HomeMy WebLinkAboutCOUNCIL - AGENDA ITEM - 01/23/2007 - ECONOMIC ACTION PLAN UPDATE j DATE: January 23, zoos WORK SESSION ITEM
STAFF: Darin Atteberry FORT COLLINS CITY COUNCIL
Mike Freeman
SUBJECT FOR DISCUSSION
Economic Action Plan Update.
GENERAL DIRECTION SOUGHT AND SPECIFIC QUESTIONS TO BE ANSWERED
This work session provides the City Council with an overall update on the Economic Action Plan,
focusing on achievements from 2006 and outlining steps that are proposed for 2007. Council
requested regular updateson economic health issues throughout the year. This is the first of three
updates planned for 2007.
BACKGROUND
City staff presented a conceptual economic action to the City Council in July 2006 and subsequently,
the City Council approved the Economic Action Plan in August 2006. Since August,staff has been
working to implement the Plan and has also been identifying tactics and strategies to address in 2007
and beyond.
This presentation will focus on the entire Plan, successes to date, challenges, and will preview
activities for 2007. It is hoped that the regular updates on economic issues will provide the City
Council with the framework within which staff is working and provide the opportunity to more
thoroughly understand the work plan. Finally,this is an opportunity for the City Council to provide
ongoing input to staff.
ATTACHMENTS
1. Economic Health Report.
2. PowerPoint Presentation.
GOmanage - Comprehensive Report Page 1 of 4
Comprehensive Report
Improve Economic Health
Start Quarter: Q4 - 2006
End Quarter: Q2 - 2010
Performance Measures
Job Growth In Key Industries
Measure Community Perception of Economic Health
Ratio of Income to Cost of Living in Fort Collins
Strategies
Balance Business Expansion / Attraction ( 33 % )
Tactics
Buildable Lands Inventory ONE] ( 67 % )
Action Items
# Action Item Owner % Alert Status Due Date
1 Review Commercial Land Timothy Wilder 100 % Complete 12/31/ 2006
Availability/Suitability
2 City Council Worksession Timothy Wilder 100 % Complete 03/31/2007
3 Develop Online Land Availability Mike Freeman 0 % In progress 02/28/ 2007
Tool
Business Attraction ( 33 % )
Action Items
# Action Item Owner % Alert Status Due Date
1 Develop Clusters Focused Attraction Mike Freeman 100 % Complete 11/01/2006
Plan
2 Develop Cluster Specefic Materials Kelly DiMartino 0 % In progress 02/28/ 2007
3 Targeted Attraction Mike Freeman 0 % In progress 06/30/ 2007
Meetings/Outreach
Business Expansion 0 ( 0 % )
Action Items
# Action Item Owner % Alert Status Due Date
1 Solicit Expansion Opportunities Mike Freeman 0 % In progress 03/30/ 2007
Through Cluster Groups
2 Ongoing Business Expansion Mike Freeman 0 % In progress 12/31/ 2007
Assistance
Develop an Incentives Policy & Approach ( 25 % )
Action Items
# Action Item Owner % Alert Status Due Date
1 Complete Draft Incentives Approach Mike Freeman 100 % Complete 08/31/ 2006
2 Identify Infill Development Joe Frank 0 % In progress 02/28/ 2007
Incentives
3 Identify Incentives for Primary Mike Freeman 0 % In progress 02/28/ 2007
Employment
4 Present Incentives Approach to City Mike Freeman 0 % In progress 03/31/ 2007
Council
Be Proactive on Economic Issues 09= (46% )
Tactics
Create the Economic Lead Team ( 100% )
Action Items
https ://www. gomanage. net/Reports/ComprehensiveReport. aspx?level= l &LID=676&folde . . . 1 / 15/2007
GOmanage - Comprehensive Report Page 2 of 4
# Action Item Owner % Alert Status Due Date
1 Develop Lead Team Concept & Darin Atteberry 100 % Complete 07/28/ 2006
Charter
Develop a Business Communications Strategy EW:1 ( 75 % )
Action Items
# Action Item Owner % Alert Status Due Date
1 Implement Business Web Site Mike Freeman 100 % Complete 09/01/ 2006
2 Develop Overall Business Kelly DiMartino 100 % Complete 11/01/2006
Communications Strategy
3 Present Strategy to ECOLT Kelly DiMartino 100 % l Complete 12/30/ 2006
4 Implement Communications Plan Kelly DiMartino 0 % Not started 03/31/ 2007
