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HomeMy WebLinkAbout30-04 Resolution RECORD OF RESOLUTIONS -------- pal"ton Leg_~I_"El!~_~k, Inc"f_r::'~m No. 300~~,. --------_._-----~..---_._-- - -- - -- -- - -.------.- -~-- Resolution No. 30-04 (Amended) Passed ,20 -- -- - ~___ ~ _________._~____=___1 -- -- ----- ~-~-~--~ -----_.-------~-_._~--- ----~ ! A RESOLUTION ACCEPTING AN ECONOMIC DEVELOPMENT STRATEGY UPDATE FOR THE CITY OF DUBLIN WHEREAS, Dublin City Council has established the development and implementation of an Economic Development Strategy Update (the Strategy Update) as one of its highest priorities; and WHEREAS, the City has commissioned the firms of Bums, Bertsch & Harris, Inc. and Curtiss Williams & Associates to establish and work with an Economic Development Steering Committee (representing a broad cross-section of local economic development interests) to prepare such a Strategy Update (see Attachment "A"); and WHEREAS, the elements of this Strategy Update were determined after review of the community input from the Economic Development Steering Committee, residents and representatives of the business community; and WHEREAS, the adoption of the Strategy Update's goals and objectives is important to enhancing the quality of life and economic vitality of the City, NOW, THEREFORE, BE IT RESOLVED by the Council of the City of Dublin, State of Ohio, 7 of the elected members concurring that: Section 1. The Economic Development Strategy Update as prepared by Bums, Bertsch & Harris, Inc. and Curtiss Williams & Associates be, and hereby is, accepted. Section 2. The City of Dublin hereby adopts the concepts and desired goals and objectives contained in the Strategy Update. The City will evaluate and consider the strategy and action statements contained therein for possible modification of City regulations, procedures or implementation strategies. Section 3. This Resolution is effective upon passage in accordance with Section 4,04(a) of the Dublin City Charter. Passed this ~ ~ day of H/ ,2004. Attest: O/Vl~a~ Clerk of Council i , I I hereby certify that copies of this Ordinance/Resolution were posted in the City of Dublin in accordance with Section 731.25 of the Ohio Revised Code. X CITY OF DUBLIN Division of Economic Development 5800 Shier-Rings Road Dublin, Ohio 43016-1236 Phone: 614-410-4600 Fax: 614-761-6506 Memo To: Members of Dublin City Council From: Jane S. Brautigam, City Manage~~6. 0~ Date: June 30, 2004 tfA( ""'~ Initiated By: Michael H. Stevens, Director of Economic Development Colleen M. Gilger, Economic Development Specialist ~ Re: Resolution No. 30-04, Economic Development Strategy Update Summary: Resolution No. 30-04 is a resolution accepting the Economic Development Strategy Update for the City of Dublin. The consulting firms of Bums, Bertsch & Harris, Inc and Curtiss Williams & Associates completed the Strategy Update under the oversight and direction of a steering committee consisting of community leaders. The Steering Committee developed the following mission statement to help focus the city's economic development effort: To enhance the quality of life and economic vitality of the City, its residents, and its corporate citizens by creating a community that is supportive of business investment. To achieve this mission the steering committee recommended a series of goals and objectives, that are aligned with City Council's high priority goals which were recently adopted on April 5, 2004. GOAL 1: REVENUE ENHANCEMENT - Increase tax resources within the Dublin community by supporting existing business and local entrepreneurs, and attracting new targeted employers that provide sustainable employment opportunities. Objective 1.1: Strengthen the City's economic development framework to improve business vitality and revenue generation Objective 1.2: Provide an atmosphere in which Dublin businesses can flourish (enhance business climate) Objective 1.3: Retain and expand Dublin's existing businesses Objective 1.4: Create a targeted industry program Objective 1.5: Assist in the revitalization of under-utilized areas (properties and/or buildings) Objective 1.6: Promote the diversification and optimization of Dublin's tax base Objective 1.7: Evaluation GOAL 2: INFORMATION RESOURCE - Develop reservoir of accessible information to support the economic development process. Objective 2.1: Create available site and building database Objective 2.2: Provide economic impact of development projects Objective 2.3: Create and maintain information on the Dublin economy Objective 2.4: Enhance awareness of factors effecting key businesses and business sectors GOAL 3: REGIONAL LEADERSHIP - Advocate for local, regional and state policies that support regional economic sustainability, Objective 3.1: Elevate Dublin's stature as a leader on regional cooperation The goals and objectives are accompanied by strategy and action recommendations, with the consultant proposing an implementation matrix focusing on 30 days, 90 days, 6 months, 1 year, 1-2 years, 3-5 years, and 5 years, The implementation matrix was created at the recommendation of the Steering Committee to ensure that priority items were accomplished. The goals and objectives listed in the Strategy Update do not represent significant changes to the City's existing economic development program (as originally outlined in the 1994 Mt. Auburn Study). Becasue of City Council's leadership, the city has entered into 10 economic development agreements since the beginning of2003. Three agreements have been with companies that have agreed to relocate to Dublin resulting in the addition of334 jobs to the local tax base. In addition, one of those companies has agreed to add 54 jobs over the next three years. The other seven economic development agreements have been with existing