Comprehensive economic development plan.
Richmond, Va., City Code § 2-1845
in effectSec. 2-1845. - Comprehensive economic development plan.
There shall be a comprehensive economic development plan. The comprehensive economic development plan shall be consistent with the master plan and the economic growth areas incorporated therein, developed with public input, and effective as of the date on which the City Council adopts a resolution approving it. The comprehensive economic development plan shall be submitted for approval to the City Council no later than December 31 of the fourth fiscal year covered by the previous comprehensive economic development plan and shall apply to a period of five fiscal years beginning on the second July 1 following the deadline for its submission to the City Council. The comprehensive economic development plan shall do all of the following:
(1) Identify targeted industry clusters.
(2) Set forth recommended project review criteria.
(3) Recommend a policy for developing potential incentive packages.
(4) Identify potential economic growth areas for designation as such in the master plan.
(5) Set forth a marketing plan for the complete execution and implementation of the comprehensive economic development plan designed to do all of the following:
a. Achieve the goals and priorities of the comprehensive economic development plan.
b. Attract new development to the City.
c. Give highest priority to the economic growth areas designated in the master plan and to the targeted industry clusters identified in the comprehensive economic development plan.
(Code 2015, § 2-1373; Code 2020, § 2-1373; Ord. No. 2016-090, § 2, 3-28-2016)
Source: City of Richmond, Virginia, Code (2026 recodification) and Charter (Municode Library, library.municode.com)URL: https://library.municode.com/va/richmond/codes/code_of_ordinances?nodeId=PTIICICO_CH2AD_ARTVIIIDEPL_DIV1GE_S2-1845COECDEPLFetched: 11/8/2026