Laserfiche WebLink
City Council Meeting Minutes June 16, 2020 <br />The components of economic development include: <br />• Business Marketing and Attraction <br />• Business Retention & Expansion (BRE) <br />• Entrepreneurial and Small Business Development <br />• Downtown Development and Reuse <br />• Workforce Development <br />Partners: <br />• City Departments (Planning, CVB, Main Street) <br />• San Marcos Chamber of Commerce <br />• Greater San Marcos Partnership (GSMP) <br />• Splash Coworking <br />• Downtown Association <br />• Texas State Small Business Development Center <br />• Workforce Solutions <br />Business Marketing and Attraction <br />Activity <br />• GSMP provides business marketing and attraction services for the City <br />• Creates new jobs and economic growth <br />• Involves working with site selectors to showcase available commercial space <br />Key Functions: <br />• Partner with GSMP to attract new businesses to San Marcos <br />• Ensure each project meets our economic development goals and objectives <br />• Conduct financial and cost analysis on projects <br />• Coordination of city staff during recruitment process <br />Business Retention & Expansion (BRE) <br />Activity <br />• BRE visits conducted by GSMP to businesses within target industries <br />• Building relationships with existing businesses <br />• Collect data to analyze business activity and track trends <br />Key Functions <br />• Assist BRE efforts with target industries <br />• Work with partners to establish a BRE program for non -target industries <br />• Coordinate among all San Marcos efforts <br />• Ensure consistent communication with local businesses, collect accurate data <br />to meet needs and resolve issues <br />Downtown Development and Reuse <br />Activity <br />City of San Marcos Page 3 <br />