Dublin businesses that have agreed to add 1,112 new jobs over the next three to 10 years. Assuming an average income of$37,000 per job, the resulting revenue enhancement to the City from these agreements is estimated to be over $1.1 million. At the last City Council meeting a concern was expressed regarding the issue of a non-profit development corporation. The Strategy Update recommends that the City reactivate its Community Improvement Corporation (CIC). The City currently has a CIC but it has not been utilized in several years. The consultant felt that by making the CIC an active component of the City's economic development efforts, the City can continue to improve its interaction with the existing business community. The CIC could serve as a vehicle for City/Business partnerships which will help to enhance discussions of issues critical to the sustainability of each. The CIC would be modeled after similar organizations that are being used in Westerville and Gahanna. Reviving the CIC is listed in the 30-day implementation phase and Staff plans to bring back the proposed organizational structure for City Council review and approval within that time frame. The CIC would be staffed by the City and would not require any additional personnel to operate. Conclusion: Staff recognizes the importance City Council places on economic development. City Council's leadership has resulted in a continually improving economic development program, Staff believes that the Economic Development Strategy Update's action steps will result in continued improvement in the City's economic development efforts, and recommends that City Council approve Resolution No. 30-04. CITY OF DUBLIN ECONOl\IIC DE'~LOPl\IENT STRATEGY UPDATE SUBMITTED BY: BURNS, BERTSCH &. HARRIS, INC. CURTISS WILLIAMS &. ASSOCIATES ..JUNE 7, 2004 Thank you to the following individuals for their time and expertise: Economic Development Stratef!V Update Steering Committee Cathy Boring, Dublin City Council Lindsay Duffield, BMW Financial Services Terry Foegler, Campus Partners Rick Gerber, Dublin Planning & Zoning Commission Paul Ghidotti, The Daimler Group Marsha Grigsby, City of Dublin Joe Riedel, Dublin City School District Deborah Rogner, Dublin Chamber of Commerce Marion White, Central Ohio Transit Authority Pro;ect Consultants Dale Bertsch, Bums, Bertsch & Harris Diane Harris, Bums, Bertsch & Harris Curtiss Williams, Williams & Associates City of Dublin Staff Michael Stevens, Division of Economic Development Colleen Gilger, Division of Economic Development Marlaine Manus, Division of Economic Development 1 A. Executive Summary Dublin's last Economic Development Strategy was an extensive effort, conducted in 1994, and authored by David Dixon, Goody Clancy and Mt. Auburn Associates, From then on it has been commonly referred to as the "Mt. Auburn Study". This 2004 Update to the Economic Development Strategy was neither intended, nor funded, to approach the depth and scope of data retrieval and analysis that was conducted in the "Mt. Auburn Study'.. Rather, this document, aims to quickly look at available data to test whether or not the projections and assumptions of the "Mt. Auburn Study" are still a valid basis for Dublin's continuing economic development efforts. Following the assessment, the study offers revisions to augment Dublin's economic development goals and strategies for short-term use and long-term direction. The Economic Development Strategy Update process was conducted over an eight- month period under the oversight and direction of a Steering Committee. The Steering Committee was comprised of a cross section of community interests and City Staff. The Steering Committee studied the information gathered by the consultant team and provided additional input and perspective on issues and possible solutions. The resulting Economic Development Strategy Update (Strategy Update), which follows, sets forth a comprehensive approach to economic development for Dublin. It builds on the base of previous economic development activity and the community's strengths and vision for itself. The Strategy Update challenges the City to adopt a new paradigm that integrates economic development into the objectives of all City departments and functions. Additionally, a novel approach to economic development through the power of a public not-for-profit entity is presented for consideration. The Strategy Update itself outlines a set of 3 goals, 12 objectives, 30 strategies and 57 actions for implementing those goals. The activities are prioritized and to the degree possible, the plan update interprets measurable standards to monitor progress in actualization of the Strategy Update. This is framed by a timeline for implementation. B. Economic Development Strategy Update This section contains the details of the Dublin Economic Development Strategy Update (The Strategy Update), The City of Dublin is to be commended on its insightfulness in pursuing an update of its 1994 plan, "Economic Development Strategy: City o.!Dublin, " as prepared by Mt. Auburn Associates (Mt, Auburn Study). The purpose of this strategy update was not to duplicate the effort of the Mt. Auburn Study but to review the City of Dublin in the current environment and offer an updated set of goals and strategies to move the City forward in providing an effective economic development process. The Mt. Auburn Study contained recommendations that were very important to the City of Dublin as it began to become more active in defining its economic future. Dublin officials utilized the Mt, Auburn Study as a guide to decision making on economic development projects as well as input to planning decisions, The 2 City believed that the Mt. Auburn Study served them well and it, the city, had implemented many of the recommendations within