Town Council Special Session
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Item # 3.
J.J. Johnston, Community and Economic Development
Community and Economic Development
PRESENTATION AND POSSIBLE ADOPTION OF THE REVISED COMPREHENSIVE ECONOMIC DEVELOPMENT STRATEGY (CEDS)
Staff recommends approval.
The purpose of the Community Economic Development Strategy (CEDS) is to provide an implementation framework to support the community's goals outlined in the Your Voice, Our Future General Plan and the Oro Valley Town Council's Strategic Leadership Plan for FY19/20 - FY 20/21, as they pertain to economic development and land use planning. The CEDS identifies issues, barriers and opportunities that translate into specific strategies and tactics the Town can undertake in order to achieve these goals. Council adoption of the CEDS is important because it provides both transparency and accountability regarding the Town's economic development plans.
BACKGROUND OR DETAILED INFORMATION:
The CEDS game plan is the result of an in-depth analysis of the Town's economic strengths and weaknesses, regional economic trends and related economic information. The CEDS is designed to provide a five-year framework to implement the policies identified by the community and the Town Council. The CEDS plan will help ensure that the community remains focused on advancing the economic prosperity for all who live and work in the community, and will be evaluated every fiscal year between 2019-2024.
On March 20, 2019, during a Town Council Special Session meeting, a draft of the CEDS was presented to Council. As a result of comments and suggestions made by the Council, the CEDS has been modified and condensed from 16 pages to nine pages.
In the weeks that followed March 20th, the Town Council adopted a two-year Strategic Leadership Plan with major policy sections regarding the economy, land use and related goals in the Your Voice, Our Future General Plan.
I MOVE to (ADOPT or adopt with changes), the Comprehensive Economic Development Strategy (CEDS).
I MOVE to DENY adoption of the Comprehensive Economic Development Strategy (CEDS) based on the following ________________.
CEDS Summary FY 2019/20 - FY2024/25
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