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2005 East and Southeast Fort Worth Economic Summit 
Congressman Michael Burgess, Honorary Summit Chair
June 3, 2005
Fort Worth, Texas

eFORUM Results

In what capacity are you here today?

1. Large Business (>500 employees worldwide)

4%

2. Small Business (<500 employees)

17%

3. Education

17%

4. Interested citizen

13%

5. Elected official

3%

6. Federal government representative

2%

7. State government representative

4%

8. Local government representative

25%

9. Other

16%

In your opinion, the most important trend driving the economy in the next 10 years is going to be:

1. Tax policies

5%

2. Aging of the Baby Boom generation

28%

3. Global developments (e.g. terrorism)

10%

4. Economic globalization

38%

5. Technology innovation

16%

6. Other

4%

What is the most significant roadblock to economic development in the region?

1. Workforce skills

24%

2. Investment in R&D

3%

3. Access to early stage capital

25%

4. Lack of coordination / cooperation

23%

5. Current state of the economy

9%

6. Restrictive tax policies

0%

7. Inadequate infrastructure

8%

8. Other

9%

In your opinion, what is the area's greatest asset?

1. Human capital

24%

2. Coalition of training and education resources

11%

3. Proximity to major economic engines (e.g. Medical District,     Carter Industrial Park, I-20 Development Corridor, I-35)

42%

4. Commitment from leadership

18%

5. Other

6%

E. In your opinion, what is the first step in attracting new businesses to the region?

1. A skilled workforce

36%

2. Advanced telecommunications

2%

3. Efficient transportation

11%

4. Excellent schools

14%

5. Safe neighborhoods

19%

6. Quality health care

2%

7. An appealing civic life

7%

8. Housing costs

5%

9. Other

4%

WORKSHOP RECOMMENDATIONS

Each of the following recommendations was rated on a scale from 1 to 9 (low to high) on two sets of criteria, the impact that it would have if implemented and the feasibility of implementing it. These two scores were combined to assign the priority level identified below. In the case of a tie - priority was given to the recommendation with a higher 'feasibility' score. 

Attracting Investment (priority order)

I/F

Convene top executives in Tarrant County regarding the development of SE FW with investors, developers, and others to discuss economic opportunities

6.7/6.4

Create a task force to identify, attract, and employ "patient money." 

7.0/5.8

Create a task force to review city ordinances & policies that limit development in East & SE FW

6.5/6.2

Create an event to feature East and SE FW to host developers and present a convincing plan to take to the investment community to attract that key development effort

6.0/5.4

City needs to empower Chamber of Commerce and SE FW, Inc and other economic development agencies to impact the development of funds and programs

5.8/5.0

Preparing the Workforce of the Future (priority order)

I/F

Bring FW business leaders together to develop action plans to overcome barriers to creating internships, mentorships and jobs for youth and young adults in East-Southeast FW.

6.7/5.9

Develop detailed community profiles of East and Southeast Fort Worth.

6.1/6.4

Bring community service organizations (Rotary, Lions, etc) leaders together to discuss how their resources could be applied to future workforce needs.

6.1/5.9

Form an East-Southeast Fort Worth Workforce Development Community Council

6.0/6.0

Encouraging Entrepreneurship (priority order)

I/F

City development department HELP with permitting for renovation

7.6/6.8

Incentive packages for small businesses (like those to attract big businesses)

7.7/6.7

Network for service providers for entrepreneurs; referral system for technical assistance

6.3/5.9

Tarrant County - Fort Worth establish Angel Investor Network

6.9/5.3

BAC & chambers to partner with schools to provide entrepreneur education at middle school & high school levels; create "Road Show" to highlight successes and resources

6.2/5.8

Building Communities & Changing Perceptions (priority order)

I/F

Stringently enforce building standards and existing codes while working with communities to apply and enforce design standards unique to the respective communities

7.6/6.9

Bring patient capital to communities for more effective and creative redevelopment programs

7.7/6.1

Create a representative task force to develop an effective strategy for using federal, state, and local funds for Land Banking in the Southeast

6.9/6.6

Bring private development/non-profit/public development partners together to implement the comprehensive plans developed by and for each community

7.6/5.9

Strengthen the enforcement authority and funding of Federal and local agencies charged with preventing redlining and other illegal impediments to redevelopment

7.0/6.4

Provide technical & financial resources to each SE Fort Worth community to develop comprehensive plans that will lead to mixed-income, financially healthy, safe, stable communities

7.2/6.2

SUMMIT LINKS

Overview 

eFORUM Results

Media Clips

Agenda

Sponsors

Community Resources

 

Download the report

Contact:

Amy Eckenroth

The Public Forum Institute

202-467-2774

 

 

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