14,039 --> 01:13:16,119
And then one thing that's not mentioned on here is the

1316
01:13:16,119 --> 01:13:18,479
Dallas Business Journal Growth Summit that will be held in

1317
01:13:18,479 --> 01:13:20,039
August in partnership with UNT.

1318
01:13:20,039 --> 01:13:23,550
And so I believe they're finalizing their last panel right

1319
01:13:23,550 --> 01:13:27,050
now. But Amy Massette on our board, she'll be a panelist.

1320
01:13:27,050 --> 01:13:30,039
And so will Dr. Harrison Keller. So excited about that.

1321
01:13:30,039 --> 01:13:34,039
And I believe Brian Danel may be serving as panelists too.

1322
01:13:34,039 --> 01:13:40,039
So that's exciting. And that is it. Any questions?

1323
01:13:40,039 --> 01:13:48,039
I'm going to turn this over to Greg.

1324
01:13:48,039 --> 01:13:50,460
Sorry. Greg and I had a conversation, I guess, in the last

1325
01:13:50,460 --> 01:13:53,390
meeting. There were questions about receiving additional

1326
01:13:53,390 --> 01:13:59,220
information from the reporting database. So on her director

1327
01:13:59,220 --> 01:14:01,720
's report, we're going to put together a survey distributed

1328
01:14:01,720 --> 01:14:04,039
to the board to see how reporting can be enhanced.

1329
01:14:04,039 --> 01:14:08,119
And then we'll also put together a survey to see if the

1330
01:14:08,119 --> 01:14:12,340
board is getting any additional information. Is the board

1331
01:14:12,340 --> 01:14:13,720
needing to receive what additional information can be

1332
01:14:13,720 --> 01:14:15,159
enhanced on the report to make sure you're getting all the

1333
01:14:15,159 --> 01:14:16,039
information you'd like to see.

1334
01:14:16,039 --> 01:14:24,039
All right. So we can now move to completely guys.

1335
01:14:24,039 --> 01:14:30,539
Suggestions on what they would like us in the future

1336
01:14:30,539 --> 01:14:35,039
meeting to add to future agenda.

1337
01:14:35,039 --> 01:14:38,760
Parking minimums or doing away with parking minimums is

1338
01:14:38,760 --> 01:14:42,319
something that we've had some speakers at City Council talk

1339
01:14:42,319 --> 01:14:43,039
about.

1340
01:14:43,039 --> 01:14:48,750
I think there are different lenses that you can look at as

1341
01:14:48,750 --> 01:14:54,710
far as making that decision. But I wondered if maybe this

1342
01:14:54,710 --> 01:14:56,039
board would

1343
01:14:56,039 --> 01:14:59,119
the effect on if any on economic development might be

1344
01:14:59,119 --> 01:15:02,619
something that we need to look into or not. And again, I

1345
01:15:02,619 --> 01:15:05,149
might be off the reservation, but I just kind of wanted to

1346
01:15:05,149 --> 01:15:10,039
put that out there because that is a part of what we do.

1347
01:15:10,039 --> 01:15:14,039
Thank you for that. We can definitely look into it and see

1348
01:15:14,039 --> 01:15:14,039
if you want to bring back the next board meeting.

1349
01:15:14,039 --> 01:15:16,720
Yeah, I'd love to have that on the agenda because I think

1350
01:15:16,720 --> 01:15:21,109
it is an economic, there's pros and cons. You know, just I

1351
01:15:21,109 --> 01:15:25,069
like to bounce some ideas around just to hear what people's

1352
01:15:25,069 --> 01:15:27,039
thoughts are on it.

1353
01:15:27,039 --> 01:15:29,460
There could be some things that we've done a lot of

1354
01:15:29,460 --> 01:15:33,029
developments downtown and outside of downtown. There's pros

1355
01:15:33,029 --> 01:15:37,039
and cons, but I'd love to hear this group's thoughts on

1356
01:15:37,039 --> 01:15:37,039
those.

1357
01:15:37,039 --> 01:15:42,960
We just completed a citywide parking study that has

1358
01:15:42,960 --> 01:15:48,159
recommendations for removing for some parking minimums. So

1359
01:15:48,159 --> 01:15:52,779
that presentation is coming to Council August 4th, but we

1360
01:15:52,779 --> 01:15:56,630
can certainly have the parking minimum discussion presented

1361
01:15:56,630 --> 01:15:59,369
to this board and any other information you want about the

1362
01:15:59,369 --> 01:16:01,039
parking minimums.

