WEBVTT

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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.

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If you're basically comparison to some alternative

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industries that can take space, it also will spur in field

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and infrastructure development, which not only supports

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that property, but some of the ordering parcels that are

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within the region and it secures this new company with a

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grand history of supporting career and technical education

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within Missouri through the One Missouri Program.

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They have their own targeted recruitment of veterans

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currently, and they have a great amount of sustainability

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efforts in particular that T3 technology really for those

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companies that are using it on site helps reduce the time

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of just simply equipment running and the emissions that

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creates.

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So it really not only have cost level creates efficiency

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for those companies on a sustainability level. It also

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helps.

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And all of those items are highlighted on the right between

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our city of debt and strategic plan and our chapter 380

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policy considerations.

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So staff recommendation is to carry out a chapter 380

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agreement, which will be capped at the previous included

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figure.

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That includes the ad for rebate 50% for five years on both

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real property improvements and business personal property

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sales tax rebate construction materials at 50% and a job

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based credit.

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Next steps upon recommendation for approval be going to see

00:14:13.629 --> 00:14:18.039
council for individual consideration on August 4.

00:14:18.039 --> 00:14:21.039
And I can take any questions.

00:14:21.039 --> 00:14:24.500
And I should also note that in the room, we also have Mark

00:14:24.500 --> 00:14:27.559
Wallace here from equipment share is the manager of

00:14:27.559 --> 00:14:30.039
economic development conditions.

00:14:30.039 --> 00:14:31.039
So,

00:14:31.039 --> 00:14:36.799
No questions, just comment that if you've been out by the

00:14:36.799 --> 00:14:43.039
industrial area going toward the airport at Western,

00:14:43.039 --> 00:14:47.029
Boulard and Airport Road, there's a place that puts decals

00:14:47.029 --> 00:14:48.039
on vehicles.

00:14:48.039 --> 00:14:50.039
There have been hundreds of trucks going through.

00:14:50.039 --> 00:14:53.399
They're getting details for this company for the last six

00:14:53.399 --> 00:14:54.039
months.

00:14:54.039 --> 00:15:00.039
So I think they're committed to our community.

00:15:00.039 --> 00:15:03.039
So,

00:15:03.039 --> 00:15:06.769
First of all, every time you say T3, I imagine terminators

00:15:06.769 --> 00:15:10.039
from the movie actually like renting out.

00:15:10.039 --> 00:15:14.039
And so I'd like to know if that's available to terminators.

00:15:14.039 --> 00:15:16.039
That'd be great.

00:15:16.039 --> 00:15:19.950
And I asked this question to you prior, but on the

00:15:19.950 --> 00:15:26.039
requirements regarding the chapter 380 agreement.

00:15:26.039 --> 00:15:30.429
Right now we've got the requirements that kind of TBD just

00:15:30.429 --> 00:15:35.039
above the last year's certified value at lower value.

00:15:35.039 --> 00:15:38.740
When does that get baked in as far as, you know, one sent

00:15:38.740 --> 00:15:39.039
over?

00:15:39.039 --> 00:15:41.039
Like, what is it that expectation?

00:15:41.039 --> 00:15:43.039
When does that get put in?

00:15:43.039 --> 00:15:46.039
When will the final terms be finalized?

00:15:46.039 --> 00:15:49.950
Specifically to the appraised value requirement in the

00:15:49.950 --> 00:15:51.039
chapter 3.

00:15:51.039 --> 00:15:54.549
That should obviously be finalized either the end of this

00:15:54.549 --> 00:15:58.049
week or early next week due to the posting deadlines for

00:15:58.049 --> 00:16:00.039
the individual consideration itself.

00:16:00.039 --> 00:16:03.039
We're going to post next week for city council.

00:16:03.039 --> 00:16:05.240
So that'll be we're kind of in the final parts of doing

00:16:05.240 --> 00:16:07.039
legal approval and everything for that.

00:16:07.039 --> 00:16:09.990
Again, as a just explanation for how that typically works

00:16:09.990 --> 00:16:12.039
in different incentive agreements,

00:16:12.039 --> 00:16:15.509
usually that based on how we carry out our incentive

00:16:15.509 --> 00:16:19.470
analysis and that perceive what we think the valuation is

00:16:19.470 --> 00:16:20.039
going to be.

00:16:20.039 --> 00:16:24.419
Usually that barometer is crossing either about 70 percent

00:16:24.419 --> 00:16:28.519
or 80 percent of what that expected increase in valuation

00:16:28.519 --> 00:16:29.039
is.

00:16:29.039 --> 00:16:31.480
So that's usually how we make that into the agreement

00:16:31.480 --> 00:16:32.039
itself.

00:16:32.039 --> 00:16:35.509
And that is based on both submitting certificate of

00:16:35.509 --> 00:16:38.570
compliance, but also directly connecting it to how DCAD

00:16:38.570 --> 00:16:40.039
does their valuation.

00:16:40.039 --> 00:16:43.950
So in this case, the parcel itself again, struck stretches

00:16:43.950 --> 00:16:46.039
across all of the Baker site.

00:16:46.039 --> 00:16:50.230
So they will upon acquiring the site, it will become a new

00:16:50.230 --> 00:16:54.700
parcel, which on January 1st, that's when DCAD will carry

00:16:54.700 --> 00:16:58.039
out their analysis of valuation of the new parcel.

00:16:58.039 --> 00:17:01.950
So all in all, the base year will be set at that 2026

00:17:01.950 --> 00:17:03.039
automation.

00:17:03.039 --> 00:17:07.039
Thanks for that explanation. I appreciate it.

00:17:07.039 --> 00:17:10.039
Did you mention is this their first location in Texas?

00:17:10.039 --> 00:17:12.740
This is not their first location in Texas. They have

00:17:12.740 --> 00:17:15.710
different, they have a wide variety of locations in Texas

00:17:15.710 --> 00:17:17.039
for smaller operations,

00:17:17.039 --> 00:17:21.069
but this would be in general, their second large scale

00:17:21.069 --> 00:17:23.039
distribution center.

00:17:23.039 --> 00:17:24.039
Where's the other, do you know?

00:17:24.039 --> 00:17:26.039
The other is in Columbia, Missouri?

00:17:26.039 --> 00:17:29.039
Just outside of Columbia, Missouri.

00:17:29.039 --> 00:17:31.039
They have retail centers across the state of Texas.

00:17:31.039 --> 00:17:32.039
Yes.

00:17:32.039 --> 00:17:33.380
And so Midland Gas, that's where I'm from. They're

00:17:33.380 --> 00:17:34.039
everywhere.

00:17:34.039 --> 00:17:41.039
You can see their rentals everywhere, every site, gas site.

00:17:41.039 --> 00:17:41.039
So pretty well known.

00:17:41.039 --> 00:17:44.759
Do you feel, not deal specific, but whenever it says like

00:17:44.759 --> 00:17:48.049
they pay a living wage for all their, is there a set number

00:17:48.049 --> 00:17:49.039
threshold that is a living wage?

00:17:49.039 --> 00:17:50.039
What is that for?

00:17:50.039 --> 00:17:53.039
So that's, we baked that. It's actually, I think,

00:17:53.039 --> 00:17:55.039
specifically called out in our 380 policy.

00:17:55.039 --> 00:17:58.950
It's MIT specifically does living wage calculations,

00:17:58.950 --> 00:18:02.839
calculations that they consistently update on a quarterly

00:18:02.839 --> 00:18:05.039
basis, Erica, on a quarterly basis.

00:18:05.039 --> 00:18:08.509
And that is a county to county level. So that's

00:18:08.509 --> 00:18:11.039
specifically based on Denton County through MIT.

00:18:11.039 --> 00:18:14.039
They not only do a living wage analysis, but they also,

00:18:14.039 --> 00:18:16.039
what are the different levels again?

00:18:16.039 --> 00:18:18.710
They have a poverty wage, I believe is also what they carry

00:18:18.710 --> 00:18:21.279
out, but specifically throughout that high end is the

00:18:21.279 --> 00:18:22.039
living wage.

00:18:22.039 --> 00:18:24.039
Do you know what that number is?

00:18:24.039 --> 00:18:26.039
I can find it.

00:18:26.039 --> 00:18:29.039
You can let me know there. I'm just curious.

00:18:29.039 --> 00:18:33.039
I had a question. The must do's was pretty long list.

00:18:33.039 --> 00:18:38.480
So I guess the question I'm asking is not in the punishment

00:18:38.480 --> 00:18:40.740
mindset, but it's like, is it an all or nothing kind of

00:18:40.740 --> 00:18:41.039
thing?

00:18:41.039 --> 00:18:44.279
Like you have to meet all these requirements too, or is

00:18:44.279 --> 00:18:47.710
there a discussion in between just because the list was big

00:18:47.710 --> 00:18:48.039
?

00:18:48.039 --> 00:18:50.039
Absolutely.

00:18:50.039 --> 00:18:53.279
So they're set out for success and we're set out for

00:18:53.279 --> 00:18:54.039
success.

00:18:54.039 --> 00:18:57.039
So some of them are split a little bit.

00:18:57.039 --> 00:19:01.599
In particular, like the sales tax rebate doesn't have the

00:19:01.599 --> 00:19:05.579
same job based requirement of meeting those minimum amount

00:19:05.579 --> 00:19:09.039
of employees because the sales tax rebates more focused on

00:19:09.039 --> 00:19:12.130
that initial development stage and erecting the building

00:19:12.130 --> 00:19:16.039
and creating the improvements that were described.

00:19:16.039 --> 00:19:20.119
But again, we really do have open communication with our

00:19:20.119 --> 00:19:24.130
prospects as we go through these performance metrics to

00:19:24.130 --> 00:19:26.099
ensure not only early on when they create the capital

00:19:26.099 --> 00:19:28.640
investment figures that they're describing, we try to

00:19:28.640 --> 00:19:31.319
communicate early on, hey, this is what's going to be baked

00:19:31.319 --> 00:19:33.039
into the agreement itself.

00:19:33.039 --> 00:19:36.039
This is something we can reach and come back around to.

00:19:36.039 --> 00:19:38.799
And again, that's kind of where we create a little bit

00:19:38.799 --> 00:19:41.829
about we understand that construction is a unpredictable

00:19:41.829 --> 00:19:44.700
business and sometimes you can be over or under and in the

00:19:44.700 --> 00:19:47.640
same way, the way your property ends up getting valued by

00:19:47.640 --> 00:19:51.039
decals unpredictable in some senses to really just depends.

00:19:51.039 --> 00:19:54.180
So that's where we try to create that way to make sure that

00:19:54.180 --> 00:19:57.579
these are performance metrics that accomplish both sides of

00:19:57.579 --> 00:20:00.460
it and make sure that the project is the rule that was

00:20:00.460 --> 00:20:03.799
described, but it's not something so strict and stringent

00:20:03.799 --> 00:20:07.160
that it doesn't allow for the normal flexibility of

00:20:07.160 --> 00:20:08.039
development.

00:20:08.039 --> 00:20:13.039
Thank you.

00:20:13.039 --> 00:20:17.710
Sorry, I just thought of after Rick's comment, a concern in

00:20:17.710 --> 00:20:21.730
the past with this board has been that we don't want to

00:20:21.730 --> 00:20:26.319
recommend offering incentives if the decision has already

00:20:26.319 --> 00:20:28.039
been made to come.

00:20:28.039 --> 00:20:31.700
Can you speak to the property has or has not been purchased

00:20:31.700 --> 00:20:34.960
and do you believe that this incentive is part of the

00:20:34.960 --> 00:20:38.309
reason for the decision and if you just wouldn't mind

00:20:38.309 --> 00:20:42.210
speaking to that that's something that we've always wanted

00:20:42.210 --> 00:20:43.039
to make sure of.

00:20:43.039 --> 00:20:44.039
Yeah, absolutely.

00:20:44.039 --> 00:20:46.039
The property has not been purchased.

00:20:46.039 --> 00:21:02.049
That's legally kind of required for us in this sense. And

00:21:02.049 --> 00:21:02.160
on top of that, I mean, we've been talking to them since

00:21:02.160 --> 00:21:02.319
they've been considering other sites and that's just the

00:21:02.319 --> 00:21:02.460
name of the game of the site selection process is whittling

00:21:02.460 --> 00:21:02.640
down getting this lower and smaller and smaller lists in

00:21:02.640 --> 00:21:06.240
that sense and really, especially for a site like this, it

00:21:06.240 --> 00:21:09.130
's a green field is going to need a little bit of work on

00:21:09.130 --> 00:21:11.460
the land side of things and the infrastructure side of

00:21:11.460 --> 00:21:14.140
things, which, you know, compared to alternative sites

00:21:14.140 --> 00:21:15.039
might not be the case.

