Reso 2013-159 - Laserfiche WebLink

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