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Community Development STAFF REPORT Planning Commission Meeting Date: Staff Report Number: Public Hearing:9/12/2016 16077PC Use Permit/Off the Grid Services LLC/Menlo Park Civic CenterRecommendation Staff
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01
Start by analyzing the current economic state of the city. This includes gathering data on the major industries, employment rates, and financial indicators.
02
Identify the strengths and weaknesses of the city's economy. This can be done through SWOT analysis, which looks at the internal and external factors affecting economic growth.
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Set clear goals and objectives for the economic strategy. These goals should be specific, measurable, achievable, relevant, and time-bound.
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Develop a plan of action to achieve the goals. This may involve attracting new businesses, promoting entrepreneurship, enhancing infrastructure, or investing in education and workforce development.
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Engage stakeholders in the economic strategy. This includes involving local government officials, business leaders, community organizations, and residents to ensure a collaborative and inclusive approach.
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Allocate resources and budget for implementing the economic strategy. This may involve securing funding from various sources, such as government grants, private investments, or public-private partnerships.
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Implement and monitor the economic strategy. Continuously assess the progress made towards the goals and make necessary adjustments to the plan as needed.
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Evaluate the impact of the economic strategy. Measure the outcomes and impacts of the implemented initiatives and strategies to determine the effectiveness and success of the economic strategy.
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Communicate the economic strategy to the public and stakeholders. Transparency and engagement are key to gaining support and fostering partnerships for the long-term success of the city's economic development.

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The economic strategy city is a plan developed by local government to promote economic growth and development within a city.
Businesses operating within the city and local government officials are required to file economic strategy reports.
Fill out the economic strategy city report by providing information on current economic conditions, proposed development projects, and strategies for growth.
The purpose of economic strategy city is to guide decision-making and investment in order to stimulate economic activity and create a vibrant business environment.
Information on employment rates, industry sectors, infrastructure projects, and planned investments must be reported on economic strategy city.
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