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20-1634ORDINANCE NO.20-1634 AN ORDINANCE APPROVngG AN AGREEMENT BETWEEN THE CITY OF DENTON AND THE DENTON CHAMBER OF COMMERCE REGARDING AN ECONOMIC DEVELOPMENT PROGRAM; AND PROVDING AN EFFECTIVE DATE. WHEREAS, the City Council of the City of Denton (“City”) deems it is in the public interest and serves a municipal and public purpose to enter into an agreement with the Denton Chamber of Commerce (“Chamber”) for the purpose of providing for a program to promote economic development through the joint effort of the City and Chamber; and WHEREAS, both the City and the Chamber’s program to promote economic development supports the City’s economic development strategic initiatives; and WHEREAS, the City and Chamber have developed a work plan for the Chamber Office of Economic Development that aligns with the City’s economic development strategies and goals for Fiscal Year 2020-21; NOW, THEREFORE; THE COUNCIL OF THE CITY OF DENTON HEREBY ORDAHqS: SECTION 1. City Council finds that the Economic Development Program Agreement between the City and the Chamber attached hereto and made a part hereof by reference (the “Agreement”) serves a valid municipal and public purpose and is in the public interest. SECTION 2. The Agreement is hereby approved. The Mayor, or in his absence, the Mayor Pro Tem, is hereby authorized to execute the Agreement on behalf of the City of Denton. The City Manager is hereby authorized to carry out the City’s rights and duties under the Agreement including authorization for the expenditure of funds provided for in the Agreement. SECTION 3. This Ordinance shall become effective upon its passage and approval. S e C O n d eHy rq:tHe? Ie Tr dTn:i = : : : P a S S e j IL==:1:i:IIe da : : the following vote [L - a : Aye \/ V‘7 jr ./’ ,/ Nay Abstain Absent Mayor Chris Watts: Gerard Hudspeth, District 1 : Keely G. Briggs, District 2: Jesse L. Davis, District 3 : John Ryan, District 4: Deb Armintor, At Large Place 5 : Paul Meltzer, At Large Place 6: PASSED AND APPROVED thi, th, 1 5th day of SeQ tUba , 2020. bmHf®xiq<–GToa ATTEST: ROSA RIOS, CITY SECRETARY au/,127BY: x APPROVED AS TO LEGAL FORM: AARON LEAL, CITY ATTORNEY a-'/c f ,=y_.gBY: ECONOMIC DEVELOPMENT PROGRAM AGREEMENT BETWEEN THE CITY OF DENTON AND THE DENTON CHAMBER OF COMMERCE This Economic Development Program Agreement (this “Agreement”) is made between the City of Denton, Texas, (“City”) and the Denton Chamber of Commerce (“Chamber”) for the purpose of providing for a program to promote economic development through the joint efforts of the parties hereto, who in consideration of the mutual promises, agree as follows: A. Chamber Office of Economic Development (“Office“). During the term of this Agreement, the Chamber shall maintain an Office of Economic Development managed by the Vice President of Economic Development, who shall perform the duties of the office. B. Support Services. The Chamber shall provide the office space, equipment, and support staff necessary for the operations of the Office. C.Funding. For Fiscal Year 2020-2 1, the Chamber shall solicit and contribute private sector funds to the operation of the Office. The Chamber’s private funds contribution will match the City’s funds up to $125,000. The City shall provide $62,500 to the Chamber on or before October 3 1, 2020. The City shall provide an additional $62,500 to the Chamber on or before April 30, 2021. The City funds will be provided to the Chamber before the Chamber provides matching private funds with quarterly updates on fundraising progress. The Chamber shall contribute $62,500 of private fUnds between October 1, 2020 and March 31, 2021, and an additional $62,500 between April 1, 2021 and September 30, 2021, matching the City’s funds. The balance of any unused City funds shall be returned to the City at the end of the City’s fiscal year on September 30, 2021, or may be applied to other economic development projects or reserved for future uses by the Chamber as authorized by this Agreement upon written approval of the City Manager. If at any time during the term of this Agreement the Chamber provides the City with notice that it will not be able to raise $125,000, or the need arises for additional funds as determined by both the City Manager and the Chamber, a request to amend this Agreement may be submitted to the City for consideration. The City has discretion to accept, deny, or negotiate changes to the Chamber’s request. Any flmds provided by the City pursuant to this Agreement shall be retained in an account separate and segregated from the Chamber’s general operating fund and shall only be used for the purpose provided for in this Agreement. The Chamber and the Office shall keep current and accurate records of all funds received and expended, as well as deliverables and metrics specified herein, which shall be subject to inspection and audit by the City at all reasonable times. All such records shall be subject to the Texas Public Information Act, Tex. Gov’t Code Ch 552 D. Use of City Funds and Scope of Work. As a condition of the receipt of City QIn(is, the Chamber hereby agrees to use and expend all City funds pursuant to : 1. All applicable federal, state, and local laws; 1 2. 