21-Point Business Plan for Progress
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Transcript of 21-Point Business Plan for Progress
21-Point Business Plan for Progress
Background
Economic Crisis• Retail• Business• Unemployment• Housing
foreclosures
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
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)
2) Recycling Market Development Zones (RMDZ) Business Outreach Implementation
• Implement program• Outreach campaign
Fiscal Impact• No New Net Costs
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)
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)
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
6) Westfield Expansion Partner Agreement
Implementation• Maximize retail
attraction efforts• Subsidize and expedite
Tenant Improvement permits
Fiscal Impact• $100,000 (Loss/Deferred
Revenue)
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
8) Incentives for Job-Producing Businesses
Implementation• Short-term permit fee
subsidization• Businesses would
qualify by meeting criteria
Fiscal Impact• $50,000 (General Fund)
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)
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)
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
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)
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)
14) Stimulus Dollars – Non-Infrastructure Projects
Implementation• Acquire funding
and develop action plan for implementation
Fiscal Impact• $3,230,770
(Secured Federal Funds)
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
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
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
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)
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)
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)
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