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Strategic Plan

 

In 2013, the Buda Economic Development Corporation hired Pegasus Planning, in partnership with The Retail Coach and Texas Perspectives, to conduct Buda's first Economic Development Strategic Plan. The Strategic Plan identified four target industries for the City of Buda: retail & entertainment, tourism & hospitality, office, and light industrial & advanced manufacturing. As part of the of the process, The Retail Coach conducting a retail leakage study, which indicated that Buda had over $247,967,000 in annual retail leakage.  Additionally, Texas Perspectives developed an Incentive Policy, which governs both the Economic Development Corporation and the City of Buda's incentive process and allocations. All of these documents can be downloaded under the Resources tab

In 2017, the EDC reviewed the progress it has and the community has made on the 2013 Economic Development Strategic Plan. Of the 42 action items, Buda has completed or is in progress to complete 40 of them by mid-2018. As such, the Economic Development Strategic Plan will be revised and redrafted in 2018 to address the changing economic development and community needs of the fastest growing city in Texas. 

In early 2018, the Buda Economic Development Corporation (BEDC) has initiated a planning effort to create a new economic development strategic plan for Buda. This will build on the 2013 economic development strategic plan, and will provide a new framework to guide the community's growth over the next 10 years. The BEDC has engaged economic development consulting firm TIP Strategies, based in Austin, to lead the strategic planning process. The consultants will be supported by EDC staff and designated committees of key stakeholders and community leaders. TIP Strategies will use both quantitative and qualitative analysis to support its findings and will recommend a set of best practices, based upon its observations in the field. The resulting plan will outline a set of strategic initiatives to expand existing industry and business sectors in Buda, recruit new businesses to the community, and encourage new commercial investment and development across the City. The plan will be supported by an implementation matrix that will outline the actions, priorities, and time frames needed to execute the recommendations effectively.


TIP Strategies has over 20 years of experience in economic development strategic planning, spanning over 300 engagements in 38 states and 4 countries. For more information on TIP, please visit: www.tipstrategies.com
 
In late September, TIP Strategies provided 3 DRAFT documents to the EDC Board, Steering Committee, City Council, and Community to Review. These documents can be downloaded below. If you'd like to provide input please contact Ann Miller at 512.295.2022 or ann@budaedc.com.