Mission & Vision

Mission: Strengthen relationships, build partnerships, and provide solutions that cause entities to choose Temple

Vision: The best place to do business in Texas and the South

Objectives:

• Create and maintain high quality jobs and businesses in Temple
  • Develop strong relationships with existing industries to support job retention and business growth
  • Seek new business opportunities that leverage Temple’s current assets and support the achievement of the City’s economic development objectives

• Be a leader and a catalyst for directed economic development and growth within the Temple community
  • Be a resource for Team Temple
  • Help create the transition to higher value jobs and advanced technology
  • Contribute to the development of transportation solutions that support the Temple’s development needs
  • Support entrepreneurial activity and continue to work with the Temple Business Incubator

• Manage the pipeline of new opportunities for the Temple’s target industries
  • Execute and maintain a five-year comprehensive strategy and marketing plan for TEDC that defines the community’s target industries and development approach
  • Execute the plan in a professional manner that is a credit to the City
    • Meet “response time” and other staff performance objectives
    • Represent Temple in local, regional, state and national forums
    • Raise the state, national, and international profile of Temple

• Create tactics and tools to guide effective and efficient TEDC operations
  • Maintain initiatives and appropriate “deal” parameters
  • Conduct Cost-Benefit Analyses to facilitate Board review of potential economic development deals
  • Review and report the infrastructure and financial support required for the success of TEDC initiatives
    • Establish and execute a defensible staffing and operating plan
    • Develop alternative funding mechanisms to support economic development activities
    • Maintain and develop a professional, empowered TEDC staff

• Achieve measurable economic development objectives and report progress against these objectives annually to the TEDC Board of Directors
  • Annual job growth that exceeds the five year city average
    • New job creation vs. average
    • Job retention vs. average
  • Annual average wage rate growth that exceeds the five year city average
  • Annual tax base growth that exceeds the five year city average
    • Property tax base growth vs. average
    • Sales tax revenues vs. average

• Communicate effectively and regularly with Team Temple

• Whenever possible and appropriate, “Close the Deal”