the document. The economic development process is an interactive process that involves various members of the local community as well as external entities. The successful interaction of these "stakeholders" helps to determine the outcomes of a community's economic development effort. Therefore, it was imperative that the stakeholders were an integral part of the Plan's development. The elements of this Strategy Update were determined after careful review of the community, extensive input from a Steering Committee of local and regional officials, residents and representatives of the business community. The Steering Committee developed the following mission statement as a means to capture the essence and importance of the city's economic development effort: MISSION: To enhance the quality oflife and economic vitality o.lthe City, its residents, and its corporate citizens by creating a community that is supportive of business investment. The Strategy Update consists of three major goals, 12 objectives, 30 strategies and 57 action steps that are aimed at capitalizing on the strengths of the Dublin community, as well as improving on the weaknesses that were apparent as the project progressed. Key elements of the Strategy Update revolve around reviewing and possibly making changes to the local development processes, stronger communication and interaction with the existing business community, information gathering, regional leadership, as well as strengthening the role of the economic development staff and its efforts. Placed in parentheses behind action items and in some cases strategies, are the names of entities involved in the outcome of that particular item. 3 CITY OF DUBLIN ECONOMIC DEVELPMENT STRATEGY UPDATE MISSION: To enhance the quality of life and economic vitality of the City, it's residents, and its corporate citizens by creating a community that is supportive of business investment. GOAL I REVENUE ENHANCEMENT Increase tax resources within the Dublin community by supporting existing business, local entrepreneurs and attracting new targeted employers that provide sustainable employment opportunities, OBJECTIVE 1.1: Strengthen the City's economic development framework to improve business vitality and revenue generation. Strategy 1.1.1: Utilize non-profit development corporation Action 1.1.1 a: Revive the Community Improvement Corporation (CIC) as an active component of the City's economic vitality effort. (City, Economic Development Division [EDD]) Strategy 1.1.2: Develop public-private partnerships Action 1.I.2a: Utilizing the CIC as the conduit, create a City/Business council to enhance discussion of issues critical to the sustainability of each. (City, EDD, Chamber, Business) Action 1.1.2b: Utilizing the CIC as the conduit, recruit business leaders to assist with the development of an external marketing campaign. (EDD, Chamber, Convention & Visitors Bureau) Strategy 1.1.3: Align resources Action 1.1.3a: Develop budget to support successful plan implementation. (City) Action 1.1.3b: Elevate cross-departmental communications on economic vitality. (City) . Stresses the importance of corporate citizens . Helps to identify potential issues OBJECTIVE 1.2: Provide an atmosphere in which Dublin businesses can flourish (enhance business climate). 4 Strategy 1.2.1: Adopt a new culture to advance economic development, remaining true to the vision of the Community Plan. Action 1.2.1a: Create a campaign to show both citizens and the business sector that Dublin understands and appreciates the importance of economic activity to the community. (City, EDD, Chamber) Action 1.2.1 b: Chamber and City develop a closer and more effective partnership to serve business needs and communicate the new culture. (EDD, Chamber) Action 1.2.1 c: Official appointment of the Director of Economic Development as City's primary contact for corporate business issues. (City) Strategy 1.2.2: Make it easy to do business in Dublin. Action 1.2,2.a: Evaluate and explore whether or not to streamline the permitting and development processes. (City) Action 1.2.2b: Evaluate and explore whether or not to modify maintenance and enforcement procedures to a customer service oriented approach, e,g. "let us help you" restore compliance. (City) Action l,2.2.c: Re-evaluate sign codes to be sure motorists can find their way to destinations and parking easily and safely. (City) Strategy 1.2.3: Improve support services for businesses. Action 1.2.3a: Evaluate and explore whether or not to modify the land use plan to detail where these support services are most needed and will have the least impact on the community at large. (City) Action 1.2.3b: Encourage multi-use professional buildings that sub-let space to service tenants on site. (City) Action 1.2.3c: Create City economic development initiatives and assistance to assure services are provided through creative alternative modes. (City, ED D) Action 1.2.3d: Evaluate whether housing mix helps to attract and retain the businesses desired, (City, ED D) Action 1.2.3e: Evaluate creative transportation alternatives to mitigate congestion and ensure access to the needed workforce. (City, EDD, Central Ohio Transit Authority, Mid-Ohio Regional Planning Commission) 5 Strategy 1.2.4: Be proactive in providing new technology infrastructure that is on the cutting edge and anticipates evolving needs. Action 1.2.4a: Continue to ensure appropriate infrastructure is in place as needed. (City, EDD) Action 1.2.4b: Conduct a study to analyze market opportunities for DubLink in an expanding telecommunications environment. (EDD, Team Fishel) OBJECTIVE 1.3: Retain and expand Dublin's existing businesses. Strategy 1.3.1: Develop an aggressive and comprehensive outreach program Action 1,3.1 a: Annually contact 100 firms to ascertain information, issues