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HomeMy WebLinkAboutItem 18City of San Luis Obispo Economic Development Strategic Plan Update 2015-2016 June 21, 2016 1 06-21-2016, Item 18 - Presentation Recommendation 1.Receive and file the Economic Development Strategic Plan Update 2015-2016 06-21-2016, Item 18 - Presentation Economic Development Strategic Plan (EDSP) Background Based on: Meaningful public engagement Comprehensive data gathering & analysis Focuses on: Creating a system that supports and sustains industries that create Head of Household jobs Head of Household job Income level > $50,000 Career ladder Education level and technical skill Employer sponsored benefits Stability Approved October 2012, Revised March 2015 06-21-2016, Item 18 - Presentation EDSP 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 06-21-2016, Item 18 - Presentation Break Down Barriers to Job Creation Processing (Strategies 1.1 and 1.2) Update Permit streamlining process Development Review Team (DRT) Internal Measurements Continuous Improvement Group (CIG) External Measurements Proactive approach (Pre- application, Quick response, Fast track, Pre-determinant schedule) Moving forward Continued process improvement CDD Organizational Changes Zoning regulations update 06-21-2016, Item 18 - Presentation Break Down Barriers to Job Creation (continued) Infrastructure and Fees (Strategies 1.3 to 1.9) Update Infrastructure Investment Capital Fund (IICF) Moving forward Infrastructure Investment Prioritization White paper AB 1600 Fee Review 06-21-2016, Item 18 - Presentation Actively Support Knowledge and Innovation Entrepreneurship (Strategy 2.1) Update HotHouse in 2015 17 New Businesses 123 Clients 64 Jobs $3.7 Million Capital raised Insight Studios Moving forward New HotHouse Facility Leveraging tourism County wide company database 06-21-2016, Item 18 - Presentation Actively Support Knowledge and Innovation (continued) Access to Broadband (Strategies 2.2- 2.3) Update Broadband Consortium, Pacific Coast (BCPC) Moving forward Implement Consortium City Cross Functional team 06-21-2016, Item 18 - Presentation Promote and Enhance the San Luis Obispo Quality of Life Tourism and Community Promotions (Strategies 3.1 and 3.4) Update $5.0 M in TOT (July 2015-March 2016) 6.3% Increase over prior period Visit California “Poppy” Award for Best Overall Marketing Campaign TBID/PCC support of 10 major events PCC grants-in-aid to over 25 local non-profits Over a dozen “Best of” lists TBID Booking Engine Moving forward Continue Implementation of the TBID’s Strategic Clarity Document PCC to Develop Strategic Plan and focus on SLO Happenings & Resident Quality of Life events 06-21-2016, Item 18 - Presentation Build on Existing Efforts & Strengthen Regional Partnerships Business Retention, Business Attraction, Business Support, and Support for Downtown (4.1-4.7) Update Business attraction Website/Viewbook Access to Employment Data Moving forward Continue to Improve Website 06-21-2016, Item 18 - Presentation Diablo Canyon Update Sent letter of support for SB 698 (Monning Bill) in April In discussions with EVC regarding joint efforts to evaluate local impact Expected some action/news due to State Lands Commission Meeting 6/28 PG&E Announced 2025 closure this morning 1500 Jobs/$920 Million in Annual Economic Benefit Next Steps Work with local stakeholders to develop plan Determine possible direct impacts to City 06-21-2016, Item 18 - Presentation Next Steps CDD Organizational Changes Zoning Regulations Update AB 1600 Fee Review TBID Strategic Clarity Execution PCC Strategic Plan Development Diablo Canyon Closure Planning Possible EDSP Update in 2017-2019 Budget Process 06-21-2016, Item 18 - Presentation Recommendation 1.Receive and file the annual Economic Development Strategic Plan update 2015-2016 06-21-2016, Item 18 - Presentation