Loading...
HomeMy WebLinkAboutCOUNCIL - AGENDA ITEM - 03/03/2015 - RESOLUTION 2015-031 ADOPTING AN UPDATE TO THE ECONAgenda Item 16 Item # 16 Page 1 AGENDA ITEM SUMMARY March 3, 2015 City Council STAFF Josh Birks, Economic Health Director Jeff Mihelich, Deputy City Manager SUBJECT Resolution 2015-031 Adopting an Update to the Economic Health Strategic Plan for the City of Fort Collins. EXECUTIVE SUMMARY The purpose of this item is to consider a resolution approving an update to the Economic Health Strategic Plan previously approved by City Council on June 26, 2012 (Resolution 2012-044; Vote: 7-0 in favor). The update responds to a City Council request to evaluate changes to the existing strategic plan and seeks alignment with the objectives of the Sustainability Service Area (formed in 2012). The update introduces five themes around which to organize the City’s economic health activities:  Community Prosperity  Grow Our Own  Place Matters  The Climate Economy  Think Regionally STAFF RECOMMENDATION Staff recommends adoption of the Resolution. BACKGROUND / DISCUSSION What is Economic Health? The City of Fort Collins intentionally uses the terms “Economic Health” to describe the community’s engagement with the economy. The meaning of health refers to a “general condition of…soundness” to “vitality” (Dictionary.com). The concept of soundness and vitality are key reasons the City uses the word “health” versus “development” when discussing economic activities. The objective is overall soundness and long-term vitality not short-term or individualized gain. In addition, the focus on triple bottom line thinking further reinforces the commitment to a more holistic view of the economy’s role in our community. Therefore, the objective of Economic Health is a sustainable economy. A sustainable economy means that residents can find employment and afford to live in the community; that businesses are able and encouraged to start, remain, and expand in the community; and that everyone can expect quality City services and sustainable attractive infrastructure. ECONOMIC HEALTH VISION: Promote a healthy, sustainable economy reflecting community values Agenda Item 16 Item # 16 Page 2 Why a Revisit? In 2011 and 2012, the Economic Health Office (EHO) led a process to update the community’s strategic plan related to economic health. The update followed the City Plan update process completed in early 2011. It was the intent for the update to move beyond the previous 2005 Economic Health Action Plan by developing guiding principles and strategic goals to guide future economic health activities. In 2012, the Economic Health Office joined the Sustainability Service Area (SSA) shortly before the previous version of the Economic Health Strategic Plan (EHSP) was adopted in June of 2012. Now, two plus years into the partnership with Environmental Services and Social Sustainability formed when SSA was created there is a need to align the EHSP with SSA division objectives. Enhancing community resiliency is a key part of this alignment. In addition, alignment between the three departments of the SSA division will be enhanced by calling out specific goals and strategies that describe the triple bottom line. This revisit attempts to describe the overlap between the three individual departments. These goals and strategies are intended to enhance the partnering opportunities between the departments and aid in describing collective objectives. Finally, the revisit is intended to consider several emerging challenges facing the City of Fort Collins economy. These challenges include:  Climate change;  Community build-out;  Pace of innovation or disruptive technologies; and  Workforce demographic shifts. While many of these challenges are not unique to Fort Collins they will have unique implications. This update attempts to address these issues through revisions and changes to the previously adopted guiding principles and strategic goals. It is not the intent of this update to rewrite or negate the existing adopted EHSP but rather to enhance the previous version for the reasons stated above. Plan Structure The Plan adopts the same structure as the Social Sustainability Department Plan presented to City Council in early 2014. The Plan is laid out in themes. Each theme section includes relevant current conditions, a vision for the future, the role of the City, and numerous goals. The goals include specific actions, a desired outcome, and metrics to evaluate success. Finally, the goals include a preliminary timeline for the major actions. Additional Work Completed The EHO has completed two major pieces of additional analysis since the Economic Health Strategic Plan was approved in 2012.  Cluster Strategy 2.0 - An update to the Targeted Industry Cluster program completed by TIP Strategies in 2013. The study proposed several adjustments to the cluster program including the introduction of a competitive funding program for distributing cluster dollars.  Larimer County Labor Force Study - The study, completed by TIP Strategies, does a deep dive on the existing and anticipated labor force in Larimer County, including information on commute patterns, skills gap, and available jobs. Each of these documents has been used in developing this update to the Economic Health Strategic Plan. Agenda Item 16 Item # 16 Page 3 Overview of Themes The Plan includes five themes. The themes are intended to organize the economic health activities of the City. The themes and proposed vision for each are provided below:  Community Prosperity - Employment opportunities exist across the income and education/skill spectrums  Grow Our Own - Our innovation ecosystem fosters the development of new and creative industry  Place Matters - A balanced built and natural environment that the community (including employers and talent) takes pride in  The Climate Economy - Businesses adapt to climate change "in place" and leverage community carbon reduction goals to develop new products and services  Think Regionally - A region that partners to address issues which extend beyond municipal boundaries The Plan identifies current conditions, the City’s role, and proposed goals with actions, metrics and desired outcomes. The additional detail is provided in the attached EHSP Update. Broaden the Focus: Primary and Support Sectors The economic development profession has long been focused on primary jobs, typically defined as jobs which produce goods and services in excess of what can be consumed in the local marketplace. This definition has traditionally led practitioners to direct resources toward a relatively narrow range of industries such as manufacturing, company headquarters, wholesale trade, and technology. The assumptions behind this emphasis are generally sound. These jobs have historically generated higher wages and the manufacturing sector frequently has extensive supplier relationships that other sectors do not. In addition, export-driven industries, by definition, inject new money into the economy. This limited view of primary jobs should be revisited with the recognition that a host of support sectors provide essential services that enable the primary jobs sectors to operate successfully in the region. They are services that the primary sectors would have to “import” into the region if they were not present locally. They also generate a great deal of wealth in a community and provide essential services to residents in the region as well (See the EHSP’s Appendix for additional information). As such, this proposed update to the EHSP includes broadening the focus of the Economic Health Office to include these support sectors (as defined in the EHSP appendix). The focus will remain on primary sectors with additional policies and programs developed as a compliment to encourage the maintenance and development of the support sectors in Fort Collins. The objective will be to avoid “importing” these services from outside of Fort Collins, thereby, avoiding sending funds outside of Fort Collins. CITY FINANCIAL IMPACTS As a strategic plan, the Resolution does not have a direct financial impact on the City. The strategy will direct Economic Health Office staff in the development of individual business assistance packages, urban renewal area plans, and programs that may have direct financial impact. These individuals packages, plans, and programs each require their own City Council authorization and will include detailed analysis of financial impacts. BOARD / COMMISSION RECOMMENDATION The Economic Advisory Commission recommends approval of the resolution. (Attachment 4) PUBLIC OUTREACH The revisit of the strategic plan relies on public engagement gathered as part of the 2012 strategic planning process, including: Agenda Item 16 Item # 16 Page 4  Public engagement on City Plan  Focus groups with key stakeholders (cluster managers, primary employers, small employers)  Several working sessions with the Economic Advisory Commission In addition, the revisit looks to public engagement conducted to develop the City’s Strategic Plan in late 2013 and early 2014. Finally, additional public engagement was conducted in the development of this draft, including:  Two presentations to the Economic Advisory Commission: September 17, 2014 and February 18, 2015 (Attachment 1)  A presentation to the Natural Resource Advisory Board: December 17, 2014 (Attachment 3)  A presentation to the Air Quality Advisory Board: February 23, 2015 (meeting minutes unavailable)  Two public open houses: January 22, 2015 and January 29, 2015  Two presentations to the Fort Collins Area Chamber of Commerce - Local Legislative Affairs Committee, October 2014 and February 2015  A presentation to representatives of Save the Poudre, February 17, 2015  An invitation to present to the Sierra Club - timing did not allow a meeting  Individual discussions with community partners (e.g., Rocky Mountain Innosphere, Larimer County Small Business Development Center, Larimer County Workforce) ATTACHMENTS 1. Economic Advisory Commission minutes, September 17, 2014 and February 18, 2015 (PDF) 2. Public Engagment Plan Summary (PDF) 3. Natural Resource Advisory Board minutes, December 17, 2014 (PDF) 4. Economic Advisory Commission - Recommendation to Approve, February 17, 2015 (PDF) 5. Sustainability Assessment Summary and Tool (PDF) 6. Powerpoint presentation (PDF) ATTACHMENT 1 PUBLIC ENGAGEMENT SUMMARY PROJECT TITLE: ECONOMIC HEALTH STRATEGIC PLAN OVERALL PUBLIC INVOLVEMENT LEVEL: Inform and Consult BOTTOM LINE QUESTION: Do stakeholders agree with the realignment of the Economic Health Strategic Plan to be more in tandem with the triple-bottom-line approach of the entire Sustainability Services division and the City’s Strategic Plan? KEY STAKEHOLDERS: Businesses Residents Economic Advisory Council Chamber of Commerce (LLAC) Air Quality Advisory Board Energy Board Natural Resources Advisory Board Community Development Block Grant Advisory Board TIMELINE: Phase 1: Timeframe: Fall 2014 (Proposed plan drafted) Key Messages:  The Economic Health Strategic Plan has not been updated in the two years since the formation of the Sustainability Services Area.  This revised strategic plan will incorporate the triple-bottom-line philosophy inherent in the City’s overall Strategic Plan and more closely align with emerging strategic plans in Social Sustainability and Environmental Services.  This realignment will result in more long-term integration of the three areas of the triple-bottom- line stool. Tools and Techniques:  Fact sheet  Presentations to boards and commissions, other interested community partners  Social media/IdeaLab to gather additional input PHASE 2: Timeframe: Early 2015 (Plan adopted and implementation) Key Messages: ATTACHMENT 2  Focus areas are likely to be: Shared Prosperity, Grow Our Own, Think Regionally, Climate Economy and Place Matters  The Economic Health Strategic Plan has not been updated in the two years since the formation of the Sustainability Services Area.  This revised strategic plan will incorporate the triple-bottom-line philosophy inherent in the City’s overall Strategic Plan and more closely align with emerging strategic plans in Social Sustainability and Environmental Services. Tools and Techniques:  Disseminate new plan to boards and commissions, other interested parties  Fact sheet  Social media/IdeaLab ATTACHMENT 3 Boards & Commissions 300 Laporte Avenue PO Box 580 Fort Collins, CO 80522 970.416.2525 970.224.6107 - fax fcgov.com MEMORANDUM Motion: Passed 5-2 (Nays: Stanley & Colton) “The Economic Advisory Commission supports the approval and adoption of the updated Economic Health Strategic Plan as a living document and encourages the City Council and Economic Advisory Commission to request regular implementation updates and reviews of the plan.” DATE: March 3, 2015 TO: Mayor Karen Weitkunat and City Councilmembers CC: Darin Atteberry, City Manager FROM: Economic Advisory Commission RE: EAC Recommendation in support of Adopting an Update to the Economic Health Strategic Plan ATTACHMENT 4 SUSTAINABILITY ASSESSMENT SUMMARY DATE: March 3, 2015 SUBJECT: Sustainability Assessment (SA) Summary for Economic Health Strategic Plan Update Key issues identified: Social  Increased economic opportunity does not naturally translate into lower unemployment/under-employment; outside talent often fills the available positions. Environmental  Additional businesses and people need additional resources that impact land, water, air, energy, transportation, etc.  