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IP Economic Development Strategic Plan Implementation (2019-2020) (Ongoing)

Economic Development

Time Status:

Budget Status:

Percent Complete: 33%

Start Date: 10/01/2019

End Date: 09/30/2020

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. 

Many of the initiatives in the work plan are already underway. The quarterly meetings with the Corporate Park were supposed to start in March, but have been delayed due to the COVID-19 crisis. We were finally able to hold a joint City/Corporate Park Association meeting on June 26. The next one will likely be in September.The review of City signage has been moved to the CMO. C&M and the EDO continue to work on marketing efforts. Some of the initiatives may have to be put on hold or re-prioritized as we recover from the COVID-19 crisis.


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