00:21:15.039 --> 00:21:17.960
I'm not familiar with the other sites would be that are

00:21:17.960 --> 00:21:21.250
being considered, but especially from green field always

00:21:21.250 --> 00:21:23.990
the scale of this development, having that added

00:21:23.990 --> 00:21:26.779
partnership with the city is kind of key to be able to

00:21:26.779 --> 00:21:30.039
carry out the improvements that would be necessary.

00:21:30.039 --> 00:21:34.039
I don't mind over speaking at all here, but I can openly

00:21:34.039 --> 00:21:38.210
say that we currently have site selection resources and

00:21:38.210 --> 00:21:42.670
initial incentive packages back from the Atlanta area, the

00:21:42.670 --> 00:21:47.140
Indianapolis area, the Columbus area and the Salt Lake City

00:21:47.140 --> 00:21:48.039
area.

00:21:48.039 --> 00:21:53.950
So, very much a competitive project out of really all 50

00:21:53.950 --> 00:21:59.630
states, but in maybe a more feasible idea here would be

00:21:59.630 --> 00:22:04.700
probably three out of the 20 or so states. We've engaged on

00:22:04.700 --> 00:22:07.759
this. We'll see some form of large scale development over

00:22:07.759 --> 00:22:09.039
the next 10 years.

00:22:09.039 --> 00:22:13.569
This would be our first large scale expansion outside the

00:22:13.569 --> 00:22:18.640
state of Missouri that isn't just a retail location. So, we

00:22:18.640 --> 00:22:22.329
are doing our due diligence. We have a team of economic

00:22:22.329 --> 00:22:25.700
developers internally as well and we always have to over

00:22:25.700 --> 00:22:30.039
explain to our folks what it means to remain a competitive

00:22:30.039 --> 00:22:32.759
project and the land not just in the right place, but with

00:22:32.759 --> 00:22:33.039
the right partners.

00:22:33.039 --> 00:22:37.700
So, Brittany and Clay have been great so far and that's no

00:22:37.700 --> 00:22:41.960
small part of why we're moving forward with even this

00:22:41.960 --> 00:22:43.039
meeting.

00:22:43.039 --> 00:22:46.650
Thank you so much for that feedback and we welcome you here

00:22:46.650 --> 00:22:50.740
and hope you love it as much as we do. Thank you and thank

00:22:50.740 --> 00:22:52.039
you so much.

00:22:52.039 --> 00:23:07.039
Thank you.

00:23:07.039 --> 00:23:10.190
Not a certain percentage. That's a recent thing that I'm

00:23:10.190 --> 00:23:13.029
not sure if I'm allowed to kind of describe some of the

00:23:13.029 --> 00:23:16.190
private conversations that happen with that, but I can at

00:23:16.190 --> 00:23:19.420
least describe that for the first time last year, just over

00:23:19.420 --> 00:23:23.119
last year, I'm going to say it was approved in December,

00:23:23.119 --> 00:23:26.059
our engine tech agreement was the first time we added

00:23:26.059 --> 00:23:30.039
resident bonus consideration, which was under the

00:23:30.039 --> 00:23:33.440
questioning of how do we make sure that some of this stays

00:23:33.440 --> 00:23:36.039
in Denton and those the incentive we're putting towards the

00:23:36.039 --> 00:23:36.039
end.

00:23:36.039 --> 00:23:39.650
And if we're putting towards this creates jobs here so that

00:23:39.650 --> 00:23:43.130
was our current approach with engine tech so this is going

00:23:43.130 --> 00:23:46.480
to be mirrored off of that incentive agreement it's not

00:23:46.480 --> 00:23:50.009
based off of a percentage requirements to receive the job

00:23:50.009 --> 00:23:54.089
base in general currently is truly a bonus so the incentive

00:23:54.089 --> 00:23:59.500
itself has a portion of it that is dedicated to hey you can

00:23:59.500 --> 00:24:02.039
get up to the $83,000 cap.

00:24:02.039 --> 00:24:05.759
And to do that, you need to make sure that X number of the

00:24:05.759 --> 00:24:09.569
new employees you're bringing on are going to be proven to

00:24:09.569 --> 00:24:13.630
be residents of the city itself. So it's not more so of a

00:24:13.630 --> 00:24:16.640
percentage to be able to qualify for the entire thing is a

00:24:16.640 --> 00:24:20.180
bonus to kind of reach the last portion of the cap

00:24:20.180 --> 00:24:21.039
agreement itself.

00:24:21.039 --> 00:24:24.950
So, it's something that we based off of something we did

00:24:24.950 --> 00:24:28.450
for the first time a couple years ago or I think it was a

00:24:28.450 --> 00:24:32.630
year and a half ago. Some of we're still exploring workshop

00:24:32.630 --> 00:24:33.039
.

00:24:33.039 --> 00:24:43.819
So, we're still trying to figure out how to make sure that

00:24:43.819 --> 00:24:52.039
we're getting the best out of the job base. So, we're still

00:24:52.039 --> 00:24:52.039
trying to figure out how to make sure that we're getting

00:24:52.039 --> 00:24:52.039
the best out of the job base.

00:24:52.039 --> 00:25:07.039
We will move to work.

00:25:07.039 --> 00:25:13.940
The chief economic development officer at the Texas

00:25:13.940 --> 00:25:22.039
executive director of the Texas talent accelerator program.

00:25:22.039 --> 00:25:25.329
As a reminder for to the support of our guest speaker

00:25:25.329 --> 00:25:30.039
series and so we're very thankful to have been in today's.

00:25:30.039 --> 00:25:37.039
Accelerator.

00:25:37.039 --> 00:25:39.579
It's an honor to be here. My name is Ben McGill. I'm the

00:25:39.579 --> 00:25:44.250
chief economic development officer at T, as well as another

00:25:44.250 --> 00:25:49.039
half the executive director of the Texas talent accelerator

00:25:49.039 --> 00:25:49.039
.

00:25:49.039 --> 00:25:52.609
I've been in economic development workforce development in

00:25:52.609 --> 00:25:56.529
the North Texas region since about 2010. I've worked at

00:25:56.529 --> 00:25:59.829
cities and chambers and community college and now even T

00:25:59.829 --> 00:26:01.039
and this project.

00:26:01.039 --> 00:26:05.039
And so excited to tell you about this this morning.

00:26:05.039 --> 00:26:09.039
What is the Texas talent accelerator?

00:26:09.039 --> 00:26:13.170
It is a regional intelligence hub. What does that mean? We

00:26:13.170 --> 00:26:15.039
'll dig into that a little bit.

00:26:15.039 --> 00:26:24.809
But the basic info is that the Texas talent is a regional

00:26:24.809 --> 00:26:30.140
intelligence hub founded by you and T with a special item

00:26:30.140 --> 00:26:34.809
through the Texas legislature to create a regional resource

00:26:34.809 --> 00:26:35.039
.

00:26:35.039 --> 00:26:39.710
Okay, to to help us understand the labor market, help us

00:26:39.710 --> 00:26:44.140
get more aligned as a region. So, while this is being

00:26:44.140 --> 00:26:48.329
founded by you and T, the intention is to serve the entire

00:26:48.329 --> 00:26:49.039
region.

00:26:49.039 --> 00:26:53.140
So, any educational institution that wants to become more

00:26:53.140 --> 00:26:57.160
labor market aligned, we are here to help. So, think of

00:26:57.160 --> 00:27:01.119
think of the accelerator as not only an intelligence hub or

00:27:01.119 --> 00:27:05.039
labor market data, but also an extension service.

00:27:05.039 --> 00:27:09.000
So, what is labor market alignment? You all probably know

00:27:09.000 --> 00:27:12.569
this given the time that you spend in meetings like this

00:27:12.569 --> 00:27:16.630
economic development, but it's really making sure that the

00:27:16.630 --> 00:27:21.039
programs, the certificates, the degrees that we're offering

00:27:21.039 --> 00:27:24.650
at you and T and other colleges and universities around the

00:27:24.650 --> 00:27:30.309
region are of value to the students who are spending their

00:27:30.309 --> 00:27:33.039
time and energy to get those degrees.

00:27:33.039 --> 00:27:36.390
And that they have value in the marketplace. Are they

00:27:36.390 --> 00:27:39.890
aligned with the needs of employers? Right? So, we spend a

00:27:39.890 --> 00:27:43.039
lot of time as a team looking at labor market data.

00:27:43.039 --> 00:27:46.970
But as you all may have experienced, the data does not tell

00:27:46.970 --> 00:27:50.819
us everything. Right? So, we spend a lot of time also

00:27:50.819 --> 00:27:55.359
talking with economic development organizations, employers,

00:27:55.359 --> 00:27:58.920
other colleges and universities and trying to bring

00:27:58.920 --> 00:28:02.549
everybody together on a regular basis to get an idea of

00:28:02.549 --> 00:28:05.039
what's going on in the region.

00:28:05.039 --> 00:28:09.119
So, let me tell you a little bit about that work. And by

00:28:09.119 --> 00:28:13.509
the way, please just interrupt me if you have questions and

00:28:13.509 --> 00:28:18.180
I'll go until you all kind of just cut me off. Whatever

00:28:18.180 --> 00:28:20.039
feels right.

00:28:20.039 --> 00:28:24.579
So, we recently had one of our quarterly convenings down at

00:28:24.579 --> 00:28:28.849
Pegasus Park in Dallas. We brought together multiple

00:28:28.849 --> 00:28:32.960
colleges and universities, economic development

00:28:32.960 --> 00:28:37.599
organizations, employers to kind of talk about this concept

00:28:37.599 --> 00:28:43.039
, get feedback on the data that we've been working on.

00:28:43.039 --> 00:28:48.920
And we really want to not only be an intelligence hub,

00:28:48.920 --> 00:28:52.819
right? And collect this data and understand this data, but

00:28:52.819 --> 00:28:56.099
put it into action. Actionable insights is what we're

00:28:56.099 --> 00:28:58.500
really after. Right? So, what do we do about all these

00:28:58.500 --> 00:29:02.039
insights? If it's just data, that's great.

00:29:02.039 --> 00:29:05.599
But we got to put it into action and really change things

00:29:05.599 --> 00:29:08.039
and make an impact for the region.

00:29:08.039 --> 00:29:13.859
So, as we've been doing this work over the last, let's see,

00:29:13.859 --> 00:29:18.119
we started officially on September 1st last year, so we're

00:29:18.119 --> 00:29:22.029
not even out of year yet. But as we've been doing this,

00:29:22.029 --> 00:29:25.319
these are some of the things that have emerged from the

00:29:25.319 --> 00:29:28.210
listening sessions that we've had, the interactions we've

00:29:28.210 --> 00:29:30.039
had with our different stakeholder groups.

00:29:30.039 --> 00:29:33.759
Our region needs a better understanding of emerging skills

00:29:33.759 --> 00:29:37.190
and the impact of AI on that workforce. Soft skills are

00:29:37.190 --> 00:29:40.599
still important or durable skills are still important

00:29:40.599 --> 00:29:44.039
managing the transition to and within workforce.

00:29:44.039 --> 00:29:48.480
Priorities should revolve around pathways to target occup

00:29:48.480 --> 00:29:53.029
ations. What's the best way, what's the best pathway to get

00:29:53.029 --> 00:29:57.339
to that living wage job or that thriving wage job? What's

00:29:57.339 --> 00:30:01.240
going to get me there fastest? What's the most efficient

00:30:01.240 --> 00:30:04.700
route to that? What's the degree or the certification or

00:30:04.700 --> 00:30:10.039
the key skills that are going to get me that good job?

00:30:10.039 --> 00:30:10.039
Right?

00:30:10.039 --> 00:30:14.700
And then insights on graduate employment outcomes. If you

00:30:14.700 --> 00:30:20.950
've spent any time in the labor market data space, there is

00:30:20.950 --> 00:30:25.319
kind of a, there's a black hole in terms of where are

00:30:25.319 --> 00:30:28.039
people winding up. Right?

00:30:28.039 --> 00:30:31.769
There's a lot of information about what students are

00:30:31.769 --> 00:30:35.640
studying and what type of talent is needed. If you all work

00:30:35.640 --> 00:30:39.630
for a company, own a company, you have a really good idea

00:30:39.630 --> 00:30:42.039
of what you need in terms of talent.

00:30:42.039 --> 00:30:45.950
And we have a lot of great institutions that are offering a

00:30:45.950 --> 00:30:49.440
lot of great programs, but we kind of don't know once

00:30:49.440 --> 00:30:53.200
students graduate where they wind up. And that's a key

00:30:53.200 --> 00:30:56.670
piece of information to help us do our work better as

00:30:56.670 --> 00:31:00.400
educational institutions. So that's something we're trying

00:31:00.400 --> 00:31:01.039
to dig into.

00:31:01.039 --> 00:31:04.769
We're working with the state. We're working with other

00:31:04.769 --> 00:31:08.349
partners around the country to kind of help shine a light

00:31:08.349 --> 00:31:12.640
on that and better understand employment outcomes. And I'll

00:31:12.640 --> 00:31:16.039
tell you a little bit about that in a minute.