3. The Chamber’s proposed budget for the Office attached hereto and incorporated by reference as Exhibit A; and The agreed upon scope of work as outlined in the 2020-2021 Chamber Office of Economic Development Work Plan (“Work Plan”), attached hereto and incorporated by reference as Exhibit B. i. The parties agree that the attached Work Plan is a planning tool, and the City and the Chamber reserve the right to revise the Work Plan with written consent of both parties. E.Reporting Requirements. The Chamber shall provide written reports to the City as follows: A copy of the Chamber’s Office of Economic Development Profit and Loss Budget Performance Statement shall be provided to the City’s Director of Economic Development quarterly for the periods ending December 31, 2020; March 31, 2021; June 30, 2021; September 30, 2021 ; A copy of the Chamber’s annual audited financial reports within 6 months of the end of the Chamber’s fiscal year shall be provided to the City’s Director of Economic Development; A copy of the Chamber’s most recent annual Form 990 shall be provided to the City’s Director of Economic Development; 1 2 3 4. Quarterly reporting on the private funds raised in accordance with this Agreement. 5. Meetings, reports, and presentations shall be provided and held in accordance with Work Plan. F.Independent Status of Office. The Office shall be under the direct supervision and control of the Chamber and all personnel of the Office shall be considered employees or agents of the Chamber and not of the City. The Chamber shall be responsible for the processing of all benefits or payment liabilities of such employees or agents, including the withholding or payment of personal income or social security taxes, as provided by applicable law, and the payment of worker’s compensation premiums. G. Insurance. The Chamber shall maintain policies of insurance for the duration of the Agreement, as outlined in Attachment A, to protect against liability arising from the operation of the Office. The Chamber must provide a copy of the Certificate of Insurance showing the City added as an insured within a reasonable time of execution of this Agreement and each time there is a change in coverage or carrier, a copy must be provided to the City of Denton’s Director of Economic Development. H. INDEMNITY. THE CHAMBER AGREES TO DEFEND, INDEMNIFY, AND HOLD HARMLESS THE CITY, ITS ELECTED OFFICIALS, OFFICERS, AGENTS, EMPLOYEES, AND REPRESENTATIVES FROM ANY AND ALL CLAIMS, SUITS, OR LIABILITIES ARISING FROM OR RELATED TO ANY ACT OR OMISSION OF THE CHAMBER, ITS OFFICERS, DIRECTORS, OFFICIALS, EMPLOYEES, ORREPRESENTATIVES IN THE PERFORMANCE OF THIS AGREEMENT. THIS INCLUDES PROPERTY DAMAGE, PERSONAL INJURY OR DEATH AND ALSO COVERS COSTS OF SUIT AND ATTORNEYS FEES. 2 I. Term of Agreement. This Agreement shall be effective from October 1, 2020, through September 30, 2021. This Agreement may be renewed and extended for one additional one- year term with written consent and authorization of both parties. J.Termination. Either party may terminate this Agreement by giving written notice to the other party thirty (30) days in advance of the termination date, in which case any unexpended funds provided by the City shall be returned to the City within fifteen (15) days from the date the written notice is mailed to the Chamber. If the Chamber fails to meet the deliverables or metrics required under this Agreement, and it results in termination of the Agreement by the City, then the Chamber will not be eligible for any future funding from the City for a one (1) year period. K. Entire Agreement. This Agreement constitutes the entire agreement between the parties and supersedes any previous agreements, oral or written. This Agreement may only be modified by the subsequent mutual written agreement executed by the City and the Chamber. L. Waiver. Any waiver by the City of any provision or condition of this Agreement shall not be construed to be a waiver of any other provisions or conditions of this Agreement. M. Governing Law. This Agreement shall be governed by the laws of the State of Texas. The City expressly does not waive any defenses to any claims of any sort by virtue of this Agreement, including its Sovereign Immunity, and states that this is an economic incentive only and not subject to the provisions of Chapter 271 Tex. Loc. Gov’t Code, Subchapter I. N. Severability. Should any provision of this Agreement be adjudged illegal, invalid or unenforceable, such illegality, invalidity or unenforceability shall not affect the legality, validity of enforceability of the Agreement as a whole or any sections, subsections, sentences, or clauses herein [signature page follows] EXECUTED this the ISt!