Agenda

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10.

City Council Regular Meeting

Meeting Date:

12/10/2019

BACKGROUND

The Annual Report covers the SEDC’s fiscal year (October 1, 2018 to September 30, 2019) and includes an overview of our recruitment and retention efforts, data covering city demographics and the business community, details on active Projects, an explanation of the SEDC Reserves Strategy, an overview of development in Schertz, and the SEDC’s annual financial summary. The Annual Report is being presented to City Council for information purposes.

GOAL

N/A

COMMUNITY BENEFIT

The Annual Report offer details that inform readers on economic development activities occurring throughout the community during the fiscal year.
Highlights include: (1) Staff exceeded their number of inquiries recruitment goal by 24; (2) Twelve recruitment events were held in locations ranging from California to New York; (3) SchertzEDC.com saw a 55% increase in pageviews compared to the previous fiscal year; (4) Staff produced thirteen blogs as part of marketing efforts to better tell the SEDC’s story; (5) Business Retention & Expansion hosted 7 industry Roundtables, exceeding the annual goal of 6, bringing together manufacturing, logistics, and human resource professionals; (6) The SEDC doubled the number of hiring fairs this year from two to four, with these events bringing in 450 job seekers; (7) The SEDC, in partnership with Caterpillar, focused this year’s Manufacturing Day efforts on connecting local junior high school girls and STEM; (8) The SEDC entered into an incentive agreement with Nexus Enterprises, a company which is currently constructing their new headquarters in Schertz; (9) The SEDC Board developed a Reserves Strategy to guide the use of current and future SEDC reserve funding; and (10) Ten major developments were completed, accounting for the addition of over half a million square feet of new space being added to the Schertz real estate market.

SUMMARY OF RECOMMENDED ACTION

N/A

FISCAL IMPACT

None

RECOMMENDATION

The Annual Report is presented to City Council for your review.

Attachments
SEDC Annual Report 18/19