Economic Development Retail Sales Tax (EDRST)
In August 2006, the City of University City levied a one-quarter (1/4) percent sales tax on retail sales to be used for economic development purposes. This revenue is based on the amount of sales tax generated through point of sales within the City limits and fluctuates from year to year.
Through the EDRST, funds are being invested in University City programs and projects that encourage the physical and economic redevelopment of major corridors, improve infrastructure, support existing successful business districts, and enhance efforts toward business retention, expansion and attraction. The use of revenues generated by the tax are generally for project administration, land acquisition, infrastructure, water and wastewater treatment capacity, matching state or federal grants related to long-term economic development projects, marketing, training, equipment and infrastructure and other specified uses.
The general purpose of the Economic Development Retail Sales Tax (EDRST) Board is to serve as an advisory committee to the Mayor, City Council and City Staff on matters relating to the Local Option Economic Development Retail Sales Tax, and to perform such other duties as may be assigned by the City Council.
The EDRST Board will assist in facilitating the implementation of Economic Development related goals set forth in the Comprehensive Plan (including all updates), the Olive Boulevard Design Guidelines, and other planning documents and initiatives approved by the City Council. The Board pursues these goals by making recommendations to the Council for the use of the Economic Development Retail Sales Tax. The City’s strategic planning effort includes, but is not limited to, plans for a vibrant, economically healthy community and livable neighborhoods. The plans are also intended to ensure that the City is a center for business and tourism, and a destination for the appreciation of leisure, culture and history.
Each year, the EDRST Board recommends a list of projects to be funded with the EDRST. The recommendation is sent to the City Council as a part of the City budget. Projects are funded on a Fiscal Year, July to June.
Funding Priority Guidelines
The application period for EDRST Funds is now CLOSED. Questions can be directed to Libbey Tucker, Director of Economic Development, at email@example.com or 314-505-8533.
September Applications Under Consideration:iNeighborhoods Smart City/STEAM Initiative
H&B Supplies-Medical Supplies for Those in Need
Loop Special Business District Applications (held over from spring round)
Ambiance Lighting Kingsland to Limit
Painting Electric Boxes
Loop Special Events
Loop Visitors Guide
Mannequins on the Loop
Priority One Adult Day Care-New Day Care Facility
STORGE-Strength Based Therapeutic Education Workforce Development Program
WINCO Window-Automation Equipment Upgrade
EDRST Meetings and Information
The EDRST meets on an as needed basis.
Upcoming meetings are scheduled for:
>October 15, 2019 - 6 p.m. at the Heman Park Community Center - Discussion and Voting on Fall Round Funding Applications to recommend to City Council.
Agendas and packet information will be made available prior to those dates.
All Economic Development Retail Sales Tax Board meeting agendas, minutes, past quarterly reports can be found in the City's Public Documents.