| Item Title: | Economic Development Department - Economic Development Fund Policy |
| Submitted By: | Jose Quinonez, Director, Economic Development Department (915) 546-2177 |
| Subject: | Receive a presentation from the Economic Development Department on drafts for the Economic Impact Fund Policy & the Healthy Food Financing Initiative Policy, and provide final feedback to the department on the drafts. Funding for the policies is available from GF-GADM-ECON IMPACT FUND. |
| Background: | First draft presentation given to Commissioners Court on September 27, 2018 |
| Fiscal Impact: | Funding for the Economic Impact Fund and the Healthy Food Financing Initiative is available in the amount of $3 million. Of that amount $2.5 million will be allocated for the Economic Impact Fund, and $500,000 for the Healthy Food Financing Initiative from general fund account COFG-1000-0000000-431-10-10000-0001-00000-605103. |
| Recommendation: | |
| Prior Action: | Commissioners Court approved the annual operating budget on August 27th, 2018, for FY 2018 - 2019. The Economic Impact Fund was created under the initiative of a Strong Growing Economy. |
| Strategic Plan: | .. |
| Strategic Plan Information: | |