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HomeMy WebLinkAbout06-21-2016 Item 18 Economic Development Strategic Plan Update 2015-2016Meeting Date: 6/21/2016 FROM: Derek Johnson, Assistant City Manager Prepared By: Lee Johnson, Economic Development Manager Molly Cano, Tourism Manager SUBJECT: ECONOMIC DEVELOPMENT STRATEGIC PLAN UPDATE 2015-2016 RECOMMENDATION Receive and file the Economic Development Strategic Plan Update. DISCUSSION Background On October 16, 2012, the City Council approved the adoption of the Economic Development Strategic Plan (EDSP). The EDSP focuses on creating a system that supports and sustains industries creating head of household jobs. The EDSP continues to be organized into four overarching strategies: 1.Break Down Barriers to Job Creation 2.Actively Support Knowledge & Innovation 3.Promote and Enhance the San Luis Obispo Quality of Life 4.Build on Existing Efforts and Strengthen Regional Partnerships Each strategy has an underlying list of actions, metrics and outcomes that contribute to achieving the goals of the strategic plan. While the EDSP is managed by the Economic Development Program, the actions are cross-departmental and require the support and cooperation of many people in the City organization and partner organizations. The remainder of the update focuses on each of the overarching strategies, the status of each strategy and the focus for the next 12 months. The EDSP and Appendix A: Background Report can be found on-line at www.slocity.org. Break Down Barriers to Job Creation The first overarching strategy is breaking down the barriers to job creation. The primary actions are grouped into two sub-areas, (1) Processing, and (2) Infrastructure and Fees. 1.Processing (Strategies 1.1 and 1.2) A. Update. All processing strategies are considered to be ongoing and progress has been made in key areas. The Development Review Team (DRT) continues to evolve to ensure a consistent and expedient approach across all departments involved in the development 18 Packet Pg. 276 review process. The DRT now has an internal, automated tracking solution to determine which projects are on schedule and to measure progress over time. Over the last six months, the number of projects behind schedule has moved from a high of over 50% to less than 20%. The improvement is attributable to a combination of more resources, increased visibility, ease of access and improved data quality. The Continuous Improvement Group (CIG) ensures that there is cross-department and cross-functional input, action and alignment with the improvement process. The initial work on external performance measurements that align with the financial plan has been completed and the automation of the measurements is in final testing. These performance measures will soon be reported as part of the mid-year annual report and reviewed with the City Manager and other staff on at regular intervals. The City continues to use various proactive approaches like pre-application meetings, quick response teams, fast track permitting and pre-determinant scheduling to ensure that major projects can move forward as quickly as possible. B. Moving forward. The Community Development Department (CDD) is in the process of rolling out organizational changes that will contribute to continued improvement in our entitlement and permitting processes. These changes include increased counter hours, a one-stop shop and a dedicated Customer Service Team (CST). The focus of the CIG will be will be to continue to identify opportunities for improvement in the permitting process and to support the CDD organizational changes. Staff will continue to use creative, proactive approaches to streamline the current process while work continues on the long- term changes. Once the CIG group has implemented the process changes that improve the timing and efficiency of permit processing within the existing policy framework, the group will work to identify any policy changes that would require Council consideration and approval that could further streamline the review process. The zoning update planned for the 2016-17 work program has the potential to significantly address concerns about process issues and to streamline the permit process and directly impact future economic development while also increasing the quality of development projects. 2.Infrastructure and Fees (Strategies 1.3 to 1.9) A. Update. Following the infrastructure study sessions in March of 2014, Council directed staff to develop prioritized list of infrastructure projects for the City to invest in from an Economic Development and Quality of Life perspective. That initiative evolved into the Infrastructure Investment Capital Fund (IICF) and Infrastructure Investment Capital Improvement Project (IICIP) which Council Approved in March of 2015. B. Moving forward. In conjunction with the Community Development Department and Public Works, a white paper outlining the City’s infrastructure funding process as well as 18 Packet Pg. 277 the basics of prioritization is under review and will be circulated when complete. The proposed review and update of the AB1600 fees during the 2016-17 work program will have major implications for the City in the long term. Actively Support Knowledge and Innovation Focusing on businesses and infrastructure that rely on knowledge and innovation is a critical aspect of the EDSP (Strategies 2.1 through 2.3). Given the unique aspects of San Luis Obispo, this strategy was split into the two subareas of Entrepreneurship and Access to Broadband. Strategy 2.1 includes items that are short term and ongoing. 