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4B Presentation 2019 0903
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4B Presentation 2019 0903
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8/28/2019 6:49:54 PM
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CM City Clerk-City Council - Document Type
Agenda
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9/3/2019
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City of San Leandro <br />Meeting Date: September 3, 2019 <br />Staff Report <br />Agenda Section:File Number:19-453 PRESENTATIONS <br />Agenda Number:4.B. <br />TO:City Council <br />FROM:Jeff Kay <br />City Manager <br />BY:Tom Liao <br />Community Development Director <br />FINANCE REVIEW:Not Applicable <br />TITLE:San Leandro Opportunity Zone Dashboard Presentation <br />BACKGROUND <br />Staff recently completed an Opportunity Zone Dashboard (a central location for information) to <br />better track, analyze and promote its Opportunity Zone. Tonight, staff presents the online <br />Dashboard to the City Council and public. The Dashboard is on the City website at <br /><https://dashboards.mysidewalk.com/sanleandro>. <br />The Opportunity Zone incentive is a new community investment tool established by Congress in <br />the federal Tax Cuts and Jobs Act of 2017 to encourage long-term investments in low-income <br />urban and rural communities nationwide. Opportunity Zones provide a tax incentive for investors <br />to re-invest their unrealized capital gains into dedicated Opportunity Funds. <br />The City of San Leandro has one Opportunity Zone that geographically covers the area north of <br />Springlake Drive, west of Bayfair Center, south of East 14th Street, and east of Washington <br />Avenue. Investors can take advantage of the program in San Leandro by investing in eligible real <br />estate and business development projects located within the designated Opportunity Zone. <br />In order to provide investors with the most current demographics and statistics about the City of <br />San Leandro and the Opportunity Zone area, staff contracted with mySidewalk, a city intelligence <br />tool company that helps communities use visualized data to describe and create an Opportunity <br />Zone Dashboard that “tells the story” of the Zone. The mySidwalk dashboard platform includes: <br />·Access to U.S. Census and national datasets aggregated by the following categories: <br />economy, education, elections, health & wellness, housing, population & demographics, <br />transportation and environment; <br />·Local community data at the following geographic layers: state, county, zip code, <br />neighborhood, census tract, and census block group; <br />Page 1 City of San Leandro Printed on 8/28/2019 <br />13
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