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HomeMy WebLinkAbout2024-09-11 - SupplementalsPlanning Commission September 11, 2024 Economic Development Division Annual Progress Report Economic Development Strategy Adoption of the EDS Economic Development is the creation of wealth through which community benefits are realized and the development of great places that attract and retain residents, visitors, businesses and talent. Economic Development PlanRC Big Ideas: Design for People First Provide Connectivity and Accessibility Create Destinations Establish Rancho Cucamonga as the Cultural and Economic Hub of the Inland Empire Address Environmental Justice Implementation Highlights Grow and Diversify the City’s Economy •Updated collateral material •Quarterly commercial real estate brokers roundtables •Review of the Development Review Process •Bi -monthly meetings with the San Bernardino County Economic Development Department Goal 1 Marketing Collateral Folders Distributed 200+Attendees to Commercial Brokers Roundtables 107 Grow and Diversify the City’s Economy •Eight -week entrepreneurship academy for Spanish speaking entrepreneurs Goal 1 Emprendedor@s Applicants accepted 32 Graduation rate 93.7% To Date1 Business joined Rancho Cucamonga Chamber of Commerce and the Inland Empire Hispanic Alliance To Date 1 Business took advantage of business license waiver Enhance the Quality of Life •City's Downtown Location •World Class Community Brochure •Enhancing the Public Realm Goal 2 Enhance the Quality of Life •The City adopted the Epicenter Master Plan (EMP) in December 2023 •Established a vision for the area as fun, active district •EMP includes a tangible Playbook that establishes development concepts, improvement concepts, programming and operations to make the area a success Goal 2 Epicenter Master Plan Expand Retail, Entertainment and Hospitality •Action items for Goal 3 are to be completed in years 2 -3 and years 4-5. Updates to Goal 3 will be provided in subsequent annual reports •Retail Fit Analysis establishments attained Goal 3 Foster Growth of Local Businesses and Workforce •Access to telecommunications •Partnership with San Bernardino County Workforce Development Department to address large- scale workforce reductions •Engagement with agencies such as the Employment Development Department, LAUNCH Apprenticeship Network, Chaffey College and the Rancho Cucamonga Chamber of Commerce Goal 4 Foster Growth of Local Businesses and Workforce •Established a relationship with Chaffey College’s Workforce and Economic Development Department resulting in various accomplishments including: •Marketing of Startitup, a mobile platform designed to cultivate business startups and upskill solo entrepreneurs •Consideration of participation in the City’s 2nd Emprendedor@s cohort •Consideration of a pilot mentorship program Goal 4 Partnership with Chaffey College Foster Growth of Local Businesses and Workforce Goal 4 •An introduction to LAUNCH Apprenticeship Network, an intermediary and education provider for businesses adopting the apprenticeship model Partnership with Chaffey College continued •LAUNCH facilitated a tour at Eternity Systems, a local Rancho Cucamonga business and an apprenticeship site •Staff has since participated in their Manufacturing & Industrial Technology Apprenticeship Committee quarterly meetings in the Industrial Automation Technician apprenticeship with Target 29 Active apprentices Foster Growth of Local Businesses and Workforce •Held the 3 rd annual hiring fair convening employers and job seekers in various industries •Access to computer lab for on-site application online submission, private areas for on-site interviews Goal 4 Hiring Fair 200+ Job seekers 24 Business participants Looking Ahead Looking Ahead Years 2 -3 Small Business Development Center Business consulting meetings 164 Jobs created 17 First -time business consulting meetings 144 Attendees at the Business Appreciation Mixer 150 Tickets given to RC Businesses for Business Appreciation Night at the Quakes 244 Business Appreciation Month Non-Residential Thank you Economic Development Strategy Annual Progress Report Economic Development Division