Fiscal Sustainability Taskforce May 25, 2017 Economic Development Fiscal Sustainability Taskforce May 25, 2017

8millon+ 22,320 2.8% KEY Dublin Facts 14.59 Square Miles 2,050 Size: Total Businesses: 14.59 Square Miles 2,050 8millon+ Square Feet of Commercial Development 22,320 In 2015, Dublin had: 17,954 households with a median home price of $891,000 An Average household income of $149,510   Source for total number of businesses: Source for Employement figure: Nielsen Report March 2016 Source for unemployement rate: GIS Planning 3/17/2016 Misc. [Santa Clara County Average Triple-Net-Lease Office Rent per ft2, 2015: $3.78] Employment 2.8% Unemployment Rate

Dublin Snapshot 2.4% 14.59 Miles Unemployment Rate: 2.4% One of the lowest in the state City Size: 14.59 Miles 3 out of 5 Dublin homes include children under 18 years old. Total Population: 57,350 Average Household Size: 2.73 Dublin’s population has increased 2.7% in the last year The number of Dublin households has increased 4.8% in the last year Dublin’s population has increased almost 30% in the last 5 years The number of Dublin households has increased 15% in the last 5 years In 2015, Dublin had: 17,954 households with a median home price of $891,000 An Average household income of $149,510   Source for Unemployment rate: CA EDD report February 2017 Source for percentage increase in population: GIS Planning April 2017 (61,025/46,864) Source for Number of Households/Average Household Income/Household Size: Claritas Report (February 2017) Source for percentage increase in households: Claritas Reports (18,817/16,349) Misc. [Santa Clara County Average Triple-Net-Lease Office Rent per ft2, 2015: $3.78] Households: 18,817 Average Household Income: $153,076

Goals in ECONOMIC DEVELOPMENT Strategy Enhance City’s Competitiveness & Maintain Strong Economic Base Small Business Support & Growth Position & Market Development Sites Support Downtown Business Attraction & Development

Economic Development Strengths Challenges Location (intersection of I-580 and I-680) Available, undeveloped land Strong economic base Accessibility (BART, freeways, airports) Existing development policies (Eastern Dublin Specific Plan, Downtown Specific Plan, etc.) Reputation Cost of land Lack of infrastructure in eastern Dublin Development Impact Fees (Sewer, Water, Streets, Parks, Schools, etc.) in entire Tri-Valley area Competition from Tri-Valley cities and beyond Lack of a traditional downtown experience

Economic Development Top Dublin Businesses By Employees Alameda County Ross Stores Headquarters MicroDental Laboratories United States Government Safeway Carl Zeiss Meditec By Generated Sales Tax Auto dealers Graybar Electric Target Lowes Epicor Software

City’s actions to stimulate economic investment Economic Incentive Program Sales Tax Reimbursement Offsetting physical improvement costs of project with rebate of new sales tax revenue City offering up to 50% of new sales tax revenue (over $10 million for five years; over $50 million for 10 years) Traffic Impact Fee Deferral Program Payment due just prior to occupancy rather than at building permit Fee Financing through SCIP Program Sewer Capacity Assistance Program Small Business Assistance

Growing Tech Presence We are very pleased to have a series of new and expanding firms located in Dublin. In addition to the expansion of Zeiss, we have seen other firms grow or move to Dublin. We are welcoming both Gigatronics and Zeltique to Crossroads Business Park.

New Tenants on Sierra Court 6400 Sierra Court has been a long-vacant industrial building on Sierra Court. We are pleased that new owners have upgraded the facility and have brought in exciting new tenants. Expanding: AMP Printing: 2nd facility in Dublin for commercial printing, adding nearly 100,000 SF to their total footprint Crossfit CSA: 16,000 SF elite fitness facility New to Dublin K1-Speed: indoor go-kart racing track Pace Supply: 38,600 SF plumbing wholesale facility

new & upcoming Business Openings

Proposed Retail Project IKEA Retail Center 340,000 SF store 92,000 SF retail space 6 acres open space Site Plan under review Revised site plan is under review. Environmental analysis underway. Multiple future community meetings.

Downtown Attraction & Development The success of our community is directly related to the success of our businesses. The City Council has identified support to business as being one of our highest priorities. Our partnership with the Dublin Chamber of Commerce is important, and I want to compliment the Chamber on the recently-held Business Expo they held in February here at the Shannon Center. Their Expo was vibrant and well-attended and highlights why Dublin is a great place for business. Several pilot programs: Decorate Dublin Holiday Contest recently launched Downtown Dublin Wi-Fi, which provides free wifi to public gathering spaces in the Downtown Dublin area Regional partnerships to support small businesses: Tri-Valley Manufacturing Day GameChangers Awards Tri-Valley Commerce Con Last summer, the City produced a “How to Start a Business Guide,” with practical tips, helpful resources, and important tools to empower businesses as they navigate the local, state, and federal processes.

Future Development Sites Eastern Dublin transit center Site A-1: Summerhill Homes processing 52 Townhomes Site A-3: Site is vacant; Transit Center plan calls for up to 180 units Site D-1: Site is vacant; 2.5+ acres (Office / Hotel) Site D-2: 12.1 acres (Office) Site E-2: 7.7 acres (Office) Site 15A: 11. 3 acres (Office)

Future Development Sites and Commercial Capacity Dublin Land Company – 80 acres, up to 900k sf Promenade Site – 20 acres, up to 285k sf Chen Property – up to 785k sf Downtown Dublin – ?? The Green at Park Place – ?? Site A-1: Summerhill Homes processing 52 Townhomes Site A-3: Site is vacant; Transit Center plan calls for up to 180 units Site D-1: Site is vacant; 2.5+ acres (Office / Hotel) Site D-2: 12.1 acres (Office) Site E-2: 7.7 acres (Office) Site 15A: 11. 3 acres (Office)

Upcoming Development Any Parks we want to feature?

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