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Strategic Plan for Economic
       Development

Presentation of Action Plan and
    Implementation Matrix
     by AngelouEconomics
Economic Development Strategic Plan
• Long-expressed goals and needs
   •   Target industries--Chamber
   •   Define roles among economic development partners
   •   3rd party analysis of strengths/weaknesses/opp’s.
   •   Create business retention, expansion program (BREP)
• City Council approved contract with Angelou
  Economics July 19, 2011, work began in August
• Angelou Economics has met all requirements of the
  contract
Strategic Plan Contract Components
• Phase I – Stakeholder Engagement
   • Steering Committee; 4 Focus Groups; Individual/Small
     Group Stakeholder Meetings; Community Tours
   • Deliverable: Business and Resident Surveys
• Phase II – Market Assessment
   • Market Assessment Report
   • Project Website: www.AdvanceSanAngelo.com
• Phase III – Target Industry Study Report
   • Target Market Niches and Recommendations
• Phase IV – Action Plan, Implementation Matrix, and
    Evaluation Criteria
Community & Eco. Dev. Partner Involvement
  • Presented to Steering Committee December 2011
  • Approved by Chamber, DSA, and Workforce boards
  • Approved by COSADC January 25, 2012
  • Steering Committee will work with COSADC staff and
    economic partners to identify priorities and implement
    recommendations
  • Chamber will use recommendations to develop new
    marketing plan
  • All final documents at www.AdvanceSanAngelo.com

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City Council February 21, 2012 CED Strategic Plan

  • 1. Strategic Plan for Economic Development Presentation of Action Plan and Implementation Matrix by AngelouEconomics
  • 2. Economic Development Strategic Plan • Long-expressed goals and needs • Target industries--Chamber • Define roles among economic development partners • 3rd party analysis of strengths/weaknesses/opp’s. • Create business retention, expansion program (BREP) • City Council approved contract with Angelou Economics July 19, 2011, work began in August • Angelou Economics has met all requirements of the contract
  • 3. Strategic Plan Contract Components • Phase I – Stakeholder Engagement • Steering Committee; 4 Focus Groups; Individual/Small Group Stakeholder Meetings; Community Tours • Deliverable: Business and Resident Surveys • Phase II – Market Assessment • Market Assessment Report • Project Website: www.AdvanceSanAngelo.com • Phase III – Target Industry Study Report • Target Market Niches and Recommendations • Phase IV – Action Plan, Implementation Matrix, and Evaluation Criteria
  • 4. Community & Eco. Dev. Partner Involvement • Presented to Steering Committee December 2011 • Approved by Chamber, DSA, and Workforce boards • Approved by COSADC January 25, 2012 • Steering Committee will work with COSADC staff and economic partners to identify priorities and implement recommendations • Chamber will use recommendations to develop new marketing plan • All final documents at www.AdvanceSanAngelo.com