\, day of Sep+e(Kbe( , 2020. CITY OF DENTON aiRIS WAN ATTEST: ROSA RIOS, CITY SECRETARY BY: 4 ar2 b _'by THIS AGREEMENT HAS BEEN BOTH REVIEWED AND APPROVED As to financial and operational Obligations and business terms. 4 Title /g£fHth>, IeruLeR aM APPROVED AS TO LEGAL FORM: AARON LEAL, CITY ATTORNEY „@@C DENTON G Its: ' '):# J/}'. fJ Attachment A INSURANCE REQUIREMENTS STANDARD PROVISIONS: Without limiting any of the other obligations or liabilities of the Chamber, the Chamber shall provide and maintain until the agreement has been terminated, the minimum insurance coverage as indicated hereinafter. All insurance policies proposed or obtained in satisfaction of these requirements shall comply with the following general specifications, and shall be maintained in compliance with these general specifIcations throughout the duration of the Contract, or longer, if so noted: • Each policy shall be issued by a company authorized to do business in the State of Texas with an A.M. Best Company rating of at least A or better. •Any deductibles or self-insured retentions shall be declared in the proposal. If requested by the City, the insurer shall reduce or eliminate such deductibles or self-insured retentions with respect to the City, its officials, agents, employees and volunteers; or, the Chamber shall procure a bond guaranteeing payment of losses and related investigations, claim administration and defense expenses. •Liability policies shall be endorsed to provide the following: 0 0 Name as Additional Insured the City of Denton, its Officials, Agents, Employees and volunteers That such insurance is primary to any other insurance available to the Additional Insured with respect to claims covered under the policy and that this insurance applies separately to each insured against whom claim is made or suit is brought. The inclusion of more than one insured shall not operate to increase the insurer's limit of liability. Provide a Waiver ofSubrogation in favor of the City of Denton, its officials, agents, employees, and volunteers. 0 e Cancellation: City requires 30 day written notice should any of the policies described on the certifIcate be cancelled or materially changed before the expiration date. •Should any of the required insurance be provided under a claims made form, Chamber shall maintain such coverage continuously throughout the term of this contract and, without lapse, for a period of three years beyond the contract expiration, such that occurrences arising during the contract term which give rise to claims made after expiration of the contract shall be covered. • Should any of the required insurance be provided under a form of coverage that includes a general annual aggregate limit providing for claims investigation or legal defense costs to 6 be included in the general annual aggregate limit, the Chamber shall either double the occurrence limits or obtain Owners and Chambers Protective Liability Insurance. •Should any required insurance lapse during the contract term, requests for payments originating after such lapse shall not be processed until the City receives satisfactory evidence of reinstated coverage as required by this contract, effective as of the lapse date. If insurance is not reinstated, City may, at its sole option, terminate this agreement effective on the date of the lapse. SPECIFIC ADDITIONAL INSURANCE REQUIREMENTS: All insurance policies proposed or obtained in satisfaction of this Contract shall additionally comply with the following marked specifications, and shall be maintained in compliance with these additional specifIcations throughout the duration of the Contract, or longer, if so noted: [X] A.General Liability Insurance: General Liability insurance with combined single limits of not less than SI,000,000.00 shall be provided and maintained by the Chamber. The policy shall be written on an occurrence basis either in a single policy or in a combination of underlying and umbrella or excess policies. If the Commercial General Liability form (ISO Form CG 0001 current edition) is used • Coverage A shall include premises, operations, products, and completed operations, independent contractors, contractual liability covering this contract and broad form property damage coverage. e Coverage B shall include personal injury. •Coverage C, medical payments, is not required. If the Comprehensive General Liability form (ISO Form GL 0002 Current Edition and ISO Form GL 0404) is used, it shall include at least: • Bodily injury