and needs. (EDD, Chamber) Action 1.3,1 b: Develop a rapid response team consisting of business, chamber and city officials to visit and assist companies at risk of closing, relocating, downsizing or ofT-shoring. (EDD, Business, Chamber, CVB, Council) Action 1.3.1 c: Conduct periodic focus groups of specific business sectors to identify opportunities or issues, (EDD) Strategy 1.3.2: See Strategy 1.4.3 Strategy 1.3.3: Enhance local workforce Action 1.3.3a: Evaluate the need to and consider providing assistance for the training and/or retraining of employees. (City, ED D) Action l,3.3b: Evaluate and consider the development of a .'wage insurance" program. (City, ED D) . Protects wage of Dublin residents during time of unemployment or re-training. OBJECTIVE 1.4: Actively recruit corporate citizens that create high wage sustainable jobs. Strategy 1.4.1: Create a targeted industry program Action 1.4.1a: Conduct market analysis to ascertain specific industry sectors and occupation classifications that can be supported by the Dublin community. Consideration should be given to the following industry sectors: health care (R&D), high-tech manufacturing, small to mid-size corporate and regional 6 offices, business services. Operations of any targeted sectors that have the potential for "off-shoring" should be closely examined. (EDD) Action 1.4.1 b: Customize marketing efforts to recommended new sectors,(EDD, City) Action 1.4.lc: Create detailed area plans that specifically provide needed infrastructure, services and synergies desired by the recommended new sectors. (City, EDD) Action 1.4.1 d: Evaluate the need to modify zoning and development standards to accommodate the physical space needs of new industrial sectors, including: (City) a. Changes in land use, including allowing synergistic mixtures of uses b, Increasing densities and floor area ratios c. Allow signage that communicates locations and uses clearly d. Improve traffic flow and access; facilitated by visual cues like traffic signs and business signs and make recommendations accordingl y. Action 1.4.le: Adapt approach to incentives to attract new sectors. (City, EDD) Action 1.4.1 f: Aggressively promote Dublin as a prime location for the industry sectors identified in the Greater Columbus Chamber of Commerce's business recruitment initiative, "Targets of Excellence." (EDD, Developers, Brokers) . Life Sciences . Advanced Logistics Strategy 1.4.2: Develop a focused marketing campaign Action 1.4.2a: See Action 1.1.2b Action 1.4.2b: Create a more marketing oriented section to the City's Web site. (EDD, GIS, Community Relations) Action l.4.2c: Examine unique opportunities to engage the developer and real estate communities, (EDD, Developers, Real Estate Brokers) . Continue to use the Memorial GolfToumament and the Economic Development Division's annual golf outing as marketing tools. Action 1.4.2d: Maximize marketing by creating co-op opportunities with high profile local businesses. (EDD, Business) 7 Strategy 1.4.3: Increase use of local, county, regional and state business assistance programs Action lA.3a: Develop a comprehensive database of information and contacts on all available business assistance programs. (EDD) Action 1.4.3b: Continue to utilize broad assistance programs such as TIFs (tax increment financing) to promote development and redevelopment. (City, EDD) Action 1.4.3c: To increase the awareness of the community as business friendly, formalize and communicate the City's local business assistance efforts as definitive programs. (EDD, City) Action lA.3d: Evaluate extending the '-life" and explore the need to expand the territories of existing Community Reinvestment Areas (CRA). (City, EDD) Action 1.4.3e: Target incentives to the specific needs of the business customer. (EDD, City) OBJECTIVE 1.5: Assist in the revitalization of under-utilized areas (properties and/or buildings) Strategy 1.5.1: Promote revitalization and upgrading of aging, under-utilized developments and/or spaces. Action 1.5.1 a: Initiate conversations with owners and managers of under-utilized properties and facilitate the building of a team to address revitalization issues. (EDD) Action 1,5.1 b: Adapt use of incentives to promote desirable revitalization efforts. (City, ED D) Action 1.5.1 c: Explore whether a revitalization area is a suitable location for facilities serving new, targeted industrial sectors, (City, EDD) Action 1.5.1d: Utilize Community Improvement Corporation (CIC) to facilitate redevelopment. (City, EDD) . Property management and marketing . Planning and development facilitation Strategy 1.5.2: Evaluate the market potential of housing, services and businesses that serve special needs ofthe nation's fastest growing demographic, the aging population. 8 Action 1.5.2a: Assemble and provide data to owners and managers about new markets they may be able to serve in Dublin. (EDD, City) Action 1.5.2b: Adapt use of incentives to promote availability of services and housing to serve the elderly and other emerging demographic segments. (City, EDD) Strategy 1.5.3: Evaluate and explore the need to amend zoning and code requirements to accommodate desirable redevelopments and make recommendations accordingly. Areas in which flexibility and re-examination are particularly important: (City, EDD) a. Land use changes, including allowing synergistic mixtures of uses b. Increasing densities and floor area ratios c. Allow signage that communicates locations and uses clearly d. Improve traffic flow and access; facilitated by visual cues like traffic signs and business signs. OBJECTIVE 1.6: Promote the diversification and optimization of Dublin's tax base. Strategy1.6.1: Reduce office vacancy rate (EDD, Brokers, Developers) Strategy 1.6.2: Promote the growth of small businesses Action 1.6.2a: Promote entrepreneurship among Dublin residents. (EDD, Chamber) Action 1,6.2b: Consider developing a Technical Assistance Program to aid local business. (EDD) Action 1,6.2c: Consider participating in Franklin County"s Micro-Enterprise Revolving Loan Fund. Action 1.6.2d: Consider creating a business incubator for ventures that support Dublin's targeted industry sectors. (EDD, City) Action 1.6.2e: Consider developing short-term assistance programs directly applicable to the needs of the small business. (ED D) Action 1.6.2f: Develop a comprehensive database of information and resources useful to small businesses and entrepreneurs. (EDD) Strategy 1.6.3: Determine and promote an optimum industry sector mix and maintain a balanced proportion of land uses and business types; allowing a diversified base, not one type of business to the total exclusion of others. 