Office of Economic Development

The City proposes designating two Neighborhood Empowerment Zones and entering an economic development incentive agreement with Morgan Stanley Services Group Inc. to support the firm's establishment of temporary and permanent regional offices in Dallas, including business personal property tax abatements and a Chapter 380 grant of up to $18.5 million for job relocation, real property tax relief, and fee reimbursement.

…d with Morgan Stanley’s establishment and operation of a new temporary regional office at 1445 Ross Avenue in NEZ No. 24 (“Phase I Project”) and a new permanent regio…

Authorization to establish a District 3 Exterior Improvement Grant Program providing up to $100,000 per eligible small business for facade and exterior retail property improvements, backed by $1,200,000 in General Obligation Bond and ARPA funds.

Authorize the (1) establishment of a City Council District 3 (District 3) Exterior Improvement Grant Program for Retail Properties in accordance with the Program Statement (Exhibit A) for economic dev

Authorization for the Dallas Development Fund to enter a New Markets Tax Credit transaction, allocating up to $15 million in NMTC credits with Pecan Deluxe and Dudley Ventures/Valley Bank to support the Pecan Deluxe Manufacturing Expansion Project at 2575 Lone Star Drive, with no direct cost to the City.

Authorize a New Markets Tax Credit (NMTC) transaction between the Dallas Development Fund (DDF), a Dallas-based Texas non-profit corporation and certified Community Development Entity or a subsidiary

The City is asked to accept or reject an offer from TEOF Hotel LP to pay $5,707,000 (plus accrued interest and legal fees) upon the sale of the Lorenzo Hotel at 1011 South Akard Street in exchange for a release of the City's lien on the property, with no net cost to the City.

…S. Department of Housing and Urban Development (HUD) and/or the City Attorney’s Office (the execution of all such and aforementioned documents contingent on HUD’s fin…

Establishes a new District 5 Exterior Improvement Grant Program offering commercial property owners grants of up to $100,000 for facade and exterior capital improvements, funded by reallocating $950,000 from the rescinded NEZ No. 10 Pilot Economic Development Program.

Authorize the (1) establishment of a City Council District 5 (District 5) Exterior Improvement Grant Program for Commercial Properties in accordance with the Program Statement (Exhibit A) for economic

Authorizes a New Markets Tax Credit (NMTC) transaction involving the Dallas Development Fund, The Salvation Army of North Texas, and Capital One, allocating up to $8 million of DDF's $55 million NMTC allocation to support construction or renovation at the Salvation Army Campus Project on North Stemmons Freeway.

Authorize a New Markets Tax Credit (NMTC) transaction between the Dallas Development Fund (DDF), a Dallas-based Texas non-profit corporation and certified Community Development Entity or a subsidiary

Authorization for the Dallas Development Fund to participate in a New Markets Tax Credit transaction, allocating up to $8 million of its $55 million NMTC allocation to support the Forest Theater Redevelopment Project at 1918 Martin Luther King Jr. Boulevard, in partnership with Forest Forward and U.S. Bancorp Community Development Corporation, at no direct cost to the City.

Authorize a New Markets Tax Credit (NMTC) transaction between the Dallas Development Fund (DDF), a Dallas-based Texas non-profit corporation and certified Community Development Entity or a subsidiary

Authorizes the rejection of all proposals received for food truck incubator programs in City Council Districts 1 and 3, administered by the Office of Economic Development, with no cost to the city.

Authorize the rejection of proposals received for food truck incubator programs for City Council District 1 and City Council District 3 for the Office of Economic Development - Financing: No cost cons

Authorizes a 10-year business personal property tax abatement agreement with Amarumayu, LLC for a project at 9078 Van Horn Drive, abating 50% of the increased taxable value of business personal property in accordance with the City's Economic Development Incentive Policy, with an estimated revenue foregone of approximately $1.38 million over the abatement period.

Authorize a business personal property tax abatement agreement with Amarumayu, LLC and/or affiliates for a period of 10 years in an amount equal to the City’s taxes assessed on 50 % of the increased t