00:31:16.039 --> 00:31:20.039
Why we think this work matters.

00:31:20.039 --> 00:31:23.240
As we've talked about workforce demand is being rapidly res

00:31:23.240 --> 00:31:25.039
haped for a number of reasons.

00:31:25.039 --> 00:31:29.039
At least of these AI.

00:31:29.039 --> 00:31:31.559
Skills needs are evolving faster than traditional systems

00:31:31.559 --> 00:31:35.690
in the labor market data world. We have these very outdated

00:31:35.690 --> 00:31:39.910
occupation titles that do not translate to what, you know,

00:31:39.910 --> 00:31:43.579
the jobs that people are applying for. Right? When you look

00:31:43.579 --> 00:31:45.039
at online job postings.

00:31:45.039 --> 00:31:49.039
The data exists, but it's fragmented.

00:31:49.039 --> 00:31:51.460
So this current situation requires a new coordinated

00:31:51.460 --> 00:31:54.539
approach. There are a lot of great institutions, a lot of

00:31:54.539 --> 00:31:57.589
great economic development organizations that are all

00:31:57.589 --> 00:32:01.039
looking at data, trying to make data informed decisions.

00:32:01.039 --> 00:32:04.509
But our our hope and our goal is to kind of have a

00:32:04.509 --> 00:32:08.339
coordinated vision and understanding for the region and to

00:32:08.339 --> 00:32:12.630
be communicating about communicating about that working on

00:32:12.630 --> 00:32:16.809
that together as a region. Because as you all know, people

00:32:16.809 --> 00:32:20.039
drive all across this region to go to work.

00:32:20.039 --> 00:32:23.990
They might live in Denton and drive somewhere else, vice

00:32:23.990 --> 00:32:28.130
versa to go to their job. And so it's really important that

00:32:28.130 --> 00:32:32.039
we think about this as a regional regional economy.

00:32:32.039 --> 00:32:35.069
So, as I mentioned, really the core of this is both

00:32:35.069 --> 00:32:38.680
understanding the labor market data, as well as getting the

00:32:38.680 --> 00:32:41.930
stakeholder group together to talk about what they're

00:32:41.930 --> 00:32:43.039
witnessing.

00:32:43.039 --> 00:32:46.950
What's missing from the data so that we have a better

00:32:46.950 --> 00:32:50.839
understanding and can build towards that. So quarterly

00:32:50.839 --> 00:32:54.630
basis, we convene the stakeholder network, education

00:32:54.630 --> 00:32:58.039
institutions, economic development employers, etc.

00:32:58.039 --> 00:33:01.950
To get to get that feedback. And then we turn that into

00:33:01.950 --> 00:33:06.519
into action, right? Actionable insights. So I'll take you a

00:33:06.519 --> 00:33:10.299
little bit. I'll show you a little bit about what we've

00:33:10.299 --> 00:33:13.380
done as it relates to health care. There's a couple of

00:33:13.380 --> 00:33:14.039
other examples in here, too.

00:33:14.039 --> 00:33:19.009
We may not have time for that today, but as you all know,

00:33:19.009 --> 00:33:24.069
this region, it's both a blessing and a curse that we have

00:33:24.069 --> 00:33:28.039
such economic diversity in this region.

00:33:28.039 --> 00:33:33.920
Any one industry does not overpower the others. So all of

00:33:33.920 --> 00:33:39.630
our work would be a little bit easier if we just had two,

00:33:39.630 --> 00:33:45.089
three industries and that's all we had to figure out. For

00:33:45.089 --> 00:33:45.839
better or for worse, that's not the situation in North

00:33:45.839 --> 00:33:46.039
Texas.

00:33:46.039 --> 00:33:50.079
All the industries matter. All the industry sectors matter.

00:33:50.079 --> 00:33:53.839
We have to respond to that as educational institutions. And

00:33:53.839 --> 00:33:57.630
so as a result, we have lots of programs, lots of degrees

00:33:57.630 --> 00:33:59.039
across many sectors.

00:33:59.039 --> 00:34:04.910
But health care is constantly consistently at the top. That

00:34:04.910 --> 00:34:10.630
's a big one. That is a big one. Not only in North Texas,

00:34:10.630 --> 00:34:16.039
but around the country. And it's only going to continue to

00:34:16.039 --> 00:34:17.039
grow.

00:34:17.039 --> 00:34:21.710
It's been the most consistent source of job growth since

00:34:21.710 --> 00:34:27.230
2023 in the U.S. And that tracks with Texas as well and

00:34:27.230 --> 00:34:31.599
with North Texas. So while it's something that we tend to

00:34:31.599 --> 00:34:36.050
understand and spend a lot of time on, and it may not be

00:34:36.050 --> 00:34:42.619
the most exciting topic of the day, this is a behemoth

00:34:42.619 --> 00:34:44.800
sector and something that's going to continue to be really

00:34:44.800 --> 00:34:46.039
important to continue to grow.

00:34:46.039 --> 00:34:50.300
So that's something we've really focused on as of late. You

00:34:50.300 --> 00:34:54.599
can see here why this matters to the DFW economy. Jobs grew

00:34:54.599 --> 00:34:58.960
by over 500,000 plus over the last five years, projected

00:34:58.960 --> 00:35:00.039
through more.

00:35:00.039 --> 00:35:04.880
Lots of job postings across a ton of companies over the

00:35:04.880 --> 00:35:10.280
last 12 months. So again, this is a big, important sector

00:35:10.280 --> 00:35:12.039
to pay attention to.

00:35:12.039 --> 00:35:16.289
After doing putting together this health care report, which

00:35:16.289 --> 00:35:19.780
I'm going to share with you all if you don't mind just

00:35:19.780 --> 00:35:21.039
passing this.

00:35:21.039 --> 00:35:25.269
This is an executive summary of a health care report that

00:35:25.269 --> 00:35:27.860
we did. We did a lot of the data work to kind of understand

00:35:27.860 --> 00:35:30.639
what we were working with. And then we spent a lot of time

00:35:30.639 --> 00:35:36.139
talking with employers, talking with the DFW Hospital

00:35:36.139 --> 00:35:39.039
Council Association Foundation, excuse me,

00:35:39.039 --> 00:35:41.539
to really understand what they were seeing across all these

00:35:41.539 --> 00:35:45.019
different health care systems. And some of the things that

00:35:45.019 --> 00:35:48.889
came out were, you know, we've got to get, we've got to get

00:35:48.889 --> 00:35:50.039
into the weeds.

00:35:50.039 --> 00:35:54.579
We've got to get a closer relationship with industry, not

00:35:54.579 --> 00:35:59.309
once candidates or employees or students graduating, but

00:35:59.309 --> 00:36:03.480
when they're looking for what career to go into, when they

00:36:03.480 --> 00:36:06.130
're looking in high school, middle school or high school,

00:36:06.130 --> 00:36:08.039
like, what is my career going to be?

00:36:08.039 --> 00:36:12.510
That's where we need employer engagement. That's the kind

00:36:12.510 --> 00:36:18.039
of connection we want to foster.

00:36:18.039 --> 00:36:21.260
We need an employer's employees, excuse me, really need

00:36:21.260 --> 00:36:26.389
these wraparound supports. So we find things like, you know

00:36:26.389 --> 00:36:30.619
, affordable housing, you know, people having to drive

00:36:30.619 --> 00:36:34.269
across, you know, county to be able to get to the job, the

00:36:34.269 --> 00:36:36.039
living wage job.

00:36:36.039 --> 00:36:39.079
And, you know, that, that living wage being really affected

00:36:39.079 --> 00:36:41.849
when they're having to spend so much money on other things

00:36:41.849 --> 00:36:45.659
like trying to find childcare, etc. So these things have to

00:36:45.659 --> 00:36:49.039
be addressed jointly across the ecosystem.

00:36:49.039 --> 00:36:53.480
Allied health roles are super critical. And sometimes, you

00:36:53.480 --> 00:36:57.539
know, these are roles in which they pay a really good wage,

00:36:57.539 --> 00:37:02.039
but don't necessarily need a bachelor's or master's degree.

00:37:02.039 --> 00:37:07.460
So, this is something that we found out in talking with our

00:37:07.460 --> 00:37:13.019
friends at the hospital council foundation, which really

00:37:13.019 --> 00:37:15.039
this blew me away.

00:37:15.039 --> 00:37:19.239
This was in Collin County, specifically, signing bonuses

00:37:19.239 --> 00:37:25.039
for radiologic technology reaching as high as $30,000.

00:37:25.039 --> 00:37:28.769
They also highlighted the fact that I think in Collin

00:37:28.769 --> 00:37:32.840
County, specifically, there was no training program for

00:37:32.840 --> 00:37:38.670
grad techs. And so that's an opportunity for an institution

00:37:38.670 --> 00:37:42.039
to build, build in and fill that gap.

00:37:42.039 --> 00:37:46.760
When I talked earlier about understanding outcomes,

00:37:46.760 --> 00:37:51.989
understanding where students are winding up, and how we can

00:37:51.989 --> 00:37:56.360
kind of dig in and kind of develop pathways. This is not a

00:37:56.360 --> 00:37:58.039
totally holistic picture, but it's information that we can

00:37:58.039 --> 00:38:03.039
glean from online profiles.

00:38:03.039 --> 00:38:08.610
We're trying to trying to enrich this data by getting

00:38:08.610 --> 00:38:13.039
actual workforce data from the state.

00:38:13.039 --> 00:38:20.130
It gives us an idea of not only outputs of where graduates

00:38:20.130 --> 00:38:27.829
coming from, what types of degrees are they getting, where

00:38:27.829 --> 00:38:34.110
are they winding up in the workplace, right? So it begins

00:38:34.110 --> 00:38:34.440
to help us kind of track back and think about the types of

00:38:34.440 --> 00:38:35.039
investments we're making in programs and what we offer.

00:38:35.039 --> 00:38:38.949
Some of those outcomes you can see here, occupations

00:38:38.949 --> 00:38:42.690
entered from all of those graduate outcomes of health

00:38:42.690 --> 00:38:46.980
programs across the region. Not shocking to see registered

00:38:46.980 --> 00:38:52.039
nurses at the top of that list. That's a big one.

00:38:52.039 --> 00:38:57.039
I will move quickly through these.

00:38:57.039 --> 00:39:00.179
So what education levels do workers in these occupations

00:39:00.179 --> 00:39:03.550
hold? 52% of them do hold a bachelor's degree, 28%

00:39:03.550 --> 00:39:06.820
associate's degree. So it just gives you a flavor of what

00:39:06.820 --> 00:39:09.780
type of education, what level of education is needed for

00:39:09.780 --> 00:39:11.039
some of these roles.

00:39:11.039 --> 00:39:17.639
Which institutions feed these occupations? So where are

00:39:17.639 --> 00:39:24.360
students coming from and wind up in these? Again, it gives

00:39:24.360 --> 00:39:29.039
us an idea of output across the region.

00:39:29.039 --> 00:39:32.300
Skills gaps. This is often a conversation that comes up

00:39:32.300 --> 00:39:35.679
with employers, as you all know. Students are coming out

00:39:35.679 --> 00:39:39.079
with these great degrees, but where are the communication

00:39:39.079 --> 00:39:42.670
skills, where are the soft skills, the durable skills, the

00:39:42.670 --> 00:39:45.039
problem solving, the teamwork, et cetera.

00:39:45.039 --> 00:39:49.059
So those are things that are really valuable that we can

00:39:49.059 --> 00:39:53.519
communicate back to our higher ed institutions to say, let

00:39:53.519 --> 00:39:57.710
's make sure we're addressing these things in programs and

00:39:57.710 --> 00:39:59.039
curriculum.

00:39:59.039 --> 00:40:07.039
So I will pause there. Does anyone have any questions?

00:40:07.039 --> 00:40:16.639
On the graph, where's Strata? Is there a statistic that

00:40:16.639 --> 00:40:20.289
shows basically the first column feeding into the last

00:40:20.289 --> 00:40:26.130
column? Meaning, states in the region, other US or states

00:40:26.130 --> 00:40:27.039
in Texas?

00:40:27.039 --> 00:40:34.210
From the, by which school? Or is it all pretty consistent

00:40:34.210 --> 00:40:42.849
if you go to UTD, UTA, North Texas, TWA, that the retention

00:40:42.849 --> 00:40:47.280
in North Texas or retention in Texas or not retention in

00:40:47.280 --> 00:40:50.019
the US is all pretty consistent regardless of the

00:40:50.019 --> 00:40:51.039
institution?

00:40:51.039 --> 00:40:59.130
We could. We do have a way to look at that by institution.

00:40:59.130 --> 00:41:04.269
Yeah, I mean, I mean, obviously, now, but that might be

00:41:04.269 --> 00:41:08.659
interesting to see if North Texas or TWA is, you know,

00:41:08.659 --> 00:41:11.039
staying consistent with the others or better.

