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Transcript of 21-Point Business Plan for Progress. Background Economic Crisis Retail Business Unemployment Housing...
![Page 1: 21-Point Business Plan for Progress. Background Economic Crisis Retail Business Unemployment Housing foreclosures.](https://reader036.fdocuments.in/reader036/viewer/2022070415/56649da85503460f94a94865/html5/thumbnails/1.jpg)
21-Point Business Plan for Progress
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Background
Economic Crisis• Retail• Business• Unemployment• Housing
foreclosures
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Goals• Enhance partnerships• Create high quality jobs• Increase retail spending• Attract external dollars• Capitalize on the momentum of our
successes• Aggressively pursue and quickly
implement federal stimulus dollars
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1) Enterprise Zone MarketingImplementation• Direct outreach to
local businesses• Market and
Outreach campaign• Increase number of
businesses utilizing Enterprise Zone
Fiscal Impact• $50,000 (General
Fund)
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2) Recycling Market Development Zones (RMDZ) Business Outreach Implementation
• Implement program• Outreach campaign
Fiscal Impact• No New Net Costs
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3) Think Santa Clarita ValleyImplementation• Create major campaign
through partnerships• Promote to consumers and
B2Bs in community• Promote to greater LA-area
to attract external dollars and business
• Fiscal Impact• $250,000 (General Fund)
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4) Film Incentive ProgramImplementation• Incentivize film permits for
productions based in local studios
• Rebate half of TOT generated from film stays
• Explore cost reductions for safety personnel
Fiscal Impact• $150,000 (General Fund)• $50,000 (Loss of TOT revenue)
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5) SBDC Program for Business
Implementation• Provide micro grants/loans to
small businesses contingent on using SBDC services
Fiscal Impact• $100,000 of allocated
$300,000 CDBG funds
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6) Westfield Expansion Partner Agreement
Implementation• Maximize retail
attraction efforts• Subsidize and expedite
Tenant Improvement permits
Fiscal Impact• $100,000 (Loss/Deferred
Revenue)
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7) Development ProcessImplementation• Streamline permitting process• Allow electronic plan/permit
submittal• Development One-Stop
Fiscal Impact• $300,000 – One-Stop (General
Fund/Budgeted) • $200,000 – Computer Replacement Fund
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8) Incentives for Job-Producing Businesses
Implementation• Short-term permit fee
subsidization• Businesses would
qualify by meeting criteria
Fiscal Impact• $50,000 (General Fund)
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9) Event SponsorshipImplementation• Create opportunities
for business to market themselves through City events at little to no cost this year, with costs in future years
Fiscal Impact• TBD (Loss of Revenue)
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10) Re-Allocate Staff to Economic DevelopmentImplementation• Reallocate staff from divisions with
reduced workloads to the Economic Development Division
Fiscal Impact• $250,000 (Redistribution of Staff)
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11) WorkSource CenterImplementation• Maximize benefit to
business community• Create alignment with
College of the Canyons• Advocate for a North
Los Angeles Workforce Investment Board
Fiscal Impact• No New Net Costs
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12) Business District ImprovementsImplementation• Directional signage to Westfield Valencia
Town Center and the Valencia Auto Center• Implement streetscape improvements along
Creekside
Fiscal Impact• $2,000,000 (LMD)
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13) Stimulus Dollars – Infrastructure ProjectsImplementation• Pursue, obtain and spend federal dollars• Maximize benefits of projects through
job creation and long term infrastructure
Fiscal Impact• $10,300,514 (Secured Federal Funds)
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14) Stimulus Dollars – Non-Infrastructure Projects
Implementation• Acquire funding
and develop action plan for implementation
Fiscal Impact• $3,230,770
(Secured Federal Funds)
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Implementation• Form partnership with the
Chamber of Commerce, VIA, COC and additional agencies to explore the formation
• Identify responsibilities of the EDC
Fiscal Impact• TBD
15) Economic Development Corporation
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Implementation
•Increase Local Preference from 5% to 10%
•Work with other agencies to implement similar programs
Fiscal Impact
•No Net Costs
16) City Purchasing Local Incentive
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17) Hotel Business Improvement District (BID)Implementation • Work with hotel owners to implement
increase in visitor tax assessment of 2% (from 10% to 12%)
• Utilize funds to attract visitors and high economic impact events
Fiscal Impact • $400,000 (New Revenue)• Formation expenses TBD
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18) Old Town Newhall FacadeImplementation• Create and utilize matching grants and/or
loans for qualifying businesses to re-facade
• Encourage businesses to improve storefronts
Fiscal Impacts• $150,000 (CDBG-RDA)
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19) Use Tax Incentive for Business ExpansionImplementation• Incentivize
business expansion and investment
• Increase Use Tax revenue to City
Fiscal Impact• TBD (Loss of New
Revenue)
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20) Neighborhood Stabilization ProgramImplementation• Stabilize neighborhoods affected by the
housing and foreclosure crisis• Assist in redevelopment efforts for
residential and commercial properties
Fiscal Impact• $1,187, 003 (NSP Funds)
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21) One Valley, One Vision – Economic Development Element
Implementation• Collaborate with business and community
partners• Develop plan for long-term sustainability for
the quality of life and economic stability of Santa Clarita
Fiscal Impact• No New Net Costs