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THE CITY OF <br />ECONOMIC VITALITY COMMITTEE REPORT <br />L•: I �i�T:llr1:::.11�11 1 <br />PLEASANTON. <br />August 15, 2019 <br />Economic Development <br />TITLE: DISCUSSION REGARDING TRI -VALLEY MARKET AND INDUSTRY <br />TRENDS <br />BACKGROUND <br />In 2013, the City Council adopted the current Economic Development Strategic Plan <br />which the Economic Vitality Committee uses as the foundation for its work. The plan <br />comprises 3 focus areas: <br />Priority Area A: Business Development and Communication <br />Priority Area B: Built Environment and Workforce <br />Priority Area C: Economic Health and Resilience <br />Priority Area A: Business Development and Communication is intended to identify <br />advantages and disadvantages related to the City's job growth by industry, trends in <br />business creation and venture capital investment. There are several action items in this <br />priority area relating to this presentation, including.- <br />A4. <br />ncluding: <br />A4. Collaborate with regional organizations on economic development <br />initiatives focused on cultivating innovative businesses in high-technology <br />industries and attracting the related workforce. <br />As part of the growing Tri -Valley region, Pleasanton will continue to collaborate <br />with regional economic development organizations dedicated to attracting and <br />retaining innovative businesses, including Innovation Tri -Valley and i -GATE. As <br />the intermediary between these organizations and local businesses, City staff <br />can ensure that local businesses benefit from the regional initiatives. These <br />organizations — and other regional workforce development organizations — can <br />also assist the City in ensuring Pleasanton is able to attract the workforce <br />required forjobs in such industries. <br />DISCUSSION <br />Lauren Moone with Mirador Capital Partners will provide an overview of the 2019 Mirador <br />View report in which she'll note themes and trends in the Tri -Valley market such as: <br />• The quality of people living in the Tri -Valley and the quality of life which attracts <br />them, enabling their companies to grow and thrive; and <br />• The diversity and resilience of the Tri -Valley economy, supported by the <br />development and progress of the region's economic drivers, additions to the <br />innovative ecosystem, groundbreaking technologies and the continued success <br />of public and private companies headquartered here. <br />ACTION: RECEIVE TRI -VALLEY MARKET AND INDUSTRY PRESENTATION <br />