00:41:11.039 --> 00:41:18.349
Yeah, what I will say in general, my experience has been

00:41:18.349 --> 00:41:26.780
that students who are from, let's say, for example, a lower

00:41:26.780 --> 00:41:32.039
socioeconomic background tend to stay in the region.

00:41:32.039 --> 00:41:36.429
Now, the differentiator, as you would imagine, is as

00:41:36.429 --> 00:41:41.639
students get more education, their mobility changes. Right.

00:41:41.639 --> 00:41:44.980
So, but if they come from the region, and they tend to come

00:41:44.980 --> 00:41:48.039
from this, we saw this at Dallas College as well.

00:41:48.039 --> 00:41:52.250
Students in that from that background tend to have more of

00:41:52.250 --> 00:41:56.519
a loyalty, so to speak, to the region. But then as you as

00:41:56.519 --> 00:42:00.550
you receive more education, you earn more degrees and

00:42:00.550 --> 00:42:04.039
certificates, you become more mobile.

00:42:04.039 --> 00:42:12.289
So you look at opportunities elsewhere. So just that we

00:42:12.289 --> 00:42:19.119
could. Yeah, we could dig into that more. The reason I kind

00:42:19.119 --> 00:42:19.369
of brought them on, I guess there's a chart or staff that

00:42:19.369 --> 00:42:19.679
just came out. You'll probably see it on social media, but

00:42:19.679 --> 00:42:21.039
where it shows by state how many people stay in the state

00:42:21.039 --> 00:42:23.039
that they were born in versus moving elsewhere.

00:42:23.039 --> 00:42:26.130
And like I'll say it's like Minnesota was the number one,

00:42:26.130 --> 00:42:29.320
and then California was obviously pretty low just because

00:42:29.320 --> 00:42:32.510
it sounds like the last few years been flooded apartment,

00:42:32.510 --> 00:42:35.039
but I was just seeing how that tied to it.

00:42:35.039 --> 00:42:39.429
Yeah, well I think that's that's also why it's important

00:42:39.429 --> 00:42:43.519
that you, you know, in May, why, as part of economic

00:42:43.519 --> 00:42:48.179
development strategy, you're targeting those for sure like

00:42:48.179 --> 00:42:52.679
living wage jobs and beyond because as students become more

00:42:52.679 --> 00:42:56.489
mobile and have more opportunity, you know, your, your

00:42:56.489 --> 00:43:00.119
ability to attract them and keep them or retain them here

00:43:00.119 --> 00:43:04.039
is going to be dependent on those great jobs that are

00:43:04.039 --> 00:43:04.039
looking.

00:43:04.039 --> 00:43:08.039
Absolutely.

00:43:08.039 --> 00:43:12.750
So, in my gathering that the healthcare industry is, you're

00:43:12.750 --> 00:43:16.639
saying is the leader in this area as well as far as job

00:43:16.639 --> 00:43:21.250
creation. Yes, and just before we kind of get up that topic

00:43:21.250 --> 00:43:25.380
and kind of interested to you I mean we talked in the past

00:43:25.380 --> 00:43:31.750
about wanting to become kind of a healthcare hub here for

00:43:31.750 --> 00:43:35.250
some of the smaller cities around us and we have two jewels

00:43:35.250 --> 00:43:36.039
with our hospitals here.

00:43:36.039 --> 00:43:40.590
What kind of degrees are offered at UNT, TW in the

00:43:40.590 --> 00:43:46.170
healthcare industry here in Denton, I know there are other

00:43:46.170 --> 00:43:51.619
you know schools and, you know, UNT and TW have different

00:43:51.619 --> 00:43:53.039
campuses but.

00:43:53.039 --> 00:43:56.769
You mind if I ask that question. Do you know what type of

00:43:56.769 --> 00:44:00.230
healthcare degrees right now are offered at TW on the

00:44:00.230 --> 00:44:01.039
campus.

00:44:01.039 --> 00:44:05.570
Yes, since we did the new building. It's the first time we

00:44:05.570 --> 00:44:09.519
've done had cohorts for nursing OT and PT and then as

00:44:09.519 --> 00:44:14.039
opposed to having to go to Dallas and Houston for those.

00:44:14.039 --> 00:44:19.610
And so, we're also looking to add nurse practitioners

00:44:19.610 --> 00:44:25.670
physician assistants, the new dean and else I'll say we don

00:44:25.670 --> 00:44:32.039
't have the medical school facilities that UT has for work.

00:44:32.039 --> 00:44:35.039
Okay.

00:44:35.039 --> 00:44:38.280
Do you happen to know what kind of degrees we have. I'm

00:44:38.280 --> 00:44:41.510
looking at you know what the city of Denton is what we can

00:44:41.510 --> 00:44:44.639
do here how we can utilize those that are coming out,

00:44:44.639 --> 00:44:48.400
bringing in jobs for them anyway that's kind of where I'm

00:44:48.400 --> 00:44:49.039
going.

00:44:49.039 --> 00:44:52.949
Sorry, go ahead. Yes. And so most of it's at UNT health at

00:44:52.949 --> 00:44:54.039
Fort Worth.

00:44:54.039 --> 00:44:59.760
I can't clearly cannot get ahead of my skis but there's

00:44:59.760 --> 00:45:06.039
discussions about expanding in areas here in the city.

00:45:06.039 --> 00:45:12.119
Yeah, but yes we've been a program in work with UNT health

00:45:12.119 --> 00:45:18.599
which is clearly a different institution in the system, UNT

00:45:18.599 --> 00:45:24.039
system so yeah, different but we could partners.

00:45:24.039 --> 00:45:34.860
I was just a Jeremy asked a good question I think the thing

00:45:34.860 --> 00:45:41.090
you have to keep in mind. So, we don't have a medical

00:45:41.090 --> 00:45:41.239
school so I'll just use medical school, medical school or

00:45:41.239 --> 00:45:41.349
placements when you go to apply so my doctor when I was

00:45:41.349 --> 00:45:41.469
back in Kentucky was an AM grad, but he came from there and

00:45:41.469 --> 00:45:41.579
he went to school because he did get placements in a

00:45:41.579 --> 00:45:43.050
medical school so they're going to be the mobility is a lot

00:45:43.050 --> 00:45:44.789
different in a lot of those and I think the clinical plac

00:45:44.789 --> 00:45:46.039
ements.

00:45:46.039 --> 00:45:53.449
So, you're going to come this way and then you may end up,

00:45:53.449 --> 00:45:59.039
you know, staying with those.

00:45:59.039 --> 00:46:06.500
So the question may be how many students from here go to

00:46:06.500 --> 00:46:14.269
your schools I don't care what location they're at right

00:46:14.269 --> 00:46:23.039
and chances are they have a better probability coming back.

00:46:23.039 --> 00:46:27.030
And the statistics show where you do residency or where you

00:46:27.030 --> 00:46:31.260
do your placements where you end up staying and living. So,

00:46:31.260 --> 00:46:34.760
this information is really great. Thank you so much and

00:46:34.760 --> 00:46:37.039
those are my questions.

00:46:37.039 --> 00:46:39.039
Thank you.

00:46:39.039 --> 00:46:48.750
It was kind of tie into this but you mentioned the gap of

00:46:48.750 --> 00:46:57.039
you know, knowing where these kids end up. My daughter

00:46:57.039 --> 00:46:57.039
graduated college. Two years ago and, and I'm sure we do it

00:46:57.039 --> 00:46:57.039
all universities do it but the placement of those kids you

00:46:57.039 --> 00:46:57.039
know help.

00:46:57.039 --> 00:47:00.019
And I'm maybe pushing that to go hey how do we, how do we

00:47:00.019 --> 00:47:03.159
understand what you guys are doing and I understand it's

00:47:03.159 --> 00:47:06.289
impossible to do it through all industries, but I found

00:47:06.289 --> 00:47:09.190
that the placement and helping these kids when they

00:47:09.190 --> 00:47:12.039
graduated there was a gap there at the

00:47:12.039 --> 00:47:24.000
end of the year that they had to do it through all

00:47:24.000 --> 00:47:28.199
industries. And so that could be a way to boost, you know,

00:47:28.199 --> 00:47:28.400
if we elevated our placement programs with this

00:47:28.400 --> 00:47:28.639
relationship you guys are trying to build it sounds like

00:47:28.639 --> 00:47:28.829
that'd be a way to track that make an investment in that

00:47:28.829 --> 00:47:31.039
also, because I found that a lot of kids graduate

00:47:31.039 --> 00:47:35.159
with a bachelor's degree less with a master's, but more

00:47:35.159 --> 00:47:39.190
with a bachelor's that there's not a lot of support from

00:47:39.190 --> 00:47:44.039
the universities to get them placed or make introductions.

00:47:44.039 --> 00:47:48.420
So, that may be a way to help build that black spot which

00:47:48.420 --> 00:47:53.039
you guys probably already identified that you're spot on.

00:47:53.039 --> 00:48:01.170
That situation is that is that is an issue in most

00:48:01.170 --> 00:48:04.960
universities across the country, with the exception of your

00:48:04.960 --> 00:48:08.880
very elite private institutions, which do that very well,

00:48:08.880 --> 00:48:11.039
they do placement very well.

00:48:11.039 --> 00:48:16.099
That's a very difficult thing, I can say from what I've

00:48:16.099 --> 00:48:20.639
seen at UNT for example is a ton of activity around

00:48:20.639 --> 00:48:26.230
bringing employers to campus, hosting career fairs, a lot

00:48:26.230 --> 00:48:28.039
of engagement.

00:48:28.039 --> 00:48:32.130
But the missing piece in some cases that you're

00:48:32.130 --> 00:48:37.289
highlighting is getting kind of flipping the script at the

00:48:37.289 --> 00:48:43.139
advice, at the advising moment, right, where you're saying,

00:48:43.139 --> 00:48:46.039
and kind of changing it from.

00:48:46.039 --> 00:48:49.760
Are you interested in, what do you want to do to look at

00:48:49.760 --> 00:48:53.619
what might be a really good opportunity and like let's work

00:48:53.619 --> 00:48:57.920
backwards from there, right, I think that's oftentimes what

00:48:57.920 --> 00:49:01.869
's missing so that's an area where we really want to dig in

00:49:01.869 --> 00:49:03.039
as the accelerator,

00:49:03.039 --> 00:49:08.199
we've recently engaged with, it's called MAC 3, and it's

00:49:08.199 --> 00:49:13.289
like the Metroplex area career advising centers, and so it

00:49:13.289 --> 00:49:17.880
's multiple universities and colleges, so we want to help

00:49:17.880 --> 00:49:21.079
them kind of beef up, you know how they do that advising on

00:49:21.079 --> 00:49:23.829
, you know, what type of degree students should be going

00:49:23.829 --> 00:49:26.570
after, based on the opportunities that are out there

00:49:26.570 --> 00:49:29.039
locally, regionally.

00:49:29.039 --> 00:49:32.389
And then, you know, all along the process, how do we, you

00:49:32.389 --> 00:49:35.480
know, how do we get employers engaged early on and give

00:49:35.480 --> 00:49:39.039
them an early look, right, at these talent pipelines.

00:49:39.039 --> 00:49:43.099
So, that's spot on and not, you know, not unique to this

00:49:43.099 --> 00:49:45.039
region, it's an issue.

00:49:45.039 --> 00:49:47.420
And, you know, what I mean with a lot of kids graduating

00:49:47.420 --> 00:49:50.010
high school going, "Hey, what am I going to do?" You know,

00:49:50.010 --> 00:49:52.519
this and that, so to your point, the question I asked him,

00:49:52.519 --> 00:49:54.949
I said go look up what careers have the highest paying jobs

00:49:54.949 --> 00:49:57.460
, and then I say, look at what level education, you know,

00:49:57.460 --> 00:50:00.239
make them go look up and come back and meet with me, and

00:50:00.239 --> 00:50:03.840
then say, okay, you got these careers, PhD degree required,

00:50:03.840 --> 00:50:07.039
or probably a master's degree or bachelor's degree.

00:50:07.039 --> 00:50:09.670
You know, what kind of lifestyle do you, income, do you

00:50:09.670 --> 00:50:12.030
want to live, personally, and I ask them all these

00:50:12.030 --> 00:50:14.809
questions, and then I come back and say, okay, what are you

00:50:14.809 --> 00:50:17.099
, what are you good at, and then make them fill out

00:50:17.099 --> 00:50:20.039
basically a report to me saying these things, right?

00:50:20.039 --> 00:50:22.989
Okay, do you want to be, we need teachers, we have to have

00:50:22.989 --> 00:50:25.949
teachers, we have to have great teachers, but you need to

00:50:25.949 --> 00:50:28.969
understand, don't complain about your pay when you go get a

00:50:28.969 --> 00:50:32.190
four year education as a teacher's degree, you know, you

00:50:32.190 --> 00:50:35.420
understand what you're getting going in, right, or you want

00:50:35.420 --> 00:50:36.039
to be a CEO of a company, what do you need to do?

