City economic development staff presented a new draft of the Chapter 380 economic development incentives policy July 3 that incorporates priorities from the city's recent economic recovery strategic plan. The draft outlines eligibility categories (quality jobs, business type, capital‑intensive projects and existing homegrown businesses), suggested minimum investment thresholds, and proposed incentive levels (property‑tax rebates and other performance‑based incentives).

Key points from staff: Jose Quinones (Economic Recovery) told council the policy is intended to be a living document aligned with the city's strategic goals (retail, tourism, transportation/warehousing, manufacturing and construction). The draft sets minimum investment thresholds for many incentive tiers (for example, $250,000 for certain business types and higher thresholds for major capital projects) and ties incentive levels to job quality and wages. It also highlighted that the policy would remain flexible and could be adjusted over time.

Council action: Before any final approval, council voted to go into executive session to consult with the city attorney on legal and contract considerations. No final ordinance or incentive agreement was adopted at the public meeting.

Next steps: Council will consult with legal staff in closed session and may return at a future public meeting with recommended revisions or an action item for adoption.