News & Events

Published on Tuesday, July 03, 2018

Economic Development Department launches transparency initiative

CONTACT: Trevor Whitney, 210-207-7049
trevor.whitney@sanantonio.gov

 

SAN ANTONIO (July 3, 2018) - To inform San Antonio residents about job creation efforts and their outcomes, the City’s Economic Development Department has developed a publicly accessible online database of all active economic incentive agreements that the department monitors. This information demonstrates a commitment to best practices for government agencies, but also increases existing transparency efforts which have been a priority for City officials.

 

Economic incentive agreements can include tax abatements, tax rebates, grants, or other tools that are used to attract new investment and spur the expansion of existing businesses in San Antonio. The agreements are designed to encourage job creation and retention in target industries, high-wage positions, and new capital investments that result in economic growth for the entire community. Incentives also serve to enhance San Antonio’s competitiveness in enticing businesses to relocate to the city from across the country and the world. All economic incentive agreements must be approved by the San Antonio City Council.

 

The free database provides links to each incentive agreement, any amendments, names of companies involved in these agreements, contractual terms, and compliance data such as number of jobs created and wage requirements. A proactive approach to better transparency spurred the publication of these contracts and ordinances online, in coordination with larger efforts that have been championed by City leadership.

 

“Transparency is an important part of the economic development process. It is a tool that helps us keep the public informed of the benefits that stem from these agreements,” says San Antonio City Manager Sheryl Sculley. “Along with the three-year commitment to work with OpenGov that council endorsed in 2016, these efforts aim to provide a simple-to-use platform for citizens to access information about specific economic development projects.”

 

The Economic Development Department monitors all aspects of agreements that are approved by City Council. City staff conduct ongoing compliance monitoring of all project milestones and contract terms, which include potential remedies. 

 

The data included in this report is based on the reporting period ending December 31, 2017, and will be updated annually. All active economic incentive agreements managed by the Economic Development Department will be published online on July 3 at https://www.sanantonio.gov/EDD/ActiveIncentiveAgreements.

Number of views (757)

Categories: Economic Development

x