Agenda - 02-11-2011 - B - Laserfiche WebLink

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"enhanced revenue" • Expanding revenue sources: go beyond residential property tax • Change ratio of residential to commercial tax base • Cost of services vs. benefit of bringing in more residents. How will retail attract workers? • Being able to provide jobs and housing to handle inevitable population growth • Promote ED that produces more revenue for county than it received previously, after factoring in the costs of providing capital funding and county services "community values" • Education: life -long learning, education at all levels • Social equity: heterogeneous, inclusive, sharing benefits of prosperity, lower poverty rate, higher affordability • High quality of life • Progressive on environmental issues, protection of natural environment • Focus on attracting businesses we do want instead of keeping out businesses we don't want (removing regulations that are a hurdle) • Regulation: flexibility vs. certainty? • Clarity of standards (regarding regulation) • Promotion of well -being of all county residents Jonathan Morgan's presentation: Economic Development in OC Three main approaches to ED: • Recruiting new businesses • Supporting and retaining existing businesses • Growing new businesses Supplementary strategies: Creativity and Talent Strategies and Place- Making Strategies • Orange County is already doing this well. (Arts and culture, social capital, quality -of- life amenities, attracting residents, downtown development, etc.) • Partnerships are important ways to stay strong in these areas. Themes that emerged from the discussion: 1. Provide INFRASTRUCTURE: • Orange County is already a very attractive place for businesses and residents. But we lack the capacity to accommodate all the businesses that might be interested in locating here. Big need for more space for these 24