00:50:36.039 --> 00:50:38.480
Or start your own business. So I think you hit the nail, I

00:50:38.480 --> 00:50:41.440
haven't put those two together until you were just talking

00:50:41.440 --> 00:50:44.519
about that, but that's a perfect way to do it. Instead, oh,

00:50:44.519 --> 00:50:46.539
what do you want to do? Here's your classes to go do that,

00:50:46.539 --> 00:50:47.039
right?

00:50:47.039 --> 00:50:50.949
Here's the income levels, and time, whatever's important to

00:50:50.949 --> 00:50:54.039
you, the time, all that, that's really smart.

00:50:54.039 --> 00:50:57.039
I think, you know, part of what we, so if you're an

00:50:57.039 --> 00:51:00.860
engineer, often have internships, if you're in healthcare,

00:51:00.860 --> 00:51:04.460
we just talk about, if you're teaching, you need to teach,

00:51:04.460 --> 00:51:07.039
but what about all these other fields?

00:51:07.039 --> 00:51:09.460
So how do we get business more involved to have those,

00:51:09.460 --> 00:51:13.039
because you come out with finance, and that's your degree,

00:51:13.039 --> 00:51:16.829
you just want what you can go to, so unless they have

00:51:16.829 --> 00:51:20.039
internships or something, how do they work in the jobs,

00:51:20.039 --> 00:51:20.039
right?

00:51:20.039 --> 00:51:22.670
And that also means we've got to figure out how to engage

00:51:22.670 --> 00:51:25.039
business better with this.

00:51:25.039 --> 00:51:28.949
Well, I mean, this isn't good for the universities, but I'm

00:51:28.949 --> 00:51:32.500
hiring, I'm hiring kids that have used Claude and ChatGBT

00:51:32.500 --> 00:51:35.039
to train themselves on how to use it.

00:51:35.039 --> 00:51:38.949
You know, that you can go in and it'll teach you how to use

00:51:38.949 --> 00:51:43.329
AI, right? And so I just hired a kid a month ago, and I

00:51:43.329 --> 00:51:48.039
think we paid him 80,000 bucks, and no college education,

00:51:48.039 --> 00:51:52.090
but he had used Claude to train him how to use agents and

00:51:52.090 --> 00:51:54.710
how to use these things, and we implemented him in a

00:51:54.710 --> 00:51:57.349
business, because you've got guys my age that know the

00:51:57.349 --> 00:52:01.340
problems, and we know what solution we need, but we don't

00:52:01.340 --> 00:52:04.039
know the steps to get there using AI.

00:52:04.039 --> 00:52:06.969
And this kid, in a month, you know, AI is no good until it

00:52:06.969 --> 00:52:09.909
goes in the workflow, right, in my opinion, until it's

00:52:09.909 --> 00:52:12.920
actually in the workflow. In a month, I'm like, look at

00:52:12.920 --> 00:52:16.090
this kid, I go, man, if you, he could potentially be making

00:52:16.090 --> 00:52:21.329
$150,000 a year in 12 months, because he's saving us that

00:52:21.329 --> 00:52:22.039
much money.

00:52:22.039 --> 00:52:25.949
And no, he doesn't have a college education. He used Claude

00:52:25.949 --> 00:52:29.449
and ChatGBT to teach himself how to do it. It's wild. And

00:52:29.449 --> 00:52:32.969
when I look at what he's doing, and we're actually going to

00:52:32.969 --> 00:52:36.250
hire one for every company and put them all in one think

00:52:36.250 --> 00:52:39.039
tank, so we'll have six.

00:52:39.039 --> 00:52:42.949
And an $80,000 investment is like a drop in the bucket for

00:52:42.949 --> 00:52:46.119
the uplift, for getting out of it. And it was our first one

00:52:46.119 --> 00:52:49.320
, and I'm just, I'm like, I told all the presidents of our

00:52:49.320 --> 00:52:52.400
companies, we need that guy, and we need them all in one

00:52:52.400 --> 00:52:55.039
room, and a bullpen.

00:52:55.039 --> 00:52:58.039
And it's amazing.

00:52:58.039 --> 00:53:01.769
Susanna is not here, but I'll ring the school district's

00:53:01.769 --> 00:53:05.559
bell. We're one of the few districts in the entire state of

00:53:05.559 --> 00:53:09.039
Texas that has speech pathologists on campuses.

00:53:09.039 --> 00:53:12.769
And I don't know that our employers or people we try to

00:53:12.769 --> 00:53:16.969
recruit or things like that understand that, but that's a

00:53:16.969 --> 00:53:21.440
huge opportunity for students who may have a need that they

00:53:21.440 --> 00:53:23.809
have to go pay some private to some of them can't afford to

00:53:23.809 --> 00:53:25.039
pay private.

00:53:25.039 --> 00:53:29.170
Do we know what our different institutions as an economic

00:53:29.170 --> 00:53:33.389
development board so we can sell that product to the people

00:53:33.389 --> 00:53:36.840
we're trying to recruit in here? I think that's an

00:53:36.840 --> 00:53:38.039
important question.

00:53:38.039 --> 00:53:42.900
Yeah, absolutely. I will say that I was told a story that

00:53:42.900 --> 00:53:47.829
we, a couple years ago, we brought together a bunch of site

00:53:47.829 --> 00:53:52.769
selectors. This is when I was with Dallas College, and we

00:53:52.769 --> 00:53:57.670
were really engaged in like building the biotech bioscience

00:53:57.670 --> 00:54:00.039
sector there at Pegasus Park.

00:54:00.039 --> 00:54:02.880
We brought in a bunch of site selectors to kind of show

00:54:02.880 --> 00:54:06.050
them, kind of, you know, just to show and tell. Look at

00:54:06.050 --> 00:54:09.039
this region, look at everything that's going on.

00:54:09.039 --> 00:54:11.869
And one of the site selectors pulled me aside afterwards

00:54:11.869 --> 00:54:15.400
and said, you know, this was amazing. Like, you guys have

00:54:15.400 --> 00:54:19.510
these incredible facilities and labs and institutions like

00:54:19.510 --> 00:54:21.039
all over the place.

00:54:21.039 --> 00:54:26.469
But show me the education, training, workforce development,

00:54:26.469 --> 00:54:31.489
like ecosystem, and how people move through that. Like,

00:54:31.489 --> 00:54:35.219
show me what's available at all these institutions and show

00:54:35.219 --> 00:54:40.039
me how, show me what you're going to do at the K-12 level,

00:54:40.039 --> 00:54:41.760
show me what you're going to do, you know, community

00:54:41.760 --> 00:54:45.039
college, show me what you're going to do for you.

00:54:45.039 --> 00:54:48.510
Show me that. And we have such a large region and so many

00:54:48.510 --> 00:54:51.730
resources that we struggle to map all that out in some kind

00:54:51.730 --> 00:54:54.449
of cohesive way. So that, I think that's a challenge for us

00:54:54.449 --> 00:54:57.340
regionally. That's something we're digging into and trying

00:54:57.340 --> 00:54:58.039
to figure out.

00:54:58.039 --> 00:55:02.969
Is it to have a cohesive kind of resource list or map like

00:55:02.969 --> 00:55:08.469
you're pointing to for economic development purposes, you

00:55:08.469 --> 00:55:13.809
know, beyond just, hey, there's a lot of growth here and a

00:55:13.809 --> 00:55:16.769
lot of great stuff. So that's a challenge for all of us,

00:55:16.769 --> 00:55:17.039
for sure.

00:55:17.039 --> 00:55:20.769
We still have more slides right on the next section or is

00:55:20.769 --> 00:55:21.039
that?

00:55:21.039 --> 00:55:23.039
It's up to you all on the time.

00:55:23.039 --> 00:55:26.039
I don't know.

00:55:26.039 --> 00:55:30.429
We have, I think, two more items, not fours, but it's

00:55:30.429 --> 00:55:32.039
totally up to torture.

00:55:32.039 --> 00:55:35.230
Can I do anything to go briefly? Yeah. Just kind of, it

00:55:35.230 --> 00:55:39.130
looks like a semiconductor piece. I'll just hit that real

00:55:39.130 --> 00:55:40.039
quick.

00:55:40.039 --> 00:55:43.400
So on the emerging side, one of the things that we're

00:55:43.400 --> 00:55:46.940
looking at, maybe this was kind of to that point of kind of

00:55:46.940 --> 00:55:50.469
helping students understand that career map. We're

00:55:50.469 --> 00:55:53.789
beginning to work with an organization called Julius

00:55:53.789 --> 00:55:56.570
Education and we're going to be pretty soon we'll be

00:55:56.570 --> 00:55:59.670
launching these interactive maps to help students kind of

00:55:59.670 --> 00:56:03.179
understand how you move through either, you know, an

00:56:03.179 --> 00:56:06.550
industry like semiconductor manufacturing, how you move

00:56:06.550 --> 00:56:09.039
through it, how you advance, or let's say you want to move

00:56:09.039 --> 00:56:09.039
over to the next step.

00:56:09.039 --> 00:56:11.860
Let's say you want to move over to another part of the

00:56:11.860 --> 00:56:14.909
business and how the skills that you've obtained so far

00:56:14.909 --> 00:56:18.039
kind of help you with the move you're trying to make.

00:56:18.039 --> 00:56:21.039
So you can kind of see your career path.

00:56:21.039 --> 00:56:25.039
So that's coming really soon.

00:56:25.039 --> 00:56:28.949
Related to that is something that we're that we're working

00:56:28.949 --> 00:56:32.769
on is how, you know, our traditional industry sectors are

00:56:32.769 --> 00:56:36.630
being kind of reshaped and kind of reorganized to where it

00:56:36.630 --> 00:56:39.639
's kind of becoming a super sector that involves

00:56:39.639 --> 00:56:43.599
semiconductor manufacturing, energy, you know, with all the

00:56:43.599 --> 00:56:47.039
data centers, all the AI investment, etc.

00:56:47.039 --> 00:56:56.039
But, you know, that's creating some great opportunities.

00:56:56.039 --> 00:56:57.030
But again, we're talking about by advising and trying to

00:56:57.030 --> 00:56:58.039
help students understand where opportunity is.

00:56:58.039 --> 00:57:03.039
I mean, my kids barely know what I do.

00:57:03.039 --> 00:57:07.159
So, you know, it's like all these career opportunities are

00:57:07.159 --> 00:57:10.969
such a mystery. And how do we kind of demystify this and

00:57:10.969 --> 00:57:14.980
help students understand what the opportunity is and how to

00:57:14.980 --> 00:57:20.280
navigate through that. So that's some resources we're going

00:57:20.280 --> 00:57:22.039
to be launching.

00:57:22.039 --> 00:57:25.949
We have a number of partner institutions are continuing to

00:57:25.949 --> 00:57:29.039
expand our network and the intelligence hub.

00:57:29.039 --> 00:57:34.289
So please spread the word. The great thing about joining

00:57:34.289 --> 00:57:36.440
the Texas Talent Accelerator is it doesn't cost you

00:57:36.440 --> 00:57:40.070
anything. You just say yes, I want to be involved on a

00:57:40.070 --> 00:57:41.039
partner.

00:57:41.039 --> 00:57:44.039
So please spread the word.

00:57:44.039 --> 00:57:49.869
I'll give you a preview on October 26th. We're going to be

00:57:49.869 --> 00:57:55.630
having kind of our next quarterly convening, which is also

00:57:55.630 --> 00:57:59.420
kind of an anniversary celebration. We'll have been here at

00:57:59.420 --> 00:58:01.670
that point. We'll have a lot of great discussions, projects

00:58:01.670 --> 00:58:04.039
that will have been completed by the time resources

00:58:04.039 --> 00:58:05.039
available.

00:58:05.039 --> 00:58:08.760
So we excited to share that with you all. That'll be coming

00:58:08.760 --> 00:58:12.579
up in October. So please check out the website. Let me know

00:58:12.579 --> 00:58:25.039
if you have any questions. And thank you.

00:58:25.039 --> 00:58:35.150
Item B, EDP 26-022. You see various staff reports. Sorry,

00:58:35.150 --> 00:58:36.039
we're deported to the Directorate of Corporate Education.

00:58:36.039 --> 00:58:48.150
Good morning. I will present the direct report from Q2 this

00:58:48.150 --> 00:58:49.039
year.

00:58:49.039 --> 00:58:52.360
We had a productive Q2. We were able to celebrate panel

00:58:52.360 --> 00:58:55.610
raise, room and cutting as a reminder of the support for V

00:58:55.610 --> 00:58:59.909
incennes for them. And so they have quickly right-footed

00:58:59.909 --> 00:59:02.670
that building. It's an old warehouse space. And someone

00:59:02.670 --> 00:59:05.039
said that they can actually lick off the floor of that

00:59:05.039 --> 00:59:07.039
warehouse. It was so clean, which is great.

