AGENDA CAPTION:
Title
Receive a staff presentation and hold discussion regarding the establishment of an Innovation District in San Marcos, and provide direction to the City Manager.
Body
Meeting date: June 19, 2018
Department: CMO - Kevin Burke, Economic Development & Downtown Administrator
Amount & Source of Funding
Funds Required: N/A
Account Number: N/A
Funds Available: N/A
Account Name: N/A
Fiscal Note:
Prior Council Action: Council discussed the Innovation District concept on October 2, 2017. No action was taken.
City Council Strategic Initiative:
Community Partners
Choose an item.
Choose an item.
Comprehensive Plan Element (s):
? Economic Development - Opportunity created by Capital of University, Business, Civic, & Cultural Leaders
? 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.
? Not Applicable
Master Plan:
Vision San Marcos - A River Runs Through Us
Background Information:
In regions around the country and world, clusters of universities and high-tech companies partner and collaborate with local governments and regional economic development agencies in order to boost tech-based economic growth and create quality jobs. These collaborative economic development and place-making efforts have been dubbed "Innovation Districts."
The Brookings Institution documented their emergence in the 2014 research paper, The Rise of Innovation Districts, and a series of related publications that are attached to this packet for reference. Brookings defines innovation districts as geographic areas where leading-edge anchor institutions and companies cluster and connect with start-ups, business incubators, and accelerators. Districts are also physically compact, transit-accessible, and offer mixed-use housing, office, and retail.
In this Work Session, we will explore the Innovation Di...
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