Creating a Roadmap For a Better Dallas

As part of its mission to support existing and prospective businesses and development opportunities, the City of Dallas Office of Economic Development has engaged the services of AngelouEconomics, an Austin-based economic development consulting firm, to prepare a comprehensive strategic development plan.

The Draft Strategic Economic Development Plan is now available to provide the City of Dallas with a road map to leverage its considerable assets and help us reach our economic growth and diversification goals. It also provides a competitive assessment of our community and identifies target industries that have the greatest potential to foster strong economic growth in the future.

Next Steps

The Economic Development Committee reviewed the draft plan in December 2019 and directed staff to engage a facilitator to gather feedback from shareholders. TIP Strategies was engaged to serve in that facilitator role and presented its findings to the Economic Development Committee on October 5, 2020. The Committee unanimously approved the four overarching goals of the Strategic Plan. Staff will now begin working on two implementation items:

1. Creation of an economic development policy, to be presented to the Economic Development Committee in Q1 2021. 
2. Investigation of the first goal in the Strategic Plan, creation of "Invest Dallas." Staff will brief the Economic Development Committee on this item in Q2 2021.