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Introduction <br />The City of Pleasanton has enjoyed a long history of strong economic growth. Even prior <br />to its incorporation (1894), the area benefited from its location along a major railway <br />corridor, and more recently, its strategic placement at the crossroads of two major <br />interstate freeways, I-580 and 1-680. These major transportation links connect Pleasanton <br />to all subregions of the Bay Area. <br />Early development patterns focused around the City's historic downtown area, which has <br />long functioned as the Main Street and heart of the community. The downtown also <br />contained a rail depot, and served as a center for commerce in support of historic <br />ranching and agricultural activity. <br />During the mid-1960s and 1970s, Pleasanton added substantial housing units and <br />population. In the Iate1970s, Stoneridge Shopping Center was developed, creating a key <br />regional shopping attraction that has continued to evolve and serve as a major destination <br />and fiscal revenue generator. In the early 1980s, the development of Hacienda Business <br />Park, with major master planned business and light industrial complexes, attracted <br />numerous large employers to the area. Meanwhile, a strong emphasis on the historic <br />downtown core, preservation of scenic and nature) resources, development of extensive <br />community facilities, the addition of several full service hotels and meeting facilities, the <br />continued success of the Alameda County Fair, and an overall attention to quality of life <br />have combined to create the Pleasanton of today. <br />Purpose of Economic Development Strategic Plan <br />During recent years, shifting patterns of corporate ownership, changing demographics, <br />and competing commercial and retail development in surrounding communities have all <br />influenced Pleasanton's economic development. The community, elected officials, and <br />staff have sought ways to balance g rowth and vitality, leading to a system of limiting <br />building permits (Growth Management Program), increased emphasis on traffic <br />congestion management, and a focus on fiscal vitality. <br />These competitive advantages have evolved as Pleasanton has grown and matured, and <br />have been viewed by P leasanton's residents and workers, as well as by other <br />communities in the Bay Area, as highly desirable. As part of the General Plan update <br />process, the City commissioned this Economic Development Strategic Plan to maintain <br />and continue to foster Pleasanton's competitive advantages, m itigate its weaknesses, and <br />link ongoing economic development to the General Plan. <br />