The Administration recommends adoption of the Economic Development Action Plan. Background The first Economic Development Strategic Plan was finalized in 2015 to guide the activities of the newly established Economic Development Department. Since that time, the City-wide Strategic Plan included guidance for economic vitality and the pandemic impacted the types of services needed to support businesses. This update of the Economic Development Action Plan recognizes the need to reexamine the current conditions and to set mid-term goals as the full impacts of pandemic changes have not settled completely at this time.
The Administration recommends that the Council Committee: • Approve the final draft calendar presented for 2024 and recommend for City Council approval. • Instruct staff to formally revisit this calendar with the Equity Board every four years for formal updates to the calendar.
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