_Planning Commission meeting agenda packet 6-25-25

CITY OF PLEASANTON ECONOMIC DEVELOPMENT STRATEGIC PLAN FY2024-2028 Summary of Implementation Plan Priorities Policy Framework This 2023 Economic Development Strategic Plan builds upon and updates the prior Economic Development Strategic Plan, which was completed in 2013. The underlying policy framework that formulated the City of Pleasanton’s overall goal to foster economic growth Citywide was established by the 2005 Pleasanton Plan 2025’s Economic and Fiscal Element. An update to the City’s General Plan is slated for the coming years. It is worth noting that certain areas discussed in this document, such as Stoneridge Mall and Hacienda, have Planned Unit Developments that drive their planning processes. Thus far, Pleasanton has been successful in capitalizing on its strengths; this sentiment is the foundation of the Implementation Plan’s priorities and initiatives. By linking the City’s resources to the EDSP’s priorities, Pleasanton can take the necessary steps to grow its emerging Life Sciences and Biotechnology sectors, while also strengthening the City’s fiscal health. Looking ahead, it will be to the City’s economic benefit for the Economic Development Division to build upon its current role as ombudsman to bridge the needs and goals of the private sector with the city’s operations in planning, zoning, and infrastructure. To address the opportunities and gaps identified in the Economic Profile Report findings, the Implementation Plan defines the following five priority areas for economic development activities in Pleasanton over the next five years. Implementation of each priority, program, or initiative is supported by action steps that are tied to a proposed timeframe for implementation. The following discussion provides the rationale for each of the EDSP’s priorities, including an overview of existing conditions and best practices, as well as the initiatives and tasks (action steps) necessary to implement this plan. 1.0 2.0 3.0 4.0 5.0 Implementation Plan Priorities Economic Development Capacity Building Business Retention, Expansion & Attraction Major Projects Accelerator Program Entrepreneurship & Innovation Outreach Local Revenue Growth 6