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Status Report on Implementation of the City of Alameda's COVID-19 Economic Recovery Plan
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To: Members of the Mayor's Economic Development Advisory Panel
EXECUTIVE SUMMARY
In July 2018, the City Council adopted the Economic Development Strategic Plan (EDSP). The final EDSP, as well as the background report, can be found at this link: https://www.alamedaca.gov/Departments/Community-Development/Economic-Development/EDSP.
Since the onset of the pandemic, staff, the Economic Development Advisory Panel (EDAP), and City Council have worked on a number of initiatives to diminish the impact of the crisis in Alameda. At its May 14, 2020 meeting, EDAP recommended that City staff form a COVID-19 Economic Recovery Task Force (Task Force), to create a short- to mid-term strategy for economic recovery in Alameda. This resulted in the creation of the Economic Recovery Plan (ERP) that supplements the EDSP by specifically addressing the effects of COVID-19 pandemic on Alameda's economy. The ERP can be found at this link: https://www.alamedaca.gov/Departments/Community-Development/COVID-19-Economic-Recovery-Task-Force.
The ERP sets forth additional strategies to further mitigate impacts from the pandemic. EDAP reviewed the progress of the ERP at its March 1, 2021 and June 22, 2022 meetings. While California's COVID-19 State of Emergency officially ended on February 28, 2023, the pandemic's effects on the local economy have been long lasting at the retail and corporate levels.
This report is to provide EDAP with the current status of implementing the ERP. It summarizes some of the short-term strategies implemented during the height of the pandemic as well as the mid-tem initiatives currently underway. This item is for informational purposes only; no action is recommended.
BACKGROUND
The global COVID-19 pandemic prompted widespread public health and shelter-in-place restrictions, resulting in a sudden economic recession with unprecedented increases in unemplo...
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