9 Action 1.6.3a: See Actions 1.4.1 a - 1.4.1 f Strategy 1.6.4: Diversify revenue stream (sources). Action 1.6.4a: Re-examine fees and tax structures to determine alternative sources at, or increase proportions of, revenues other than income tax. (City) OBJECTIVE 1.7: Evaluation Strategy 1.7.1: Monitor progress Action 1.7.1a: Conduct annual review of progress. (EOO) Action 1. 7.1 b: Conduct annual survey of partners and customers to ascertain effectiveness, (EOO) Action 1.7.1c: Conduct annual review of market trends and external geo-political factors and adjust plan to maintain its applicability. (EOO) GOAL 2 INFORMATION RESOURCE Develop reservoir of accessible information to support the economic development process. Objective 2.1: Create available site and building database Strategy 2.1.1: Work with local developers and real estate professionals to gather data. (EOO) Strategy 2.1.2: Utilize Web-based GIS system to provide information. (EDD, GIS) Strategy 2.1.3: Ensure Ohio Department of Development maintains accurate database of information. (EOO) Objective 2.2: Provide economic impact of development projects (ED D) Objective 2.3: Create and maintain information on the Dublin economy 10 Strategy 2.3.1: Using income tax data and NAICS Codes, conduct annual analysis of Dublin economy and business trends. (EDD, Finance) Objective 2.4: Enhance awareness of factors effecting key businesses and business sectors Strategy 2.4.1: Develop relationship with national industrv analvsts in key business sectors. (EDD) Strategy 2.4.2: Conduct detailed industry assessments for key business sectors and emerging industries. (EDD) GOAL 3 REGIONAL LEADERSHIP Advocate for local, regional and state policies that support regional economic sustainability. Objective 3.1: Elevate Dublin's stature as a leader on regional cooperation Strategy 3.1.1: Take leadership role in a regional dialogue on business incentives and competition for intra-regional business relocation. (EDD, City) Strategy 3.1.2: Create strategic regional partnerships. (City, EDD) Action 3.1.2a: Continue joint political efforts to address regional trafllc issues (City) Action 3.l.2b: Consider utilization of joint political agreements to further economic vitality ofregion (Joint Economic Development Districts [JEDD], Cooperative Economic Development Agreements [CEDAD (City, EDD) Strategy 3.1.3: Participate in discussions on regional tax sharing. (City, EDD) 11 Implementation Strategy The City of Dublin should view The Plan as a guide for the facilitation of its economic development process. A plan must be flexible to be effective. There are far too many unknowns that affect the outcomes of the economic development process and the unpredictability of effectual events will render an inflexible process useless. A plan should allow for the community to change its course of actions to avoid problems and to capture emerging opportunities. The timely implementation of key elements such as economic analysis, business/community surveys and program evaluations should provide the community with critical data from which to shift gears when appropriate. The Implementation Strategy recognizes that the economic development process is ongoing. That is, the City of Dublin is currently facilitating economic development and will continue to do so while implementing elements of The Plan. The Implementation Strategy accounts for that fact but provides for a more orderly approach. The basis for the Implementation Strategy is grounded in the premise that a community must first build a strong foundation (organization structure, public policy, infrastructure, and information) prior to programmatic action (marketing, financing, business retention and expansion, business development, business attraction, etc). This process ensures a very focused effort and a more informed decision-making process. As a result, the Implementation Strategy is divided into the following stages. Each building on the implementation of actions contained in the previous period. Additionally, those actions that are crucial to the proper formulation of the Plan are given higher priority and are contained within the early implementation stages, . 30 day . 90 day . 6 months . 1 year . 1.5 - 2 years . 3 - 5 years . 