_Planning Commission meeting agenda packet 6-25-25

ECONOMIC PROFILE REPORT FINDINGS Demographic & Economic Overview The City of Pleasanton is located in Alameda County, California —a suburb of the East Bay region of the San Francisco Bay Area. Pleasanton, along with the cities of Dublin, Livermore, and San Ramon and the town of Danville are part of the region known as the Tri-Valley. The area is broadly known for its Mediterranean climate, wineries, and nature within the sixth largest economy and the fastest growing urban area of the country.1 Pleasanton is home to a relatively larger regional share of residents with higher levels of educational attainment that are living in family-oriented, higher income households in comparison to the larger Alameda County market area. At the same time, Pleasanton’s population is growing at a slower pace than Tri-Valley as a whole. This projection is partially informed by past growth trends and does not include anticipated development from the recently adopted Housing Element. This finding is further validated by the City’s comparative age of built housing stock. In Pleasanton, approximately 17% of the housing stock was built over the last 22 years (after 1999). In contrast, the majority of Dublin’s housing stock (53%) was built during the same period. The City is proud of its thoughtful approach to development and resulting quality of place. The City also recognizes that important elements of economic development include a desire to cultivate clusters of business activity, as well as the need to respond to regional housing demand pressures. Detailed demographic and economic conditions of the City of Pleasanton are provided in the EDSP’s Economic Profile Report. 110% 105% 118%117% 127%126% 149% 123% 149% 2000 (Indexed 2000=100%) 2010 2022 2027 PleasantonTri-Valley Alameda County Figure 1: Estimated and Projected Population Growth Source: ESRI Business Analyst; Willdan, 2022 CITY OF PLEASANTON ECONOMIC DEVELOPMENT STRATEGIC PLAN FY2024-20282