AGENDA CAPTION:
Title
Consider approval of Resolution 2018-131R, establishing the San Marcos Innovation District; defining the boundaries of the district; creating and appointing members to a District Stakeholder Advisory Group; directing such advisory group to adopt a governance structure, conduct an audit of innovation ecosystem assets, and develop an action plan; and declaring an effective date.
Body
Meeting date: August 7, 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, and held a Work Session on June 19, 2018.
City Council Strategic Initiative:
Community Partners
Comprehensive Plan Element (s):
? Economic Development - Opportunity created by Capital of University, Business, Civic, & Cultural Leaders
? Environment & Resource Protection
? Land Use
? Neighborhoods & Housing
? Parks, Public Spaces & Facilities
? Transportation
? 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 defined 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.
During the June 19, 201...
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