Wednesday, June 7, 2017

Consultants considered for city economic development

Claire Kowalick, Times Record News

Wichita Falls is checking off another item on their “to-do” list by gathering a team to explore increased economic development for the area.

Two resolutions are under consideration at the Wichita Falls City Council meeting Tuesday to approve funding for a comprehensive economic development strategy from Market Street Services Inc. The cost of the study will be split 50/50 between the Wichita Falls Economic Development Corporation (4A) and the 4B Sales Tax Corp., or $91,750 from each group.

At a goal development meeting earlier this year, the council chose “accelerating economic growth” as one of their top goals. The council urged the 4A and 4B boards to work collectively on an economic strategy for the city. Chamber of Commerce President and CEO Henry Florsheim began the process, thoroughly investigating more than 20 firms to guide the process. The group was narrowed to four, then two, and finally Market Street and its CEO Mac Holladay were chosen.

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