TO: Honorable Mayor and Members of the City Council
FROM: Tom Kisela, City Manager
1. SUBJECT
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Report on Economic Development Implementation Plan for Fiscal Year 2024-25 and proposed Economic Development Implementation Plan for Fiscal Year 2025-26.
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2. SUMMARY
Report on Economic Development Implementation Plan detailing progress on programs and efforts for Fiscal Year 2024-25, and a proposed Economic Development Implementation Plan for Fiscal Year 2025-26.
3. RECOMMENDED ACTION
recommendation
Receive and file.
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4. FISCAL IMPACT
None.
5. STRATEGIC PLAN GOALS
Goal 2: Enhance Economic Development and Achieve Fiscal Sustainability
6. DISCUSSION AND BACKGROUND
Under the direction of the City Council, the City Manager's Office leads economic development efforts in partnership with other City departments. City efforts are augmented through partnerships with the Orange Chamber of Commerce and other economic development stakeholders.
The City of Orange Economic Development Strategy guides City efforts to:
* Foster a positive environment that expands economic opportunities
* Ensure a broad revenue base to fund City services
* Create and retain quality jobs in the City
* Provide a wide range of retail, restaurant, and service amenities for residents and visitors
* Ensure that housing development supports the needs of residents and businesses
The Economic Development Implementation Plan details activities that are proposed to be completed during the fiscal year. The annual plan is created with input from the Economic Development Roundtable, which brings together business owners, property owners, community stakeholders, and the Orange Chamber of Commerce. The Economic Development Roundtable, which meets periodically, was created to develop and review the City's economic development strategy and supports and provides guidance in its implementation.
7. ATTACHMENTS
* Fiscal Year 2024-25 Implementation Plan Progress Report
* Fiscal Year 2025-26 Imp...
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