New Economic Development Policy & Incentives Policy
On January 25, 2023, the City Council unanimously approved an amended City of Dallas Economic Development Policy and approved a new Economic Development Incentive Policy. Both policies take effect immediately. The Economic Development Policy provides a new approach to economic development by proactively addressing economic inequalities and outcomes in historically underserved areas through policy, public investment and partnership. The policy aligns with the City’s Racial Equity Plan and gives staff specific goals and practices to address disparities that have kept some areas from equitable economic development. For more information about incentives, please visit our incentive page.
Economic Development Corporation (EDC)
The May 2021 Economic Development Policy recommended the formation of the EDC to showcase all that the City of Dallas has to offer and to promote and boost Economic Development and vitality. One of the early actions from the initial policy approval was the creation of a new Economic Development Corporation.