The City of Citrus Heights recently adopted a new Economic Development Strategy and Baseline Report. The Strategy serves as the City's work plan to strengthen and diversify the Citrus Heights' economy. A Baseline Report was prepared to create a factual basis for the strategies developed. The Strategy provides a multifaceted approach to business retention and attraction by adding more diversity to the economy; assisting the existing retail base to adapt to the changing marketplace; nurturing local small-businesses, especially home-based businesses; and marketing Citrus Heights' desirable residential and business qualities.
To view the current Economic Development Strategy and Baseline Report, refer to the links below.
Economic Development Strategy (2011)
Economic Baseline Report (2011)
As part of the Economic Development Strategy, the City will provide annual updates on its progress to achieve and complete projects included in the Strategy. Annual updates are provided below:
First update - June 2012
1999 Economic Development Strategy
The updated 2011 Strategy replaces the 1999 Economic Development Strategy. An Action Matrix Report has been compiled to show the City's accomplishments from the 1999 Strategy.
Action Matrix Report (1999)
If you have any questions regarding the Economic Development Strategy, contact the Economic Development Division at email@example.com.
Strategic Goal: Improving Economic Development
In May 2012, the City Council added a new three-year goal to the City's Strategic Plan, "Improve Economic Development." The new goal was assigned four six-month strategic objectives. The objectives include:
Options for establishing a Community Economic Development Fund, including possible partnerships;
Changes to City policies to enhance economic development;
Alternative funding resources to replace Redevelopment funds for economic development; and
Complete the Antelope Crossing special planning designation process (i.e. rezone).
In response to the first three objectives, staff developed a white paper with the result of staff's research and recommendations for these objectives. This report is meant to provide a starting point for discussions regarding the City's options for establishing an Economic Development Incentive Fund and the tools currently available to the City for improving economic development. Review and discussion of the document does not approve any of the recommendations described. Draft Economic Development Incentive Fund Review and RecommendationsAppendix AAppendix C
On December 13, 2012 the City Council held a study session to discuss the draft report and give staff direction. City Council directed staff to provide more detail on how a proposed ED Support Fund or Development Fund would be structured. Staff has developed the following draft guidelines in response to City Council's request. The guidelines and other details of the proposed programs will be discussed at a study session on February 28, 2013 at 5:00 p.m. No recommendations or approvals will be made at the study session.
ED Support Fund, Part I: Business Associations DRAFT
ED Support Fund, Part II: Design Assistance DRAFT
ED Support Fund, Part II: Sign Improvement DRAFT
Development Fund, Part A: PBID/BID Support DRAFT
Development Fund, Part B: Development Support DRAFT
Development Fund, Part C: ED Innovation DRAFT
Development Impact Fee Deferrals DRAFT