EXECUTIVE SUMMARY
It all adds up to JOBS!
In 1994, the San Mateo County Economic
Development Plan was formulated through a collaborative effort of the public and private
sectors representing business & industry, public administrators, elected officials,
chambers of commerce, and the colleges. Its stated mission was:
To create a county-wide
economic development strategic plan for the retention, expansion and attraction of
business through collaborative public/private partnerships.
The 1994 Plan's goals were to establish a
clearinghouse for information/resources, leverage professional skills in order to respond
to business needs, retain/attract jobs, and to enhance local economic development
activities. The final document, created by SAMCEDA, the County of San Mateo, member cities
and the Community College District, fulfilled its purpose in being a meaningful, working
tool which the economic development efforts County-wide would be leveraged.
Program priorities defined in the 1994 proposal
included:
=> San Mateo County Blueprint - Phase I
=> Information & Networking
=> Retention Program
=> Attraction & Expansion Program
=> Advocacy
=> Communications & Marketing
=> Other Activities & Projects might
include:
Business Incubators
International Trade & Investment
Small Business Assistance Center
Coordination with regional planning
organizations
In mid-1995, the objectives of the original
Economic Development Plan have been implemented in the comprehensive San Mateo County
Economic Vitality Blueprint, Phase 1, the mission of which was to facilitate a County-wide
community assessment.
Utilizing an expanded definition of economic
development, economic vitality included Quality of Life factors in addition to traditional
economic development components:
| Quality of Life |
Economic Vitality
& Opportunities |
* Preserve open space
* Urban densities
* Internationally competitive education system
* Workforce Housing
* Cultural/Ethnic Diversity
* Integrated Transportation System |
* Permit Streamlining/Regulatory
Reform
* Knowledge Based Cluster Industries
* International Trade & Investment
* Recognized Identity/High Visibility
* Skilled Workforce
* Diverse Industry Mix |
The Blueprint represents an in-depth analysis of
key economic factors impacting San Mateo County, including unemployment, future trends in
employment, income, taxable sales, emerging and growth industries, venture capital, and
international trade. The Blueprint contains an analysis of economic infrastructure in the
form of specific strengths and challenges of San Mateo County.
This in-depth analysis resulted from input
received from a broad cross-section of stakeholders, including business, community,
education, government, labor, environmental, and transportation leaders. Interestingly, it
was determined that any particular issue could be viewed as both a strength and a
challenge depending on the prevailing point of view, so further analysis was performed on
many elements to further define the key challenges impacting the County's economic
vitality.
Participating stakeholders were asked to view the
County ten years forward and to create strategic directions in each of the categories of
challenge based upon this long range perspective. What resulted was the creation of an
Economic Vitality Vision:
Our Vision is to ensure the
Economic Vitality
of San Mateo County by building on its
diversity and strength as a global competitor.
Realization of this Vision is dependent on
several requisite elements:
=> Collaborative public & private sector
planning and implementation of programs and services
=> Customer service driven permit and regulatory environment
=> A well prepared and skilled, diverse workforce
=> Optimal economic vitality on remaining developable and redevelopable land
=> A range of housing that meets the needs of a diverse workforce
=> Integrated regional transportation system
=> International trade and investment leader
=> Diverse mix of business and industry providing a wide range of employment
=> A well known "identity"
The completed analysis of San Mateo County's
economy and infrastructure, as well as the strengths and challenges, provides a foundation
on which specific strategies could be identified. The Blueprint provides strategic
directions in the form of proposed Action Teams, again utilizing the established
collaborative public/private sector participation model. The Blueprint calls for separate
Teams to address defined challenges and develop specific strategies and action plans that
would ultimately be presented to the Economic Development Advisory Council (EDAC) for
implementation.
The resulting implementation of the Blueprint-
Phase I is the San Mateo County Economic Vitality Blueprint, Phase II, the 1996-99
Strategic Action Plan.
An innovative two-tiered method for
measurement of results and progress has been developed; individual Action Teams will rate
their performance based on attainment of specific goals on a semi-annual basis, and a
separate and independent Standards and Evaluation Action Team has been created to analyze
the County's economic vitality using key indices as compared with the region, State and/or
other major metropolitan areas against over-all goals.
In addition, the aggregate value of the design,
creation and implementation of the Strategic Action Plan has been projected, yielding a
net value of over $2.3 million for the first year alone.
Strategies are accompanied by specific action
plans which identify what is to be done, by whom, within what time-frame, and at what
direct and indirect cost.
It is important to note that this is a three year
working Strategic Action Plan. While the individual action plans focus primarily on the
first year implementation, attainment of their objectives will be carried into subsequent
years. A semi-annual evaluation of each Team's progress, and goals will determine future
action plans. An annual review will be done by the Standards and Evaluation Team to
optimize results. |