HomeMy WebLinkAbout108-16 RESOLUTION113 West Mountain Street
Fayetteville, AR 72701
(479) 575-8323
Resolution: 108-16
File Number: 2016-0238
ECONOMIC DEVELOPMENT STRATEGIC PLAN: A RESOLUTION TO APPROVE AND ADOPT
THE FAYETTEVILLE FIRST ECONOMIC DEVELOPMENT STRATEGIC PLAN.
WHEREAS, the City Council approved a contract with Boyette Strategic Advisors in November, 2015, to
create an updated economic development strategic plan.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
FAYETTEVILLE, ARKANSAS:
Section 1. That the City Council of the City of Fayetteville, Arkansas hereby approves and adopts the
Fayetteville First Economic Development Strategic Plan as submitted by Boyette Strategic Advisors.
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Sondra E. Smith, City Clerk Treasurer
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�- File Number: 2016-0238
Agenda Date: 5/17/2016 Version: 1 Status: Passed
In Control: City Council Meeting File Type: Resolution
Agenda Number: C 5
ECONOMIC DEVELOPMENT STRATEGIC PLAN:
A RESOLUTION TO APPROVE AND ADOPT THE FAYETTEVILLE FIRST ECONOMIC
DEVELOPMENT STRATEGIC PLAN
WHEREAS, the City Council approved a contract with Boyette Strategic Advisors in November, 2015,
to create an updated economic development strategic plan.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
FAYETTEVILLE, ARKANSAS:
Section 1. That the City Council of the City of Fayetteville, Arkansas hereby approves and adopts the
Fayetteville First Economic Development Strategic Plan as submitted by Boyette Strategic Advisors.
City of Fayetteville, Arkansas Page 1 Printed on 5/18/2016
City of Fayetteville Staff Review Form
2015-0238
Legistar File ID
5/17/2016
City Council Meeting Date - Agenda Item Only
N/A for Non -Agenda Item
/
Jeremy Pate 4/29/2016 Development Services
Development Services Department
Submitted By Submitted Date Division / Department
Action Recommendation:
A resolution to approve "Fayetteville First", a strategic plan that will guide the City's economic development efforts
over the next five years.
Budget Impact:
Account Number
Fund
Project Number
Project Title
Budgeted Item? No
Current Budget
$
Funds Obligated
$
Current Balance
Does item have a cost? No
Item Cost
Budget Adjustment Attached? No
Budget Adjustment
Remaining Budget
i
V20140710
Previous Ordinance or Resolution # 201-15
Original Contract Number: Approval Date:
Comments:
CITY OF
FaykP —Ile
r
ARKANSAS
MEETING OF MAY 17, 2016
TO: Mayor Lioneld Jordan
Fayetteville City Council
THRU: Don Marr, Chief of Staff
CITY COUNCIL AGENDA MEMO
FROM: , Jeremy Pate, Development Services Director -T
DATE: April 29, 2016
SUBJECT: Economic Development Strategic Plan
RECOMMENDATION:
Staff recommends approval of a resolution adopting "Fayetteville First", a strategic plan that will
guide the City's economic development efforts over the next five years.
BACKGROUND:
In November of 2015, the City Council approved a contract with Boyette Strategic Advisors
(Boyette) to facilitate the creation of an update to the City's economic development strategic plan;
the last time this plan had been updated was during the recession years of 2008-2009. Much has
changed in Fayetteville, Northwest Arkansas and the U.S. since that time, during which the
Chamber of Commerce has been the contractor selected to perform economic development
services for the city.
DISCUSSION:
As part of the update process, Boyette created online surveys, interviewed citizens, developers,
business owners, entrepreneurs, educators, artists and others, and held a public input session,
in all engaging with over 1500 stakeholders to provide the groundwork for Fayetteville First. In
addition, Boyette compared demographic data of Fayetteville to five Arkansas cities (Bentonville,
Conway, Jonesboro, Rogers and Springdale), as well as to the state and U.S. Five additional
cities outside of the state were chosen as benchmark locations based on their population size
and overall demographic characteristics, presence of a university, as well as the entrepreneurial
and arts/cultural atmosphere. Those cities are Asheville, NC; Boulder, CO; Chapel Hill, NC, Fort
Collins, CO; and Lawrence, KS. Comparison to the benchmark cities enabled Boyette and the
City to understand best practices that could be utilized in Fayetteville, trends of economic
development over time, organizational staffing and delivery models, and areas we need to
strengthen to be a place of choice.
Supported by this data, examples of best practices and the groundwork of public input,
Fayetteville First is a strategic plan identifying five target business sectors, seven strategic
focuses with related priorities and action items, as well as recommendations related to the
economic development delivery system. An implementation/action plan is being delivered
separately from the Fayetteville First plan, as a working document for the project team to utilize
Mailing Address:
113 W. Mountain Street www.fayetteville-ar.gov
Fayetteville, AR 72701
moving through implementation over the next five years. Through the implementation of the
strategic focuses in the Fayetteville First plan, the city will set its course on becoming a place for
creativity, innovation and culture that will attract, grow and retain knowledge-based assets for this
21st century economy.
BUDGET/STAFF IMPACT:
None at this time. Several of the action items contained within the plan, including the preferred
delivery system for economic development services, will have a budget impact if/when the City
Council chooses to move forward with those items.
Attachments:
Fayetteville First Economic Development Strategic Plan
FAYETTEVILLE FIRST
2016
B2yAtte
Strategic Advisors