5 + years The following pages display the Economic Development Strategy Update elements sorted according to an implementation time frame, 30 DAY IMPLEMENTATION PHASE GOAL OBJECTIVE STRATEGY I ACTIONS Strategy 1.1.1: Utilize non-profit development Action 1.1.1 a: Revive the Community corporation Improvement Corporation (CIC) as an active component of the City's economic vitality effort. (City, Economic Development Division [EDD]) OBJECTIVE 1,1: Strengthen the City's economic development framework to improve business vitality and Strategy 1.1.3: Align resources Action 1.1.3b: Elevate cross- revenue generation. departmental communications on economic vitality. (City) . Stresses the importance of corporate citizens . Helps to identify potential Issues [Strategy 1.2.1: Adopt a new culture to advance Action 1.2.1c: Official appointment of the economic development, remaining true to the vision Director of Economic Development as of the Community Plan. City's primary contact for corporate , bus,ness issues. (City) OBJECTIVE 1.2: Provide an atmosphere in which, I Dublin businesses can flourish (enhance business GOAL 1 climate). IStrategy 1.2.4: Be proactive in providing new I~ctlon 1.2.4a: Continue to ensure REVENUE technology infrastructure that is on the cutting edge appropriate Infrastructure ,s ,n piace as ENHANCEMENT land anticipates evolving needs. ]needed. (City, EDD) Increase tax resources I i within the Dublin community by Strategy 1.4.1: Create a targeted industry program IAction 1.4.1 f: Aggressively promote supporting existing Dublin as a prime location for the industry isectors Identified in the Greater business, local Columbus Chamber of Commerce's entrepreneurs and ibusiness recruitment initiative, "Targets of attracting new targeted I Excellence." (EDD, Developers, Real employers that provide i Estate Brokers) sustainable Life Sciences employment i' Advanced Logistics opportunities. OBJECTIVE 1.4: Actively recruit corporate citizens that i create high wage sustainable jobs, !Action 1.4.3b: Continue to utilize broad :assistance programs such as TIFs (tax lincrement financing) to promote i :development and redevelopment. (City, Istrategy 1.4,3: tncrease use of local, county, EDD) :regional and state business assistance programs ! I ;Action 1.4.3e: Target incentives to the , !specific needs of the "business i Icustomer." (EDD, City) , i i~trategy1.6.1: Reduce office vacancy rate (EDD, IReal Estate Brokers, Developers) i I OBJECTIVE 1.6: Promote the diversification and i~trategy 1.6.2: Promote the growth of small iAction 1.6.2c: Consider participating ,n optimization of Dublin's tax base. !businesses I Franklin County's Micro-Enterprise I iRevolving Loan Fund. I 90 DAY IMPLEMENTATION PHASE GOAL OBJECTIVE I STRATEGY ACTIONS Action 1.1 .2a: Utilizing the CIC as the conduit, create a City/Business council to enhance discussion of issues critical to I the sustalnability of each. (City, EDD, Chamber, Business) I OBJECTIVE 1.1: Strengthen the City's economic GOAL 1 development framework to improve business vitality and Strategy 1.1.2: Develop public-private partnerships Action 1.1.2b: Utilizing the CIC as the REVENUE revenue generation. conduit, recruit business leaders to assist ENHANCEMENT I with the development of an external Imarketing campaign. (EDD, Chamber, Increase tax resources , Convention & Visitors Bureau) within the Dublin community by i I supporting existing Strategy 1.4.2: Develop a focused marketing IAction 1.4.2a: See Action 1.1.2b (above) business, local I campaign entrepreneurs and attracting new targeted i employers that provide I sustainable i employment OBJECTIVE 1.4: Actively recruit corporate citizens that iStrategy 1.4.3: Increase use of local, county, Action 1.4.3c: To increase the awareness opportunities. create high wage sustainable jobs. Iregional and state business assistance programs of the community as business friendly, i formalize and communicate the City's , local business assistance efforts as I definitive programs. (EDD, City) I I ! I 6 MONTH IMPLEMENTATION PHASE GOAL OBJECTIVE STRATEGY ACTIONS Strategy 1.2.1: Adopt a new culture to advance Action 1.2.1 a: Create a campaign to economic development, remaining true to the vision show both citizens and the business of the Community Plan. sector that Dublin understands and appreciates the importance of economic activity to the community. (City, EDD, Chamber) , , I I~ction 1.2.1b: Chamber and City develop OBJECTtVE 1.2: Provide an atmosphere in which, r ",00", '"' '"0' -~ o'M~"" '" Dublin businesses can flourish (enhance business I serve business needs and communicate climate). the new culture. (EDD, Chamber) Strategy 1.2,2: Make it easy to do business in Action 1.2.2b: Evaluate the need to Dublin. modify maintenance and enforcement GOAL 1 procedures to a customer service REVENUE oriented approach, e.g. "let us help you" , irestore compliance. (City) ENHANCEMENT I Increase tax resources OBJECTIVE 1.3: Retain and expand Dublin's existing Strategy 1.3.1: Develop an aggressive and TAction 1.3.1 b: Develop a rapid response within the Dublin businesses. comprehensive outreach program Iteam ~onsisting of bu~iness, chamber community by and city officials to vis,t and assist supporting existing Icompanies at risk of closing, relocating, business, local idownsizing or 'off-shoring.' (EDD, entrepreneurs and :Buslness, Chamber, CVB, Council) attracting new targeted i employers that provide I , sustainable IAction 1.4.3a: Develop a comprehensive employment i idatabase of information and contacts on opportunities, , lall available business assistance I Iprograms. (EDD) , I I OBJECTIVE 1.4: Actively recruit corporate citizens that I Strategy 1.4.3: Increase use of local, county, I create high wage sustainable jobs. Iregional and state business assistance programs Action 1.4.3d: ,Evaluate extending the '''Iife'' and explore the need to expand the I ;territories of existing Community IReinvestment Areas (CRA). (City, EDD) , I , OBJECTIVE 1.6: Promote the diversification and IStrategy 1.6.2: Promote the growth of small :Action 1.6.2f: Develop a comprehensive optimization of Dublin's tax base_ businesses :database of information and resources iuseful to small businesses and i entrepreneurs. (EDD) , i I , 1 YEAR IMPLEMENTATION PHASE GOAL OBJECTIVE STRATEGY ACTIONS Action 1.3.1 a: Annually contact 100 firms to ascertain information, issues and needs. (EDD, Chamber) OBJECTIVE 1.3: Retain and expand Dublin's existing Strategy 1.3.1: Develop an aggressive