1363
01:16:01,039 --> 01:16:04,539
But it comes, our staff are recommending some kind of phase

1364
01:16:04,539 --> 01:16:07,960
approaches to those recommendations. We can't do all of

1365
01:16:07,960 --> 01:16:11,010
them in the first year, but we're happy to present that

1366
01:16:11,010 --> 01:16:12,039
information.

1367
01:16:12,039 --> 01:16:14,810
We're going to, Scott's giving me the eye on pulling it

1368
01:16:14,810 --> 01:16:17,850
back to the on topic. So if you want to pull up your

1369
01:16:17,850 --> 01:16:20,039
exhibit for future agenda items.

1370
01:16:20,039 --> 01:16:23,350
That's a little bit. We're being asked. I'm sorry. Yeah. No

1371
01:16:23,350 --> 01:16:26,470
, I can't see brought it back. Okay. Before we got into what

1372
01:16:26,470 --> 01:16:29,310
status and working on. I think I just want to make sure we

1373
01:16:29,310 --> 01:16:32,039
're talking about future agenda items. Yeah.

1374
01:16:32,039 --> 01:16:45,229
I'm not sure that it remains to whether to discuss it as a

1375
01:16:45,229 --> 01:16:51,039
future agenda topic.

1376
01:16:51,039 --> 01:17:06,449
Or would they quit. But if there's any considerations for

1377
01:17:06,449 --> 01:17:08,039
economic development, then we may have a slider to.

1378
01:17:08,039 --> 01:17:15,300
I don't know if you want us to go through the full

1379
01:17:15,300 --> 01:17:24,340
presentation, or we can just send it to y'all have the data

1380
01:17:24,340 --> 01:17:25,039
.

1381
01:17:25,039 --> 01:17:29,109
Sorry, I went to tell you out there. I thought that that I

1382
01:17:29,109 --> 01:17:33,130
just wanted to mention it just so that you can have it. So

1383
01:17:33,130 --> 01:17:37,949
go back to item B, ADP 26022, the economic trends report

1384
01:17:37,949 --> 01:17:39,039
for Rotunda.

1385
01:17:39,039 --> 01:17:55,039
We can send it to the meetings running a little bit long.

1386
01:17:55,039 --> 01:18:10,039
I'm the last thing for you today.

1387
01:18:10,039 --> 01:18:25,039
First we have our residential permit values. They were up

1388
01:18:25,039 --> 01:18:25,039
from last year. I have this quarter Q1 of 2026 comparison

1389
01:18:25,039 --> 01:18:25,039
to Q1 of 2025 and then the year to date. So I have in my

1390
01:18:25,039 --> 01:18:25,039
notes.

1391
01:18:25,039 --> 01:18:33,289
Due to new build homes coming online. Next commercial

1392
01:18:33,289 --> 01:18:40,590
permit values again were up from last year. There were two

1393
01:18:40,590 --> 01:18:42,649
big projects that I think are kind of alleviating that

1394
01:18:42,649 --> 01:18:44,840
higher number one with a big shell building and then one

1395
01:18:44,840 --> 01:18:47,039
with a large retail remodel.

1396
01:18:47,039 --> 01:18:50,770
And then I was asked to remind you guys that the permit

1397
01:18:50,770 --> 01:18:55,140
value is based on job value assigned during permitting. So

1398
01:18:55,140 --> 01:18:57,630
the number at the end of the project, probably be higher

1399
01:18:57,630 --> 01:19:01,329
but could be lower as well. So it's not always the same at

1400
01:19:01,329 --> 01:19:03,039
the end of the project.

1401
01:19:03,039 --> 01:19:07,069
Sales tax collection up a little bit from last year, but

1402
01:19:07,069 --> 01:19:13,039
actually really close. And then the year to date number.

1403
01:19:13,039 --> 01:19:18,960
Employment rate Q1 of 2026 average about 4%, a little bit

1404
01:19:18,960 --> 01:19:24,039
lower than state and nationwide. So that looks good for us.