Infill and redevelopment will impact the visual/landscape or aesthetic elements of the community – potentially positive and/or negative. Suggested mitigation actions: Social  The plan calls for a number of strategies to mitigate this very issue, including: increased on-the-job training, aligning local educational institutions with employer needs, focusing on re-training efforts, and understanding the skills gap. Environmental Economic , 2.5 Social , 1.7 Environmental -1.3 Rating Average, 1.0 0.0 -4.0 -3.0 -2.0 -1.0 0.0 1.0 2.0 3.0 4.0 Sustainability Rating Rating without mitigation Rating with mitigation Rating Legend 3 Very positive 2 Moderately positive 1 Slightly positive 0 Not relevant or neutral -1 Slightly negative -2 Moderately negative, impact likely -3 Very negative, impact expected ATTACHMENT 5 2  Working with existing businesses to improve their energy and water efficiencies and air quality;  Encouraging businesses to invest in carbon reduction efforts to reduce their footprint and operational costs; and  Encouraging innovation relative to energy and water efficiency to meet community goals and create new economic opportunity. *The Fort Collins SAT was developed by modifying the Triple Bottom Line (TBL) Analysis Tool developed by Eugene, Oregon, July 2009. 1 City of Fort Collins SUSTAINABILITY ASSESSMENT TOOL (SAT) (November 2014) Creating a sustainable community Plan Fort Collins is an expression of the community’s resolve to act sustainably: to systemically, creatively, and thoughtfully utilize environmental, human, and economic resources to meet our present needs and those of future generations without compromising the ecosystems upon which we depend. How to use the tool The Sustainability Assessment Tool (SAT) is designed to inform a deeper understanding of how policy and program choices affect the social equity, environmental health and economic health of the community. The City of Fort Collins has developed a Sustainability Assessment Framework that describes the purpose, objectives, and guidelines to assist City Program/Project Managers to determine: • The process for cross-department collaboration in using the SAT • Timing for applying a SAT • When to apply a SAT • How to document the results of the SAT and present at City Council Work Sessions and Regular Council Meetings Further detailed guidance is available at: http://citynet.fcgov.com/sustainability/sustainabilityassessments.php The SAT does not dictate a particular course of action; rather, the analysis provides policy makers and staff with a greater awareness of some of the trade-offs, benefits and consequences associated with a proposal, leading to more mindful decision-making. Brief description of proposal Please provide a brief description of your proposal – 100 words or less The purpose of this agenda item is to consider approval of an update to the Economic Health Strategic Plan previously approved by City Council on June 26, 2012 (Resolution 2012-044; Vote: 7-0 in favor). The update responds to a City Council request to evaluate changes to the existing strategic plan and seeks alignment with the objectives of the Sustainability Service Area (formed in 2012). Staff lead(s): Please note staff name, position/division and phone number Josh Birks, Economic Health Director, 970-221-6324 2 Social Equity Described: Placing priority upon protecting, respecting, and fulfilling the full range of universal human rights, including those pertaining to civil, political, social, economic, and cultural concerns. Providing adequate access to employment, food, housing, clothing, recreational opportunities, a safe and healthy environment and social services. Eliminating systemic barriers to equitable treatment and inclusion, and accommodating the differences among people. Emphasizing justice, impartiality, and equal opportunity for all. Goal/Outcome: It is our priority to support an equitable and adequate social system that ensures access to employment, food, housing, clothing, education, recreational opportunities, a safe and healthy environment and social services. Additionally, we support equal access to services and seek to avoid negative impact for all people regardless of age, economic status, ability, immigration or citizenship status, race/ethnicity, gender, relationship status, religion, or sexual orientation. Equal opportunities for all people are sought. A community in which basic human rights are addressed, basic human needs are met, and all people have access to tools and resources to develop their capacity. This tool will help identify how the proposal affects community members and if there is a difference in how the decisions affect one or more social groups. Areas of consideration in creating a vibrant socially equitable Fort Collins are: basic needs, inclusion, community safety, culture, neighborhoods, and advancing social equity. Analysis Prompts • The prompts below are examples of the issues that need to be addressed. They are not a checklist. Not all prompts and issues will be relevant for any one project. Issues not covered by these prompts may be very pertinent to a proposal - please include them in the analysis.  Is this proposal affected by any current policy, procedure or action plan? Has advice been sought from organizations that have a high level of expertise, or may be significantly affected by this proposal? Proposal Description 1. Meeting Basic Human Needs • How does the proposal impact access to food, shelter, employment, health care, educational and recreational opportunities, a safe and healthy living environment or social services? • Does this proposal affect the physical or mental health of individuals, or the status of public health in our community? • How does this proposal contribute to helping people achieve and maintain an adequate standard of living, including housing, or food affordability, employment opportunities, healthy families, or other resiliency factors? Analysis/Discussion  People need a level of economic stability in order to meet their basic human needs; access to increased job opportunities creates greater economic stability.  On-the-job training provides opportunities for transferable skills and certifications to move community members through the economy. Reduction in commute times allows community members to spend more time with their families and have healthier lifestyles.  The more successful businesses are the more income is available the more tax base there is to fund the amenities (e.g., education and recreational opportunities) – also allows for re-circulation of funds in the local economy.  By supporting innovation new opportunities are created for local residents to gain employment or start their own business leading to greater economic stability.  Cost burdened households are less able to contribute to the local economy. Creating job opportunities can reduce the number of cost 3 burdened households.  Having a job and opportunities within your community reduces stress and increases individual well-being; more time with family; quality of life.  More jobs do not just translate into greater opportunity for residents – many jobs get filled by outside talent. Plan includes several strategies to mitigate this outcome (e.g., on-the-job training, evaluating skills gap, addressing employer needs through re-training).  The Climate Economy -help businesses prepare for disruptive events and become more sustainable through them; increased individual and community resiliency (i.e., if a business closes due to an event it impacts an individual’s basic human needs).  Infill and redevelopment tools (e.g., Tax Increment Financing) can be used to achieve affordable housing and climate action goals.  By helping businesses prepare for disruptive events and long-term climate change the businesses become more sustainable. Sustainable businesses less likely to be disrupted by events and therefore less likely to reduce workforce adding to and individual’s ability to meet their basic needs and overall community resiliency. 2. Addressing Inequities and being Inclusive • Are there any inequities to specific population subsets in this proposal? If so, how will they be addressed? • Does this proposal meet the standards of the Americans with Disabilities Act? • How does this proposal support the participation, growth and healthy development of our youth? Does it include Developmental Assets? • If the proposal affects a vulnerable section of our community (i.e. youth, persons with disabilities, etc.)  Encouraging jobs along the income and educational spectrum addresses inequity in the community specifically where there is currently a lack of jobs at a point along the spectrum.  Start-up and small business create a large number of new jobs many of which exist across a broad range of the income and educational spectrum.  Understanding the skills gap and identifying strategies to address that gap specifically through diversity of training/employment opportunities  Business community is heavily involved in the non-profit and foundation community – supporting the community’s safety net programs.  Partnering with PSD addresses the role of youth in the workforce.  Partner with entities that seek to support/understand the role of the Millennials in the workforce improves opportunities for this demographic cohort.  Broadband development can address the digital divide and internet access inequity. 3. Ensuring Community Safety • How does this proposal address the specific safety and personal security needs of groups within the community,  Employment and income has a relationship with crime. Increasing employment opportunities may indirectly lead to lower crime rates.  Enhanced collaboration provides a foundation to address disruptive 4 including women, people with disabilities, seniors, minorities, religious groups, children, immigrants, workers and others? events (e.g., natural disasters, financial downturns, etc.). 4. Culture • Is this proposal culturally appropriate and how does it affirm or deny the cultures of diverse communities? • How does this proposal create opportunities for artistic and cultural expression?  The plan calls for enhancing the arts and culture sector through the evaluation of a Creative District in Old Town.  Supporting the local craft beer industry and food producing economy has a cultural impact that attracts talent. 5. Addressing the Needs of Neighborhoods • How does this proposal impact specific Fort Collins neighborhoods? • How are community members, stakeholders and interested parties provided with opportunities for meaningful participation in the decision making process of this proposal? • How does this proposal enhance neighborhoods and stakeholders’ sense of commitment and stewardship to our community?  Targeted infill and redevelopment affects neighborhoods potentially in both positive and negative ways and provides opportunities to create new districts and neighborhoods.  Development of the plan include public outreach to gain input from stakeholders and the public  Redevelopment efforts address infrastructure deficiencies  Broadband development can address the digital divide and internet access inequity 6. Building Capacity to Advance Social Equity • What plans have been made to communicate about and share the activities and impacts of this proposal within the City organization and/or the community? • How does this proposal strengthen collaboration and cooperation between the City organization and community members?  Think Regionally – encourages partnering beyond our community boundaries.  Many strategies include partnering with a broad range of community members and organizations.  