1.Entrepreneurship (Strategy 2.1) A. Update. The Economic Development Program is actively working with our partners to promote an environment that supports entrepreneurship and start-ups. The City continues to support the SLO HotHouse financially and professionally. In 2015, the HotHouse started 17 new businesses, counseled 123 clients, created 64 jobs and had an overall investment in the companies of more than $3.7 million. The City is a sponsor of the Chamber’s Insight Studios program. The program consists of an out of the area business trip, workshops, a leadership event and the World of Business Forum in New York. The City supports the SLO MakerSpace that acts as an incubator for “hands on” businesses that require access to equipment such as metal working machines, wood working tools and 3-D printers. The City also sponsors SCORE to help local small businesses to start and grow. B. Moving forward. The City will continue to work productively with its partners in 2016- 17.Some key ideas to continue to explore are: how to continue to grow the City’s entrepreneurial culture, how to develop more co-working opportunities, how to leverage our diverse tourism marketing efforts to attract existing and potential entrepreneurs to the City, and how to continue to build the database of local companies at the County level to increase interaction between organizations and help attract companies and individuals to the area. 2.Access to Broadband (Strategies 2.2- 2.3) A. Update. The City has been working with a Tri-County consortium through the Economic Vitality Corporation (EVC) to develop a broadband road map that can be used by the various jurisdictions to develop their own broadband roadmaps (strategy 2.3). The first draft of the road map has been completed and is under review. B. Moving forward. Once the work of the consortium has been further developed, the City will consider transitioning the Ad Hoc committees that have worked on specific issues in the past into a full time committee (Strategy 2.2). The City is also working with the Downtown Association to investigate options for Wi-Fi in the downtown area. 18 Packet Pg. 278 Promote and Enhance the San Luis Obispo Quality of Life The EDSP recognizes that the same quality of life attributes that make San Luis Obispo such a great place to live also attract tourists and new and expanding businesses. The Tourism Manager, who oversees the City’s Community Promotions program, is part of the economic development team. Community Promotions is now fully integrated into the City’s economic development efforts to ensure a comprehensive approach to quality of life activities supported by the City. Strategies 3.1 and 3.4 are short term and ongoing, all other actions are medium or long term. 1.Tourism and Community Promotions (Strategies 3.1 and 3.4) A. Update. From July 2015 through March 2016, the hotel industry continued to expand and grow. The City collected just over $5 million in transient occupancy tax (TOT), which represents a 6.3% average increase in collection compared to the previous year. While the growth rate has slowed compared to the unprecedented 2014-15 fiscal year, overall the lodging properties have returned to steady occupancy rates that met or exceeded business prior to the recession. Much of this success can be credited to a coordinated and focused strategic tourism efforts lead by the City’s Tourism Business Improvement (TBID) district and laid out through the TBID’s 5-year strategic clarity document. In 2015-16 the TBID executed a multi-faceted tourism campaign which included the following elements: a.A complete redesign of the City’s tourism website SanLuisObispoVacations.com which included the full integration of the #ShareSLO campaign into the site and the customized booking system called Helium, b.Expanded the compelling and award-winning advertising campaign for use in print, digital and email marketing outreach, developed tourism promotion assets including video and photography, strengthened the #ShareSLO outward facing social media campaign on Instagram, Facebook, and Twitter, c.Attended more than a dozen events and tradeshows to promote the SLO brand, and extended the tourism advertising reach into new markets like San Diego. Additionally, the TBID constituency expanded to include the City permitted homestay properties. The Promotional Coordinating Committee (PCC) continued the commitment to enhance the San Luis Obispo experience for residents as well as visitors. The PCC funded vital promotional grants to over 25 local non-profit organizations