_Planning Commission meeting agenda packet 6-25-25

CITY OF PLEASANTON ECONOMIC DEVELOPMENT STRATEGIC PLAN FY2024-2028 Local Revenue Growth Business Retention & Expansion Life Science/Biotech Attraction Retail Revitalization Introduction & Executive Summary INTRODUCTION This Economic Development Strategic Plan is a policy document that will guide the City of Pleasanton’s economic development priorities and activities over the next five years. The plan is based on the technical findings of the Economic Profile Report, as well as input from City staff, the Pleasanton Economic Vitality Committee, local stakeholders, and the City Council. To address the changing economic conditions since the adoption of the City’s 2013 Economic Development Strategic Plan, including a global pandemic and recovery, the City of Pleasanton Economic Development Division retained the consulting team comprised of Willdan Financial & Economic Consulting Services and the Metts Group to formulate an updated Economic Development Strategic Plan (“EDSP”). The EDSP’s implementation plan is a tactical roadmap for the City of Pleasanton’s economic development policies, programs, and initiatives, prioritized by up-to-date demographic, economic, and real estate market trends. This evaluation serves as a foundation for the allocation of the City’s economic development resources to make tangible progress on the following primary goals over the next five years: This economic development effort leverages the wealth of strategic recommendations from prior City investments in urban design, planning, and real estate market analysis, as well as stakeholder interviews, to distill these ideas into specific action steps guiding City staff and strategic partners. The resulting implementation plan creates a robust set of new City-led economic development policies, programs and initiatives backed up by a validation of need, best practices, performance metrics, and a detailed schedule of time-bound activities. 1