Working with county-wide and regional partners strengthens collaboration and has the potential to align vision and purpose. Social Equity Summary Meeting basic human needs is a key aspect of establishing social equity in a community. The plan addresses this issue by focusing on creating economic opportunity to a greater number of residents (specifically across the income/educational attainment spectrums). By creating economic opportunity the plan helps to address basic human needs through lower unemployment and under-employment and higher wages. Key issues:  Increased economic opportunity does not naturally translate into lower unemployment/under-employment; outside talent often fills the available positions. Potential mitigation strategies:  The plan calls for a number of strategies to mitigate this very issue, including: increased on-the-job training, aligning local educational institutions with 5 employer needs, focusing on re-training efforts, and understanding the skills gap. Overall, the effect of this proposal on social equity would be: Please reach a consensus or take a group average on the rating, enter an “x” in one of the following boxes and indicate the overall rating. Rating represents group consensus Rating represents group average X +3 +2 +1 0 -1 -2 -3 Very positive Moderately positive Slightly positive Not relevant or neutral Slightly negative Moderately negative, impact likely Very negative, impact expected 1.7 Environmental Health Described: Healthy, resilient ecosystems, clean air, water, and land. Decreased pollution and waste, lower carbon emissions that contribute to climate change, lower fossil fuel use, decreased or no toxic product use. Prevent pollution, reduce use, promote reuse, and recycle natural resources. Goal/Outcome: Protect, preserve, and restore the natural environment to ensure long-term maintenance of ecosystem functions necessary for support of future generations of all species. Avoid or eliminate adverse environmental impacts of all activities, continually review all activities to identify and implement strategies to prevent pollution; reduce energy consumption and increase energy efficiency; conserve water; reduce consumption and waste of natural resources; reuse, recycle and purchase recycled content products; reduce reliance on non-renewable resources. Analysis Prompts • The prompts below are examples of issues that need to be addressed. They are not a checklist. Not all prompts and issues will be relevant for any one project. Issues not covered by these prompts may be very pertinent to a proposal – please include them in the analysis. • Is this proposal affected by any current policy, procedure or action plan? Has advice been sought from organizations that have a high level of expertise, or may be significantly affected by this proposal? 1. Environmental Impact • Does this proposal affect ecosystem functions or processes related to land, water, air, or plant or animal communities? • Will this proposal generate data or knowledge related to the use of resources? • Will this proposal promote or support education in prevention of pollution, and effective practices for reducing, reusing, and recycling of natural resources? • Does this proposal require or promote the continuous improvement of the environmental performance of the City organization or community? • Will this proposal affect the visual/landscape or aesthetic Analysis/Discussion  Additional businesses and people need additional resources that impact land, water, air, energy, transportation, etc. 6 elements of the community? elements of the community – potentially positive and/or negative. 2. Climate Change • Does this proposal directly generate or require the generation of greenhouse gases (such as through electricity consumption or transportation)? • How does this proposal align with the carbon reduction goals for 2020 goal adopted by the City Council? • Will this proposal, or ongoing operations result in an increase or decrease in greenhouse gas emissions? • How does this proposal affect the community’s efforts to reduce greenhouse gas emissions or otherwise mitigate adverse climate change activities?  By engaging the business community to invest in carbon reduction efforts the plan support the community’s greenhouse gas emission goals.  By support the targeted industry clusters (clean energy, water innovation, bioscience, technology – chip design/enterprise software and local foods) the City enhances the opportunities for new discoveries in climate adaption, carbon reduction, and preservation.  Businesses development will increase GHG; potential mitigation opportunities exist through the innovation of new products and services to address carbon emissions  Plan calls for engagement with the business community to reduce carbon emissions; including: o Infill/redevelopment to meet climate action goals; o Encourage investment in carbon reduction efforts by business; o Innovation to develop new carbon reduction technologies and methods; and o The availability of additional jobs especially across the entire income and educational spectrums can reduce commuting patterns. 3. Protect, Preserve, Restore • Does this proposal result in the development or modification of land resources or ecosystem functions? • Does this proposal align itself with policies and procedures related to the preservation or restoration of natural habitat, greenways, protected wetlands, migratory pathways, or the urban growth boundary • How does this proposal serve to protect, preserve, or restore important ecological functions or processes?  Plan acknowledges the importance of a balance of land uses, including open space, natural areas, as well as development (e.g., residential and commercial).  Infill and redevelopment avoids the need for additional consumption of raw land – enabling the opportunity to protect land resources. 4. Pollution Prevention • Does this proposal generate, or cause to be generated, waste products that can contaminate the environment? • Does this proposal require or promote pollution prevention through choice of materials, chemicals, operational practices and/or engineering controls? • Does this proposal require or promote prevention of pollution from toxic substances or other pollutants regulated by the state or federal government?  New businesses develop new waste products and pollutants  Plan calls to evaluate and understand opportunities to increase carbon reduction efforts of business  Each business and project has unique impacts 7 • Will this proposal create significant amounts of waste or pollution?  A regional strategy to address key issues will lead to greater efficacy of efforts (e.g., regional energy efficiency efforts reduce a greater amount of greenhouse gas emissions). 5. Rethink, Replace, Reduce, Reuse, Recirculate/Recycle • Does this proposal prioritize the rethinking of the materials or goods needed, reduction of resource or materials use, reuse of current natural resources or materials or energy products, or result in byproducts that are recyclable or can be re-circulated?  A regional by-products synergy network enables the waste from one industry to be reused by another industry avoiding the need to consumer additional raw materials.  The plan calls for developing a waste by products synergy network to try and reduce the impact of new/existing waste products 6. Emphasize Local • Does this proposal emphasize use of local materials, vendors, and or services to reduce resources and environmental impact of producing and transporting proposed goods and materials? • Will the proposal cause adverse environmental effects somewhere other than the place where the action will take place?  Encourages/promotes the creation of businesses from within the community  Supports local food system through cluster efforts  Plan does not support any one industry – each industry has varying environmental effects somewhere other than in the community  The local land code keeps heavy industry out of our community – causing the environmental effects to occur outside our community Environmental Health Summary The plan clearly recognizes the role of a healthy environment and ecosystems in the future success of an economy. In addition, the plan recognizes the role of amenities such as open space, natural areas, and recreation in retaining and attracting talent to the community. Finally, the plan contemplates a number of strategies to help engage and integrate the business community into climate adaptation and other community goals (e.g., affordable housing). Key issues:  Additional businesses and people need additional resources that impact land, water, air, energy, transportation, etc.  Infill and redevelopment will impact the visual/landscape or aesthetic elements of the community – potentially positive and/or negative. Potential mitigation strategies: Potential mitigation strategies include:  Working with existing businesses to improve their energy and water efficiencies and air quality;  Encouraging businesses to invest in carbon reduction efforts to reduce their footprint and operational costs; and  Encouraging innovation relative to energy and water efficiency to meet community goals and create new economic opportunity. 8 Overall, the effect of this proposal on environmental health would be: Please reach a consensus or take a group average on the rating, enter an “x” in one of the following boxes and indicate the overall rating. Rating represents group consensus Rating represents group average X +3 +2 +1 0 -1 -2 -3 Very positive Moderately positive Slightly positive Not relevant or neutral Slightly negative Moderately negative, impact likely Very negative, impact expected -1.3 Economic Health Described: Support of healthy local economy with new jobs, businesses, and economic opportunities; focus on development of a diverse economy, enhanced sustainable practices for existing businesses, green and clean technology jobs, creation or retention of family waged jobs. Goal/Outcome: A stable, diverse and equitable economy; support of business development opportunities. Analysis Prompts • The prompts below are examples of the issues that need to be addressed. They are not a checklist. Not all prompts and issues will be relevant for any one project. Issues not covered by these prompts may be very pertinent to a proposal - please include them in the analysis • Is this proposal affected by any current policy, procedure or action plan? Has advice been sought from organizations that have a high level of expertise, or may be significantly affected by this proposal? 1. Infrastructure and Government • How will this proposal benefit the local economy? • If this proposal is an investment in infrastructure is it designed and will it be managed to optimize the use of resources including operating in a fossil fuel constrained society? • Can the proposal be funded partially or fully by grants, user fees or charges, staged development, or partnering with another agency? • How will the proposal impact business growth or operations (ability to complete desired project or remain in operation), such as access to needed permits, infrastructure and capital? Analysis/Discussion  Enhancing the available local workforce by understanding the skills gap and enhancing training opportunities supports the success of local employers.  Enhancing the availability of on-the-job-training, educational opportunities and the diversity of jobs improves personal incomes. Support of current primary employers through retention and expansion efforts increases opportunities in the local economy.  Encouraging the formation and expansion of local support sector employers reduces the need to import these goods and services from 9  Balancing land use ensures the preservation of vacant land for all uses including employment.  The economy does not respect jurisdictional boundaries; working with regional partners increased the effectiveness of local efforts.  Developing a regional story enhances the ability of individual communities to gain notice of outside funding sources, talent, and businesses.  Maintaining and enhancing regional assets can support business needs and strengthen the local economy. 2. Employment and Training • What are the impacts of this proposal on job creation within Larimer County? • Are apprenticeships, volunteer or intern opportunities available? • How will this proposal enhance the skills of the local workforce?  Enhancing the availability of on-the-job-training, educational opportunities and the diversity of jobs improves personal incomes. Support of current primary employers through retention and expansion efforts increases opportunities in the local economy.  Supporting the local craft beer industry and food producing economy has a cultural impact that attracts talent increasing the available workforce for local employers.  On-the-job training provides opportunities for transferable skills and certifications to move community members through the economy. Reduction in commute times allows community members to spend more time with their families and have healthier lifestyles.  3. Diversified and Innovative Economy • How does this proposal support innovative or entrepreneurial activity? • Will “clean technology” or “green” jobs be created in this proposal? • How will the proposal impact start-up or existing businesses or development projects?  Encouraging entrepreneurship and innovation leads to additional business formation from within the community. New businesses provide new employment opportunities.  Start-up and small business create a large number of new jobs many of which exist across a broad range of the income and educational spectrum.  Understanding the skills gap and identifying strategies to address that gap specifically through diversity of training/employment opportunities. 4. Support or Develop Sustainable Businesses • What percentage of this proposal budget relies on local services or products? Identify purchases from Larimer County and the State of Colorado. • Will this proposal enhance the tools available to businesses to incorporate more sustainable practices in operations and products? • Are there opportunities to profile sustainable and socially responsible leadership of local businesses or educate businesses on triple bottom line practices?  Aiding businesses in responding to climate change impacts enhances their ability to be successful over the long-term.  