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HomeMy WebLinkAbout2013-11-19 Item 18 Presentation“ T h i s s tu d y w as p a r t i a l l y s u p p o r te d b y t h e C h u l a V i s t a L o c a l G o ve r n m e n t P a r t n e r s h i p , w h i c h i s f u n d e d b y C a l i f o r n i a u t i l i t y r a te p ay e r s a n d a d m i n i s te r e d b y S a n D i e g o G as & E l e c t r i c , u n d e r t h e a u s p i ce s o f t h e C a l i f o r n i a P u b l i c U t i l i t i e s C o m m i s s i o n . ” Chula Vista Economic Development City Council authorized the study in November 2012 Presented findings to Council — September 2013 Return to Council with Implementation Plan November 19, 2013 Implementation Timeline begins January 2014 Analysis Project Purpose The purpose of the Chula Vista Business Cluster Analysis was to assess the City's: Identify "best fit" business clusters, 2 Readiness for recruitment of new businesses to attract and expand quality jobs, and 3. Provide recommendations for positioning, marketing, and business expansion & recruitment. City Strategic Plan Project Purpose Expand and attract businesses that create quality employment opportunities Strategic Goal - Economic Vitality Strategy - Strengthen and diversify the City's economy by: supporting and advancing existing businesses; targeting & attracting new businesses; promoting balanced land use decisions; & engaging the community to reinvest in the City. Strategy 2.2.2 - Initiatives targeted for building prosperity and quality jobs is, in part, to finish and implement the Cluster Study's recommendations. rrvject i4pprvacn Three key tasks: Industry Clusters Analysis Competitive Location Assessment Go- to- Market Strategy Best Fit Industry Clusters Target Indu! Clusters f Advanced Precision Mfg Industry Opportunities Additive Mfg - $3.1 billion industry — application from automotive /aerospace to medical device and consumer products — technology to create bones and soft tissue for surgical procedures. 51,4023 Mal kirtS Machine Setters, Ckwa tan, acrd fenders, Mena1 8% CIA Cut". Pu lrirtq,and Prey Ma.tkinL- SeUert„ 51 -4031 Ope ra to m, anrl Tip ndem, ICI FiaAi� 6% 0.48 514021 WriAng and brawing Mathhne setters, Op,eratinrs. and 0.76 51 -914B Fk s- Praduction'r aAers 5% D-65 51-1011 Rkst,Upne Sum r ilT—m of P rod u�dw a►rd Opaxa0% 4*A 0.75 51 -4121 Welders, Cutters, 'kkrer5, and 9rjkb&s 4% G 51 -9%3 hnspectorF., Testers, ., Samplers, amd ti riMh�rs 449E 1.14 49 i?] Mai rloe arW Rmnir Workers, GvneraP 1% 4.91 53 -7062 Libme s and Frelgh� Fkb3 * a^rbd Material Movers, 14amd 3% 13.77 41-4012 ,il R r mt dues, WN*wk ;Prw1 WnArtwrirrs 31% 0. 49-9m] Mdustrlal Ma - Nneryr Mechanics 3% 4.40 53 -7MI k► ustrral TrLKk and Trar<tar Operamrs 3% 0.515 43.5471 WpFpinK. fteciming, .and Traffic. Clerks 2% i.W 51 -4091 MultwW Machrlrre Tool setter, Operators, and Tendets, 2% 0.51 53-70Z] (ran-P and Towro r mtws ?% U� 1Q 51 -2092 Team Assemblers 2% a84 5� 111 IMeatTre#,urr Ear rr nt5ett,3r , OfRerBGrYr .ai�itl 2% 0.45 Advanced Precision Manufacturing Avg Wages Precision $42,300 Aerospace $125,800 ivext steps - impiementativn rian Two Primary Categories Go- to- Market Location Assessment overview yr Kecvmmenaativns Existing Business Development Packaging Key Positioning Target Audience &Markets Business Attraction Earned Media Staffing Un d e r w a y S h o r t T e r m (> 3 M o n t h s ) M e diu m T e r m ( 3 - 6 M o n t h s ) L o n g T e r m (1 8 0+ ) I m p . C o s t s O n -going C osts Un d e r w a y S h o r t T e r m (> 3 M o n t h s ) M e diu m T e r m ( 3 - 6 M o n t h s ) L o n g T e r m (1 8 0+ ) I mp .C ostsOn-going C osts Un d e r w a y S h o r t T e r m (> 3 M o n t h s ) M e diu m T e r m ( 3 - 6 M o n t h s ) L o n g T e r m (1 8 0+ ) I m p . C o s t sOn-going C osts Un d e r w a y S h o r t T e r m (> 3 M o n t h s ) M e diu m T e r m ( 3 - 6 M o n t h s ) L o n g T e r m (1 8 0+ ) I m p . C o s t sOn-going C osts Un d e r w a y S h o r t T e r m (> 3 M o n t h s ) M e diu m T e r m ( 3 - 6 M o n t h s ) L o n g T e r m (1 8 0+ ) I m p . C o s t s O n -going C osts Un d e r w a y S h o r t T e r m (> 3 M o n t h s ) M e diu m T e r m ( 3 - 6 M o n t h s ) L o n g T e r m (1 8 0+ ) I m p . C o s t s O n -going C osts Un d e r w a y S h o r t T e r m (> 3 M o n t h s ) M e diu m T e r m ( 3 - 6 M o n t h s ) L o n g T e r m (1 8 0+ ) I m p . C o s t s O n -going C osts Un d e r w a y S h o r t T e r m (> 3 M o n t h s ) M e diu m T e r m ( 3 - 6 M o n t h s ) L o n g T e r m (1 8 0+ ) I m p . C o s t s O n -going C osts Un d e r w a y S h o r t T e r m (> 3 M o n t h s ) M e diu m T e r m ( 3 - 6 M o n t h s ) L o n g T e r m (1 8 0+ ) I mp .C ostsOn-going C osts Un d e r w a y S h o r t T e r m (> 3 M o n t h s ) M e diu m T e r m ( 3 - 6 M o n t h s ) L o n g T e r m (1 8 0+ ) I m p . C o s t sOn-going C osts Z ry Year 1 BuIget L AM A Travel 151000 Printing 10,000 Marketing & Advertising 121000 Consulting Services — 20,000 qualified prospect meetings Services & Associations 15,000 Earned Media - Staffing 561000 Budget 128,000 Ongoing Budget 12,500 2,500 12,000 20,000 15,000 5,000 58,000 125,000 r 7 s� Lsenerits yr rcecruiting target dusters The project used a target cluster business has the basis for assessment. Alight industry manufacturer investing $8 -$12 million, 80 employees would create community prosperity of approximately: 80 direct quality jobs Demand for 100+ indirect jobs Annual economic impact $19.5 million Approximately $200,000 in local taxes annually