Develop a Fort Collins Community Index ( 25 % )
Action Items
# Action Item Owner % Alert Status Due Date
1 Develop Index Measures Mike Freeman 50 % In progress 12/ 31/2006
2 Collect Data and Publish Report Mike Freeman 0 % In progress 01/ 31/2007
Implement Bienial Economic Action Plan Revision 0 ( 0 % )
Action Items
# Action Item Owner % Alert Status Due Date
1 2006 - 2007 Economic Action Plan Mike Freeman 0 % 0 In progress 05/31/ 2007
Results Summary
2 City Council Worksession on Economic Mike Freeman 0 % 0 In progress 07/ 13/ 2007
Health
3 Revised Economic Action Plan - Mike Freeman 0 % 0 In progress 08/31/ 2007
2008/2009
4 2008/2009 Plan Adoption Mike Freeman 0 % In progress 09/28/ 2007
Implement Business Assistance Program ONE] ( 67 % )
Action Items
# Action Item Owner % Alert Status Due Date
1 Identify Business Development Mike Freeman 100 % Complete 09/29/2006
Partners
2 Develop Business Start Up Web Mike Freeman 100 % l Complete 10/31/ 2006
Resources
3 Develop Marketing Materials for Mike Freeman 0 % In progress 12/29/ 2006
Ongoing Uses
Improve Sales Tax Licensing Processes off:= ( 50 % )
Action Items
# Action Item Owner % Alert Status Due Date
1 Review Existing Process 100 % Complete 10/31/2006
2 Implement Process Modifications 100 % Complete 11/30/2006
3 Review Sales Tax Licensing Kelly DiMartino 0 % Not started 02/28/ 2007
Materials
4 Modify Sales Tax Materials Kelly DiMartino 0 % Not started 03/31/ 2007
Improve the Development Review Process ONE] ( 67 % )
Action Items
# Action Item Owner % Alert Status Due Date
1 Conduct Business Outreach Mike Freeman 100 % Complete 07/ 31/ 2006
2 Present Findings to City Counil Mike Freeman 100 % Complete 08/31/ 2006
3 Prepare Changes to Land Use Code Greg Byrne 100 % Complete 10/ 20/ 2006
https ://www. gomanage. net/Reports/ComprehensiveReport. aspx?level= I &LID=676&folde . . . 1 / 15/2007
GOmanage - Comprehensive Report Page 3 of 4
4 Implement Code Changes Greg Byrne 100 % Complete 01/ 31/ 2007
5 Evaluate Warranty Issues Mike Freeman 0 % In progress 02/ 28/ 2007
6 Review One Stop Shop Greg Byrne 0 % In progress 07/ 31/ 2007
Infrastructure that Supports Economic Health 0 ( 0 % )
Action Items
# Action Item Owner % Alert Status Due Date
1 Identify Infastructure Development Greg Byrne 0 % 0 Not started 01/31/ 2007
Opportunities
2 Identify Financing Strategy for Greg Byrne 0 % 0 Not started 03/31/ 2007
Infrastructure Development
3 City Council Briefing Greg Byrne 0 % In progress 04/30/ 2007
Build Partnerships ( 38 % )
Tactics
Inventory Resources ( 100 % )
Action Items
# Action Item Owner % Alert Status Due Date
1 Inventory Entrepreneural Resources 100 % Complete 11/30/2006
2 Assess Improvements for Mike Freeman 100 % Complete 01/31/2007
Coordination
Sustain / Grow Federal Employment in Fort Collins 0 ( 0 % )
Action Items
# Action Item Owner % Alert Status Due Date
1 Inventory Federal Employement 0 % Not started 01/31/ 2007
2 Strategic Meetings with Federal Mike Freeman 0 % I Not started 03/30/ 2007
Agencies
3 Refine Federal Employement Agency Mike Freeman 0 % Not started 03/31/ 2007
Approaches
Technology Incubator Strategic Plan ( 25 % )
Action Items
# Action Item Owner % Alert Status Due Date
1 Develop Overall Plan Diane Jones 75 % In progress 01/31/2007
2 Present Plan to ECOLT Diane Jones 0 % Not started 02/28/2007
3 City Council Presentation Diane Jones 0 % Not started 03/31/2007
UniverCity Connections nff�—] ( 50 % )
Action Items
# Action Item Owner % Alert Status Due Date
1 Inventory Assests Timothy Wilder 100 % Complete 12/ 31/2006
2 Analyze Opportunities Greg Byrne 0 % Not started 06/30/2007
Diversify the Economy ME= ( 50 % )
Tactics
Community Branding Effort ME= ( 55 % )
Action Items
# Action Item Owner % Alert Status Due Date
1 Conduct Community Research Mike Freeman 100 % Complete 08/31/ 2006
2 Present Research Finding Mike Freeman 100 % I Complete 10/25/ 2006
3 Conceptual Creative Work Mike Freeman 75 % In progress 01/31/ 2007