Encouraging businesses to invest in energy and water efficiency reduces their carbon footprint and on-going operational costs.  Encouraging innovation to address climate change, water conservation, and other objectives can lead to new products and services which have 10 5. Relevance to Local Economic Development Strategy  Encouraging entrepreneurship and innovation leads to additional business formation from within the community. New businesses provide new employment opportunities.  Supporting the local craft beer industry and food producing economy has a cultural impact that attracts talent increasing the available workforce for local employers.  By supporting innovation new opportunities are created for local residents to gain employment or start their own business leading to greater economic stability.  Encouraging the formation and expansion of local support sector employers reduces the need to import these goods and services from outside the community. Economic Prosperity Summary This plan clearly focuses on economic prosperity outcomes and attempts to use social and environmental considerations to optimize that outcome. The plan calls for a number of strategies and actions that will directly address economic prosperity. Key issues: Potential mitigation strategies: Overall, the effect of this proposal on economic prosperity will be: Please reach a consensus or take a group average on the rating, enter an “x” in one of the following boxes and indicate the overall rating. Rating represents group consensus Rating represents group average X +3 +2 +1 0 -1 -2 -3 Very positive Moderately positive Slightly positive Not relevant or neutral Slightly negative Moderately negative, impact likely Very negative, impact expected 2.5 Economic Health Strategic Plan A New Way of Thinking ATTACHMENT 6 Why Revisit? 2 • Ensure alignment with Community Values • Ensure alignment with City’s Strategic Plan • Deeper integration with Triple Bottom Line • Address emerging challenges: • Workforce demographic shifts • Pace of innovation • Climate change • Community build-out Economic Health Themes 3 • Community Prosperity • Grow Our Own • Place Matters • The Climate Economy • Think Regionally Broaden the Scope 4 Primary. More than 50% of sales outside. A source of high-wage jobs and higher multipliers. 30% of GRP. 22,000 total jobs. Support. Essential services. Significant contributors to GRP and higher than average wages. 52% of GRP. 83,000 total jobs. Services. Low-wages and low multipliers. Likely dependent on discretionary income. 18% of GRP. 57,000 total jobs. Environmental 5 • Reduce commuting • Opportunities for discoveries in climate adaption • Better use of land reducing consumption of raw land • New buildings meet higher energy and water efficiencies • Business investment in carbon reduction supports greenhouse gas emission goals • Reduce and Reuse waste 6 Social • Jobs = ability to meet basic human needs • Opportunities to move community members through the economy • Encouraging jobs along the income/educational spectrum addresses inequity • Infill and redevelopment can achieve community goals • Preparing for disruptive events reduces the likelihood of layoffs as a response Economic 7 • Reducing the skills gap supports local employers • Diversity of jobs improves personal incomes • Retention and expansion supports the local economy • Support sector reduces the need to import • Entrepreneurship/innovation leads to business formation and jobs Economic 8 • New products and services can provide local benefit and new income • Balancing land use ensures preservation of vacant land • Responding to climate change impacts long-term success • Investing in energy and water efficiency reduces carbon footprint and operational costs • Regional assets support businesses and the local economy Public Engagement Process • Public Open House – Two in Jan. ‘15 • Economic Advisory Commission – Sept. ‘14 & Feb. ’15 • Natural Resource Advisory Board – Dec. ’14 • Air Quality Advisory Board – Feb. ‘14 • Chamber of Commerce – Oct. ’14 & Feb. ’15 • Save the Poudre – Feb. ‘15 • Various Community partners – The Innosphere – Small Business Development Center – Larimer County Workforce Center 9 - 1 - RESOLUTION 2015-031 OF THE COUNCIL OF THE CITY OF FORT COLLINS ADOPTING AN UPDATE TO THE ECONOMIC HEALTH STRATEGIC PLAN FOR THE CITY OF FORT COLLINS WHEREAS, on September 5, 2006, the City Council adopted Resolution 2006-097, adopting the City’s Economic Action Plan; and WHEREAS, on February 15, 2011, the City Council adopted Resolution 2011-015, adopting revisions to “City Plan,” the City’s comprehensive plan, including a series of Principles and Policies related to economic health; and WHEREAS, on November 15, 2011, the City Council adopted on Second Reading Ordinance No. 149, 2011, amending Chapter 2 of the City Code to add a new Section 2-506 establishing a new service area to be known as Sustainability Services; and WHEREAS, on June 26, 2012, the City Council adopted Resolution 2012-044, adopting the City’s Economic Health Strategic Plan; and WHEREAS, in 2012, the Economic Health Office became a part of the Sustainability Service Area; and WHEREAS, on March 25, 2014, the City Council considered and discussed the City of Fort Collins 2015-16 Strategic Plan and provided input to staff regarding the content of the plan; and WHEREAS, in July 2014, City staff began working on an update to the Economic Health Strategic Plan as an extension of the City’s previous economic health planning efforts, and in order to integrate, as part of the City’s economic health planning efforts, the concepts and priorities established in the City of Fort Collins 2015-16 Strategic Plan and align the priorities of economic health planning efforts with the priorities of the Sustainability Service Area; and WHEREAS, the Economic Advisory Commission provided input to staff in connection with the planning process, and at its meeting on February 18, 2015, voted to recommend adoption of the Update to the Economic Health Strategic Plan, attached hereto as Exhibit “A” and incorporated herein by this reference (the “Strategic Plan Update”); and WHEREAS, the City Council believes that the adoption and implementation of the Strategic Plan Update will make clear the purpose and reasons for economic health planning and activities in the City of Fort Collins and assist the City in collaborating with academia, business interests, and non-profit and governmental entities to promote a healthy, sustainable economy reflecting community values; and WHEREAS, for the foregoing reasons, the City Council wishes to approve the Strategic Plan Update. - 2 - NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY OF FORT COLLINS as follows: Section 1. That the City Council hereby approves and adopts the Strategic Plan Update. Section 2. That the City Council hereby directs the City Manager to provide the City Council no less frequently than annually a report on the status of the implementation of the Strategic Plan Update, the successes and outcomes from the implementation of that Plan, and any recommendations for interim modifications to the Strategic Plan Update. Passed and adopted at a regular meeting of the Council of the City of Fort Collins this 3rd day of March A.D. 2015. __________________________________ Mayor ATTEST: _____________________________ City Clerk Fort Collins Economic Health COMMUNITY PROSPERITY | GROW OUR OWN PLACE MATTERS | THE CLIMATE ECONOMY | THINK REGIONALLY Strategic Plan Acknowledgements Mayor and City Council Karen Weitkunat.................................................................................................................................................Mayor Gerry Horak.................................................................................................................Mayor Pro Tem, District 6 Bob Overbeck.................................................................................................................................................District 1 Lisa Poppaw....................................................................................................................................................District 2 Gino Campana...............................................................................................................................................District 3 Wade Troxell...................................................................................................................................................District 4 Ross Cunniff .....................................................................................................................................................District 5 Staff Darin Atteberry....................................................................................................................................City Manager Jeff Mihelich........................................................................................................................Deputy City Manager Bruce Hendee.........................................................................................................Chief Sustainability Offi ce Josh Birks...................................................................................................................Economic Health Director Tom Leeson........................................................................................Redevelopment Program Manager SeonAh Kendall.........................................................................Economic Policy and Project Manager Sam Houghteling.................................................................................Graduate Management Assistant Contact Economic Health 300 Laporte Avenue Fort Collins, CO 80521 970-221-6324 jbirks@fcgov.com Table of Contents What is Economic Health ...........................................................................................1 Why a Revisit? ...................................................................................................................................................................2 Plan Structure ...................................................................................................................................................................2 Additional Work Completed ....................................................................................................................................2 A. Community Prosperity ............................................................................................3 Challenges ..........................................................................................................................................................................4 Our Vision .............................................................................................................................................................................4 Our Role ................................................................................................................................................................................4 Goals .......................................................................................................................................................................................5 Alignment to the City of Fort Collins Strategic Plan ................................................................................7 Integration of the Triple Bottom Line ................................................................................................................8 B. Grow Our Own ........................................................................................................... 9 Challenges ....................................................................................................................................................................... 10 Our Vision .......................................................................................................................................................................... 10 Our Role ............................................................................................................................................................................. 10 Goals .....................................................................................................................................................................................11 Alignment to the City of Fort Collins Strategic Plan ..............................................................................13 Integration of the Triple Bottom Line ..............................................................................................................14 C. Place Matters ........................................................................................................... 15 Challenges ....................................................................................................................................................................... 16 Our Vision .......................................................................................................................................................................... 