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HomeMy WebLinkAboutCED Economic Development Strategic Plan PPTEconomic Development Strategic Plan Annual Update San Rafael City Council June 3, 2024 Economic Development Strategic Plan 2024 Tasks & Progress, by the Numbers Action Items by Year Action Item Status Year 1, 2 and Ongoing (18 Action Items) 2 7 9 1. Support Business / Development 2. Downtown Reimagination 3. Analyze Implementation of EIFD 4. Strengthen Local Partnerships 5. Attract High-Tech Industrial Uses 6. Outreach for Private and Business Development Opportunities 7. Workforce Development Programs Target Areas Marketing MaterialsTarget Area 1: Support Business Development Action Item 1.1: Business Attraction Program Front Inside Site Selection •Find the right location with a site selection and data analysis tool •Discuss and vet general concept and potential locations •Staff provide informal feedback on key goals or potential issues, identify specific technical studies that would be required for review Process Coordination •Coordinate staff review or preliminary plans before official submittal •Staff provides guidance to improve plans to speed up formal review Small Business Assistance •Technical support to answer questions and connect business owners to financial, workforce, and other resources in the community. Process SupportTarget Area 1: Support Business Development Action Item 1.1: Business Attraction Program San Rafael Prospector: Economic Development Available sites, buildings, demographics, businesses and GIS mapping (zoomprospector.com) Target Area 1: Support Business Development Action Item 1.3: Business Development Data Site Selection & Data Tool Target Area 2: Downtown Reimagining Action Item 2.2: Explore BID to PBID Conversion Property Based Improvement District Target Area 4: Strengthen Local Partnerships Action Item 4.5: Arts Programming Arts Programming Target Area 6: Outreach for Private/ Business Development Opportunities Action Item 6.4: Cannabis Businesses Opportunities Sector Convening: Cannabis Industry $- $100,000.00 $200,000.00 $300,000.00 $400,000.00 $500,000.00 $600,000.00 $700,000.00 2019 2020 2021 2022 2023 Cannabis Tax Revenue Cannabis Licenses by Type Allowed Awarded Active 2020 Active 2024 Distribution (State License Type 11) – 1% Tax 4 4 3 3 Infused Product Manufacturing (State License Type N) - 3% tax 10 6 4 3 Delivery (State License Type 9) - 4% tax 8 5 5 5 Testing Lab (State License Type 8) – 1% Tax 4 1 0 0 Total:26 16 12 11 Q&A. Thank you.