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File #: 2018-5613   
Type: Consent Calendar Item
Body: Planning Board
On agenda: 5/29/2018
Title: Recommendation for the Planning Board to Review and Endorse the Economic Development Strategic Plan (EDSP)
Attachments: 1. Exhibit 1 Draft Economic Development Strategic Plan, 2. Exhibit 2 Draft EDSP Background Report
Title

Recommendation for the Planning Board to Review and Endorse the Economic Development Strategic Plan (EDSP)

Body

To: Honorable President and
Members of the Planning Board

From: Lois RP Butler, Economic Development Manager

Re: Recommendation for the Planning Board to Review and Endorse the Economic Development Strategic Plan (EDSP)

BACKGROUND

The City of Alameda contracted with Strategic Economics to help prepare a citywide Economic Development Strategic Plan (EDSP), which is the long-term (five to ten years) roadmap for business attraction, retention, and workforce development activities. The EDSP identifies specific goals, strategies, and actions necessary to create, support and attract businesses and jobs, diversify the local economy, and maintain fiscal health.

The draft EDSP was presented to the Planning Board for its review and comment at its March 26, 2018 meeting. Based on comments received, staff and Strategic Economics have revised the draft EDSP. The revised draft EDSP is being presented tonight to the Planning Board for its endorsement.

The revised draft EDSP, incorporating the Planning Board's comments was well as public comments received, and its Background Report, are attached as Exhibits 1 and 2. This document will replace the previous EDSP, which was originally prepared in 2001, and revised in January 2008.

DISCUSSION

Based on the comments the Planning Board provided at its March 28, 2018 meeting, staff and Strategic Economics reorganized the draft EDSP into ten priority areas, containing the following six business sectors and four critical services to support Alameda's economic resiliency:

Business Sectors
1. Life Sciences Industry
2. Clean Tech, Green Tech, High Tech
3. Blue Tech and Maritime
4. Retail and Restaurants
5. Tourism/Hospitality
6. Artists and Small Manufacturers
Critical Services
1. Transportation Choices
2. Housing
3. Workforce Development
4. City Services and Policy Documents

In addition to line-b...

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