16 Our Role ............................................................................................................................................................................. 16 Goals .....................................................................................................................................................................................17 Alignment to the City of Fort Collins Strategic Plan ............................................................................. 19 Integration of the Triple Bottom Line .............................................................................................................20 D. The Climate Economy .......................................................................................... 21 Challenges .......................................................................................................................................................................22 Our Vision ..........................................................................................................................................................................22 Our Role .............................................................................................................................................................................22 Goals ....................................................................................................................................................................................23 Alignment to the City of Fort Collins Strategic Plan .............................................................................25 Integration of the Triple Bottom Line .............................................................................................................26 E. Think Regionally .....................................................................................................27 Challenges .......................................................................................................................................................................28 Our Vision ..........................................................................................................................................................................28 Our Role .............................................................................................................................................................................28 Goals ....................................................................................................................................................................................29 Alignment to the City of Fort Collins Strategic Plan ..............................................................................31 Integration of the Triple Bottom Line .............................................................................................................32 APPENDIX ........................................................................................................................33 Fort Collins Economic Health Strategic Plan What is Economic Health? The City of Fort Collins intentionally uses the terms “Economic Health” to describe the community’s engagement with the economy. The meaning of health (see defi nition from dictionary.com below) refers to a “general condition of…soundness” and “vitality.” The City uses the word “health” versus “development” when discussing economic activities because the objective is overall soundness and long-term vitality versus short-term or individualized gain. In addition, the triple bottom line focus further reinforces the commitment to a more holistic view of the economy’s role in our community. Health [helth]; noun From the Old English word hælþ meaning “wholeness, a being whole, sound or well” 1. The general condition of the body or mind with reference to soundness and vigor. 2. Soundness of body or mind; freedom from disease or ailment. 3. A polite or complimentary wish for a person’s health, happiness, etc., especially as a toast 4. Vigor; vitality Therefore, the objective of Economic Health is a sustainable economy. A sustainable economy means that residents can fi nd employment and aff ord to live in the community; that businesses are able and encouraged to start, remain, and expand in the community; and that everyone can expect quality City services and sustainable, attractive infrastructure. ECONOMIC HEALTH VISION: Promote a healthy, sustainable economy refl ecting community values City of Fort Collins Economic Health 1 Why a Revisit? In 2011 and 2012 the Economic Health Offi ce (EHO) led a process to update the community’s strategic plan related to economic health. The update followed the City Plan update process completed in early 2011. It was the intent for the update to move beyond the previous 2005 Economic Health Action Plan by developing guiding principles and strategic goals to guide future economic health activities. In 2012, the Economic Health Offi ce joined the Sustainability Service Area (SSA), shortly before the previous version of the Economic Health Strategic Plan (EHSP) was adopted in June of 2012. Now there is a need to align the EHSP with SSA division objectives. Enhancing community resiliency is a key part of this alignment. Finally, the revised plan needs to align with the City’s recently adopted Strategic Plan. In addition, alignment between the three departments of the SSA division will be enhanced by outlining specifi c goals and strategies that describe the triple bottom line. This revisit attempts to describe the overlap between the three individual departments. These goals and strategies are intended to enhance the partnering opportunities between the departments and aid in describing collective objectives. Finally, the revisit is intended to consider several emerging challenges facing the City of Fort Collins economy. These challenges include: • Workforce demographic shifts ; • Pace of innovation or disruptive technologies; • Climate change; and • Community build-out. While many of these challenges are not unique to Fort Collins, they will have unique implications. This update attempts to address these issues through revisions and changes to the previously adopted guiding principles and strategic goals. It is not the intent of this update to re-write or negate the existing adopted EHSP, but rather to enhance the previous version for the reasons stated above. Furthermore, this plan focuses on the City’s contribution to the economic health of the community and is meant to be specifi c to the Economic Health Offi ce’s and internal partners’ work plan for the next three years. Plan Structure • The plan is laid out in themes. Each theme includes relevant challenges, a vision for the future, the role of the City, and numerous goals. The goals include specifi c strategies, a desired outcome, and metrics to evaluate success. Finally, the Economic Health Offi ce has three primary functions related to achieving the goals in each theme, including: • Lead—Economic Health Offi ce has the lead role in implementing the goal (this could include facilitation, coordination, funding, convening). • Partner—Economic Health Offi ce will partner with other City departments and/or local partners to implement the goal (this could include advocating and consulting). • Collaborate—Economic Health Offi ce will consult with other City departments and/or local partners to implement the goal (this could include advocating and collaborating). Additional Work Completed The EHO has completed two major pieces of additional analysis since the Economic Health Strategic Plan was approved in 2012. Each of these documents has been used in developing this update. • Cluster Strategy 2.0 - An update to the Targeted Industry Cluster program completed by TIP Strategies in 2013. The study proposed several adjustments to the cluster program, including the introduction of a competitive funding program for distributing cluster dollars. • Larimer County Labor Force Study - The study, completed by TIP Strategies, does a deep dive on the existing and anticipated labor force community prosperity. City of Fort Collins Economic Health Community Prosperity Supporting a sustainable economy means enhancing the opportunities for all residents to participate in the local economy. The City creates an atmosphere where businesses that align with community values thrive and focuses on retaining, expanding, incubating and, lastly, attracting new businesses. These eff orts focus on Targeted Industry Clusters (clean energy, water innovation, bioscience, technology - chip design/enterprise software, local food) and Sectors (advanced manufacturing, energy, healthcare, and creative industries). In addition, the City supports businesses that exemplify the overall character of the community. Finally, enabling systems that ensure a skilled workforce that meets the needs of local employers through partnerships with other local economic development organizations and educational institutions is important. The economic development profession has long been focused primary jobs, typically defi ned as jobs which produce goods in services in excess of what can be consumed in the local marketplace. This ¬-defi nition has traditionally led practitioners to direct resources toward a relatively narrow range of industries such as manufacturing, company headquarters, wholesale trade, and technology. The assumptions behind this emphasis are generally sound. These jobs have historically generated higher wages and the manufacturing sector frequently has extensive supplier relationships that other sectors do not. In addition, export-driven industries, by defi nition, inject new money into the economy. This limited view of primary jobs should be revisited with the recognition that a host of support sectors provide essential services that enable the primary jobs sectors to operate successfully in the region. They are services that the primary sectors would have to “import” into the region if they were not present locally. They also generate a great deal of wealth in a community and provide essential services to residents in the region as well (See the Appendix for additional information). Challenges  • Rising income disparity • Skills mismatch • Barrier to new business formation • Barriers/access to employment • Persistent underemployment • Shift in manufacturing jobs/public perception • Increase in outbound commuters • Shift in labor force demographics (Boomers/Millennials) • Rising cost of education • Stagnant incomes • Lag between education and employers • Rising student debt • Disproportionate unemployment by education level • Housing aff ordability concerns Our Vision Employment opportunities exist across the income and education/skill spectrums Our Role • Ensure that City policies, land use regulations, and other activities preserve and encourage employment activity • Foster alignment of Economic Health goals and strategies in the City organization, with strategic partners, and in the community • Support workforce development and community amenity initiatives that meet the needs of Fort Collins employers • Catalyze industry sectors and clusters to increase economic diversifi cation • Prioritize capital investment to facilitate development of employment 1. Develop and admininster annually an Employer Satisfaction Survey 2. Continue to develop the Advanced Manufacturing, Healthcare, Energy, and Creative Industry sectors in collaboration with the State’s Offi ce of Economic Development and International Trade (OEDIT) 3. Support private industry identifi cation of short- and long-term skills needed in the workforce to assist educational institutions in curriculum development Community Prosperity CLOSE THE SKILLS GAP AND INCREASE CAREER PATHWAYS IN THE COMMUNITY A.1 1. • Number of Graduates with degrees/certifi cates placed in the local workforce • Labor participation rate • Employer Satisfaction Survey – Access to work-ready employ- ees locally Create alignment between employers, the Workforce Center, and educational institutions regarding future workforce needs needs 1. Continue to convene and invest in targeted clusters/sectors and their supply chain 2. Refi ne and enhance City’s direct assistance tools - target a wide range of businesses with an emphasis on base jobs 3. Enhance the Manufacturing Use Tax Rebate program to reduce cost of business investment 4. Understand supply chain gaps and complementary business/industry to our economy 5. Develop a targeted marketing plan to “tell our story” beyond the region 6. Participate in cross-functional teams to ensure policies, land use regulations, capital investment, and other activities support employment activity EMPLOYMENT OPPORTUNITIES FOR A GREATER NUMBER OF A.2 RESIDENTS • Concentration of targeted industries and sectors measured by the location quotient • Unemployment rate compared to County and State • Workforce distribution within the labor shed (e.g., outbound commuters as a percentage of labor • New business formation by industry/sector Diversify employment opportunities through business retention, expansion, incubation, and attraction needs 1. Engage businesses through a variety of methods (e.g., site visits, surveys, small industry stakeholder meetings, events) to understand needs – linked to the “Voice of Customer” activity described in A.1 2. Assign EHO Staff to liaison with Workforce Center, Larimer County Small Business Development Center (SBDC), Front Range Community College, Colorado State University (CSU), Rocky Mountain Innosphere (Innosphere), and others regarding support services for businesses 1. Expand access to training programs, including short-term skill building programs to build career pathways that allow individuals to secure a job or advance in high-demand industry and occupations 2. Identify additional funding sources to support on- the-job training for new and existing workers 3. Support workplace education and training opportunities A.4 • Use of training grants and opportunities • Employer Satisfaction Survey – Access to work-ready employ- ees locally • Labor participation rate • Per capita income Develop career pathways across educational attainment levels needs 6 INCREASE THE NUMBER OF WORK-READY EMPLOYEES community prosperity. grow our own. place matters. the climate economy. think regionally. 