and Property Damage Liability for premises, operations, products and completed operations, independent contractors and property damage resulting from explosion, collapse or underground (XCU) exposures. • Broad form contractual liability (preferably by endorsement) covering this contract, personal injury liability and broad form property damage liability. [X]Automobile Liability Insurance: Chamber shall provide Commercial Automobile Liability insurance with Combined Single Limits (CSL) of not less than $500,000 either in a single policy or in a combination of basic 7 and umbrella or excess policies. The policy will include bodily injury and property damage liability arising out of the operation, maintenance and use of all automobiles and mobile equipment used in conjunction with this contract. Satisfaction of the above requirement shall be in the form of a policy endorsement for: • any auto, or • all owned, hired, and non-owned autos. 0 a: 8C g)Jd = g ;D A LR A oS : gbIT, 8 cE 8 g # llnlaihDUAa pHIalIaal > bH Ihl 8 a g : g A:VA V)al 62 LU20 De S > a g B B i g 1 C)Ln0\1 :8: hi hi hi :g b{ :?! !!! !!! !!! !!! !!! E :g g E :{ :{ Eg gciLn(XI o\ v\ OFiNfr)el fri sf- sf- O- Lrt to-d'Lri'Lr;'to-Fi'N T-l a b- ni Lrt GNI0 q) qa g0 SHaiA Eaa Q + gbla = on +1C a) Eala g q)a U Eaea1.)LU aJQ E 10E C)pI 8INi R E E to F g gc) % a)AZ F op E3ra a g 6 b 'ai IF) i= T E= !a) E)a) E E0C) bb0 V) QJ3U Ue q) :LU (aUfI L-a) g } ; a) EaUC ru eIl EXHIBIT “B” 2020-2021 ECONOMIC DEVELOPMENT WORK PLAN Denton Economic Development Partnership Responsibility Overview Chamber Primary lncentive Negotiation, Policy, and Administration I Relationship Building with Developers, Brokers, Local Industry, and Business Development Districts Business Recruitment and Attraction Fiscal & Economic Impact Analysis Business to Business Networking Labor and Data Analytics Private Investor Relations Business Community Engagement in City Initiatives i Small Business Development Center o -–– Business Retention and Expansion I Marketing Technical and Advisory Support I Business Training and Education Cooperative Efforts Strategic Plan Implementation Workforce and Talent Development Community Engagement Small Business Support and Entrepreneurship Regional Coordination and Partnerships City Primal 10 Chamber Office of Economic Development Work Plan for FY 20-21 Focus Area: Relationship building with Relationship to Strategic Plan IIbrokers, II Goal 2. Fos:be:r Growth Strategic Growth Area 2A. Connected Denton Strategy 2 A.2 Attract New Investment 2A.2.1 Cultivate relationships with real estate brokers and site selectors. 2A.2.2 Create a centralized lead tracking system for Denton 2A.2.3 Engage with regional economic development organizations, industry groups, and professional networks in the DFW Metroplex and lslness Strategic Plan Identified Tasks 2A.2 FY 20-21 Work Plan Items: • City and Chamber co-host annual developer and builders forum • Develop materials (brochures, fliers, data sets, etc.) specific to developers, including commercial, industrial, and mixed-use developers Hold meetings with DFW developers to discuss potential sites in Denton. Seek out developers in DFW that are already working on desirable projects (e.g. high density urban development, spec office space, creative infill development). Track interactions with developers in shared systems and report on interactions. Purchase of and transition to a new shared CRM system (City-supported) in which all leads should be documented and tracked in one shared system that is fully accessible to both entities Process documentation and SOP development for management of leads based on developer interactions. Participation in groups such as: Team Texas, DFW Marketing Team, Dallas Regional Chamber, Fort Worth Chamber, etc. Relationship to Strategic Plan • • • • • • Goal 2. Foster Growth Strategic Growth Area 2A. Connected Denton Strategy 2A.3 Westpark Industrial Park 2A.3.2 Continue to track vacant properties and parcels, partnering with brokers and developers on new developments or redevelopments to increase the usefulness and value of these properties. Strategic Plan Identified Task 2A.3 Fy 20-21 Work Plan Items • Work with brokers to ensure brochures and marketing information are up to date and professional. Meet with spec space property managers at least once per year to discuss marketing and potential tenant goals. Maintain and update database of existing properties. Promote and market existing sites to developers during interactions Create prospectuses on existing sites in coordination with brokers and owners to promote desirable development of sites. Create utility profiles and infrastructure supported for existing sites. Begin discussions of locations for prime future development and document challenges/opportunities. • • • • • • 11 Relationship to Strategic Plan Goal 2. Foster Growth Strategic Growth Area 2D. Competitive Denton Strategy 2D.3 Professional Office Space 2D.3.1 Promote the development of Class A buildings for office space and creative redevelopment of existing structures to attract professional services and tech-oriented companies. 