Agenda - 02-24-2011 - 1a - Laserfiche WebLink

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12 "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 Morean'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 .