666 Community Prosperity 1. Align economic health goals and strategy across all levels of the organization and refi ne and agree upon the economic tools the City uses (EH 3.1) 2. Improve policies and program to retain, expand, incubate, and attract primary employers where consistent with City goals (EH 3.2) 3. Support workforce development and community amenities/initiatives that meet the needs of employers within the city (EH 3.3) 4. Improve eff ectiveness through collaboration with economic-health oriented regional partners (EH 3.4) Alignment to the City of Fort Collins Strategic Plan City of Fort Collins Economic Health ECONOMY SOCIAL • Enhancing the available local workforce by understanding the skills gap and enhancing training opportunities supports the success of local employers. • Enhancing the availability of on-the-job- training, educational opportunities and the diversity of jobs improves personal incomes. • Support of current primary employers through retention and expansion eff orts increases opportunities in the local economy. • Encouraging the formation and expansion of local support sector employers reduces the need to import these goods and services from outside the community. • People need a level of economic stability in order to meet their basic human needs access to increased job opportunities create greater economic stability. • On-the-job training provides opportunities for transferable skills and certifi cations to move community members through the economy. • Reduction in commute times allows community members to spend more time with their families and have healthier lifestyles. • Encouraging jobs along the income and educational spectrum addresses inequity in the community where there are currently a lack of jobs at a point along the spectrum. Integration of the Triple Bottom Line ENVIRONMENT • Additional businesses and people require additional resources and impact land, water, air, energy, and transportation. • These impacts can be mitigated by helping businesses reduce resource needs, reuse existing resources, and improving their carbon footprint. • The availability of additional jobs especially across the entire income and educational spectrums can reduce commuting patterns. community prosperity. grow our own. place matters. the climate economy. think regionally. 8 grow our own. City of Fort Collins Economic Health Grow Our Own Fort Collins has numerous sources of innovation, intellectual property and inventions within its city limits, including Colorado State University (CSU), federal research labs and a long list of innovative companies. As a result, the city has one of the highest rates of innovation in the United States, producing 10 patents per 10,000 residents annually. This fact, coupled with the recognition that entrepreneurship can be a powerful engine of economic prosperity, has led the City to identify innovation as a cornerstone of the Fort Collins economy. This theme focuses on nurturing entrepreneurship and innovation across the spectrum of companies – small to large, and existing to start-up. Challenges  • Lack of capital • Disjointed/misaligned resources • Barriers to new business forming from within existing businesses (“spin- out”) • Barriers to new business formation • Challenges to retaining start-up and 2nd stage businesses • Infrastructure defi ciencies • Lack of critical mass in certain target industry clusters • Failure to convert intellectual property (patents) into new businesses • Lack of suitable and aff ordable sites to accommodate high-growth companies Our Vision Our economic ecosystem fosters the development of new and creative industry Our Role • Ensure alignment of resources such as reliable, ultra-high speed internet services across the community to incubate new businesses and support entrepreneurs • Identify barriers to spin-out, new business formation, and conversion of intellectual property to economic activity and develop new approaches to address the identifi ed barriers • Work with business community to ensure an adequate supply of employment land (offi ce and industrial) to meet the need of new business formation and expansion community prosperity. grow our own. place matters. the climate economy. think regionally. Image Reference - Black’s Glass, a locally owned family business, has been serving Northern Colorado since 1908. 10 1. Leverage cluster funding to address barriers within specifi c industries (e.g., talent development, market expansion, etc.) 2. Continue to develop the Advanced Manufacturing, Healthcare, Energy, and Creative Industry sectors in collaboration with the State’s Offi ce of Economic Development and International Trade (OEDIT) 3. Inventory existing resources, understand barriers and gaps, and ensure alignment of resources across local and regional organizations to address barriers and gaps 4. Convene partners that provide support services to entrepreneurs regularly (i.e., quarterly or semi- annually), including Innosphere, Galvanize, SBDC, CSU, Blue Ocean, SpokesBuzz 5. Ensure City’s policies and regulations support and encourage business formation 6. Connect with state partners (US Patent Offi ce, OEDIT, etc.) and leverage other funding sources Grow Our Own INCREASE ECONOMIC ACTIVITY THROUGH INNOVATION AND B.1 ENTREPRENEURISM • New business formation by industry/sector • Total number of annual patents and patents per 10,000 residents • Number of patents produced by Innosphere and CSU based companies • Research Spending – CSU, Research Labs, private sector (if available) Remove barriers and provide support to spin-out, new business formation, and conversion of intellectual property to economic activityeeds 1. Sponsor and support programs/events that promote entrepreneurs (e.g., Blue Ocean Challenge) 2. Continue to develop the Advanced Manufacturing, Healthcare, Energy, and Creative Industry sectors in collaboration with the State’s Offi ce of Economic Development and International Trade (OEDIT) 3. Create a program or issue challenge that would help the City meet its goals or address its challenges through innovative solutions 4. Leverage funding to target new business formation by underserved populations (e.g., veterans, individuals with disabilities, minorities and women) 5. Complete a land readiness analysis of existing offi ce and industrial vacant land to understand the supply of employment land and barriers to development – specifi cally targeting opportunities for companies graduating from local/regional accelerators and incubators INCREASE THE NUMBER OF NEW START-UPS AND B.2 ENTREPRENEURS • Concentration of targeted industries and sectors measured by the location quotient • New business formation by industry/sector • Output per capita (measure of productivity) – in Target Industries 1. Support partners (e.g., Innosphere and CSU Ventures) working to provide new or enhanced capital sources – evaluate the City’s role in capital access 2. Leverage the City’s role as a large consumer and market maker to foster innovation and support innovative companies / entrepreneurs 3. Evaluate/develop/implement the use of federal Housing and Urban Development’s Section 108 funds to support business lending (revolving loan/ micro fi nance) 4. Consider the use of federal Community Development Block Grant (CDBG) funding to develop a revolving loan/micro fi nance program B.4 • Funds available in capital access tools and percent placed with companies • Funds raised by start-up companies Support the development of new and enhanced capital access tools for entrepreneurs and cutting-edge companies INCREASE CAPITAL TO SUPPORT START-UP COMPANIES AND ENTREPRENEURS community prosperity. grow our own. place matters. the climate economy. think regionally. 12 Grow Our Own Alignment to the City of Fort Collins Strategic Plan City of Fort Collins Economic Health 1. Improve policies and program to retain, expand, incubate, and attract primary employers where consistent with City goals (EH 3.2) 2. Support workforce development and community amenities/initiatives that meet the needs of employers within the city (EH 3.3) 3. Improve eff ectiveness through collaboration with economic-health oriented regional partners (EH 3.4) 4. Encourage the development of reliable, ultra high speed internet services throughout the community (EH 3.11) ECONOMY ENVIRONMENT SOCIAL • Encouraging entrepreneurship and innovation leads to additional business formation from within the community. • New businesses provide new employment opportunities. • New products and services can provide local benefi t (especially if focused on community goals) and bring new income to the community when they are exported beyond our borders. • Support of local Targeted Industry Clusters (clean energy, water innovation, bioscience, technology – chip design/enterprise software and local foods) enhance opportunities for new discoveries in climate adaption and preservation opportunities. • The Internet of Things provides opportunity for disruptive technologies and solutions. • By supporting innovation new opportunities are created for local residents to gain employment or start their own business leading to greater economic stability. • Start-up and small business create a large number of new jobs many of which exist across a broad range of the income and educational spectrum, which can address inequity in the community where there is currently a lack of jobs at a point along the spectrum. Integration of the Triple Bottom Line community prosperity. grow our own. place matters. the climate economy. think regionally. 14 place matters. City of Fort Collins Economic Health Place Matters Rather than “deal making,” the City’s approach to Economic Health is one of “place making” that is a decision-making approach intended to preserve and enhance a vibrant community by optimizing its economy, environment and social values. Achieving this outcome requires balancing the built and natural environment while delivering high quality and comprehensive infrastructure that preserves the City’s sense of place. This theme focuses on the role that place plays in a sustainable economy. Challenges • Cost of redevelopment • Land supply constraints • Infrastructure defi ciencies • Adapting to future population growth • Rising material and labor costs • Rising land costs • Aging building inventory • Lack of available high quality offi ce and industrial properties Our Vision A balanced built and natural environment Our Role • Ensure the infrastructure provided by the City is high-quality and supports business • Support infi ll and redevelopment to meet climate action strategies and other community goals • Preserve the City’s sense of place by encouraging strategic public and private investment • Help businesses navigate City processes (e.g., development review, licensing, etc.) community prosperity. grow our own. place matters. the climate economy. think regionally. Image Reference - Downtown Fort Collins (“Old Town”) is the vibrant heart and soul of the community. Downtown is anchored by a historic retail and entertainment district, an area of unique and vital businesses located along selected blocks of College Avenue, Old Town Square and the immediate vicinity. 16 1.  Participate in cross-functional teams to ensure policies, land use regulations, capital investment, and other activities support employment activity 2. Work with representatives of the local business and development community to gather input on the development review process and share fi ndings with other City departments 3. Assign EHO Staff to act as liaisons with Planning Services Place Matters MAINTAIN CLEAR, PREDICTABLE C.1 AND TRANSPARENT PROCESSES • Response time to business inquiries and issues Facilitate collaboration among City departmentseds 1. Maintain and enhance relationships with land owners and the development community to meet City objectives 2. Utilize a newly developed process for forming urban renewal areas and tax increment fi nancing districts that goes beyond the State requirements 3. Improve and maintain the Fort Collins Urban Renewal Authority’s relationship with underlying taxing entities, including Larimer County, Poudre School District, and others 4. Utilize the Fort Collins Urban Renewal Authority, special fi nancing districts, and other mechanisms to encourage implementation of the City’s vision for each targeted redevelopment area, including infrastructure improvements and quality redevelopment projects LEVERAGE INFILL AND REDEVELOPMENT THAT MEETS MULTIPLE COMMUNITY C.2 OBJECTIVES • Ratio of public to private investment in partnerships Leverage private investment in targeted infi ll and redevelopment areasds 1.  