Title
Discussion and Possible Action by the City of Mansfield, Texas, Establishing an Economic Development Program for Community Activation Grants and Temporary Retail Vendor Recruitment in the Historic Mansfield Reinvestment Zone Pursuant to Chapter 380 of the Texas Local Government Code to Promote Economic Development and Stimulate Business and Commercial Activity in the City
Requested Action
To approve the economic development program in the Historic Mansfield Reinvestment Zone.
Recommendation
Approve the terms of the Historic Downtown Mansfield Community Activation Grant and Pop-Up Shop/Business Incubator Grant Program.
Description/History
The Downtown Development Strategies produced by Halff & Associates were adopted on July 27, 2020. In accordance with the intent of the strategies to encourage place-making, branding, commercial growth, economic development, and fostering of community relationships, the Historic Downtown Mansfield Community Activation Grant and Pop-Up Shop/Business Incubator Program was drafted. Recommendations and feedback on the program were given by the Revitalization of Historic Downtown Mansfield Sub-Committee on May 10th and May 21st.
Justification
See information above.
Funding Source
The program will be funded by a combination of one or more of the following sources: General Fund and/or Tax Increment Reinvestment Zone Fund.
Prepared By
Nicolette Allen, Historic Downtown Mansfield Coordinator