1405
01:19:24,039 --> 01:19:28,729
And then as a reminder, October 2025 the Bureau of Labor

1406
01:19:28,729 --> 01:19:35,630
Statistics did not publish any data. So that accounts for

1407
01:19:35,630 --> 01:19:37,039
that drop.

1408
01:19:37,039 --> 01:19:43,789
So living index. This is done in comparison to other Texas

1409
01:19:43,789 --> 01:19:48,060
cities. Again, for Q1 only the lowest cost of living was

1410
01:19:48,060 --> 01:19:52,779
harlingen as always. And then the highest Plano everybody

1411
01:19:52,779 --> 01:19:56,039
else is below 100, which is the index.

1412
01:19:56,039 --> 01:20:10,310
So that's 500 equals average. And we are below average for

1413
01:20:10,310 --> 01:20:10,819
most of the categories. And then I have a comparison here

1414
01:20:10,819 --> 01:20:11,310
for this time last year, and then the average annual for

1415
01:20:11,310 --> 01:20:12,039
last year. So our numbers are down from last year.

1416
01:20:12,039 --> 01:20:14,039
So our cost of living.

1417
01:20:14,039 --> 01:20:17,949
Well, it might seem like it's going up, it's going down

1418
01:20:17,949 --> 01:20:19,039
from last year.

1419
01:20:19,039 --> 01:20:23,640
And then in comparison to the rest of the US. I don't know

1420
01:20:23,640 --> 01:20:26,640
how much you guys remember from my past presentations, but

1421
01:20:26,640 --> 01:20:29,460
usually to cater a little away is a cheaper place to live

1422
01:20:29,460 --> 01:20:30,039
in the US.

1423
01:20:30,039 --> 01:20:36,489
But now Mississippi beat them at a 79.3 index and then

1424
01:20:36,489 --> 01:20:42,449
Manhattan remains the highest place cost of living in the

1425
01:20:42,449 --> 01:20:49,039
US. And I love to point out how expensive their housing is.

1426
01:20:49,039 --> 01:20:49,770
Just to alleviate any heartache people might have about

1427
01:20:49,770 --> 01:20:50,039
living in Texas.

1428
01:20:50,039 --> 01:21:00,329
And then I have our comparisons for that transition. And

1429
01:21:00,329 --> 01:21:04,710
then this kind of reflects that as well our median home

1430
01:21:04,710 --> 01:21:08,039
price went down compared to other years.

1431
01:21:08,039 --> 01:21:12,039
Now I have commercial real estate, industrial.

1432
01:21:12,039 --> 01:21:23,640
What can you do? All right. This is down a little bit from

1433
01:21:23,640 --> 01:21:24,560
the same last year, and we have about 4.2 billion square

1434
01:21:24,560 --> 01:21:25,039
feet available.

1435
01:21:25,039 --> 01:21:33,039
Now retail again down 3.5. They could see right.

1436
01:21:33,039 --> 01:21:37,850
And then downtown I forgot to put my comparison for

1437
01:21:37,850 --> 01:21:43,560
downtown, but I wanted to call this out. We have a 4.8% vac

1438
01:21:43,560 --> 01:21:46,039
ancy rate and last year was 8.2.

1439
01:21:46,039 --> 01:21:49,500
Brittany mentioned this yesterday in her work session

1440
01:21:49,500 --> 01:21:52,460
report to council but a lot of that is thanks to the

1441
01:21:52,460 --> 01:21:56,079
efforts of the Main Street program and recruitment things

1442
01:21:56,079 --> 01:21:57,039
like that.

1443
01:21:57,039 --> 01:22:01,039
Making sure those vacancies get filled.

1444
01:22:01,039 --> 01:22:04,569
I'm finished. Thank you for your time and letting me speak

1445
01:22:04,569 --> 01:22:06,039
for that. Any questions?

1446
01:22:06,039 --> 01:22:11,039
Oh, it's very interesting. Thank you.

1447
01:22:11,039 --> 01:22:19,130
Go back to the items and so we'll go to I think we're done

1448
01:22:19,130 --> 01:22:20,039
with future.

1449
01:22:20,039 --> 01:22:24,239
Anybody else have any other requests at some point low

1450
01:22:24,239 --> 01:22:28,699
priority, but I would like to hear more about the state of

1451
01:22:28,699 --> 01:22:32,039
our healthcare industry here in the city.

