AgdaPkt 2006-10-09 - Laserfiche WebLink

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9B Page 2 REPC�R � To the Honorable Mayor and City Council From the City Manager Octaber 9, 2006 Background Economic Develapment Element Qf the General Pfan Planning staff has been working on the General Plan updat� for the iast several years. There have been numerous community meetings and disc:ussions on the guiding principles and the future story of Redwood City. City Councif has already conceptual(y reviewed four of the Etements.' Now staff wishes to submit the Economic Development Element to the City Councii far the same type of review. The Econamic Development EEemen# es#ablishes a visian, goals, and policies to heEp create a healthy economy for Redwood City. These goais and polieies focus resources fo retain loca! business, attract new industries, support the tax base and pravide importan# services for existing and future residents. The document also provides a briefi economic prafile of Recfwood City. Although not a State required Element, both staff and the Redwood City San Mateo County Chamber of Commerce feft that the City's economic well being was impartant enough to warrant an individual Element. For this reason staff has been working close{y with the Chamber of Commerce to prepare the Economic Development E}ement. The Ecanomic Development Efement reflects several of #he General Plan's Guiding f'rinciples adopted by both the City Cauncil and Pfanning Commission. They are: �:• Sfrengthen economic vitality fo provide jobs, services, revenues, and opporfuni#ies. ❖ P/an for susfainabrlity within our finite resources including,but not limited to open space, wa�er, energy, and a1r qualify Some of the highlights of the Element include: • An economic profile of the City • Policies and goals for busir�ess development both in fhe Downtown and City- wide • Developing workforce programs ar�d education • Building community and a livable City • Working toward fscal s#ability and resource sustainabitity. 1 The City Coun�il conceptually reviewed the Parks and Open Space and Conservation Elemenfis on August 7,2006,and the Water Suppiy and Infrastructure Elemenfis en September 17,2D06. Page 1 of 5