and businesses. comprehensive outreach program Action 1.3.1 c: Conduct periodic focus groups of specific business sectors to identify opportunities or issues. (EDD) Strategy 1.4.1: Create a targeted industry program Action 1.4.1 a: Conduct market analysis to ascertain specific industry sectors and occupation classifications that can be supported by the Dublin community. IconSideration should be given to the following industry sectors: health care (R&D), high-tech manufacturing. small to Imid-size corporate and regional offices, !bUSiness services. Operations of any I I;argeted sectors that have the potential for ! "off-shoring' should be closely examined. (EDD) !Action 1.4.2b: Create a more marketing GOAL 1 OBJECTIVE 1.4: Actively recruit corporate citizens that : oriented section to the City's web site. I(EDD, GIS, Community Relations) REVENUE create high wage sustainable jobs. i I ENHANCEMENT !Action 1.4:2c: Examine unique Increase tax resources I !opportunitles to engage the developer and within the Dublin I ireal estate communities. (EOD, community by !Developers, Real Estate Brokers) supporting existing I Strategy 1.4.2: Develop a focused marketing I. Continue to use the Memorial Golf business, local i campaign Tournament and the Economic entrepreneurs and I Developm.ent Division's annual golf outing as marketing tools. attracting new targeted I , employers that provide :Action 1.4.2d: Maximize marketing by sustainable :Creating co-op opportunities with high employment iprofile local businesses. (EDD, Business) i I opportunities. , i IAction 1.5.1a: Initiate conversations with ! owners and managers of under~utilized i :properties and facilitate the building of a , I;eam to address revitalization ISsues. OBJECTIVE 1.5: Assist in the revitalization of under~ !Strategy 1.5.1: Promote revitalization and upgrading (EDD) utilized areas (properties and/or buildings) 10f aging, under-utilized developments and/or spaces. IAction 1.5.1 b: Adapt u.se of incentives to : promote desirable revItalization efforts. (City, EDD) Action 1.7.1 a: Conduct annual review of I progress. (EDD) , I :Action 1.7.1b: Conduct annual survey of :partners and customers to ascertain ielfectiveness. (EDD) OBJECTIVE 1.7: Evaluation !Strategy 1.7.1: Monitor progress , , , I;ction 1.7.1c: Conduct annual review of , market trends and external ,geo-political factors and adjust plan to imaintain its applicability. (EDD) , Strategy 2.1.1: Work with local developers and real estate professionals to gather data. !(EDD) GOAL 2 Objective 2.1: Create available site and building database INFORMATION Strategy 2.1.2: Utilize web-based GIS system to RESOURCE provide information. (EDO, GIS) Develop reservoir of accessible information Objective 2.3: Create and maintain information on the Strategy 2.3.1: Using income tax data and NAICS to support the Dublin economy Codes, conduct annual analysis of Dublin economy economic development and business trends. (EOD, Finance) process, Objective 2.4: Enhance awareness of factors effecting Strategy 2.4.2: Conduct detailed industry key businesses and business sectors assessments for key business sectors and emerging industries. (EDD) Objective 3.1: Elevate Dublin's stature as a leader on Strategy 3.1.2: Create strategic regional partnerShips. Action 3.1.2b: Consider utilization of joint GOAL 3 regional cooperation (City, EDD) political agreements to further economic REGIONAL vitality of region (Joint Economic LEADERSHIP Development Districts {JEOD], Advocate for local, Cooperative Economic Development regional and state Agreements [CEDAJ) (City, EDD) policies that support regional economic sustainability 1 - 2 YEAR IMPLEMENTATION PHASE Paoe 1 GOAL OBJECTIVE STRATEGY ACTIONS iAction 1.2.2.a: Evaluate the need to Istreamline the permitting and development processes. (City) Strategy 1.2.2: Make it easy to do business in Dublin, Action 1.2.2.c: Re-evaluate sign codes to be sure motorists can find their way to destinations and parking easily and safely. (City) Action 1.2.3a: Modify the land use plan to detail where these support services are mast needed and will have the least impact an the community at large. (City) Action 1.2.3b: Encourage multi-use professional buildings that sub-let space to service tenants an site. (City) I OBJECTIVE 1.2: Provide an atmosphere in which, Action 1.2.3c: Create City economic Dublin businesses can flourish (enhance business developme~t initiatives 3.nd assistance to climate). IStrategy 1.2.3: Improve support services far assure serv,ces are prov,ded through [businesses. creative alternat,ve modes. (City, ED D) Act,on 1.2.3d: Evaluate whether hOUSing I mix helps to attract and retain the i Ibusinesses desired. (City, EO D) I Action 1.2.3e: Evalua~e creativ~ GOAL 1 ' transportation alternat,ves to m'tigate REVENUE congestion and ensure access to the ENHANCEMENT I ,needed workforce. (City, EOO: Central : IOh,o Trans,t AuthOrity, M,d-Oh,o Reg,onal Increase tax resources Iplanning Comm,ssion) within the Dublin i i community by i . supporting existing ! :Act,on1.2.4b: Conduct a study to . I" . . lanalys,s market opportunil,es far Dublink bUSiness, local Strategy 1.2.4: Be proactive In prOViding new in an expanding telecommunications entrepreneurs and ,technology infrastructure that is an the cutting edge environment (EOD. Team Fishel) attracting new targeted jand anticipates evolving needs. employers that provide I sustainable I :Action 1.3.3a: Evaluate the need to and employment OBJECTIVE 1.3: Retain and expand Dublin's existing ,cons,der prov,d,ng ass'stance far the opportunities. businesses, 'I Strategy 1.3.3: Enhance local workforce I'tralning and/or retra'ning of employees. (City, EDO) Action 1.4.1 b: Customize marketing efforts to recommended new sectors. (EDO, City) Action 1.4.1 c: Create detailed area