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2 City of San Leandro | Economic Development Initiatives and Work Plan | December 2013 <br /> <br /> The elimination of the City’s Redevelopment Agency, which will ultimately result in a <br />loss of over $10 million in annual revenue for economic development programs and <br />severely limit the City’s ability to make large-scale infrastructure improvements. <br /> The implementation of Lit San Leandro, a groundbreaking public/private partnership <br />that is providing ultra-high-speed fiber optic communications to businesses in San <br />Leandro. Lit San Leandro gives the City an extremely valuable competitive advantage for <br />modernizing traditional industrial activities, retaining and growing existing San Leandro <br />businesses, and recruiting innovative, high-tech businesses. <br />The challenges have forced the City to adapt our ways of doing business, while the TOD <br />Strategy and Lit San Leandro have created a multitude of opportunitie s and great optimism in <br />San Leandro. Several planned or in-progress projects have the potential to bring about <br />immense positive economic change. An organized approach to advancing these projects and <br />continuing to provide excellent day-to-day service to the business community will help San <br />Leandro take maximum advantages of these opportunities. <br />This work plan is intended to inventory and categorize ongoing and planned economic <br />development projects and programs in San Leandro. Many of these projects are likely to change <br />and evolve over time. Therefore, this document is in many ways a snapshot of our current <br />environment and will evolve over time. <br />For the sake of organization, economic development activities are categ orized into one of nine <br />initiatives. In reality, programs and projects overlap and generally further more than one <br />objective. The main initiatives are as follows: <br />1. Support and Retention of Existing Businesses <br />2. Marketing and Business Attraction <br />3. Completion of Strategic Development Projects <br />4. Downtown San Leandro <br />5. Development of Infrastructure Critical to Business Activity <br />6. Lit San Leandro and Broadband <br />7. Development of a Healthy Tech and Innovation Ecosystem <br />8. Regional Coordination and Policy Development <br />9. Successful Completion of Redevelopment Agency Unwinding <br />Initiatives are developed to fulfill both Council goals and the adopted San Leandro Economic <br />Development Strategy goals. Maximizing staff resources and available external partnerships is <br />integral to the successful implementation of the work plan. San Leandro will compete <br />successfully in the marketplace for investment and business activity by working to ensure that it <br />has: