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HomeMy WebLinkAbout7377 RESOLUTION NO. 7377 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF REDLANDS ADOPTING THE 2014 REDLANDS ECONOMIC DEVELOPMENT ACTION PLAN BE IT RESOLVED,by the City Council of the City of Redlands as follows: Section 1. The 2014 Redlands Economic Development Action Plan attached hereto as Exhibit"A"is hereby adopted by the City Council. ADOPTED, SIGNED AND APPROVED this 6th day of May, 2014. Paul Foster, Mayor Pro Tempore ATTEST: tam iria, City Clerk I l:\cclerk\Resolmions\Res 7300-7399\7377 2014 Economic Development Action Plan.docx I, Sam Irwin, City Clerk of the City of Redlands, hereby certify that the foregoing resolution was duly adopted by the City Council at a regular meeting thereof held on the 6th day of May, 2014 by the following vote: AYES: Councilmembers Foster, Gardner, Gilbreath NOES: None ABSENT: None ABSTAIN: Councilmember Harrison; Mayor Aguilar Sam Irwin, City Clerk 2 l:\cclerk\Resolmions\Res 7300-7399\7377 2014 Economic Development Action Plan.docx EXHIBIT "A" TO RESOLUTION NO. 7377 2014/15 ECONOMIC DEVELOPMENT ACTION PLAN CITY OF RE [& DS ECONOMIC DEVELOPMENT ACTION PLAN ��\ «< . . y . , § ( § ; : The City of RedlandsEconomic Developmento n Plan identifies economic cle m6( mf focus areas @ strategies, and provides on overview of implementation &Q « a support of these d2 .e ® < . X:A : y q/That A ks" 2014/2015 Economic Development Action Plan Focus-Strategy_Implementation_Evaluation C 413 n tee n i� Introduction...............................................................................................................................................................................3 BusimemmAtfraction [ One...................................................................................................................................................4 Restaurantand Retail Sector- l] ...................................................................................................................................4 Industrial and Manufacturing Sector- l.2......................................................................................................................6 Officeand Technology Sector- l.3.................................................................................................................................8 BusknmmmRetention and ExpcwwUom j "I'w'ro....................................................................................................................ll Data Intelligence and Business Outreck-2.l _-----'--.—__.-------_—_.--_.| l Supportand Resources-2.2...........................................................................................................................................l | Acknowledgement and Recognition-2.3......................................................................................................................l2 Workforce Dewelopnnerd, I Three.....................................................................................................................................l3 RegionalCollaboration-3] ...........................................................................................................................................l3 IndustryNeeds Assessment-2.2.....................................................................................................................................l3 TechnologyIncubators-3.3.............................................................................................................................................l3 Marketingmn�,d Touprimmm i Four.........................................................................................................................................l4 Collateral Development and Data Collection-4.l ....................................................................................................l4 Enhancement ofDowntown Business Environment-4.2...............................................................................................lS Citywide Venue/Event Marketing -4.3.........................................................................................................................l5 SpecialProjects i Five........................................................................................................................................................l6 Conclusion...............................................................................................................................................................................l6 Tables Table [ Redlands' Retail Vacancy Rcfe-...-----_-- .......-------- ............... --- .................. ......--4 Table 2. Redlands' Retail Demand Foreroa _----.---_......... --. ...................................................... ___,..5 Table 3. Redlands' Industrial Vacancy 0afe.....-........-..-..~-_..........._-_ .............^~......—.......^_.^~~_-...—.6 Table 4' Redlands' Industrial Demond6zrecost..........................._..._.__...._.._............. .~.-..............................7 Table5` Redlands' Office Vacancy 8ohm.....-............... ._................. ......................... .....-........... ........................lO Table 6. Redlands' Office Demand Forecast-..'......-........... ......-----.~.........................................---...---lO Table 7' Economic Development Action Plan Activity Matrix-.----- .................. -----.--................... _.)7 0i Page 2014V2015 Economic Development Action Plan Fwcus—Strategy—Implementation—Evaluati"n ���������°� ��N��������������� � ��°���� ���W�� Economic~_ �_ _- , _~~.~ �~...~_ . Action Plan FOCUS — STRATEGY ­ IMPLEMENTA"T# ON ~ EVALUATIOINI INTRODUCTION For 125 years, the City of Redlands has been known as o community that celebrates its post and embraces its future. Early on, agriculture prospered during the citrus era and is still o productive industry today. However, Redlands has diversified and expanded its economy over the years, developing o sustainable environment for its residents and businesses. Community leaders have consistently set high standards for housing, business, education and recreation, earning the City o reputation as o cultural, educational and economic leader in the western portion (east valley market area) of Son Bernardino County. Like many communities, Redlands has faced its share of economic challenges and continues to see shifts in its business environment. However, the longevity of many businesses in the community — some 25, 5O, 75 years and more—ore o testament to the City's quality, sustainability and supportive business environment. Toensure continued growth and expansion, the Economic Development Division is committed to identifying and attracting new 6odneo investment recognizing and supporting the community's current 6odneo base and collaborating with its public/private partners toencourage the ongoing development of o skilled, educated and 2lmcentury-ready workforce. In 2014, the Economic Development Division will begin focusing its efforts on specific strategic o/eo4 and implementing programs and och"ihe, in support of those efforts. Specifically, these focus areas include Business Attraction, Business Retention, Marketing and Tourism and Workforce Development. Additionally, the Division will seek to provide support and assistance for specific high-priority Special Projects. The 2014-2015 Economic Development Action Plan incorporates on Activity Matrix (Page 17) outlining five Focus Areas and their tiered support |e"p|, (Strategic Areas, Target Efforts and Action Items/Programs). From this Matrix, o staff-level work plan will be developed to cony out activities listed within the Matrix. The proposed budget estimates that have been included in the Activity Matrix will be finalized during the City's annual budget process. Page 2014/2015 Economic Development Action Plan Focvs—Stramegy—Implementation_Evaluation [34)sii,ness A14raction U One Akey component to developing o strategic approach to long-term economic stability is the attraction of new business investment that can provide hz^ revenue for the City, |uco| employment opportunities for residents and o supply of goods and services that are desired by n*dJems and business owners. Therefore, efforts to encourage investment inthe community will include targeting potential businesses in multiple sectors to ensure diversity and growth. These specific sectors include retail and restaurant candidates, technology-based companies and medical device manufacturers and related services. ReVm;U and Restaurant Secvor — U'1 The Economic Development Division will continue to utilize its resources to attract those retailers and restaurant uses that will serve tofill on existing void inthe marketplace and/or provide unique addition tothis sector. Current data indicates that Redlands' retail vacancy rate is4.2%, which is one of the lowest rotes that it has been in J years (vacant space refers /o o// space not currently occupied 6yo tenant, nago,d/oss of any lease obligation that may 6e on the space). However, with new retail construction in the pipeline (e.g, Majestic Realty Company's Mountain Grove project), vacancy rates may climb to between 6% and 7%, while positive absorption levels are forecast to remain relatively even (when supply is less than demand, vacancy decreases and absorption is positive. When supply is greater than demand, vacancy increases and absorption is negative). Market conditions, available commercial financing and employment growth can also impact vacancy ,o*e,. And, itis rare that any shopping center can sustain o 0% vacancy rate for an extended period of time. Thus, itis important that the Economic Development Division continue its efforts to attract new retail tenants *othe community and fill remaining vacant space. Redlands' Retail Vacancy Rate % 9%, 8%CC . 7% ~- *o 6% � � > 6% 4% 3% 09 10 11 12 13 Year rume /. xemo"as'nemo Vacancy Rate. Poge4 2014/2015 Economic Development Action Plan Focwo—Strategy—Implementation_Evaluation To emo/,e that existing ,e/oi| vacancies are adequately filled with quality tenon/s, and to fod|kou* new retail development~hen: applicable,the Economic Development Division will focus on, ° Identifying and marketing existing center vacancies to prospective ,e/o|| tenants, brokers and site selectors. ° Identifying and marketing miscellaneous infill opportunities for retail and restaurant use ,oprospective tenants, brokers and site selectors. ° Encouraging and supporting unique, specialty retail and restaurant uses |nthe downtown core. ^ Working with site selectors to facilitate new retail development as applicable (e.g, Redlands Mall, Redlands Promenade, Pocking House, vacant parcels, e,c.) ° Monitoring and analyzing expanding retail market trends. ° Working with other City departments and shopping center owners/tenants to ensure o safe, well- maintained retail environment. ° Generally promoting retail and restaurant assets 10 o regional and super-regional audience. Redlands' Retail Demand Fnmacmat zaa 11m% 100 12.m% mm 6010,0%** � 20 ni � m 7a% � -om 6.056 -40 5.0% �w Co% �m 30% -1mm 2.0% 2010 201�L umza 2013 2014 2015 201a =Net Defiveries E3 Net Absorption _~Vacancy Rats Table 2. Redlands'Retail Demand Forecast. (When supply is less than demand,vacancy decreases and absorption isnoume.) Pmge 5 ---AWorks" 2014/2015 Economic Development Action Plan Focus_,Strategy--Implementation Evaluation Industrial and Manufacturing Sector— 1.2 Currently,the City's industrial sector is very active and multiple warehouse/distribution projects are planned, in development or have recently been completed. And while the current vacancy rate of 10.8% may appear to be a high number, these figures reflect recent delivery of new product to the marketplace. Additionally, demand for industrial space continues to be high, particularly for product above 500,000 square feet. As such, the majority of new projects being proposed reflect the desire of companies for larger, state-of-the-art facilities, and the response from the development community has been to build those facilities. In fact, current projects by Hillwood Investment Properties, McShane Development Corporation, Prologis and others have been designed to accommodate larger users and larger employee populations. And, with the expansion of e-commerce activities, many retailers are adopting business models that support large fulfillment centers for expedited shipment of products to their customers. These facilities often employ individuals at higher pay scales than traditional warehouse workers and front-line retail employees. Redlands' Industrial Vacancy Rate 25% 20 10% S 0% fig 110 11 12 18 Year Table 3. Redlands' Industrial Vacancy Rate. As the City of Redlands continues to support industrial development, it will be important to work with project developers, brokers and site selectors, as well as lead-generating agencies (e.g., County of San Bernardino) in an effort to attract high-profile, high-quality tenants that can provide employment opportunities to residents and revenue to the City. To assist in this process,the Economic Development Division proposes to: Pac "A Ciry That Works" 2014/2015 Economic Development Action Plan - Focus--strategy-Umplementanon~svaUuation = Assist developers and brokers in marketing existing industrial vacancies and in-development projects to prospective tenants including e-commerce retailers. ° W,,h with the County of Son Bernardino and others (os appropriate) in response to requests for information and data packages for site selectors and their clients. ° Monitor and communicate available resources for prospective industrial tenants. ° Work with tenants tofacilitate streamlined hiring processes. In addition tosupporting efforts to attract large industrial users, Redlands has o unique opportunity /otarget businesses related to the healthcare and life sciences sectors. Medical device manufacturing, supply and distribution, diagnostic and medical laboratories, biotechnology, R&[\ medical office management and consulting, as well as many other keu|/hcora-,e|o^eJ operations are "|o6|e targets. This is due /o the City's proximity /o Loma Linda University Medical Center, concentration of medical providers (e.g, Redlands Community Hospital, Beaver Medical Group, Kaiser Permanente), medical |o6s and diagnostics (e.g, DioPo16, Quest Diagnostics, and San Bernardino Advanced |moging), medical management and consulting (e.g, EPIC) and others. Redlands' Industrial Demand Forecast 244 1,200 goo 600 400 It 9 20 Ll 10A 16 A_J -200 -500 2010 2011 110,12 2013 M4 20%5 2,016 ` _-- Table 4. Redlands' Industrial Demand Forecast.(When supply is less than demand,vacancy decreases and absorption is positive.) Works"4 -"- Page 2014/2015 Econommic Development Action Plan Focus—Strategy_Implementation—Evaluation As the U.S. popv|odm/, 6o6y boomers continue to age and require more me6ko| services, the healthcare industry will continue to grow and expand. Redlands is now in position tocapitalize onthis growth, and develop on expanded medical cluster within /he Oh^ To support these efforts, the Economic Development Division proposes to: ° Identify existing companies within the City that provide healthcare and/or industry-related services. ° Work with existing healthcare providers and inJustry-related companies to identify potential candidates for business attraction efforts. ° Tailor business attraction efforts to industry-related companies that provide prof essiono|-|eve| employment opportunities and/or that may generate taxable sales through production and distribution of products orservices. " Identify suitable spaces (office, flex, onoU/|oqJe industrial, etc.) that can accommodate companies in the healthcare field that may be seeking |n|on6 Empire locations. Office and Technology Sector— l.3 It comes as little surprise ^othose who are familiar with the community that Redlands' |orgestemp|oyer — onJ one of its most successful — is the Environmental Systems Research |nsd/o|e (Esri). The company has been o long-time resident of /he Redlands business community and is the leader in Geographic Information Systems technology, mapping, data and software development. E,,i has also realized steady growth over the past 40 years and continues to be driving force in providing employment opportunities for local residents. Esrihas o wide network of users (private companies) that have developed, orare currently developing, products of their own utilizing Esri's platform. Doe to the fact that Esri has established itself as o leading technology company, and because its presence in the community represents o solid foundation for potential growth in the technology sector, it is essential that the City utilize its resources to build on this foundation. Efforts to attract other established technology companies, promising start-ups Hill and independent entrepreneurs will be important in building o larger base of technology businesses within the community. It will also be important to partner with Esri and academic institutions, such as the University of Redlands, to formulate strategies and programs that encourage entrepreneurship and business development. To this end, the Economic Development Division proposes to. ° Initiate o collaborative partnership with Esd to create new opportunities for technology growth in the commonity. ° Participate in, and establish o presence at, Esri's onnoo| user conference to market the community /o prospective technology companies. ° Identify and market/onon-E,,itechnology companies. Page 2014/2015 Economic Development Action Plan Focus_Strategy—Implementation_Evaluation ^ Identify and market svkp6|e ,pace, (office, Hex etc.) that can accommodate technology companies and related administrative services. " Initiate discussion with Esri and the University of Redlands to explore the potential for implementing o technology-based entrepreneurship program. ° Support efforts to enhance the community's technology systems (e.g, 6,0066on6 communications) to ensure high-speed access for new and existing businesses within the community. Although the priority will be to place technology-related businesses in available office and flex space, it will also be necessary /o encourage 6odneo investment by other companies in the healthcare/life sciences, professional and administrative sectors. Currently, there i, on overall office vacancy rate of 15.796 in Redlands, with the majority of product represented by [|oo B and [|oo [ space. So, i/ will be important to market existing space to potential business interests, and — ",hen /he office market begins to expand in the Son Bernardino (East) area — encoo,oge o66idono| Class development for use as regional and corporate headquarters locations. Page9 2014/2015 Economic Development Action Plan Focus—Strategy—Implementation Evaluation Redlands' Office Vacancy Rate 21 % 19% �a 1 1 � 15.7% 16% 15% 14 a 09 10 11 12 1 Year Table 5. Redlands'Office Vacancy Rate. Redlands' Office Demand Forecast W o, w„M ...o � r� 224 ss — — — -- 21.0% t 40 — _ — -- 20.0 � r tt20 LL a t 1 Q a_. .... 14 „.., . .. T� m ` r s J, Ina :aw r ........ ................ .............. � J ... ,........ .., ,.,,_. .. � s 0110 2011 2012,,, .013 2014 2011 2016 $MNettterweries MNetAbsorption VatanCyRate Table 6. Redlands'Office Demand Forecast. (When supply is less than demand,vacancy decreases and absorption is positive.) G;urw^a.�r Page 10 A City Tlaat Warks” 2014/2075 Economic Development Action Plan Focus,_Strategy—Implementation—Evaluation Retention and Expansion � Twvo Integral /othe City's o"enoU economic development efforts, and to ensure long-term economic sto6i|hX are economic development activities that include ongoing support for existing businesses in the City. As noted previously, /he longevity of many local businesses are o testament to the City's quality, sustainability and supportive business environment. Thos, it is necessary to continue to provide resources, assistance and recognition to businesses in the community to help foster /heir Qrm°t6 and success. This process includes gathering and assessing business data through available data resources and monitoring, oswell as outreach to the business community. It will also be important to identify, provide (when applicable) and communicate the ovoi|o6i|i|y of business resources that can assist business owners in maintaining successful operations within the community and that support expansion efforts. Businesses are the lifeblood of the community's economic engine, but often are not given /he acknowledgment that they deserve for their contributions. Therefore, continued recognition of local businesses 6ythe City will also 6eonimportant component /o business retention efforts. Data Intelligence and Business Outreach — 2.1 |norder toeffectively plan for future business activities and address changes tothe business environment, it will be necessary for Economic Development Division staff to continue efforts in monitoring 6oH` local, regional and national business impacts and trends; keep apprised of business activities inneighboring communities and regional projects/programs that may impact the City; and maintain ongoing communication with existing businesses to ensure that City staff maintains on awareness of local business activities and concerns. To facilitate these activities, the Economic Development Division intends to: ° Continue ,o monitor and assess local and regional market and industry activity /o capitalize on opportunities and mitigate threats ,o the local business environment. ° Implement onongoing business visitation program that provides business owners onopportunity tomeet directly with economic development staff to discuss any business concerns, and to provide on opportunity for staff to learn more about company operations. ° Continue City Manager's outreach program tohigh-performing businesses. ° Create quarterly Mayor's Roundtable to o||ovv local business owners an opportunity tomeet with the Mayor to discuss business operations and related topics. ° Collaborate with the Chamber of Commerce to initiate an onnoo| downtown "business wo|k/sorvey" tu assess downtown merchant activity and collect feedback on maintaining/enhancing the downtown business environment. Support and Resources — 2.2 Providing resources that can assist new and existing business owners with launching, operating and expanding their businesses is o key element tosustaining 6odneo growth. Whether the resource isprovided directly by ,he City o, another agency (county, state, federal), connecting business owners with /he resources that they need is part of creating o successful business environment. Nov, more than ever, local governments are seeking any and all ovoi|o6|e resources and tools that may provide support to |nco| businesses as they compete in /he local, regional, national and international marketplace. Even when these resources are not o6|e to be provided directly by the City, Economic Development staff can research and identify resource opportunities, and communicate those opportunities |othe local business community. Pogmll —~-- ���m�w*ms~ 2014/201/5 Economic Development Action Plan Focus—Strategy_Implementation_Evaluation To this end,the Economic Development Division plans to: ° Identify and monitor local, regional, state and national business resources, programs and tools that can assist Redlands businesses with competing intoday's marketplace. ° Network and coUo6o,o^e with the Chamber of Commerce to ensure open communication and the leveraging of resources (when applicable) ^osupport local business activities. ° Communicate the availability of new and existing business resources and tools to the local business community through the use of various media and outreach efforts. ° Revamp and reorganize the economic development section on the City's website ,o ensure o more robust listing of resources, programs and projects, oswell osonenhanced user experience. ° Continue to support ongoing business assistance programs such as monthly SCORE workshops. A«Wnwvv|mdgemment & Recognition — 2'3 There are numerous businesses in the City of Redlands that have made, and continue to make, significant contributions to the commonity. Whether the activity is major expansion/job growth, considerable revenue generation, philanthropic support for |pco| organizations, environmental leadership or the implementation of ,pedo| community pruiects/pnngrams, many businesses play role inthe ongoing quality of life enjoyed by Redlands' residents and workforce. Therefore, as port of on overall business retention effort acknowledgement and recognition of businesses for their achievements will be on important component +u reinforcing the City's commitment to its business commun||y. As such, the Economic Development Division encourages and supports formal recognition efforts for deserving businesses. To accomplish this, the Economic Development Division proposes to. ° Introduce o quarterly Business Recognition Program highlighting significant contributions by local businesses. ° Implement on annual Business Appreciation event in conjunction with the [kom6e, of Commerce to thank all businesses inthe community for their efforts. Poma 12 2014/2015 Economic Development Action Plan _ _ Focus_Strategy—Implementation_.Evaluation Workforce Development � Thiree One of the keys to long-term business sustainability and growth is the development of on educated, well- prepared workforce /o meet the needs of |ouo| companies and potential employers in targeted industries. Preparing Redlands' workforce to meet the needs of current and future employers, as well as to build upon o solid foundation of high-quality io6s in multiple sectors, is o role that business, education and government can shone in and collaborate at both the local and regional levels. Whether the need is o specialized program to support o local company's expansion efforts, or the crafting of higher education programs to support on entire industry, having community stakeholders work toward o common goal is paramount to achieving success Regional Collaboration — 3.1 Throughout the |n|on6 Empire, cities continue ozevolve in terms of H`e|, respective community demographics, business growth and physical landscape. And while each community may have different attributes, needs and goals, the fact is that they are all members of o broader regional communhy. That's why it is important for individual communities to work together — when applicable — /o advance economic development and workforce development initiatives that can benefit the larger region. This may come o6nv+ through co||o6oroh"e efforts to on,oc, specific industries or employers /o the region o, through regional workforce development efforts. A, such, the Economic Development Division iscommitted to: ° Working with the County and other cities — as appropriate —tu attract business to the region through collaborative 6roker/6eve|opmentou,reoc6, |eo6 generation and info/motion shoring. ° Identifying, collaborating and participating inworkforce development projects and events with other municipal governments (County, cities), businesses and partners (Chamber of Commerce) engaged in regional employment recruitment activities (e.g, io6foirs). Industry Needs Assessment — 3.2 In order to better recognize and support the workforce development needs of local employers, it will be necessary to develop /nu|s and collect/analyze data to support future assistance efforts. Additionally, specific employee training programs (both short-term and long-term) o, other employer resources may be needed to support local business activities. To ensure that ,he City has on awareness of local needs, the Economic Development Division will explore opportunities to: ° Query local employers and assess their needs for training and/or other resources. " Work with educators (e.g., University of Redlands; community colleges) and other resource providers (e.g, County of San Bernardino Workforce Investment Board, State of California Employment Training Panel) to develop and implement applicable training programs. Technology Incubators — 3'3 The City of Redlands isino unique position togrow its technology sector 6ysupporting collaborative efforts to encourage new technology start-ups, as well as attract ,e|o/e6 technology companies. The Economic Development Division seeks to initially explore this activity through: ° Outreach and collaboration with Esdon6 the University of Redlands. " Continued use of Esritools /o support and encourage business expansion. Page 13 2014/2015 Economic Development Action Plan Focus—Strategy—mmplementation—Evaluation Marketing and Tourism� �! Four Re6|omJs is o familiar name to many of those living and working in the |n|on6 Empire, particularly in the western portion (east valley market area) of Son Bernardino [oonty' It is also o community that has become visible to business investors over the years, as well as business development representatives in the retail, industrial and office sectors. Additionally, the community is fortunate inthat ithas numerous venues and events that attract local residents, those of nearby communities and out-of-area visitors. To ensure that Redlands continues to remain top of mind with potential business investors, and to introduce new business interests to the community, as well as ,o create o greater awareness of the community's attractions, it is important that o comprehensive marketing effort be implemented. Marketing activities will include, but will not be limited to, /he development and production of marketing material and ,e|o|eJ co||otm,o|s, targeted advertising development and placement; trade show participation and data collection/analysis nsrequired. /\66ihono||X in on effort to support Redlands' extensive offering of venues, activities and events, it will be important to engage in activities that promote local tourism, and to seek partnership opportunities with local venues and organizations tnencourage visits by local, regional and super-regional residents. Collateral Development and Data Collection — 4'l The development of marketing material to support business attraction and local tourism efforts i, o critical component to communicating the Redlands 6,on6. Previously, /ke,a has been limited attention given /o /he development and production of these materials. However over the past year, the Economic Development Division has begun the process of producing o 6odc level of support material, and will continue to o66 to this material as o66|hono| resources become ovoi|o6|e. Division staff will also seek additional methods for securing localized demographic data (business and tourism) to become better o~o,e of the local business community/market, as well as specific tourism-related activities. Efforts geared toward these objectives include: ° The ongoing development and placement of print and online advertising materials |nindustry- specific print and digital publications. ° Continued development of collateral material to support trade show and outreach efforts. ° Supplementary communications and public relations efforts to further promote the community and its assets. ° Identification, development and implementation of methods tocollect and analyze business and event data. pvoe 14 2014/2015 Economic Development Action Plan Focus—Strategy Implementation—Evaluation Enhancement of Downtown Business Environment — 4.2 One of the community's greatest assets—and one that sets it apart from other cities throughout the region —is its historic downtown. It comprises an exciting mix of historic, cultural and business offerings that attract local residents and regional visitors. This blend of unique shops and restaurants, combined with year-round events and activities, make it one of the most popular gathering places in the region. To ensure that the downtown area continues to be a focal point for business and tourism in Redlands, it will be important to continually support efforts to enhance the economic and physical environment in the downtown area. This will be accomplished through increased efforts to enhance and expand tourism-related activities and capital improvements in the downtown core, as well as to generate external in-kind and monetary support for