Receive and File Report Regarding the City s Efforts to Create an Economic Development Strategy and Additional Outreach to Culver City Residents and the Culver City Unified School District. MEETING DATE: 02.11.13 AGENDA ITEM: Receive and File this Report Regarding the City s Efforts to Create an Economic Development Strategy ATTACHMENTS 1. MuniServices Scope of Work 2. Data collected by MuniServices 3. Matrices summarizing comments received from Outreach meetings with City Business/property owners Pages 1 2 11 12 17 Scope of Work Economic Development Work Plan 1.0 Develop Work Plan and Contract 1.1 1.2 1.3 Meet with City to review project scope and timeframe. Develop work plan. Develop contract for services. 2.0 Economic Base Analysis 2.1 2.2 Analyze the economic base of the City. Hold two meetings with City and staff to review data and analysis of economic base. 3.0 Strengths Weaknesses Opportunities and Threat Analysis (SWOT) 3.1 Facilitate three (3) focus groups to gather data and information on what the stakeholders believe are the strengths and challenges of doing business in the City. Stakeholder participants in the focus groups will be determined by the City. . 3.2 3.3 Write a SWOT analysis utilizing the Economic Base Analysis and the information 3.4 3.5 gathered from the focus groups. Meet with City to review SWOT analysis. Analyze designated commercial districts to ascertain the land use in each area. Determine the opportunities and challenges presented by each district. 4.0 Leakage Study 4.1 4.2 Develop a Leakage Study that shows where Culver City is leaking sales tax. Analyze what economic segments are most at risk of leaving the City and what segments are most likely to be attracted to Culver City. 5.0 Market Analysis Report 5.1 5.2 5.3 Prepare a draft Report. Meet with City staff to review. Deliver a final Market Analysis Report. 6.0 Develop Work Plan 6.1 Work with City staff and key stakeholders to identify goals and strategies for 6.2 6.3 implementing...
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