Utilize a newly developed process for forming urban renewal areas and tax increment fi nancing districts that goes beyond the State requirements – prioritize redevelopment projects that include a mix of compatible land uses 2. Participate in cross-functional teams to ensure policies, land use regulations, capital investment, and other activities support the desired development pattern as defi ned in City Plan 3. Complete a land readiness analysis of existing offi ce and industrial vacant land to understand the supply of employment land and barriers to development – emphasize the use of redevelopment and infi ll to meet future needs BALANCE LAND USES THAT C.3 SUPPORT A HEALTHY ECONOMY • Jobs to housing ratio • Average home price and average rent rate • Vacancy rates – offi ce, industrial, retail, and apartments Maintain a mix of land uses that supports the retention and expansion of businesses while encouraging a broad 1. Utilize a newly developed process for forming urban renewal areas and tax increment fi nancing districts that goes beyond the State requirements – encourage catalyst projects that inspire private sector response in these key targeted areas 2. Participate in comprehensive planning, subarea planning, and capital projects planning and prioritization to ensure plans address identifi ed infrastructure defi ciencies 3. Partner in the development of a Creative District, as defi ned by the State of Colorado, to support the promotion of arts and culture activities that attract entrepreneurs and an educated workforce – Led by Community Services staff 4. Encourage the design and construction of aesthetically pleasing entryways into the community 5. Encourage the support and maintenance of the Fort Collins Loveland Airport as an amenity to the local economy and residents C.4 • Dollars of public investment in infrastructure • Private sector investment in key redevelopment areas Encourage the development of vibrant business districts, commercial nodes and commercial corridors through strategic public infrastructure investment INVEST IN PUBLIC INFRASTRUCTURE UPGRADES THAT SUPPORT BUSINESS C.5 • Visitation numbers to downtown and special events • Citizen survey results ENCOURAGE A CULTURE AND ECONOMY UNIQUE TO FORT COLLINS AND CONSISTENT WITH COMMUNITY VALUES community prosperity. grow our own. place matters. the climate economy. think regionally. e a newly developed process for forming renewal areas and tax increment fi nancing cts that goes beyond the State requirements ourage catalyst projects that inspire private r response in these key targeted areas ipate in comprehensive planning, subarea ng, and capital projects planning and ization to ensure plans address identifi ed tructure defi ciencies er in the development of a Creative District, fined by the State of Colorado, to support the otion of arts and culture activities that attract preneurs and an educated workforce – Led mmunity Services staff urage the design and construction of etically pleasing entryways into the munity urage the support and maintenance of the ollins Loveland Airport as an amenity to the economy and residents of public investment in infrastructure sector investment in key redevelopment areas rage the development of vibrant Place Matters Alignment to the City of Fort Collins Strategic Plan City of Fort Collins Economic Health 1. Support workforce development and community amenities/initiatives that meet the needs of employers within the city (EH 3.3) 2. Support sustainable infi ll and redevelopment to meet climate action strategies (EH 3.7) 3. Preserve the City’s sense of place (EH 3.9) 4. Provide transparent, predictable and effi cient processes for citizens and business interacting with the City (EH 3.9) 5. Encourage the development of reliable, ultra high speed internet services throughout the community (EH 3.11) ECONOMY ENVIRONMENT SOCIAL • Clear, predictable and transparent processes enable the community to obtain its objectives and reduce the time for business to clear regulatory hurdles. • Infi ll and redevelopment address infrastructure defi ciencies that may negatively impact land values and the economy. • Supporting the local craft beer industry and food producing economy has a cultural impact that attracts talent increasing the available workforce for local employers. • Balancing land use ensures the preservation of vacant land for all uses including employment. • Redevelopment can enable higher and better use of existing land maximizing the community’s output without needing to consume additional raw land. • In addition, redevelopment replaces old structures with new buildings that meet a higher standard leading to energy and water effi ciencies (i.e., the energy star requirement for Urban Renewal Authority projects).By focusing on balancing land uses, resources may be protected that might otherwise not. • Targeted infi ll and redevelopment aff ects neighborhoods potentially in both positive and negative ways and provides opportunities to create new districts and neighborhoods. • Enhancing the arts and culture sector through the evaluation of a Creative District in the Old Town supports the community’s culture. • Supporting the local craft beer industry and food producing economy has a cultural impact that attracts talent. • Infi ll and redevelopment tools (e.g., Tax Increment Financing) can be used to achieve aff ordable housing and climate action goals. Integration of the Triple Bottom Line community prosperity. grow our own. place matters. the climate economy. think regionally. 20 the climate economy. City of Fort Collins Economic Health The Climate Economy The reality of climate change has begun to be recognized by businesses across the nation. As a result, businesses are evaluating numerous conditions that may impact their ability to operate in the near- and long-term. These conditions present challenges that will require adaptation and opportunities to develop new technologies, approaches and expertise. Both adaptation and innovation will be key aspects of creating community resiliency in the face of this outside force. The focus of this theme is embracing the current changes and navigating future changes to create new economic opportunity. Challenges  • Changing environmental conditions • Rising utility costs • Rising commodity prices • Supply chain impacts (E.g., Fukushima & Toyota) • Displacement • Rising temperatures • Costs of carbon footprint reduction • Impact of a carbon tax or similar regulation • Impacts on clean air and water quality Our Vision Businesses adapt to climate change by staying in our community and leverage community carbon reduction goals to develop new products and services Our Role • Develop and attract expertise to the community that addresses impacts to the business community from climate change and carbon reduction • Aid businesses in leveraging the challenges of climate change and carbon reduction into economic opportunities • Ensure that the business community is a full partner in identifying roles and challenges created by climate change, particularly with regard to utility, climate adaptation, and carbon reduction policies and regulations community prosperity. grow our own. place matters. the climate economy. think regionally. Image Reference – Fort Collins Utilities in 2013 launched what was then Colorado’s fi rst Level 3/DC quick charge electric vehicle (EV) charging station at the Fort Collins Museum of Discovery. The station uses the newest advanced technology and can charge an EV in minutes—instead of hours. 22 1. Support training by regional educational institutions (e.g., CSU, etc.), such as seminars, lectures and classes, that identify and address impacts to businesses from climate change 2. Participate and support the re-tooling of ClimateWise to encourage greater awareness and action by businesses 3. Collaborate with Utilities to refi ne incentives and rebates that encourage additional private investment in carbon reduction eff orts 4. Work with the Front Range By-Products Synergy Network and other partnership/collaboration to encourage industrial symbiosis to further reduce and recycle industrial waste products The Climate Economy INCREASE THE UNDERSTANDING OF BARRIERS AND OPPORTUNITIES PRESENTED BY CLIMATE CHANGE D.1 IN THE BUSINESS COMMUNITY • Private investment in energy conservation and carbon reduction eff orts • Private investment in clean air and water quality infrastructure/ improvements Aid businesses in understanding climate change impacts and carbon reduction opportunitieseds 1. Assign EHO Staff to liaison with Utilities and Environmental Services - specifi cally ClimateWise and the Climate Action Plan 2. Articulate the business case for adapting to climate change and aid in communicating community carbon reduction goals to the business community 3. Participate in cross-functional teams to ensure policies, land use regulations, capital investment, and other activities that consider the role of and impact to business of City carbon reduction eff orts 4. Work with the Front Range By-Products Synergy Network and other partnership/collaboration to encourage industrial symbiosis to further reduce and recycle industrial waste products 5. Develop and/or hire internal expertise on business-related climate adaptation and fi nancing carbon reduction eff orts ENGAGE THE BUSINESS COMMUNITY IN CARBON REDUCTION EFFORTSAFFORDABILITY GOALS, D.2 CLIMATE ACTION GOALS, ETC.) • Number of businesses participating in ClimateWise, other carbon reduction goals, and campaigns • Private investment in energy conservation and carbon reduction eff orts • Number of jobs created in new waste reduction and recycling services and infrastructure Collaborate with other City departments to increase business participation in carbon reductions 1. Maintain partnerships with Fort Collins Zero Energy District (FortZED), Colorado Clean Energy Cluster 1. Maintain and enhance relationships with land owners and the development community to meet City objectives 2. Utilize the Fort Collins Urban Renewal Authority, special fi nancing districts, and other mechanisms to encourage implementation of the City’s vision for each targeted redevelopment area, including infrastructure improvements and quality redevelopment projects D.4 • Ratio of public to private investment Support redevelopment and infi ll development to maintain and enhance a compact urban form while reducing environmental impacts ENCOURAGE INFILL AND REDEVELOPMENT THAT MEETS MULTIPLE COMMUNITY OBJECTIVES, SPECIFICALLY CLIMATE ACTION GOALS community prosperity. grow our own. place matters. the climate economy. think regionally. 24 City of Fort Collins Economic Health The Climate Economy Alignment to the City of Fort Collins Strategic Plan City of Fort Collins Economic Health 1. Support workforce development and community amenities/initiatives that meet the needs of employers within the city (EH 3.3) 2. Support sustainable infi ll and redevelopment to meet climate action strategies (EH 3.7) 3. Demonstrate progress toward achieving net zero energy within the community and the City organization using a systems approach (ENV 4.5) 4. Engage citizens in ways to educate and change behavior toward more sustainable living practices (ENV 4.6) 5. Increase the community’s resiliency and preparedness for changes in climate, weather and resource availability (ENV 4.7) 6. Demonstrate progress toward achieving zero waste within the community and the City organization (ENV 4.11) Photo courtesy of New Belgium Brewing Company. 