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01
City of Pleasanton
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2019
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091919
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12/3/2019 12:15:06 PM
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9/16/2019 2:38:30 PM
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CITY CLERK
CITY CLERK - TYPE
AGENDA REPORT
DOCUMENT DATE
9/19/2019
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o Some community colleges do offer a curriculum with certificate based on a <br />partnership company's needs — Genentech as an example. There is a potential <br />to align companies with the same skillset requirements from which to build a <br />curriculum offering courses with a certificate the company will accept; however, <br />the Tri -Valley is still very traditional in the sense that employers want employees <br />that have earned a bachelors (or higher) degree. <br />o There is an exposure challenge as students don't learn about career <br />opportunities in industries represented in the Tri -Valley. <br />o Pamela Ott noted there is more conversation regarding company -school <br />partnerships; this topic will be discussed at a future EVC meeting. <br />• Create connections to attract fast growing international companies to the Tri -Valley, <br />with reference to Launching Pad as an example between the U.S. and China. <br />• In the first half of 2019 there were around 500 new business registrations in the Tri - <br />Valley, of which 290 were in Pleasanton. <br />• Net new job growth is from smaller and newer (less than 5 years) companies, not from <br />later stage companies. <br />• Is there a change in the thinking of how/to which companies investments are made due <br />to a shift in age/generation or other factors? <br />o Traditionally, there are more later stage investments; however, Tri -Valley <br />Ventures is focused on seed and early stage investment. <br />• Life sciences is thriving sector for investment: in 2019 YTD more than 50% of venture <br />capital deals were to life sciences companies <br />• Do the sectors included in the Mirador Tri -Valley Index (MTVX) represent the company <br />headquarters here in the Tri -Valley? <br />o Yes, that is correct. <br />Brandon Cardwell with i -Gate gave an overview of the recently launched website, <br />TriValleyConnect.org. The website is a branding tool for the area, showcasing the assets of the <br />Tri -Valley as an innovation hub and providing connections to employment opportunities <br />through an automated job board toward creating the connection between local talent and local <br />companies. The overarching goal is for companies to start, grow and stay here, creating a <br />strong regional economy with workforce and infrastructure in the same place. <br />Brandon also discussed the upcoming Life Sciences Summit taking place on October 2, 2019. <br />Students are encouraged to attend the summit to give them proximity, exposure and spark <br />excitement in this field as a possibility for their future. <br />EVC member and guest comments included: <br />• What markets are highlighted on the website? <br />o Primarily the Tri -Valley area to advertise the competitive advantage in life <br />sciences this area offers, for executive decision makers and workers <br />o Could there be potential for making an international connection? <br />o Could the website be translated in other languages and advertised overseas to <br />attract international companies to the Tri -Valley? <br />• A link for TriValleyConnect.org needs to be on both the City of Pleasanton and <br />Chamber of Commerce websites. <br />
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