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Founded in 1945, as e way for the region's business community and like-minded individuals to concentrate and coordinate their efforts, the Bay Area Council is widely respected by elected officials, policy makers and other civic leaders as the regional voice of business in the Bay Area. Today, more than 275 of the largest employers in the region support the Bay Area Council and offer their CEO ur top executive esemember. Accomplishments To-Date: In 2012, San Leandro staff made e presentation about Lit San Lea ndruet the Bay Area Cuunci I's U.S. — Chi neSnnert Cities Svnnpusiunn. Foreign Trade Zone Expansion — A foreign-trade zone /FTZ\ is e geographical area, in or adjacent to e nnejur seaport, where cunnnnercie| merchandise, both domestic and foreign receives the same customs treatment it vvuu|d if it were outside the commerce of the United States. Merchandise uf every description may be held in the Zone without being subject to Customs duties and other ad valorem taxes. This tax relief is designed to lower the costs of U.S.- based operations engaged in international trade and thereby create and retain the employment and investment opportunities that result from those operations. There are over 230 Foreign- Trade Zone projects and nearly 400 Subzunes in the United States Accomplishments To-Date: Presently, the City ufOakland is the grantee of foreign trade zone license that is managed by Matson Navigation. The (]ek|end Foreign Trade Zone is headquartered at 9401 San Leandro Street in Oakland. San Leandro staff is actively exploring options to create e subzune in San Leandro (which could be limited to as little as one company) ur participating inthe expansion uf the Oakland FTZtu include some ur all uf San Leandro. Support Economic Development Financing Legislation — With the demise of redevelopment in California, funding for economic development and infrastructure has become extremely limited on the |uce| level. Several bills have been introduced in the State Legislature tu provide new tools for financing these efforts. Accomplishments To-Date: Working with the League of California Cities and our representatives in the Legislature, San Leandro is working to monitor the progress of these bills. As bills move closer to adoption, staff will provide updates to the community and City Council, and the City may opt tu officially support some ufthem. ity of San Leandro I Economic Development Strategy and Work Plan I December 2013