through the annual grants-in- aid process in an effort to enrich the social, cultural, and diverse community events and activities available throughout the City. To support these activities as well as all events in the City, the PCC enhanced the smart phone app created last year, called SLO Happenings, to serve as the community go-to resource for all of the happenings in San Luis Obispo. Additionally, the PCC provided financial and program support to boost the visitor service offerings in the City through the funding of programs like the tear-off city maps for visitors and financial contribution to the operational costs for the downtown Visitors Center. Together the TBID and PCC supported 10 major events within the City and streamlined the application and review process. Events serve a dual purpose: they are 18 Packet Pg. 279 enjoyed by residents and attract visitors to our community. Additionally, In 2015-16 the City also hosted more than 45 media outlets, travel writers and bloggers, facilitating articles, feature stories and videos showcasing the Central Coast as more than a one-night stopover. This effort resulted in hundreds of prominent placements in publications including The New York Times, Los Angeles Times, Sunset Magazine and Travel+Leisure, among others, recognizing SLO as a destination. Through the commitment of the TBID and PCC, San Luis Obispo topped over a dozen “Best Of” lists in 2015-16 including: Best Places for Women Entrepreneurs; 2015 Best-Performing Cities; Best Commuter Cities in California; 100 Best Places To Live. B. Moving forward. The TBID will continue the implementation of the Strategic Clarity Document. Major areas of focus include: expansion of strategic partnerships to maximize promotional opportunities, development and participation in tourism sales efforts, and enhancement of the SLO tourism brand to drive awareness of the area. The PCC will be focusing on defining the role of the PCC and its programs through a strategic planning process, and further developing the SLO Happenings program to drive awareness of events in the community. Build on Existing Efforts and Strengthen Regional Partnerships The City’s regional partnerships are critical to our economic development as a City. These partnerships allow the City to build, retain and attract businesses. At this time, the primary partnerships include: (in alphabetical order); Cal Poly, Chamber of Commerce, Central Coast Economic Forecast (CCEF), Cuesta College, California Central Coast Research Partnership (C3RP), Downtown Association, Economic Vitality Corporation (EVC), San Luis Obispo County and the SLO HotHouse. Strategies 4.1 through 4.7 cover four topics: Business Retention, Business Attraction, Business Support, and Support for Downtown. Strategies 4.3, 4.6, and 4.7 are identified as ongoing. A. Update. Relationships with the primary partners (Strategy 4.1 & 4.2) continue to be strong. Some highlights include: increased focus with the Chamber on specific business attraction opportunities; coordination with the EVC on airport expansion and broadband strategies; coordination with the Chamber, CCEF and SLOCOG on data development; participation with and presentations to committees at the Chamber, the Downtown Association and the EVC. The City also participates in the Cal Poly President's Cabinet Ad Hoc Economic Development Committee. The City’s updated website has proven to be extremely helpful to the business community and continues to be enhanced to provide a valuable resource for doing business in the City. The process of refining an economic development dashboard (Strategies 4.3 & 4.4) to help assess the impact of our activities as well as quantify the economic health of the City will continue in coordination with the City efforts to develop a dashboard showing metrics from all City departments. The City’s Economic Development Team has gained access to confidential employment data for the City of San Luis Obispo. The access to 18 Packet Pg. 280 this data for every establishment enrolled in the State’s Unemployment Insurance Program (Strategy 4.3 & 4.4) creates visibility to more granular and specific information about the job market in the City of San Luis Obispo. B. Moving forward. Cooperation with the regional partners will form the basis for external activities in the coming year. Staff will continue to focus on the core economic development functions of business building, business retention and business attraction. In addition to the expansion of the ongoing initiatives, staff will focus on coordinating efforts to provide access to information for current and potential businesses through multiple channels with particular focus on continuing to improve our web presence (Strategy 4.1). Staff continues to support the Downtown Association efforts as well as working on projects in the downtown. FISCAL IMPACT The Economic Development Program continues to operate within budget and there is no direct fiscal impact as a result of this report. Attachments: a - Council Reading File - Economic Development Strategic Plan 18 Packet Pg. 281