Dallas adopts new economic development policies

Photo credit RoschetzkyIstockPhoto/GettyImages

The Dallas City Council has adopted new economic development policies. City officials say the goal is to promote economic equity.

"This Economic Development Policy is an overarching, strategic plan that is right in line with the City’s Racial Equity Plan and gives us specific goals and practices to address the economic disparities that have plagued southern Dallas for far too long," said Dallas City Council Member Tennell Atkins.

City officials say the new policy will promote real estate development and job creation in traditionally underserved areas by offering a simplified process. It will also streamline the process for smaller developers,

"We want to create more offices for growth and development, corporate relocations for southern Dallas in particular," said Council Member Casey Thomas. "If we have one corporation, just one, relocate in southern Dallas - it will be a game-changer."

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Featured Image Photo Credit: RoschetzkyIstockPhoto/GettyImages