SLO County Economic Strategy
To learn more about how the strategy was created, please review the following documents:
- FULL REPORT: Economic Strategy Update 2013 (May 2013)
- Economic Analysis Progam - Phase I Update (Excerpt from full report)
- Economic Analysis Program - Phase II Final Report - New
Go Business! Clusters
SLO County Community and Business Leaders Support the Project
The Economic Strategy Project is the first-ever local public/private partnership to provide an in-depth assessment of, and strategies for, San Luis Obispo County’s economy. The project established a strategy to create more long-term prosperity for our local economy. Started in late 2009, this vital project is a multi-phase approach incorporating an analytical phase to identify challenges and opportunities through key economic metrics with key business sectors stakeholder input. Driven by the business community, the Economic Strategy was published in November 2010, with the implementation of the plan in January 2011.
This project is endorsed by both the public and private sectors. Local government and the business community are all supporting the project. The County of San Luis Obispo and several businesses are sponsoring the project (see list below). These supporters believe that our local economy can be healthier in the long-term.
A group of businesses and government leaders, including the County Board of Supervisors, appointed the Economic Vitality Corporation (“EVC”) to fundraise for and manage this project. Established in 1994, as a non-profit economic development organization that provides business resources throughout the county, the EVC is viewed as being unbiased, with strong relationships throughout the County’s business community.
In the summer of 2009, a steering committee was formed and County Supervisors Frank Mecham and Adam Hill were selected as co-chairs of the project. Consulting firms throughout the nation were interviewed that specialized in developing economic strategies, and in the Fall of 2009, the Steering Committee selected Collaborative Economics, Inc. (a Mountain View, California-based firm). The EVC also draws on the expertise of other business experts including Don Maruskla & Company and Collaboration LLC. to support the project’s constant evolution and success.
The Economic Strategy highlights the results of the initial data analysis and input from business leaders throughout the county. The implementation of the Economic Strategy is ongoing, building upon that foundation and responding to current challenges and economic opportunities, as prioritized by the industry stakeholders. At this time, there is no established completion date as the industry clusters continue to find new initiatives to create more jobs and help foster contributions to the local economy.
Virtually all residents throughout the county will be impacted by, and benefit from, the proposed strategy. Because a healthy community requires healthy businesses, the strategy will impact people of all ages and companies in nearly every sector of our economy. Citizens and local government will benefit from an increase in the number of head-of-household jobs and more revenue for vital infrastructure and community services.
Yes. This project will benefit citizens outside of the workforce such as students and retirees, and even the unemployed, because it will help provide revenue to cities and the County to pay for the vital community services and infrastructure. Through the creation of a more vital and diverse economy, more tax revenue will be generated to help local governments. The project also serves to strengthen our economy, supporting emerging industries and promoting job growth.
No. The project is not a reaction to the current economic recession, but will offer solutions to near-term and long-term challenges and opportunities.
The Economic Element of the County’s General Plan is an overarching policy document, which serves to guide policies and resources. The Economic Strategy achieved updating the Economic Element as one of its important objectives. The recently revised Element now references the Strategy.
It is envisioned that the strategy will positively impact our local economy and communities, based upon a greater understanding achieved through a deep analysis of our business sectors, and solutions from the business community for a healthier economy. The strategy offers ways to create more head-of-household jobs, foster more businesses compatible to our county, and create ways to develop more tax rolls for our local government for vital infrastructure and sevices.
The Economic Strategy is funded approximately 50% from the County of San Luis Obispo and 50% from the business community. Additional funds to implement the identified economic priorities of the plan have also been secured through grants and project sponsorships.
We wish to thank the following sponsors on this project:
• Andre, Morris & Buttery
• Bank of America
• County of San Luis Obispo
• Don Maruska & Company
• First Solar
• Morgan Family Foundation
• Pacific Gas & Electric Company
• Rabobank, N.A.
• RRM Design Group
• Sierra Vista Regional Medical Center
• Southern California Gas Co.
• TJA Advertising
Contact EVC for an update on the implementation and how to get involved.