2D.3.3 Strengthen relationships with the regional real estate and brokerage community by hosting quarterly or annual meetings with DFW real estate professional and trade associations. Strategic Plan Identified Task 2D.3 FY 20-21 Work Plan Items • City and Chamber co-host annual developer and builders forum (also 2A.2). • Participate with regional broker/developer events, associations, and forums. • Research Class A office building development and begin planning for future development. Work with local developers and other associations to understand needs to support and develop office space. Schedule meetings with current office space property owners/managers to understand needs of tenants. Work with City to develop research for office space development needs. Prepare prospectuses for developers if sites are identified (possible future task). • • Documenting Success in this Focus Area: • Development of tracking metrics, output measures. • Report on progress at monthly Economic Development Work Group meetings. • Develop of SOPs for specific processes. Work with City to implement new CRM and tracking system.• Provide data and information in quarterly report to include metrics and narrative.• • • 12 Focus Area: Mari Relationship to Strategic Plan cetin Goal 2. Foster Growth Strategic Growth Area 2B. Creative Denton Strategy 2B.6 Promoting Denton’s Creative Brand 2B.6.1 Aggressively use the City’s (and Chamber’s) social media channels to publicize successes. Strategic Plan Identified Task 2B.6 FY 20-21 Work Plan Items • Develop a social media marketing plan and implement it. • Reach out to existing businesses to capture and promote success stories. • Create a shared social media calendar and track metrics. Explore ways to share stories on website and drive traffic from site selectors and prospects. I Strategic Growth Area 2C. Sustainable Denton Strategy 2C.4 Green Marketing 2C.4.1 Incorporate Denton’s Green Business Program in economic development digital marketing. 2C.4.2 Revise digital marketing materials to include a greater focus on Denton’s sustainable goals and 100 percent Relatiol Strategic Plan Identified Task renewable energy resources. 2C.4 Fy 20-21 Work Plan Items • Schedule meetings with City’s Sustainability department to learn about Green Business Program and how it can be promoted to businesses. • Have Green Business Program information to distribute during any outreach events. • Capture data on sustainability initiatives and best practices from business. • Actively promote stories about sustainability and environmentally friendly businesses on social media. • Include sustainability efforts in all marketing materials, • Work with DME on how to best promote 100% renewable community and develop a targeted businesses list based on electric profiles. o Strategic Growth Area 2D. Competitive Denton Strategy 2D.5 Digital Marketin, 2D.5.1 Refresh the Denton EDP website so that it serves as the City’s primary online portal for economic development prospects, site location consultants, commercial real estate brokers, and other business decision-makers. 2D.5.2 Establish a digital marketing campaign to highlight Denton’s economic development advantages and success stories. Develop baseline digital marketing tools and engage in regular digital marketing activities. 2D.5.3 Collaborate with the Denton Chamber of Commerce to create digital materials aimed at commercial real estate brokers, describing the attractive environment for business relocation. Strategic Plan Identified Tasks 13 2D.5 FY 20-21 Work Plan Items • • • • Schedule quarterly social media/website/digital marketing campaign meetings to updated work teams on successes and plans and to check in on metrics. Work with City to develop and implement a digital marketing campaign that aligns with the goals of the adopted strategic plan. Schedule digital ad buys in publications or platforms that are most likely to reach site selectors or prospects in targeted areas. Create site specific information in coordination with brokers that is likely to attract desirable prospects Documenting Success in this Focus Area Development of tracking metrics, output measures• Regularly report on marketing activities at Economic Development work group meetings and• n quarterly reports Deliver and implement marketing and social media plans• 14 Focus Area: Business Recruitment & Attraction e Strategic Growth Area 2A. Connected Denton Strategy 2A.2 Attract New Investment s selectors. 