these efforts. Some of the proposed activities include: • The physical expansion of Market Night to accommodate additional vendors and attendees, as well as the streamlining of vendor registration and participation. • Continued support for both City-sponsored and community sponsored downtown events. • Securing sponsorship support — as applicable — for Market Night and other City-sponsored downtown events, as well as other financial resources that can help sustain the downtown business environment. • Continued support and collaboration with other City departments to provide capital improvements and other amenities/enhancements to the downtown core. • Increased marketing efforts related to the downtown business district and special events. Citywide Venue/Event Marketing — 4.3 Although Redlands' downtown core is central to many tourism-related assets, it is only part of a larger environment of multiple venues and attractions. As such, it is important to recognize and support efforts to promote these venues and work with venue operators to communicate the City's rich offering of places to visit and things to do. Promoting Redlands as a destination where visitors can shop, dine, play and stay is an important component to ongoing economic development activities, and will help create opportunities for increased visitorship, hotel stays, sales tax generation and employment. To successfully engage in these activities, it will also be important to collaborate and partner with local businesses, venues and organizations to collectively market the community to potential visitors. In support of these tourism efforts, the Economic Development Division proposes to: • Independently and collaboratively market venues and events to local and regional audiences including "farm-to-table" initiatives,venues and activities. • Lead efforts to develop a local tourism group comprised of tourism-related businesses, venues and organizations, and to work collaboratively on promoting tourism in Redlands. • Work with tourism partners to implement and promote a community-wide calendar of events. • Develop and produce a local visitor's guide highlighting community venues and events. irr t 'i i p �asal °�� g r a°�t air iriil'i �Yr �� tarp a°ls rn-r lrat cl ctivifies in 54rvr r,srvcra `_. A City That Works' Page 15 2014/2015 Econommic Development Action Plan Focus—Strategy—Implementatiom—Evaluation Specia� . ��� ecfs � Five There are o number of ongoing projects that are directly related to the City's overall economic development activities. And while many of these projects may be influenced by private ownership and operation, or |e6 by other public agencies, it is important that the [hY remain involved in H`e|, continuing progress. One of the most notable projects, currently moving forward, is the sale and transformation of the Redlands Mo|i The site is o critical component|uthe economic stability of the downtown core, and successful development of this asset could complement the existing downtown area and create new opportunities for businesses and residents. Additionally, the former Pocking House (currently under control of the Successor Agency) could be o vital link /o increased downtown business activity, and the planned light rail project will further enhance economic opportunity within the community. Finally, it may be in the best interests of the City to consider developing — with the assistance of o consohont — o long-range (5-10 years) strategic vision for economic development, above and beyond what is provided in the Economic Development Ac/ion Plan. Proposed activities related to special projects include: ° Working with the new owner ofthe Redlands Mo|| to develop and implement ovision for transforming the site into ovibrant, economic asset. ° Securing authorization from the State of California Department of Finance to sell the former Pocking Hoose, and work with the new owner to develop o practical use for the property that vvou|6 further enhance the economic vitality ofthe downtown area. ° Collaborating with the San Bernardino Associated Governments (54NBAG), Esri, the University of Redlands, other Qty divisions and other entities in support of development of o light rail extension and multiple access points within the community, as well as o downtown plan in support of this effort ° [D8G and Successor Agency administration. ° Developing o long-range economic strategy for the community. C o n c I tt,,s i o n The 2014/2015 Redlands Economic Development Action Plan incorporates the City Council's economic development initiatives under its Economic/ Business Growth focus area. And while the Economic Development Action Plan is certainly on aggressive undertaking, with o sufficient level of staff and resources, many of /he proposed activities could be implemented over the next two fiscal years (see Economic Development Action Plan Activity Matrix). Upon approval of the 2014/2015 Economic Development Action Plan by the Ory Council, the proposed budget for carrying out activities within the Plan will he presented for final approval as part of the City's annual budgeting process. The final determination and allocation of economic development funding will determine the overall level of service that can be 6e|iyere6. 0 __ i3- Works" Page 16 ilk, ��hl I Jill 1111 111 11 1 11 1 1 11 111 111 low sI slit i ffiffi 1 0 41 11 it t :9. go GS f o rt ca CM