DEDC FY 2020-21 Annual Work Plan
Goal #1
Grow DeSoto Business Incubator Project
• Fill space with quality, needed businesses. • Provide training & mentorship to entrepreneurs in the incubator through 6 – 8 week classes to include: o The Financials: Balance Sheet, Profit & Loss, Cash Flow o Tax Planning and Reporting o Credit Repair & Loans o Access to Capital and Becoming Bankable o Customer Acquisition, Retention and New Market Development o Small Business Insurance Protection o Employee Retention o Pitfalls of Hiring & Firing o Business IT – Technology Trends for Success o Corporate Status o Marketing on a Shoestring Budget o Social Media 101 o Guest Speaker Series • Increase sales tax revenue • Promote/help businesses not only in the Incubator, but throughout DeSoto. Attract a net, minimum outside investment of $55 million to make DeSoto more prosperous • Continue to work with city to develop effective public/private partnership to acquire potential property and attract future development. • Promote city’s vision to developers and investors etc., as well as, raise awareness of city to national and regional site selectors and brokers. • Promote sites at various trade shows, i.e. ICSC, HAI, SIOR, IAMC, BIO, IAMC. • Expedite development of I-35E corridor and encourage Regional Economic Development. • Enhance development opportunities for Eagle Business & Industrial Park to include advanced manufacturing and distribution opportunities. • Profile existing companies and complete needs assessment for future growth opportunities that may involve suppliers and vendors. • Help promote and attract new tenants to the DeSoto Heliport. • Continue to work with city’s Planning & Development department on current and future land uses to encourage sustainable development that aligns with the City Council’s vision. (Hampton Road Corridor Prop 4). • Enhance network of medical/health related organizations to increase additional investment along the city’s designated medical corridor(s). This includes Global Prime and other medical facilities, as well as doctors and dentists. (Ex: BIO International Convention). • Collaborate with Methodist Charlton Medical Center Hospital’s ongoing efforts to recruit talented physicians to the area and expand hospital services. • Continue marketing missions and consultant/site selectors visits. • Attract viable arts, family sports, and entertainment businesses to DeSoto.
Goal #2
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