2A.2.2 Create a centralized lead tracking system for Denton 2A.2.3 Engage with regional economic development organizations, industry groups, and professional networks in the DFW Metroplex Strategic Plan Identified Tasks 2A.2 FY 20-2:1 Work Plan Items • Development of materials specific to developers, including commercial, industrial, and mixed use developers. Arrange meetings with DFW developers to discuss potential sites in Denton. Seek out developers working in DFW that are already working on desirable projects (high density urban development, spec office space, creative infill development). Track interactions with developers in shared systems and report on interactions. Purchase of and transition to a new shared CRM system (City-supported) in which all leads should be documented and tracked in one shared system that is fully accessible to both entities. Process documentation and SOP development for management of leads based on developer interactions. Participation in groups such as Team Texas, DFW Marketing Team, Dallas Regional Chamber, Fort Worth Chamber, etc. Develop targeted broker list for potential developments in Denton. Respond to all RFls received from various sources on projects that meet strategic need of Denton and include developments that are attractive and desirable for community. e Strategic Growth Area 2A. Connected Denton Strategy 2A.3 Westpark Industrial Park 2A.3.2. Continue to track vacant properties and parcels, partnering with brokers and developers on new developments or redevelopments to increase the usefulness and value of these properties. • • • • • • • • Strategic Plan Identified Task 2A.3 FY 20-21 Work Plan Items • Create/implement tracking system to monitor available land in Westpark area. Create tracking system to monitor jobs and investments generated in Westpark area. Work with City departments to develop plans to improve infrastructure in TIRZ based on feedback from developers. Create marketing materials for land available in Westpark area and distribute through known brokers. Respond to RFls received with updated marketing materials. Track all leads and RFls responded to, including industry type, potential investment, number of jobs, source, and consistently update status in tracking system. • • • • • 15 Hold monthly recruitment meetings to review received leads/submitted projects and discuss opportunities, challenges, and how to improve responses. Attend site selection events or forums in DFW area. Stay up to date and report on market trends; provide regular updates on market trends in the monthly meetings. Relationship to Strategic Plan • • • Goal 2. Foster Growth Strategic Growth Area 2A. Connected Denton Strategy 2A.4 Center of Excellence 2A.4.1 Leverage over $2.8 billion in planned projects from TxDOT in Denton to increase connectivity between Denton and surrounding DFW communities. 2A.4.2. Explore the feasibility of a partnership between the businesses located in the Westpark Industrial Park, NCTC, UNT Center for Logistics & Supply Chain Management, and the City. Strategic Plan Identified Tasks 2A.4 FY 20-21 Work Plan Items • Schedule meetings between City, Chamber, NCTC, UNT, and others to begin discussions on creation of Center of Excellence for Logistics and Supply Chain Management. • Document progress and complete any required research. e Strategic Growth Area 2B. Creative Denton Strategy 2B.5. Recruit Growing Startups 2B.5.2. Target successful startups in business incubators/accelerators that are on the cusp of outgrowing their existing spaces and are positioned for expansion/relocation to Denton Strategic Plan Identified Task 2B.5 FY 20-21 Work Plan Items • Participate in Denton Innovation Group meetings to discuss specific needs and companies that might be good targets. Work cooperatively with City to develop plans, strategies, and materials. In coordination with City, develop tracking system for tech-specific development. Coordinate with Stoke regarding tech start up resources that would be valuable to startup attractions. Relationship to Strategic Plan • • • Goat 2. Foster Growth Strategic Growth Area 2C. Sustainable Denton Strategy 2C.2 Target Environmentally Conscious B 2C.2.1 Identify businesses that are high electricity users, such as data centers. JSlrtesses Strategic Plan Identified Task 2C.2 Fy 20-21 Work Plan Items • Work with DME and City to identify businesses that would be prime targets as high electricity users or companies with high interest in locations using 100% renewable energy. Develop marketing packets specific for electric-prospects. Fully understand and market the DME economic growth rider (EGR), and track successes of Learn from companies that have used the EGR or have positive experiences with DME and integrate information into marketing plan. use • • • 16 Relationship to Strategic Plan Goal 2. Foster Growth Strategic Growth Area 2D. Competitive Denton Strategy 2D.3 Professional Office Space 2D.3.1 Promote the development of Class A buildings for office space and creative redevelopment of existing structures to attract professional services and tech-oriented companies. 