AGENDA DATE: 8/13/2025
TITLE:
Title
Economic Development Strategic Plan
BODY
SUBJECT/PROPOSAL/REQUEST: Receive a presentation, jointly discuss with the Economic Development Authority, and consider approval of the Economic Development Strategic Plan
ITEM TYPE: Regular Information Item
STAFF CONTACT(S): Richardson, Henry, Kilroy
PRESENTER (S): Emily Kilroy; Steven Pedigo, Resonance, VP for Economic Development
LEGAL REVIEW: Not Required
REVIEWED BY: Jeffrey B. Richardson
BACKGROUND: In November 2018, the Board of Supervisors adopted Albemarle County's first economic development strategic plan. The adopted Fiscal Year 2024-2028 Strategic Plan includes updating the economic development strategic plan as Objective 4.2.
In August 2024, the Board met with the Economic Development Authority in a joint session to initiate and provide early feedback on an updated plan. During that session, members of both public bodies discussed the importance of community, state, and federal partnerships; identifying strategic investment opportunities; supporting the Rivanna Futures project; aligning educational and training opportunities with employer needs as being; and supporting vibrant mixed use centers as opportunity areas to explore.
Over the past 12 months, staff have worked with a consultant to conduct data analysis, stakeholder engagement, and solicit community input to develop the draft economic development strategic plan. The plan's development has been the subject of a work session with the Board of Supervisors, several work sessions with the Economic Development Authority, and a discussion with the Planning Commission, all of which have informed the plan's development and refined the draft document provided as Attachment A.
STRATEGIC PLAN: Quality of Life - Encourage a vibrant community with economic and recreational opportunities that serve all community members.?
DISCUSSION: The Economic Development Strategic Plan (Attachment A) establishes ...
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