Title
Discussion regarding the Pflugerville Community Development Corporation (PCDC) Comprehensive Economic Development Strategic Plan 3.0 (CEDS).
Summary
The PCDC engaged with Ernst & Young LLP consultants in July 2023 to create a three-year economic development strategic plan for the City of Pflugerville. The consultants met with a 14-member steering committee over the last six months and conducted interviews with residents, businesses, economic development partners, developers, real estate professionals, and other stakeholders. They have conducted a SWOT analysis, Location Quotient Study, Workforce Education analysis, Target Industry Analysis, Comparative City Study, data analysis and interviewed PCDC Board and City Council in workshops and regular meetings as part of the preparation for the final strategy for the community. The consultants have met or exceeded all requirements of the contract to perform a comprehensive economic development strategic plan. The consultant will provide a presentation and discussion on the goals and priorities of the plan.
Prior City Council Action
Budget allocations and approvals by PCDC and City Council in FY23 and FY24; PCDC EY Contract Approved 6/28/23; City Council final approval contract 7/11/23.
Funding Expected: Revenue __ Expenditure _X_ N/A __
Budgeted Item: Yes X__ No __ N/A __
Amount: N/A
1295 Form Required? Yes __ No _X_
Legal Review Required: N/A _X_ Required __ Date Completed: ___________
Supporting documents attached:
CEDS 3.0 Strategic Plan
Staff Recommendation
Discuss only.