00:59:07.039 --> 00:59:10.409
So very excited how many of their executives from Mexico

00:59:10.409 --> 00:59:13.480
came in to celebrate and they're looking forward to

00:59:13.480 --> 00:59:16.039
investing in the future on other projects.

00:59:16.039 --> 00:59:20.039
We also celebrated the grand opening of Monster Mini Golf.

00:59:20.039 --> 00:59:23.050
This is a recruitment rent from our Main Street program.

00:59:23.050 --> 00:59:26.039
Chris Polito as a reminder, she reached out to this venue

00:59:26.039 --> 00:59:29.349
months ago to come downtown. They couldn't find a site

00:59:29.349 --> 00:59:31.539
downtown, so they ended up picking another location outside

00:59:31.539 --> 00:59:33.039
Golden Triangle Mall.

00:59:33.039 --> 00:59:36.039
But this seems to be a really good fit in the City of Dent

00:59:36.039 --> 00:59:38.039
on, Newark side to have them.

00:59:38.039 --> 00:59:41.849
City Council also approved Corteo Skies incentive proposal.

00:59:41.849 --> 00:59:45.250
It was passed 4-3, but it still went through and we're

00:59:45.250 --> 00:59:48.829
still continuing to work with the company to follow through

00:59:48.829 --> 00:59:49.039
.

00:59:49.039 --> 00:59:52.119
We also celebrated the groundbreaking of Novartis. Thank

00:59:52.119 --> 00:59:55.250
you for everyone that attended the groundbreaking. This

00:59:55.250 --> 00:59:57.650
picture is one of our favorite pictures from the event

00:59:57.650 --> 01:00:00.860
because it shows how many people goes into actually working

01:00:00.860 --> 01:00:04.460
on economic development projects and getting it across the

01:00:04.460 --> 01:00:06.039
mountain.

01:00:06.039 --> 01:00:08.570
And so that doesn't even cover the amount of people that

01:00:08.570 --> 01:00:11.630
had touched the project throughout the process. Emmett

01:00:11.630 --> 01:00:15.349
Smith had a guest feature. I don't know if anyone heard

01:00:15.349 --> 01:00:18.280
about that, but that was a surprise to us. And the

01:00:18.280 --> 01:00:22.039
president of Novartis US operations came down as well.

01:00:22.039 --> 01:00:25.039
So it was quite an event.

01:00:25.039 --> 01:00:28.190
And then we also attended a variety of partner events. We

01:00:28.190 --> 01:00:32.650
spoke at the Pilot Mob Rotary meeting in April. We attended

01:00:32.650 --> 01:00:34.039
the UNT Speaker Series.

01:00:34.039 --> 01:00:37.239
We also attended the Downtown Denton Foundation's Pilot T

01:00:37.239 --> 01:00:40.780
unes event. And we attended the Bistnow Denton County Save

01:00:40.780 --> 01:00:45.039
the Market event. I spoke as a panelist as well as other

01:00:45.039 --> 01:00:48.230
local business representatives like Hillwood spoke on a

01:00:48.230 --> 01:00:49.039
different panel as well.

01:00:49.039 --> 01:00:53.579
And Greg Johnson with SBN. Over 300 people attended that

01:00:53.579 --> 01:00:55.630
event actually and Bistnow said that was one of the most

01:00:55.630 --> 01:00:59.090
successful events of the year. So they were looking forward

01:00:59.090 --> 01:01:01.039
to doing that next year.

01:01:01.039 --> 01:01:03.949
We also led a few events, including the well, we

01:01:03.949 --> 01:01:07.409
participate as a partner for Denton County Community Job

01:01:07.409 --> 01:01:11.750
Fair. We partnered with the Chamber of Commerce, Work for

01:01:11.750 --> 01:01:16.039
Solutions, Google Industries, and Unanimous United Way.

01:01:16.039 --> 01:01:18.750
So that was a successful event. We also hosted an internal

01:01:18.750 --> 01:01:22.170
Small Business Week lunch and learn for our staff and

01:01:22.170 --> 01:01:24.039
development services.

01:01:24.039 --> 01:01:27.760
We hosted a Small Business Week campaign on social media.

01:01:27.760 --> 01:01:30.960
Chris and Matilda were part of to work with our downtown

01:01:30.960 --> 01:01:34.500
business owners to get quotes for motivational quotes for

01:01:34.500 --> 01:01:38.039
other entrepreneurs that we posted on social media.

01:01:38.039 --> 01:01:41.039
So this is a quote from RubyRubyO.

01:01:41.039 --> 01:01:44.949
We also launched a new website opportunitydent.com. This

01:01:44.949 --> 01:01:48.519
hosts all regional and local small business resources for

01:01:48.519 --> 01:01:51.510
entrepreneurs. And so we get a lot of calls from

01:01:51.510 --> 01:01:55.039
entrepreneurs that they just want access to resources.

01:01:55.039 --> 01:01:58.769
And so we can call them onto one website. And if you have

01:01:58.769 --> 01:02:01.389
anyone that needs help, feel free to direct them to that

01:02:01.389 --> 01:02:04.489
website. We're looking at updating that on a quarterly

01:02:04.489 --> 01:02:05.039
basis.

01:02:05.039 --> 01:02:09.920
We also hosted an airport business roundtable. This was in

01:02:09.920 --> 01:02:14.429
partnership with the airport director Ryan Adams just to

01:02:14.429 --> 01:02:17.400
get the local airport businesses out and to learn more

01:02:17.400 --> 01:02:20.039
about their opportunities and challenges.

01:02:20.039 --> 01:02:23.039
So it was a productive event.

01:02:23.039 --> 01:02:27.429
We also attended a variety of trainings and workshops,

01:02:27.429 --> 01:02:32.130
including the Cat Consortium meeting. That is a quarterly

01:02:32.130 --> 01:02:35.460
meeting with UAS professionals. This was led by the Orphan

01:02:35.460 --> 01:02:36.039
's Christy Loan Store Center.

01:02:36.039 --> 01:02:38.889
The Loan Store Center is one of seven FA test sites in the

01:02:38.889 --> 01:02:42.159
nation and their opening is not location support work. So

01:02:42.159 --> 01:02:44.039
this is part of their initiative.

01:02:44.039 --> 01:02:48.119
We also attended the EarthX eCapital Summit in Stokes Flint

01:02:48.119 --> 01:02:52.530
Pond. We will attend multiple webinars, including the Urban

01:02:52.530 --> 01:02:56.039
Institute's Getting Started on Upwork Mobility.

01:02:56.039 --> 01:02:59.190
And we attended two trade shows, which we'll elaborate on

01:02:59.190 --> 01:03:04.159
in a second. Let's see, actually three trade shows this

01:03:04.159 --> 01:03:05.039
quarter.

01:03:05.039 --> 01:03:09.719
For Q2 recruitment stats, we have 31 active projects in the

01:03:09.719 --> 01:03:14.099
pipeline. We had 14 new leads and they came from various

01:03:14.099 --> 01:03:17.829
sources. We had one incentive proposal that we developed

01:03:17.829 --> 01:03:19.039
that we sent over.

01:03:19.039 --> 01:03:21.329
Sometimes companies, they don't actually submit

01:03:21.329 --> 01:03:24.739
applications. They're just asking to see what a proposal

01:03:24.739 --> 01:03:29.039
would look like. And so we sent one over to a lead.

01:03:29.039 --> 01:03:32.119
And then we had two recruitment visits, six leads that were

01:03:32.119 --> 01:03:35.130
reclassified. We moved five to cold, the one that would

01:03:35.130 --> 01:03:38.150
transfer to business support. We had 210 recruitment

01:03:38.150 --> 01:03:39.039
outreach attempts.

01:03:39.039 --> 01:03:42.949
That is an initiative from Clay Parker, who is a specialist

01:03:42.949 --> 01:03:45.940
. He's developed an eBLAST system on Outlook. And so that's

01:03:45.940 --> 01:03:49.039
why you see so many companies on that list.

01:03:49.039 --> 01:03:53.769
This is a new reporting metric that will be included. So we

01:03:53.769 --> 01:03:58.389
attended the Exponential Trade Show, which is a UAS trade

01:03:58.389 --> 01:04:02.099
show, and then Automate, which is an advanced manufacturing

01:04:02.099 --> 01:04:04.039
event and Bio International Convention.

01:04:04.039 --> 01:04:09.360
So part of Clay's duties is recruitment. And so he's going

01:04:09.360 --> 01:04:13.719
to present kind of a follow up on the events that he

01:04:13.719 --> 01:04:15.039
attended.

01:04:15.039 --> 01:04:19.420
So like Rene said, we went to three trade shows basically

01:04:19.420 --> 01:04:23.309
in the period of about three months in total. And we have

01:04:23.309 --> 01:04:26.039
one last being one left. It's IMTS in Chicago.

01:04:26.039 --> 01:04:28.750
This in particular, since I've been here, is kind of the

01:04:28.750 --> 01:04:31.460
first year that we've done a full-fledged attempt at some

01:04:31.460 --> 01:04:35.420
of these large trade shows. In particular, we did exhibit

01:04:35.420 --> 01:04:39.039
at both Exponential and Automate.

01:04:39.039 --> 01:04:42.139
Bio was a joint effort with the Dallas Regional Chamber at

01:04:42.139 --> 01:04:45.719
their own booth recruiting life sciences to DFW. So we were

01:04:45.719 --> 01:04:49.159
there with some other cities. We were there with a

01:04:49.159 --> 01:04:52.099
representative from Dallas, a representative from DFW

01:04:52.099 --> 01:04:54.929
International Airport, all doing that joint recruitment of

01:04:54.929 --> 01:04:56.039
life sciences to the region.

01:04:56.039 --> 01:04:59.559
And then the other two were just booths for the city of

01:04:59.559 --> 01:05:02.880
Denton in general. So it was a great time. Again, Expon

01:05:02.880 --> 01:05:05.739
ential is on the UAS side of things, learned a ton about

01:05:05.739 --> 01:05:07.039
drones and that mobility world.

01:05:07.039 --> 01:05:10.030
In particular, we got to go to Michigan Central, which is

01:05:10.030 --> 01:05:13.090
the complete revamped, used to be the central station back

01:05:13.090 --> 01:05:16.239
in the olden days where Amtrak was coming in and out. Now

01:05:16.239 --> 01:05:19.329
it's a 30 acre innovation district with some solid

01:05:19.329 --> 01:05:22.039
investment by Ford that made that possible.

01:05:22.039 --> 01:05:24.769
So it was a really good picture of kind of seeing that

01:05:24.769 --> 01:05:28.179
smart technology startup type stuff. Jill, do you have a

01:05:28.179 --> 01:05:29.039
question?

01:05:29.039 --> 01:05:32.360
Just a quick question. Both have mentioned UAS and I don't

01:05:32.360 --> 01:05:34.039
know what that stands for. What is that?

01:05:34.039 --> 01:05:37.389
It's unmanned aerial systems, I'm going to say is that full

01:05:37.389 --> 01:05:40.079
thing. One of those words might be a little different, but

01:05:40.079 --> 01:05:42.280
it's drones and that type of robotics and everything in

01:05:42.280 --> 01:05:43.039
that world.

01:05:43.039 --> 01:05:46.409
So Exponential was a great place to go for that. I was out

01:05:46.409 --> 01:05:49.000
in Detroit, had a bunch of people in that industry that was

01:05:49.000 --> 01:05:51.519
super great to learn from as we started expanding in that

01:05:51.519 --> 01:05:54.630
world, as the airport started making initiatives in that

01:05:54.630 --> 01:05:55.039
regard.

01:05:55.039 --> 01:05:56.889
So again, learning from those people and some local

01:05:56.889 --> 01:05:59.610
partners was really great. Automation is on the advanced

01:05:59.610 --> 01:06:02.760
manufacturing side of things in that robotics world as well

01:06:02.760 --> 01:06:03.039
.

01:06:03.039 --> 01:06:05.670
Brittany Matilda, our representatives in our booth there,

01:06:05.670 --> 01:06:09.329
had a great time in Chicago. And then I personally attended

01:06:09.329 --> 01:06:12.039
Bio with DRCT and with Team Texas.

01:06:12.039 --> 01:06:16.309
All in all, our 633 new contacts for us, which is really

01:06:16.309 --> 01:06:19.659
great. In particular, Bio, because it was a lot of people

01:06:19.659 --> 01:06:22.510
splitting those costs, we were able to get lead retrieval

01:06:22.510 --> 01:06:24.039
package at these trade shows.

01:06:24.039 --> 01:06:27.409
It just makes it a billion percent easier to scan somebody

01:06:27.409 --> 01:06:31.340
's badge, immediately have their name, title, email, company

01:06:31.340 --> 01:06:34.300
, everything you need. So that made things a little bit

01:06:34.300 --> 01:06:36.039
easier to get a wider net, if you will.

