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IP Economic Development Strategic Plan Implementation (2019-2021) (Ongoing)

Economic Development

Time Status:

Budget Status:

Percent Complete: 25%

Start Date: 10/01/2019

End Date: 09/30/2021

In FY 2019, the City engaged a firm to conduct an in depth economic development strategic planning process. This work entailed an analysis of market, demographic, and business data to create a strategy for how the City may best deploy its resources to obtain a maximum return on investment for business attraction, retention and expansion efforts. The development of the strategic plan included community stakeholder engagement and visioning for what the business community will look for in the future. The implementation of the strategic plan supports the business plan goal of growing our local economy to increase business investment within the City and the creation of economic opportunity. This initiative is an "ongoing" initiative. The budget listed is for one year. The budget for subsequent years will be approved by the City Commission during the budget process. 

Incentive Pilot Program has had seven applicants and staff should be able to bring at least one before the Commission at the July 21st meeting.

Recognizing local businesses for interesting news (Arun's #7 on Yelp Top 100 List)

Working closely with the Mall on tenant updates/recruitment

Social media updates/posts frequent

"Did You Know" campaign being included in "Buy Local" campaign for FY22

Operating Budget:
Capital Budget:
Legend:  
Initiatives: On Target Closed Out/Completed | IP On Target/In Progress | Below Plan Behind Schedule/Late | DN Discussion NeededR/W Retreat/Workshop Item | D Delay/Hold | N No Milestone | Not Defined Not Defined
Legend:  
Initiatives: On Target Closed Out/Completed | IP On Target/In Progress | Below Plan Behind Schedule/Late | DN Discussion Needed | R/W Retreat/Workshop Item | D Delay/Hold | N No Milestone | Not Defined Not Defined

City of Coral Springs | 9500 West Sample Road, Coral Springs, FL 33065 | 954-344-1000