Internal Audit has released a new follow-up report covering operational changes made in response to the Audit of Economic Development: Recruitment & Expansion (PDF).
The City of Denton has adopted a new Economic Development strategic plan based on an economic ecosystem approach. This plan includes strategic growth areas which have been incorporated into the City's business recruitment marketing and incentive evaluation processes. However, reporting on the plan's implementation has recently been stalled due to staff turnover. In addition, the Economic Development Partnership has implemented a lead tracking system that has improved lead tracking and reporting capabilities. Similarly, the City has developed a formal business retention and expansion program and has used this lead system to record more detailed information about business assistance services provided.
Additional details can be found in the full Follow-Up Review of Economic Development: Recruitment & Expansion Audit (PDF) report.