Fate will be business-friendly and support efforts to give all residents the opportunity to be prosperous.

A fiscally responsible community is one that not only manages growth but also fosters a diverse and robust economic climate. Fate today is primarily a bedroom community, but as stated in the market analysis found within the Community Assessment Appendix, there is a lot of demand and momentum for more economic development opportunities for commercial and office uses moving forward.

The goals in this section are focused on promoting business recruitment and retention, diversity of development, and effective communication. In total there are 11 total strategies related to economic opportunity, three of which are considered high priority for implementation.

Completed
In-Progress
Future


S = Short-Term (1-3 years), M = Mid-Term (3-5 years), L = Long-Term (5+ years)
, O = Ongoing, strategies that should continue throughout the planning period

Goal EO-1

Promote a diverse and thriving economy through business recruitment, retention, and expansion.

Stage
Reference Number
Strategy
Type of Strategy
Timeframe
High Priority
Implementing Agency
In-Progess
EO-1.1
Promote Fate as a destination for business and retail development.
Policy
O
City Manager (Econ. Dev.)
In-Progess
EO-1.2
Target innovative and niche businesses to establish in Fate.
Policy
O
City Manager (Econ. Dev.)
Future
EO-1.3
Develop a streamlined process to facilitate opening a business in Fate for local entrepreneurs.
Operations
S
City Manager (Econ. Dev.)
Future
EO-1.4
Focus on implementing the strategies identified in the Regional Economic Development Strategic Plan.
Policy
O
City Manager (Econ. Dev.)
Future
EO-1.5
Support development of a communications program that keeps business owners informed of construction efforts as I-30 is expanded.
Operations
S
TxDOT

Goal EO-2

Encourage growth or commercial, retail, office, and light industrial uses to support the residential base.

Stage
Reference Number
Strategy
Type of Strategy
Timeframe
High Priority
Implementing Agency
Future
EO-2.1
Support development that maximizes “complete community” principles for people living and working in Fate.
Policy
S
Planning & Development
In-Progess
EO-2.2
Explore innovative development tools and resources that encourage diverse economic opportunities and support existing businesses.
Operations
S
City Manager (Econ. Dev.)
Future
EO-2.3
Provide quality places for employees to live and retail and entertainment options to become regionally competitive.
Policy
L
City Manager (Econ. Dev.)

Goal EO-3

Ensure effective communication with developers regarding regulatory requirements and implementing the vision of the community.

Stage
Reference Number
Strategy
Type of Strategy
Timeframe
High Priority
Implementing Agency
Future
EO-3.1
Develop policies, programs, and projects that clearly communicate the community vision with future developers.
Policy
O
Planning & Development
In-Progess
EO-3.2
Continue to communicate with landowners and developers to achieve the visions developed in the focus area plans.
Operations
O
Planning & Development
Future
EO-3.3
Create strategies for developing or redeveloping vacant and underutilized properties in a manner that is more productive.
Policy
L
Planning & Development