Completed
4 City Council Presentation Mike Freeman 0 % I Not started 02/28/ 2007
https ://www. gomanage. net/Reports/ComprehensiveReport. aspx?level= l &LID=676&folde . . . 1 / 15/2007
GOmanage - Comprehensive Report Page 4 of 4
5 Develop Implementation Plan Mike Freeman 0 % I Not started 03/31/ 2007
Develop Industry Clusters 0 ( 0 % )
Action Items
# Action Item Owner % Alert Status Due Date
1 Existing Cluster Support 0 % 0 In progress 12/ 31/ 2007
2 New Cluster Formation Mike Freeman 0 % Not started 03/ 31/ 2007
3 Cluster Strategic Plans Completed Mike Freeman 0 % Not started 05/ 31/ 2007
Develop Sales Tax Analysis Tool 0 ( 0 % )
Action Items
# Action Item Owner % Alert Status Due Date
1 Build GIS Data Warehouse Jeremy Reese 0 % 0 Not started 11/30/ 2006
2 Assess Sales Tax License Data Jeremy Reese 0 % 0 Not started 12/31/ 2006
Structure
3 Develop Analytical Capacity Jeremy Reese 0 % 0 Not started 03/31/ 2007
Foothills Mall Redevelopment Plan ( 92 % )
Action Items
# Action Item Owner % Alert Status Due Date
1 Conduct Initial URA Formation Greg Byrne 100 % I Complete 09/30/2006
Study
2 Create Redevelopment Scenarios Chuck Seest 100 % Complete 11/30/ 2006
3 URA Formation Joe Frank 75 % I In progress 03/31/ 2007
Target Industry Study ( 100 % )
Action Items
# Action Item Owner % Alert Status Due Date
1 City council presentation . Mike Freeman 100 % Complete 10/03/ 2006
2 Final report approved . Mike Freeman 100 % Complete 10/31/ 2006
3 Develop Implementation Plan Mike Freeman 100 % Complete 11/30/ 2006
https ://www. gomanage. net/Reports/ComprehensiveReport. aspx?level= l &LID=676&folde . . . 1 / 15/2007
City Council Worksession
Economic Action Plan Update
January 23 , 2007
Economic Vision
A healthy economy reflecting the values of our unique community in a changing world .
Economic Values
o The primary keys to our unique identify and economic health are :
*The natural environment
* Old Town / Downtown
* Colorado State University
* Culture and the arts
o We value the Poudre R- 1 Schools , Front Range Community College , and our other educational
institutions and the quality education they provide .
o Sustainability and economic health are strengthened through community partnerships and collaborations .
o We value the next generation of citizens and their quality of life as much as our own .
o We value businesses that contribute to the economic , environmental , social and cultural health of our
community .
o Supporting innovation and growing businesses from within are important to economic health .
o We value our existing businesses and the prospect of welcoming new businesses .
o We value a City organization that is :
* Proactive about our economy
* Responsive to business concerns
o Municipal services contribute to making Fort Collins a great and visionary city and depend on a healthy
economy that fuels a reliable revenue stream .
D iscussion Purpose
• Review progress on action plan items
• Review plans for 2007
• Receive input and comments
Economic Action Plan Strategies
• The Action Plan is build around four key
strategies :
— Balance business expansion and attraction
— Be proactive on economic issues
— Build partnerships
— Diversity the economy
• Following presentation provides more
detail on the four strategies
Balance Business Expansion
and Attraction
• Buildable lands inventory
• Business attraction
• Incentives policy and approach
Be Proactive on Economic Issues
• Business communications strategy
• Fort Collins index
• Economic Action plan updating process
• Improve sales tax licensing
• Improve development review
• Infrastructure investments that support
economic health
Build Partnerships
• Sustain /grow State / Federal employment
• Technology incubator strategic plan
• UniverCity Connections
Diversify the Economy
• Community branding effort
• Develop industry clusters
— Cluster formation /strategic plans
• Sales tax analysis tool
• Foothills mall redevelopment
Closing