2D.3.3. Strengthen relationships with the regional real estate development and brokerage community by hosting quarterly or annual meetings with DFW real estate professional and trade associations. Strategic Plan Identified Tasks 2D.3 FY 20-21 Work Plan Items • City and Chamber co-host annual developer and builders forum (also 2A.2). • Participate with regional broker/developer events, associations, forums. • Research Class A office building development and begin planning for future development. • Work with local developers and other associations to understand needs to support and develop office space. Schedule meetings with current office space property owners/managers to understand needs of tenants. Work with City to develop research for office space development needs. • Prepare prospectus for developers if sites are identified (possible future task). Documenting Success in this Focus Area • Consistent documentation of leads, RFls, and recruitment plan of work. • Development of clear goals to review and report on during Economic Development work group meetings. Implementation of CRM system and preparation of SOPs. Weekly standup meetings with City to game plan activities. • • • • 17 Focus Area: Business to Business Networking e Champion & Convene Goal 2. Fostering Growth: 2B.3 Ecosystem Builders 2BI.2 Support the expansion of networking channels and opportunities for relationship building among the region’s entrepreneurs, startups, and students. 2B.3.2 Partner with the Denton Innovation Group to define a vision for entrepreneurship in Denton, establish goals, and connect with DFW organizations. Strategic Plan Identified Tasks FY 20-21 Work Plan Items • Work collaboratively with City and other partner resources to develop and promote industry specific networking events. Work collaboratively with partners to develop and promote networking events connecting entrepreneurs to startup resources. • Launch Business Expo (B2B & B2C networking & business building event). Documenting Success in this Focus Area • Development of an industry-specific contact database accessible to all partners. • 18 Focus Area: Business Training and Education Relationship to Strategic Plan Goal 3. Strengthen Community Inclusion Strategy 3.1 Workforce Collaborative 3.1.3 Over the long term, identify two to three occupations and/or skills that are critical to Denton employers and develop pathways to support residents in moving into those roles. Strategic Plan Identified Tasks FY 20-21 Work Plan Items • Work collaboratively with City and other partner resources to develop and promote business training resources. Compile training materials and actively promote training opportunities to business community. Work with other business support organizations (Denton Black Chamber of Commerce, Denton Hispanic Chamber of Commerce, Denton Main Street Association, Center for Women Entrepreneurs, Stoke, Denton Public Library, SBA, SBDC, SCORE) to engage and promote training programs and available resources. • Maintain local SBDC office through Chamber and actively promote SBDC resources. Documenting Success in this Focus Area • Schedule quarterly workforce focused meetings to provide updates and report on activities in this area. • • 19 Working Together The City and Chamber intend to schedule the following meetings and reports: 1. 2. Weekly meetings between City Director of Economic Development and Chamber VP of Economic Development. Monthly meetings of Economic Development Work Group to report on/discuss the following: Strategic Plan Implementation, Business Recruitment & Attraction, Business Retention & Expansion, Marketing, Business resources and training, Workforce & Talent Development, New initiatives and programs, and any other relevant matters. a. The Work Group shall consist of the City’s Director of Economic Development, the Chamber’s Vice President of Economic Development, the Chair or Vice Chair of the Economic Development Partnership Board, representatives of the City Manager’s Office, the Chamber President, representatives of the Chamber Board, and any other relevant City or Chamber staff members as needed to provide reports. Quarterly reports delivered to EDPB, City Council, and Chamber Board of Directors. a. The City and Chamber will develop one consolidated report of economic development activities that includes information that is regularly reported to the Economic Development Work Group. Semi-annual joint presentation to City Council. a. Presentations on progress will be scheduled for a mid-year report and an end-of-year report 3. 4 20