1452
01:22:32,039 --> 01:22:36,140
Since we're hearing so much about that job creation, I'd

1453
01:22:36,140 --> 01:22:40,130
like to know what we've got and what maybe we could do to

1454
01:22:40,130 --> 01:22:43,039
move that up on our target list as well.

1455
01:22:43,039 --> 01:22:50,090
So we'll get those two items in consideration for future

1456
01:22:50,090 --> 01:22:51,039
agenda.

1457
01:22:51,039 --> 01:22:54,949
And then our next EEP meeting will be scheduled for

1458
01:22:54,949 --> 01:22:59,039
Wednesday, August 12th at 11 o'clock.

1459
01:22:59,039 --> 01:23:02,949
So make sure we're letting staff know on our attendance so

1460
01:23:02,949 --> 01:23:07,039
that we can make sure we have a full-time form.

1461
01:23:07,039 --> 01:23:10,039
There's no other business and we'll adjourn at 1120.

1462
01:23:10,039 --> 01:23:13,510
I just wanted to say that one item that was not on the

1463
01:23:13,510 --> 01:23:18,130
report, the term report, but we did attend an event where

1464
01:23:18,130 --> 01:23:21,270
Brittany was recognized as one of the 40 under 40 from the

1465
01:23:21,270 --> 01:23:26,909
Dallas Business Journal along with Ruth Piper from Health

1466
01:23:26,909 --> 01:23:29,039
and Health.

1467
01:23:29,039 --> 01:23:32,289
And then Carrie, do you want to maybe speak to one of our

1468
01:23:32,289 --> 01:23:36,039
former Economic Development Board members?

1469
01:23:36,039 --> 01:23:39,329
John Vane has passed away and there's a celebration this

1470
01:23:39,329 --> 01:23:40,039
weekend.

1471
01:23:40,039 --> 01:23:46,350
Yes, John Vane's past chairman of this organization passed

1472
01:23:46,350 --> 01:23:48,039
away Monday.

1473
01:23:48,039 --> 01:23:52,039
John lost his fight with Cross-Raid Council.

1474
01:23:52,039 --> 01:23:57,039
He had been dealing with approximately about 15 years.

1475
01:23:57,039 --> 01:24:00,699
John was one of the founding members of the Black Chamber

1476
01:24:00,699 --> 01:24:07,539
of Commerce, instrumental with the Blues Festival, Young

1477
01:24:07,539 --> 01:24:11,039
Minority Entrepreneurial Institute.

1478
01:24:11,039 --> 01:24:18,130
John's going to be very much missed with the community and

1479
01:24:18,130 --> 01:24:22,039
of course with our Chamber of Commerce.

1480
01:24:22,039 --> 01:24:30,130
John was appointed to this board back about eight years ago

1481
01:24:30,130 --> 01:24:33,039
and moved up to be chairman of this board.

1482
01:24:33,039 --> 01:24:35,039
We're going to miss John.

1483
01:24:35,039 --> 01:24:38,039
The event is going to be a memorial at the Civic Center.

1484
01:24:38,039 --> 01:24:40,039
I believe it's 10, 1030.

1485
01:24:40,039 --> 01:24:41,039
Don't hold me at that.

1486
01:24:41,039 --> 01:24:46,039
I think they're having a family hour, about 930.

1487
01:24:46,039 --> 01:24:49,520
I don't know if anything in lieu of flowers they're asking

1488
01:24:49,520 --> 01:24:50,039
for.

1489
01:24:50,039 --> 01:24:54,039
But if anything, I'll let you guys know.

1490
01:24:54,039 --> 01:24:59,180
I'll reach out to Brittany or Christina to spread in the

1491
01:24:59,180 --> 01:25:00,039
news.

1492
01:25:00,039 --> 01:25:04,039
You guys keep John and his family in prayer and his wife,

1493
01:25:04,039 --> 01:25:07,039
two children and many friends and relatives.

1494
01:25:07,039 --> 01:25:10,039
He will be missed.

1495
01:25:10,039 --> 01:25:17,039
Certainly someone that's given a lot to the community.

1496
01:25:17,039 --> 01:25:20,539
Thank you, Jared. Level 29. Thank you.