Economic Development

The Economic Development Department focuses on fostering private and public sector investment within the City. The Economic Development team is responsible for:
  • Business attraction, retention and expansion efforts
  • Marketing and promotion
  • Increasing the City's workforce and senior housing stock
  • Improving the quality-of-life via an array of services intended to support these goals

Among its responsibilities, the Economic Development Department directs and oversees the City's real estate functions including:
  • Acquisitions, disposition and leasing
  • Developing and administering Downpayment Assistance Program (DAP), the HOME programs, and the Housing Rehabilitation and Sewer Connection Program (HRLP-SCP).
  • Revolving Loan Fund (EDRLF). The EDRLF is funded by HUD Section 108, and its capitalization is used to support the growth and development of small business within the City
  • Formulating and implementing innovative, new incentive programs
  • Orchestrating affordable housing development
  • Facilitating the creation of new, living-wage jobs
  • Grant writing, infrastructure development, workforce development and other initiatives set forth in the Agency Redevelopment Plans.