plans 'that specifically provide needed [infr~structure, services and synergies deSired by the recommended new Isectors. (City, EOO) i iAct,on 1.4.1d: Evaluate the need to ImOdifY zoning and development standards to accommodate the physical OBJECTIVE 1.4: Actively recruit corporate citizens that S 41 C . space needs of new industrial sectors, create high wage sustainable jobs. trategy 1. .: reate a targeted Industry program lincluding: (City) a. Changes in land use, including allowing sy~ergistic mixtures of uses lb. Increas.mg densities and floor area ratios c. Allow slgnage that communicates locations and uses clearly I d. Improve traffic flaw and access; , facilitated by visual cues like traffic signs and business signs and make recommendations accordingly. Action 1.4.1 e: Adapt approach to incentives to attract new sectors. (City, EOO) 1 - 2 YEAR IMPLEMENTATION PHASE Paoe 2 GOAL OBJECTIVE STRATEGY ACTIONS Action 1.5.1 c: Explore whether a revitalization area is a suitable location for facilities serving new, targeted industrial sectors. (City, ED D) Strategy 1.5.1: Promote revitalization and upgrading of Action 1.5.1 d: Utilize Community aging, underutilized developments and/or spaces. Improvement Corporation (CIG) to facilitate redevelopment. (City, EDD) . Property management and marketing . Planning and development facilitation I I Action 1.5.2a: Assemble and provide data to owners and managers about new markets they may be able to serve in Dublin. (EDD, i City) r-' ,~, ,..,"~ ~ m"~'''''''''. housing, services and businesses that serve special GOAL 1 needs of the nation's fastest growing demographic, the Action 1.5.2b: Adapt use of incentives to REVENUE OBJECTIVE 1.5: Assist in the revitalization of under utilize aging population. I promote availability of services and housing ENHANCEMENT areas (properties and/or buildings) I to serve the elderly and other emergmg Increase tax resources I IdemOgraph'C segments. (City, EDD) within the Dublin community by I supporting existing Istrategy 1.5,3: Evaluate and explore the need to amend business, local zoning and code requirements to accommodate entrepreneurs and ,desirable redevelopments and make recommendations attracting new targeted I accordingly. Areas in which flexibility and re- iexamination are particularly important: (City, EOO) employers that provide I sustainable employment la. Changes in land use, including allowing synergistic opportunities. mixtures of uses I b. Increasing densities and floor area ratios Ie. Allow signage that communicates locations and uses Iclearly Id. Improve traffic flow and access; facilitated by visual cues like traffic signs and business signs. I I Action 1.6.2a: Promote entrepreneurship I Strategy 1.6.2: among Dublin residents. (EDD, Chamber) Promote the growth of small businesses I i OBJECTIVE 1.6; Promote the diversification and Action 1.6.3a: See Actions 1.4.1a - 1.4.11 optimization of Dublin's tax base. 15tr3te9Y 1.6.3: Determine and promote an optimum industry sector mix and maintain a balanced proportion lof land uses and business types; allowing a diversified : base, not one type of business to the total exclusion of iothers. I ! Objective 2.1: C t '1 bl 't db'ld' d t b I Strategy 2.1.3: Ensure Ohio Department of Development I GOAL 2 INFORMATION rea e aval a e Sl e an UI mg a a ase !maintains accurate database of information. (EDD) RESOURCE I I Develop reservoir of accessible information Objective 2.2: Provide economic impact of development to support the economic projects (EDD) development process. Objective 2.4: Enhance awareness of factors effecting key !strategy 2.4.1: Develop relationship with national businesses and business sectors industry analysts in key business sectors. (EDD) I I i GOAL 3 REGIONAL [strategy 3.1.1: Take teadership role in a regional LEADERSHIP dialogue on business incentives and competition for Advocate for local, intra-regional business relocation. (EDD, City) regional and state Objective 3,1: Elevate Dublin's stature as a leader on policies that support regional cooperation regional economic sustainability Strategy 3.1.3: Participate in discussions on regional ta sharing, (City, EDD) 3 - 5 YEAR IMPLEMENTATION PHASE GOAL OBJECTIVE STRATEGY I ACTIONS Action 1.6.2b: Consider developing a GOAL 1 Technical Assistance Program to aid REVENUE local business. (EDD) ENHANCEMENT Increase tax resources within the Dublin Action 1.6.2d: Consider creating a community by business incubator for ventures that supporting existing Isupport Dublin's targeted industry business, local OBJECTIVE 1.6: Promote the diversification and Strategy 1.6.2: Promote the growth of small sectors. (EDD, City) entrepreneurs and optimization of Dublin's tax base. businesses attracting new targeted employers that provide Action 1.6.2e: Consider developing short- sustainable term assistance programs directly employment applicable to the needs of the small opportunities, Ibusiness. (EDD) I , I I 5+ YEAR IMPLEMENTATION PHASE GOAL OBJECTIVE STRATEGY ACTIONS OBJECTIVE 1.3: Retain and expand Dublin's existing \ Strategy 1.3.3: Enhance local workforce Action 1.3.3b: Evaluate and consider the businesses. development of a "wage insurance" program. (City, EDD) \ . Protects wage of Dublin residents during time of unemployment or re-training. GOAL 1 REVENUE ENHANCEMENT Increase tax resources \ within the Dublin community by 1 supporting existing business, local OBJECTIVE 1.6: Promote the diversification and Strategy 1.6.4: Diversify revenue stream (sources). Action 1.6.4a: Re-examine fees and tax entrepreneurs and optimization of Dublin's tax base. structures to determine alternative attracting new targeted sources to, or increase proportions of, employers that provide revenues other than income tax. (City) sustainable employment opportunities. , I i I