Albemarle Logo
File #: 16-482    Version: 1 Name:
Type: Work Session - Information Status: Work Session
File created: 7/18/2016 In control: Board of Supervisors
On agenda: 7/25/2016 Final action:
Title: Review of Quantitative Analysis and Data Findings Relevant to Formulation of the Economic Development Strategic Plan
Attachments: 1. 16-482_ Attach A. Developing an Economic Development Strategy: A Comprehensive, Best Practices Approach.pdf, 2. 16-482_ Attach B. Comparative Analysis – “The Albemarle County Story: A Quantitative Perspective”.pdf
Date Ver.Action ByActionResultAction DetailsMeeting DetailsVideo
No records to display.
AGENDA DATE: 7/25/2016

TITLE:
Title
Review of Quantitative Analysis and Data Findings Relevant to Formulation of the Economic Development Strategic Plan

BODY
SUBJECT/PROPOSAL/REQUEST: An informational briefing from Economic Development staff to the Board of Supervisors, Planning Commission and Economic Development Authority on research and data analysis important to creation of the Economic Development Strategic Plan.

ITEM TYPE: Regular Information Item

STAFF CONTACT(S): Foley, McClintic, Stimart

PRESENTER (S): Faith McClintic, Susan Stimart

LEGAL REVIEW: No

REVIEWED BY: Thomas C. Foley

BACKGROUND: When the Economic Development Office shared its approach for development of the Economic Development Strategic Plan in December 2015 (i.e. Economic Development Work Plan), it was anticipated that periodic check-ins with the Board would take place in order to share key findings that would help to inform the ensuing Plan. This will be the first of two anticipated briefings with the Board and other important stakeholder groups (i.e. Economic Development Authority and Planning Commission), with this one focusing on primary data points from the Comparative Analysis and the results of the site inventory evaluation.

The results of the site inventory evaluation, initially shared with the Board and Economic Development Authority in February, will be further reviewed at the meeting through the use of GIS tools. This review will focus on the currently vacant undeveloped/buildable acreage for business usage in the development areas to better assess its viability for meeting the needs of target industries. This evaluation will be based on information previously shared on land availability as presented on page 31 of attachment B.

STRATEGIC PLAN:
Goal 4 - Economic Prosperity: Foster an environment that stimulates diversified job creation, capital investments, and tax revenues that support community goals
Goal 2 - Critical Infrastructure: Prioritize, pla...

Click here for full text