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City of Dallas City of Dallas Draft Strategic Economic Development Plan 2019 DRAFT Acknowledgments AngelouEconomics would like to express our appreciation to the individuals and organizations that provided invaluable input to this strategic planning process. The key issues identified within this report could not have been fully identified and explored without their help. We would like to give special thanks to the following individuals for their time and assistance: City of Dallas Mayor City Manager Eric Johnson T.C. Broadnax Mayor Pro Tem/District 2 Chief of Economic Development and Neighborhood Services Adam Medrano Michael A. Mendoza Deputy Mayor Pro Tem/District 10 Office of Economic Development B. Adam McGough Courtney Pogue, Director District 1 District 8 Robin Bentley, Assistant Director Chad West Tennell Atkins Jiroko Rosales, Assistant Director David Schleg, Senior Coordinator District 3 District 9 Eileen Patskin, Economic Development Analyst Casey Thomas II Paula Blackmon District 4 District 11 Carolyn King Arnold Lee Kleinman District 5 District 12 Jaime Resendez Cara Mendelsohn District 6 District 13 Omar Narvaez Jennifer Staubach Gates District 7 District 14 Adam Bazaldua David Blewett DRAFTi Acknowledgments AngelouEconomics would like to express our appreciation to the individuals and organizations that provided invaluable input to this strategic planning process. The key issues identified within this report could not have been fully identified and explored without their help. We would like to give special thanks to the following individuals for their time and assistance: Strategic Economic Development Plan Steering Committee Gillea Allison Charles English Kiyundra Gulley Marketing Director Chief Executive Officer President D Magazine Partners Boys & Girls Club Oak Cliff Chamber of Commerce Virginia Arteaga-Haid Regen Fearon Dr. Michael Hinojosa, Ed.D. Managing Director of Global Economic Development Chair Superintendent Dallas County Community College District Early Matters Dallas Dallas Independent School District Lucy Billingsley Dustin Gadberry Todd C. Howard, AIA, NCARB, LEED AP Partner President/CEO President Billingsley Company Gadberry General Contracting & Construction th+a architects Jody Bland Kourtny Garrett Rick Loessberg Vice President Chief Executive Officer Director of Planning/Development The BVA Group, LLC Downtown, Inc. Dallas County Dan Blizzard Samuel Gutierrez Leonor Marquez Vice President, Strategic Priorities Facilities Project Designer/Project Manager Chief Executive Officer Methodist Health System Texas Instruments Los Barrios Unidos Sean Donohue Hilda C. Galvin Mark Masinter Chief Executive Officer Partner-in-Charge President Dallas-Ft. Worth International Airport Jones Day Open Realty Advisors DRAFTii Acknowledgments AngelouEconomics would like to express our appreciation to the individuals and organizations that provided invaluable input to this strategic planning process. The key issues identified within this report could not have been fully identified and explored without their help. We would like to give special thanks to the following individuals for their time and assistance: Strategic Economic Development Plan Steering Committee Sonja J. McGill John G. Palmer Dr. Michael Sorrell Partner Senior Vice President President Bell, Nunnally, & Martin AT&T Paul Quinn College Linda McMahon Tracy Popken Shane Spillers President & CEO Fashion Designer/Tailor for Photo ˑ Video Shoots Treasurer The Real Estate Council Independent Artists Agency Bishop Arts District Merchants Association Regina Montoya Daniela Ramirez Bernard Weinstein Chair GIS Analyst, Labor Market Intelligence Center Associate Director of the Maguire Energy Institute Mayor’s Task Force on Poverty Dallas County Community College District Cox School of Business Southern Methodist University David A. Neumann Mike Rosa President Senior Vice President, Economic Development Jasper Neumann Consulting, Ltd. Dallas Regional Chamber Christie Meyers Tony Shidid Managing Director City Plan Commissioner Opportunity Dallas City of Dallas Frank Mihalapoulos Alan Sims Owner Chief of Neighborhood Plus Corinth Properties City of Dallas DRAFTiii Table of Contents Forward............................................................................................................................ 1 Executive Summary......................................................................................................... 2 Stakeholder Engagement................................................................................................ 12 Introduction............................................................................................................... 13 Resident Survey......................................................................................................... 13 Business Survey.......................................................................................................... 15 Past, Present, and Future........................................................................................... 17 Market Assessment......................................................................................................... 18 Introduction............................................................................................................... 19 Current Economic Climate......................................................................................... 19 SWOT Analysis........................................................................................................... 25 Assets to Leverage..................................................................................................... 25 Strengths to Promote................................................................................................ 27 Challenges to Overcome............................................................................................ 29 Competitive Positioning Analysis Components......................................................... 32 SWOT Analysis (Chart)............................................................................................... 33 Community Scorecard............................................................................................... 34 Target Industry Analysis.................................................................................................. 35 Introduction............................................................................................................... 36 Source: Bishop Arts District | Adam Simmons/Flickr Selection Process....................................................................................................... 36 Target Industries........................................................................................................ 39 Life Sciences & Healthcare.................................................................................. 41 DRAFTiv Table of Contents Telecommunications & IT................................................................................... 39 Business Services................................................................................................ 52 National & International Corporate HQs............................................................ 56 Entrepreneurship, Digital Arts, & Innovation..................................................... 59 Advanced Logistics............................................................................................. 62 Food Processing.................................................................................................. 66 Advanced Manufacturing................................................................................... 69 Strategic Action Plan....................................................................................................... 76 Overarching Goals..................................................................................................... 77 New Roles: Create “Invest Dallas”............................................................................ 78 Grow Your Own: Make Dallas a World-Class Entrepreneurial City.......................... 92 Human Capital: Enhance the Talent Pipeline.......................................................... 120 Opportunity for All: An Equitable and Inclusive Economy .................................... 149 Implementation Matrix..................................................................................................172 Economic Development Metrics....................................................................................174 Appendices..................................................................................................................... 178 Appendix A – Review of Past Plans and Studies....................................................... 179 Appendix B – Online Resident Survey Respondents................................................ 181 Appendix C – Online Business Survey Respondents.................................................183 Source: The Traveling Man, Deep Ellum | Dorti/Shutterstock Appendix D – Focus Groups and Interviews.............................................................186 Appendix E – Workforce...........................................................................................190 Appendix F – Commute Patterns..............................................................................191 DRAFTv Table of Contents Appendix G – Economic Development Organizations........................................193 Appendix H – Comparison
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