26 ECONOMY ENVIRONMENT SOCIAL • Aiding businesses in responding to climate change impacts enhances their ability to be successful over the long-term. • Encouraging businesses to invest in energy and water effi ciency reduces their carbon footprint and on-going operational costs. • Encouraging innovation to address climate change, water conservation, and other objectives can lead to new products and services which have large potential market opportunities. • Exporting these new products and services and attract additional income to the community. • By engaging the business community to invest in carbon reduction eff orts the plan support the community’s greenhouse gas emission goals. • By support the targeted industry clusters (clean energy, water innovation, bioscience, technology – chip design/enterprise software and local foods) the City enhances the opportunities for new discoveries in climate adaption, carbon reduction, and preservation. • By helping businesses prepare for disruptive events and long-term climate change the businesses become more sustainable. • Sustainable businesses less likely to be disrupted by events and therefore less likely to reduce workforce adding to and individual’s ability to meet their basic needs and overall community resiliency. Integration of the Triple Bottom Line community prosperity. grow our own. place matters. the climate economy. think regionally. think regionally. City of Fort Collins Economic Health Think Regionally Enhancing community resiliency has limitations when a single municipality acts alone. Collaboration with regional partners that crosses municipal boundaries creates greater community resiliency. A number of current conditions and challenges do not respect municipal boundaries, including housing aff ordability, climate adaptation, disaster response, tourism/ visitation opportunities and impacts, and natural resource conservation. This theme focuses on leveraging collaboration and partnerships within our community and region to address these economic issues. Challenges  • Disparity in the share of economic benefi ts regionally • Increased competition for economic activity • Increasing number of regional issues: o Housing aff ordability o Climate resiliency o Disaster response o Tourism/visitation Impacts o Natural resource conservation (e.g. water, land, etc.) o Transportation and transit Our Vision A region that partners to address economic issues which extend beyond municipal boundaries Our Role • Develop strong relationships with our counterparts in the region, including Larimer County • Support local leadership in engaging neighboring communities • Convener of economic recovery entities during natural disasters • Support and develop regional sector initiatives • Identify and market supply chain opportunities for the region community prosperity. grow our own. place matters. the climate economy. think regionally. Image Reference – MAX, a Bus Rapid Transit facility, opened in 2014 and provides high-frequency transit service along the north-south spine of the community. MAX represents a forward-looking view of Northern Colorado where transit provides access throughout the region. 28 1. Continue to develop the Advanced Manufacturing, Healthcare, Energy, and Creative Industry sectors within Region 2 – Larimer and Weld Counties – in collaboration with the State’s Offi ce of Economic Development and International Trade (OEDIT) 2. Collaborate with partners to have one voice on regional issues (e.g., housing aff ordability, climate resiliency, disaster response, tourism/visitation Impacts, natural resource conservation, and transportation and transit), with OEDIT and other state and federal partners 3. Discuss and address regional economic issues with partners and explore opportunities to align local policies with regional priorities and vice versa 4. Develop a plan to respond rapidly to disasters that aff ect the region by working with regional partners to develop a response that emphasizes rapid economic recovery and preventing disasters from having similar impacts Think Regionally ENHANCE COORDINATION ON E.1 REGIONAL ECONOMIC ISSUES • Attendance and participation in meetings and planning by region- al partners and stakeholders • Economic impact of natural disasters • Business interruption and delay due to disasters • Business closures as a result of disasters Strengthen systems for regional collaboration 1. Work collaboratively with partners to identify regional assets and priority projects (e.g., Fort Collins-Loveland Airport, Interstate 25 widening, Rocky Mountain Innosphere, Rocky Mountain National Park) and develop collaborative approaches to maintain and enhance the assets 2. Participate in the development of economic health strategies by regional partners (e.g., Larimer County Economic Development Plan, re-tooling of Northern Colorado Economic Development Corporation) 3. Collaborate with regional partners to understand short-, mid-, and long-term trends impacting the region’s economy ENHANCE REGIONAL ASSETS E.2 THROUGH COLLABORATION • Specifi c milestones and deliverables Work with regional partners to identify regional assets and develop strategies to maintain and enhance these assets 1. Identify and raise awareness of Northern Colorado’s regional strengths within the state of Colorado and nationally 2. Collaborate with Northern Colorado education institutions (e.g., Colorado State University, Front Range Community College, Poudre School District, etc.) 3. Develop a regional economic story with consistent terminology , target industries, and strategy for Northern Colorado 4. Support broadband initiatives in Northern community prosperity. grow our own. place matters. the climate economy. think regionally. 30 Think Regionally Alignment to the City of Fort Collins Strategic Plan City of Fort Collins Economic Health 1. Improve policies and programs to retain, expand, incubate and attract primary employers where consistent with City goals (EH 3.2) 2. Improve eff ectiveness through collaboration with economic-health oriented regional partners (EH 3.4) 3. Increase the community’s resiliency and preparedness for changes in climate, weather and resource availability (ENV 4.7) 4. Create and implement long-term transportation planning and help local and regional transportation networks operate at a high level of effi ciency, including the airport (TRANS 6.5) ECONOMY ENVIRONMENT SOCIAL • The economy does not respect jurisdictional boundaries; working with regional partners increased the eff ectiveness of local eff orts. • Developing a regional story enhances the ability of individual communities to gain notice of outside funding sources, talent, and businesses. • Maintaining and enhancing regional assets can support business needs and strengthen the local economy. • A regional by-products synergy network enable the waste from one industry to be reused by another industry avoiding the need to consumer additional raw materials. • A regional strategy to address key issues will lead to greater effi cacy of eff orts (e.g., regional energy effi ciency eff orts reduce a greater amount of greenhouse gas emissions). • Working with county-wide and regional partners strengthens collaboration and has the potential align vision and purpose. • Enhance collaboration provides a foundation to address disruptive events (e.g., natural disasters, fi nancial downturns, etc.). Integration of the Triple Bottom Line community prosperity. grow our own. place matters. the climate economy. think regionally. 32 City of Fort Collins Economic Health APPENDIX 34 Economic Health | City Hall West | 300 LaPorte Avenue | Fort Collins, CO 80521 Josh Birks | Economic Health Director | jbirks@fcgov.com | 970.221.6324 Colorado POSITION NORTHERN COLORADO AS AN INNOVATION E.3 HUB • Number of contacts • Increase in website visits, corporate/site selector interest • Distribution of regional marketing materials Market Northern Colorado as part of a Rocky Mountain Innovation Corridor City of Fort Collins Economic Health METRICS: STRATEGIES: OUTCOMES: GOALS: (CCEC), Colorado Water Innovation Cluster (CWIC), and other local entities working on innovation related to energy and water 2. Enhance collaboration with CSU related to energy, water, waste, and other carbon reduction aspects 3. Promote and maintain Fort Collins Utility’s position at the cutting edge of sustainable and innovation energy generation and water treatment as a model for other communities 4. Explore and promote business models that create (or extract) economic value from carbon reduction and climate adaptation activities INCREASE INNOVATION RELATED TO CARBON REDUCTION AND WATER CONSERVATION AND D.3 QUALITY • Patent production (or other similar measure) of relevant innova- tion • Job formation in “green” industries/businesses • Public investment in renewal energy generation and water con- servation and quality infrastructure Aid businesses in leveraging community climate action goals to create new business innovations City of Fort Collins Economic Health METRICS: STRATEGIES: OUTCOMES: GOALS: ess districts, commercial nodes and ercial corridors through strategic infrastructure investment • Visitatio • Citizen su on numbers to downtown and special events urvey results 18 1. Participate in the evaluation and encouragement of urban agriculture 2. Partner in the development of a Creative District, as defi ned by the State of Colorado, to support the promotion of arts and culture activities that attract entrepreneurs and an educated workforce – Led by Community Services staff 3. Reinforce Fort Collins’ position as a regional center for entertainment, shopping, culture, and tourism (i.e., leverage the presence of the breweries in Fort Collins to grow the craft brewing industry and attract visitors) 4. Continue to support and enhance Fort Collins’ outdoor recreation culture (e.g., cycling industry) Preserve and enhance the features of Fort Collins that make it unique mix of residential housing optionsds City of Fort Collins Economic Health METRICS: STRATEGIES: OUTCOMES: GOALS: and Sectors Retain, develop, and recruit entrepreneurs and cutting-edge companies eds 1. Promote the development of reliable, ultra-high speed internet services throughout the community – emphasize the importance of broadband equity 2. Sponsor, Support, and Promote incubation facilities and services, including Rocky Mountain Innosphere, Galvanize, CSU Power House, CSU Research Innovation Center and others 3. Evaluate the benefi ts of creating an innovation district with the goal of strengthening entrepreneurial activities in the community 4. Partner in the development of a Creative District, as defi ned by the State of Colorado, to support the promotion of arts and culture activities that attract entrepreneurs and an educated workforce – Led by Community Services staff 5. Leverage the City’s role as a large consumer and “market maker” to foster innovation and support innovative companies and entrepreneurs 6. Sponsor and promote creative spaces (e.g., Carnegie Building, Southeast Creative Community Center) INVEST IN ENHANCEMENTS TO ENTREPRENEURISM AND INNOVATION INFRASTRUCTURE B.3 1. • New business formation by industry/sector • Businesses supported by partners (e.g., Innosphere, Galvanize, SBDC, Powerhouse) • Jobs created, capital raised, sales increased by supported businesses • Dollars of public investment in infrastructure Develop and support infrastructure that encourages entrepreneurism and innovationeeds City of Fort Collins Economic Health METRICS: STRATEGIES: OUTCOMES: GOALS: 3. Maintain relationships with top/growing employers with an emphasis on Targeted Industry Clusters and Sectors 4. Continue support of incubation facilities and services, including Rocky Mountain Innosphere, Galvanize, and others. PROVIDE RESOURCES THAT ENHANCE THE ABILITY OF BUSINESS TO SUCCEED IN THE A.3 CITY • Layoff s and business relocations/reductions • Private investment in new manufacturing equipment (as mea- sured by use tax receipts) • Output per capita (measure of productivity) – in Target Indus- tries and Sectors Identify and coordinate resources that support businesses in the Cityneeds City of Fort Collins Economic Health METRICS: STRATEGIES: OUTCOMES: GOALS: lands Image Reference – Odell Brewing Company’s new 100- barrel brew house, ; completed in 2013. The brewery originally opened in 1989 and expanded to the new site in 1994. The latest expansion included additional cellar space, bringing fermentation capacity to 4,800 barrels. community prosperity. grow our own. place matters. the climate economy. think regionally. 4 in Larimer County, including information on commute patterns, skills gap, and available jobs. 1 Taken from the City of Fort Collins Strategic Plan, 2014 community prosperity. grow our own. place matters. the climate economy. think regionally. 2 large potential market opportunities.  Exporting these new products and services and attract additional income to the community. outside the community.  New products and services can provide local benefit (especially if focused on community goals) and bring new income to the community when they are exported beyond our borders.  Infill and redevelopment address infrastructure deficiencies that may negatively impact land values and the economy.  Clear, predictable and transparent processes enable the community to obtain its objectives and reduce the time for business to clear regulatory hurdles.  The land use code restricts heavy industry in our community – reducing our total potential pollution in the community  Promote new green and clean industry that may not pollute at the same rates as heavier industry  Encouraging/attracting new green businesses and innovation related to resource consumption lessens the impact of new development on land, water, air, energy, transportation, etc.  Redevelopment can enable higher and better use of existing land/development maximizing the output without need to consume new raw land; also requires development at a new standard that increases energy and water efficiency – energy star requirement of URA projects.  Infill and redevelopment will impact the visual/landscape or aesthetic