01:06:36.039 --> 01:06:39.039
But in general, it was kind of a similar walk away for most

01:06:39.039 --> 01:06:42.039
of the trade shows for what we would consider leads.

01:06:42.039 --> 01:06:45.210
Companies that were either mentioning, hey, this year we're

01:06:45.210 --> 01:06:48.659
considering doing an expansion or we're considering reloc

01:06:48.659 --> 01:06:52.039
ating X thing in Texas to a new place in Texas.

01:06:52.039 --> 01:06:55.050
So walking away from that, we got just a 30 total leads

01:06:55.050 --> 01:06:58.150
from that, which is really great to have something that far

01:06:58.150 --> 01:07:01.099
in that stage where you know you're not sending something

01:07:01.099 --> 01:07:03.989
to somebody's inbox who's going to throw in spam or throw

01:07:03.989 --> 01:07:05.039
in the trash.

01:07:05.039 --> 01:07:08.650
So better leads in that regard. We're currently following

01:07:08.650 --> 01:07:12.079
up on those projects, hoping that those transition and go

01:07:12.079 --> 01:07:14.039
farther down end up in itself.

01:07:14.039 --> 01:07:16.929
Again, that really helps us skip through cold outreach and

01:07:16.929 --> 01:07:19.750
not really knowing who's interested in who's not and being

01:07:19.750 --> 01:07:22.199
able to get face to face, not only with some of these

01:07:22.199 --> 01:07:24.869
companies who are looking to change their location and

01:07:24.869 --> 01:07:29.239
looking to expand, but also other cities, other states who

01:07:29.239 --> 01:07:32.250
have had their own success stories, their own programs they

01:07:32.250 --> 01:07:34.699
've implemented to be able to see what it does might be

01:07:34.699 --> 01:07:36.039
transferred to debt in itself.

01:07:36.039 --> 01:07:39.469
So that was three out of four, and then one last trade show

01:07:39.469 --> 01:07:43.239
, an international manufacturing technology series will be

01:07:43.239 --> 01:07:48.039
in September in Chicago. That'll be our last one.

01:07:48.039 --> 01:07:53.039
Thank you.

01:07:53.039 --> 01:07:58.360
For RFI stats, we received 26 from the Dallas Reno Chamber

01:07:58.360 --> 01:08:03.179
and the state was submitted on eight minutes, and then on

01:08:03.179 --> 01:08:06.940
17 we converted to leads. That's from RFI to lead. As a

01:08:06.940 --> 01:08:08.780
reminder, whenever we submit our proposals for RFIs, it

01:08:08.780 --> 01:08:10.039
doesn't mean that we're finalists in the site.

01:08:10.039 --> 01:08:12.679
It just means that the company has to select their top

01:08:12.679 --> 01:08:15.710
three sites and until they schedule a meeting, that's when

01:08:15.710 --> 01:08:17.039
we consider it a lead.

01:08:17.039 --> 01:08:21.090
Out of the ones that we submitted, the potential capital

01:08:21.090 --> 01:08:25.829
investment is 384 million and a little over 3000 of

01:08:25.829 --> 01:08:27.039
potential jobs.

01:08:27.039 --> 01:08:31.829
Our Q2 downtown stats, we had six BRE visits, two leads

01:08:31.829 --> 01:08:35.310
that were lost, and then we didn't have any downtown grant

01:08:35.310 --> 01:08:38.630
leads, mostly because the TURS1 board increased the budget

01:08:38.630 --> 01:08:41.039
to 300,000 to cover the remaining grant.

01:08:41.039 --> 01:08:45.029
So what happened is we budget $200,000 out of our TURS

01:08:45.029 --> 01:08:49.039
downtown reinvestment grant for those grants. I'm sorry.

01:08:49.039 --> 01:08:51.909
And so, Chris has done a good job advertising that grant

01:08:51.909 --> 01:08:54.739
program that we hit the max capacity. And so we're

01:08:54.739 --> 01:08:58.310
currently holding off until we update the downtown reinvest

01:08:58.310 --> 01:09:01.359
ment policy to make it more competitive and lessen the

01:09:01.359 --> 01:09:02.039
administrative burden.

01:09:02.039 --> 01:09:05.970
And so that will come back in the fall timeframe, early top

01:09:05.970 --> 01:09:09.739
frame, to the TURS board and that will ask for probably a

01:09:09.739 --> 01:09:12.039
higher budget at that point.

01:09:12.039 --> 01:09:19.039
And then we had 16 recruitment outreach attempts.

01:09:19.039 --> 01:09:22.510
Main Street update, Chris had to leave early for another

01:09:22.510 --> 01:09:26.159
meeting, unfortunately, but she did manage to get us re-acc

01:09:26.159 --> 01:09:27.039
redited.

01:09:27.039 --> 01:09:30.199
Every year we have to maintain standards to maintain our

01:09:30.199 --> 01:09:33.939
Main Street accreditation. And so that's an excellent

01:09:33.939 --> 01:09:37.039
achievement that we want to celebrate.

01:09:37.039 --> 01:09:40.510
Give us a hug. She also attended the Texas Main Street

01:09:40.510 --> 01:09:44.050
retreat as part of the ongoing contract that we manage with

01:09:44.050 --> 01:09:47.460
the state historical commission is that she does have to

01:09:47.460 --> 01:09:49.039
attend this conference.

01:09:49.039 --> 01:09:52.770
And then we're onboarding a new Main Street board. City

01:09:52.770 --> 01:09:56.090
Council approved a new Main Street advisor board a few

01:09:56.090 --> 01:10:00.000
weeks ago. The board will focus primarily on historic

01:10:00.000 --> 01:10:04.149
preservation and providing feedback for any type of

01:10:04.149 --> 01:10:06.039
downtown programming that we may need.

01:10:06.039 --> 01:10:09.510
And so we're excited about that. And then it's also a

01:10:09.510 --> 01:10:12.939
requirement to maintain the Main Street accreditation

01:10:12.939 --> 01:10:16.039
through the contract we manage with the state.

01:10:16.039 --> 01:10:19.770
Susan and our marketing team and parks and recreation team

01:10:19.770 --> 01:10:23.220
are a working part on the Home Weed initiatives. So I

01:10:23.220 --> 01:10:26.270
wanted her to talk about, maybe she comes back early, she

01:10:26.270 --> 01:10:29.270
can talk about all the updates that she has, but there's a

01:10:29.270 --> 01:10:31.039
lot of progress being made.

01:10:31.039 --> 01:10:34.989
I think there's a potential article coming out in the local

01:10:34.989 --> 01:10:36.039
newspaper.

01:10:36.039 --> 01:10:40.779
So all the businesses that started out of the quarter there

01:10:40.779 --> 01:10:45.699
was three business closures. There were seven jobs gained

01:10:45.699 --> 01:10:48.039
44 and jobs lost 24.

01:10:48.039 --> 01:10:50.850
Music and film, Matilda handles all of our film permit and

01:10:50.850 --> 01:10:57.039
music initiatives. I'll show you doing this update.

01:10:57.039 --> 01:11:01.479
For film, we issued three film permits in quarter two. One

01:11:01.479 --> 01:11:05.520
was a commercial, one was a TV show, which then after we

01:11:05.520 --> 01:11:09.649
permitted, it got canceled. And then one was for a movie

01:11:09.649 --> 01:11:12.039
they filmed in the municipal court.

01:11:12.039 --> 01:11:22.130
And we heard very good feedback from them. They want to

01:11:22.130 --> 01:11:28.039
come back. So that was nice. We also hosted a meeting.

01:11:28.039 --> 01:11:28.039
Brittany and I met with about 15 film professionals to

01:11:28.039 --> 01:11:28.039
learn kind of about what they do, hear feedback, things

01:11:28.039 --> 01:11:28.039
like that.

01:11:28.039 --> 01:11:31.770
I've included this if you want to be a movie star and

01:11:31.770 --> 01:11:35.439
include your house or any property that you own in the

01:11:35.439 --> 01:11:39.630
database, please scan that QR code. It helps us build up

01:11:39.630 --> 01:11:42.039
locations for people to use.

01:11:42.039 --> 01:11:46.520
And then for music, Tom Zachary on Price Street received a

01:11:46.520 --> 01:11:51.010
grant from the Live Music Society for their music in action

01:11:51.010 --> 01:11:55.489
series. So they had to submit a project proposal and they

01:11:55.489 --> 01:12:00.039
're doing a residency program to spotlight them artists.

01:12:00.039 --> 01:12:08.039
So that's very exciting for them. That's all I have for Q2.

01:12:08.039 --> 01:12:11.609
And we have great news. We have a new team member, Kelly Ru

01:12:11.609 --> 01:12:14.760
iz. She is our new economic development manager. Can I say

01:12:14.760 --> 01:12:16.039
that Kelly?

01:12:16.039 --> 01:12:20.229
So Kelly is actually originally from Utah where she worked

01:12:20.229 --> 01:12:24.520
for the Salt Lake City Corporation. It's their equivalent

01:12:24.520 --> 01:12:27.039
of economic development corporation.

01:12:27.039 --> 01:12:29.590
And so she moved to Ditten a few years ago and she's been

01:12:29.590 --> 01:12:31.970
working in the capital projects department as an

01:12:31.970 --> 01:12:34.850
administrative manager. And so she will be helping us with

01:12:34.850 --> 01:12:37.689
day to day operations and ensuring that we're meeting all

01:12:37.689 --> 01:12:39.039
of our deadlines.

01:12:39.039 --> 01:12:41.460
We're very excited to have her because there's a lot of

01:12:41.460 --> 01:12:43.770
programs that we have in the back burner that she's going

01:12:43.770 --> 01:12:49.289
to help us bring to life. But very excited to have some

01:12:49.289 --> 01:12:50.039
help.

01:12:50.039 --> 01:13:00.050
Upcoming events. We have an upcoming business workshop

01:13:00.050 --> 01:13:02.550
focused on AI. Anyone who's interested in attending, please

01:13:02.550 --> 01:13:04.579
let us know. We'll send you the registration link. That's

01:13:04.579 --> 01:13:06.039
on July 30th.

01:13:06.039 --> 01:13:10.050
It's a two part series. The second part is September 3rd.

01:13:10.050 --> 01:13:13.140
As I mentioned earlier, we will be attending IMTS in

01:13:13.140 --> 01:13:14.039
September.

01:13:14.039 --> 01:13:16.119
And then one thing that's not mentioned on here is the

01:13:16.119 --> 01:13:18.479
Dallas Business Journal Growth Summit that will be held in

01:13:18.479 --> 01:13:20.039
August in partnership with UNT.

01:13:20.039 --> 01:13:23.550
And so I believe they're finalizing their last panel right

01:13:23.550 --> 01:13:27.050
now. But Amy Massette on our board, she'll be a panelist.

01:13:27.050 --> 01:13:30.039
And so will Dr. Harrison Keller. So excited about that.

01:13:30.039 --> 01:13:34.039
And I believe Brian Danel may be serving as panelists too.

01:13:34.039 --> 01:13:40.039
So that's exciting. And that is it. Any questions?

01:13:40.039 --> 01:13:48.039
I'm going to turn this over to Greg.

01:13:48.039 --> 01:13:50.460
Sorry. Greg and I had a conversation, I guess, in the last

01:13:50.460 --> 01:13:53.390
meeting. There were questions about receiving additional

01:13:53.390 --> 01:13:59.220
information from the reporting database. So on her director

01:13:59.220 --> 01:14:01.720
's report, we're going to put together a survey distributed

01:14:01.720 --> 01:14:04.039
to the board to see how reporting can be enhanced.

01:14:04.039 --> 01:14:08.119
And then we'll also put together a survey to see if the

01:14:08.119 --> 01:14:12.340
board is getting any additional information. Is the board

01:14:12.340 --> 01:14:13.720
needing to receive what additional information can be

01:14:13.720 --> 01:14:15.159
enhanced on the report to make sure you're getting all the

01:14:15.159 --> 01:14:16.039
information you'd like to see.

01:14:16.039 --> 01:14:24.039
All right. So we can now move to completely guys.

01:14:24.039 --> 01:14:30.539
Suggestions on what they would like us in the future

01:14:30.539 --> 01:14:35.039
meeting to add to future agenda.

01:14:35.039 --> 01:14:38.760
Parking minimums or doing away with parking minimums is

01:14:38.760 --> 01:14:42.319
something that we've had some speakers at City Council talk

01:14:42.319 --> 01:14:43.039
about.

01:14:43.039 --> 01:14:48.750
I think there are different lenses that you can look at as

01:14:48.750 --> 01:14:54.710
far as making that decision. But I wondered if maybe this

01:14:54.710 --> 01:14:56.039
board would

01:14:56.039 --> 01:14:59.119
the effect on if any on economic development might be

01:14:59.119 --> 01:15:02.619
something that we need to look into or not. And again, I

01:15:02.619 --> 01:15:05.149
might be off the reservation, but I just kind of wanted to

01:15:05.149 --> 01:15:10.039
put that out there because that is a part of what we do.

