AGENDA CAPTION:
Title
Receive a Staff presentation on the City of San Marcos Economic Development Incentive Policy, and provide direction to Staff.
Body
Meeting date: March 1, 2022
Department: City Manager's Office - Economic Development
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Fiscal Note:
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City Council Strategic Initiative: [Please select from the dropdown menu below]
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Comprehensive Plan Element (s): [Please select the Plan element(s) and Goal # from dropdown menu below]
? Economic Development - Fiscally Responsible Incentives for Economic Development
? Environment & Resource Protection - Choose an item.
? Land Use - Choose an item.
? Neighborhoods & Housing - Choose an item.
? Parks, Public Spaces & Facilities - Choose an item.
? Transportation - Choose an item.
? Core Services
? Not Applicable
Master Plan: [Please select the corresponding Master Plan from the dropdown menu below (if applicable)]
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Background Information:
The current economic development policy for incentives was adopted in December 2013, amended in January 2016 to add a criterion for living wage, and amended in February 2016 to add the Economic Development Supplemental Fund. An updated policy is desirable to ensure the City has guidelines that reflect the economic climate and community values of the City of San Marcos.
City staff presented in the June 1, 2021, work session on the economic development policy for the City of San Marcos and was directed to research and incorporate changes. Staff solicited input from the Economic Development San Marcos (EDSM) Board, Greater San Marcos Partnership, San Marcos Area Chamber of Commerce, and other city departments.
The proposed policy e...
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