01:15:10.039 --> 01:15:14.039
Thank you for that. We can definitely look into it and see

01:15:14.039 --> 01:15:14.039
if you want to bring back the next board meeting.

01:15:14.039 --> 01:15:16.720
Yeah, I'd love to have that on the agenda because I think

01:15:16.720 --> 01:15:21.109
it is an economic, there's pros and cons. You know, just I

01:15:21.109 --> 01:15:25.069
like to bounce some ideas around just to hear what people's

01:15:25.069 --> 01:15:27.039
thoughts are on it.

01:15:27.039 --> 01:15:29.460
There could be some things that we've done a lot of

01:15:29.460 --> 01:15:33.029
developments downtown and outside of downtown. There's pros

01:15:33.029 --> 01:15:37.039
and cons, but I'd love to hear this group's thoughts on

01:15:37.039 --> 01:15:37.039
those.

01:15:37.039 --> 01:15:42.960
We just completed a citywide parking study that has

01:15:42.960 --> 01:15:48.159
recommendations for removing for some parking minimums. So

01:15:48.159 --> 01:15:52.779
that presentation is coming to Council August 4th, but we

01:15:52.779 --> 01:15:56.630
can certainly have the parking minimum discussion presented

01:15:56.630 --> 01:15:59.369
to this board and any other information you want about the

01:15:59.369 --> 01:16:01.039
parking minimums.

01:16:01.039 --> 01:16:04.539
But it comes, our staff are recommending some kind of phase

01:16:04.539 --> 01:16:07.960
approaches to those recommendations. We can't do all of

01:16:07.960 --> 01:16:11.010
them in the first year, but we're happy to present that

01:16:11.010 --> 01:16:12.039
information.

01:16:12.039 --> 01:16:14.810
We're going to, Scott's giving me the eye on pulling it

01:16:14.810 --> 01:16:17.850
back to the on topic. So if you want to pull up your

01:16:17.850 --> 01:16:20.039
exhibit for future agenda items.

01:16:20.039 --> 01:16:23.350
That's a little bit. We're being asked. I'm sorry. Yeah. No

01:16:23.350 --> 01:16:26.470
, I can't see brought it back. Okay. Before we got into what

01:16:26.470 --> 01:16:29.310
status and working on. I think I just want to make sure we

01:16:29.310 --> 01:16:32.039
're talking about future agenda items. Yeah.

01:16:32.039 --> 01:16:45.229
I'm not sure that it remains to whether to discuss it as a

01:16:45.229 --> 01:16:51.039
future agenda topic.

01:16:51.039 --> 01:17:06.449
Or would they quit. But if there's any considerations for

01:17:06.449 --> 01:17:08.039
economic development, then we may have a slider to.

01:17:08.039 --> 01:17:15.300
I don't know if you want us to go through the full

01:17:15.300 --> 01:17:24.340
presentation, or we can just send it to y'all have the data

01:17:24.340 --> 01:17:25.039
.

01:17:25.039 --> 01:17:29.109
Sorry, I went to tell you out there. I thought that that I

01:17:29.109 --> 01:17:33.130
just wanted to mention it just so that you can have it. So

01:17:33.130 --> 01:17:37.949
go back to item B, ADP 26022, the economic trends report

01:17:37.949 --> 01:17:39.039
for Rotunda.

01:17:39.039 --> 01:17:55.039
We can send it to the meetings running a little bit long.

01:17:55.039 --> 01:18:10.039
I'm the last thing for you today.

01:18:10.039 --> 01:18:25.039
First we have our residential permit values. They were up

01:18:25.039 --> 01:18:25.039
from last year. I have this quarter Q1 of 2026 comparison

01:18:25.039 --> 01:18:25.039
to Q1 of 2025 and then the year to date. So I have in my

01:18:25.039 --> 01:18:25.039
notes.

01:18:25.039 --> 01:18:33.289
Due to new build homes coming online. Next commercial

01:18:33.289 --> 01:18:40.590
permit values again were up from last year. There were two

01:18:40.590 --> 01:18:42.649
big projects that I think are kind of alleviating that

01:18:42.649 --> 01:18:44.840
higher number one with a big shell building and then one

01:18:44.840 --> 01:18:47.039
with a large retail remodel.

01:18:47.039 --> 01:18:50.770
And then I was asked to remind you guys that the permit

01:18:50.770 --> 01:18:55.140
value is based on job value assigned during permitting. So

01:18:55.140 --> 01:18:57.630
the number at the end of the project, probably be higher

01:18:57.630 --> 01:19:01.329
but could be lower as well. So it's not always the same at

01:19:01.329 --> 01:19:03.039
the end of the project.

01:19:03.039 --> 01:19:07.069
Sales tax collection up a little bit from last year, but

01:19:07.069 --> 01:19:13.039
actually really close. And then the year to date number.

01:19:13.039 --> 01:19:18.960
Employment rate Q1 of 2026 average about 4%, a little bit

01:19:18.960 --> 01:19:24.039
lower than state and nationwide. So that looks good for us.

01:19:24.039 --> 01:19:28.729
And then as a reminder, October 2025 the Bureau of Labor

01:19:28.729 --> 01:19:35.630
Statistics did not publish any data. So that accounts for

01:19:35.630 --> 01:19:37.039
that drop.

01:19:37.039 --> 01:19:43.789
So living index. This is done in comparison to other Texas

01:19:43.789 --> 01:19:48.060
cities. Again, for Q1 only the lowest cost of living was

01:19:48.060 --> 01:19:52.779
harlingen as always. And then the highest Plano everybody

01:19:52.779 --> 01:19:56.039
else is below 100, which is the index.

01:19:56.039 --> 01:20:10.310
So that's 500 equals average. And we are below average for

01:20:10.310 --> 01:20:10.819
most of the categories. And then I have a comparison here

01:20:10.819 --> 01:20:11.310
for this time last year, and then the average annual for

01:20:11.310 --> 01:20:12.039
last year. So our numbers are down from last year.

01:20:12.039 --> 01:20:14.039
So our cost of living.

01:20:14.039 --> 01:20:17.949
Well, it might seem like it's going up, it's going down

01:20:17.949 --> 01:20:19.039
from last year.

01:20:19.039 --> 01:20:23.640
And then in comparison to the rest of the US. I don't know

01:20:23.640 --> 01:20:26.640
how much you guys remember from my past presentations, but

01:20:26.640 --> 01:20:29.460
usually to cater a little away is a cheaper place to live

01:20:29.460 --> 01:20:30.039
in the US.

01:20:30.039 --> 01:20:36.489
But now Mississippi beat them at a 79.3 index and then

01:20:36.489 --> 01:20:42.449
Manhattan remains the highest place cost of living in the

01:20:42.449 --> 01:20:49.039
US. And I love to point out how expensive their housing is.

01:20:49.039 --> 01:20:49.770
Just to alleviate any heartache people might have about

01:20:49.770 --> 01:20:50.039
living in Texas.

01:20:50.039 --> 01:21:00.329
And then I have our comparisons for that transition. And

01:21:00.329 --> 01:21:04.710
then this kind of reflects that as well our median home

01:21:04.710 --> 01:21:08.039
price went down compared to other years.

01:21:08.039 --> 01:21:12.039
Now I have commercial real estate, industrial.

01:21:12.039 --> 01:21:23.640
What can you do? All right. This is down a little bit from

01:21:23.640 --> 01:21:24.560
the same last year, and we have about 4.2 billion square

01:21:24.560 --> 01:21:25.039
feet available.

01:21:25.039 --> 01:21:33.039
Now retail again down 3.5. They could see right.

01:21:33.039 --> 01:21:37.850
And then downtown I forgot to put my comparison for

01:21:37.850 --> 01:21:43.560
downtown, but I wanted to call this out. We have a 4.8% vac

01:21:43.560 --> 01:21:46.039
ancy rate and last year was 8.2.

01:21:46.039 --> 01:21:49.500
Brittany mentioned this yesterday in her work session

01:21:49.500 --> 01:21:52.460
report to council but a lot of that is thanks to the

01:21:52.460 --> 01:21:56.079
efforts of the Main Street program and recruitment things

01:21:56.079 --> 01:21:57.039
like that.

01:21:57.039 --> 01:22:01.039
Making sure those vacancies get filled.

01:22:01.039 --> 01:22:04.569
I'm finished. Thank you for your time and letting me speak

01:22:04.569 --> 01:22:06.039
for that. Any questions?

01:22:06.039 --> 01:22:11.039
Oh, it's very interesting. Thank you.

01:22:11.039 --> 01:22:19.130
Go back to the items and so we'll go to I think we're done

01:22:19.130 --> 01:22:20.039
with future.

01:22:20.039 --> 01:22:24.239
Anybody else have any other requests at some point low

01:22:24.239 --> 01:22:28.699
priority, but I would like to hear more about the state of

01:22:28.699 --> 01:22:32.039
our healthcare industry here in the city.

01:22:32.039 --> 01:22:36.140
Since we're hearing so much about that job creation, I'd

01:22:36.140 --> 01:22:40.130
like to know what we've got and what maybe we could do to

01:22:40.130 --> 01:22:43.039
move that up on our target list as well.

01:22:43.039 --> 01:22:50.090
So we'll get those two items in consideration for future

01:22:50.090 --> 01:22:51.039
agenda.

01:22:51.039 --> 01:22:54.949
And then our next EEP meeting will be scheduled for

01:22:54.949 --> 01:22:59.039
Wednesday, August 12th at 11 o'clock.

01:22:59.039 --> 01:23:02.949
So make sure we're letting staff know on our attendance so

01:23:02.949 --> 01:23:07.039
that we can make sure we have a full-time form.

01:23:07.039 --> 01:23:10.039
There's no other business and we'll adjourn at 1120.

01:23:10.039 --> 01:23:13.510
I just wanted to say that one item that was not on the

01:23:13.510 --> 01:23:18.130
report, the term report, but we did attend an event where

01:23:18.130 --> 01:23:21.270
Brittany was recognized as one of the 40 under 40 from the

01:23:21.270 --> 01:23:26.909
Dallas Business Journal along with Ruth Piper from Health

01:23:26.909 --> 01:23:29.039
and Health.

01:23:29.039 --> 01:23:32.289
And then Carrie, do you want to maybe speak to one of our

01:23:32.289 --> 01:23:36.039
former Economic Development Board members?

01:23:36.039 --> 01:23:39.329
John Vane has passed away and there's a celebration this

01:23:39.329 --> 01:23:40.039
weekend.

01:23:40.039 --> 01:23:46.350
Yes, John Vane's past chairman of this organization passed

01:23:46.350 --> 01:23:48.039
away Monday.

01:23:48.039 --> 01:23:52.039
John lost his fight with Cross-Raid Council.

01:23:52.039 --> 01:23:57.039
He had been dealing with approximately about 15 years.

01:23:57.039 --> 01:24:00.699
John was one of the founding members of the Black Chamber

01:24:00.699 --> 01:24:07.539
of Commerce, instrumental with the Blues Festival, Young

01:24:07.539 --> 01:24:11.039
Minority Entrepreneurial Institute.

01:24:11.039 --> 01:24:18.130
John's going to be very much missed with the community and

01:24:18.130 --> 01:24:22.039
of course with our Chamber of Commerce.

01:24:22.039 --> 01:24:30.130
John was appointed to this board back about eight years ago

01:24:30.130 --> 01:24:33.039
and moved up to be chairman of this board.

01:24:33.039 --> 01:24:35.039
We're going to miss John.

01:24:35.039 --> 01:24:38.039
The event is going to be a memorial at the Civic Center.

01:24:38.039 --> 01:24:40.039
I believe it's 10, 1030.

01:24:40.039 --> 01:24:41.039
Don't hold me at that.

01:24:41.039 --> 01:24:46.039
I think they're having a family hour, about 930.

01:24:46.039 --> 01:24:49.520
I don't know if anything in lieu of flowers they're asking

01:24:49.520 --> 01:24:50.039
for.

01:24:50.039 --> 01:24:54.039
But if anything, I'll let you guys know.

01:24:54.039 --> 01:24:59.180
I'll reach out to Brittany or Christina to spread in the

01:24:59.180 --> 01:25:00.039
news.

01:25:00.039 --> 01:25:04.039
You guys keep John and his family in prayer and his wife,

01:25:04.039 --> 01:25:07.039
two children and many friends and relatives.

01:25:07.039 --> 01:25:10.039
He will be missed.

01:25:10.039 --> 01:25:17.039
Certainly someone that's given a lot to the community.

01:25:17.039 --> 01:25:20.539
Thank you, Jared. Level 29. Thank you.