Quarterly Progress Report #2 Economic Development Program August 13, 2013 presented by: Craig Schmidt, CEO MB Chamber of Commerce prepared by: John DiNunzio, Economic Development Manager 1

What is the Economic Development Program? “is a concerted effort by the Morro Bay Chamber of Commerce working in a public- private partnership with the City of Morro Bay to influence the direction of business development opportunities that can lead to sustained economic growth and prosperity for the residents and business owners of Morro Bay.” 2

Upcoming ED Program Initiatives  Draft Economic Development Action Plan  Meeting with EVC, Councilmembers  Business Leader Committee meetings in Sept.  Hotel / Restaurant / Shop /Activity business packaging party (speed-dating) Oct 17 th 9am Shop Local - Business Forum 3

4 What potential new Morro Bay businesses received direct assistance from the Chamber? #Business Type 1Ale House looking add a Morro Bay outlet 2 Natural Gas Fuel Station Entrepreneur looking to base statewide consulting practice from Morro Bay 3Molded Foam company seeking to relocate light manufacturing 4New refurbished furniture boutique seeking / sought to open 5Concrete manufacturer warehouse relocated 6Theater Production Company prospect 7Regional Mexican Food Market considering a MB Outlet 8Sail Boat Mast and sail rigging specialty parts 9Seller of Used Vehicles seeking to establish a location 10BBQ Catering business 11Eco Friendly hat manufacturer looking for premises 12Entrepreneurs wanting to start a brew pub 13Local Herbalist wanting to move HQ to Morro Bay 14Local professional wanting to open a Yogurt Shop 15Non-profit to assist with recovery interventions seeking to establish a facility

What is the total number of businesses that contacted the Chamber or that were contacted by the Chamber? #Point of contact 33Total # of businesses that contacted the Chamber seeking business information or assistance. There are two new business now operating out of Chamber office. They are: Central CA Seafood Marketing Association and Fishline.com. (PR campaign in Sept)

New Business Licenses Quick stat: April – May – June 31 new business licenses April-May-June 33 businesses in Chamber outreach

New Websites

Commercial Property Search Commercial Property Inventory

Event Planners Workshop

1996 – 2013 Retail Survey Where are Morro Bay residents shopping around San Luis Obispo County? The following appraisal is from 1995 & 2013 resident retail surveys. While our shopping trips to City of SLO have remained about the same, we are shopping less in Morro Bay then we did 18 years ago. This may be due to growth in online shopping and development of other retail outlets around San Luis Obispo County. Morro Bay 36% City of SLO 47% Total Retail Shopping Trips Morro Bay 27% City of SLO 48% Total Retail Shopping Trips

City of San Luis Obispo is the location of choice for much retail selection. We are shopping more in SLO for home improvements, electronics, and groceries. Conversely, we are shopping 20% less for clothing and furniture in City of SLO then we did 18 years ago. Where are we shopping for clothes and furniture if not in City of SLO?

City of Santa Maria has lost out in terms of our residents shift in retail habits. Since 1995, A-town and Pismo Outlets have swayed our residents away from making shopping trips down into City of Santa Maria, Santa Barbara County. New big box outlets in City of SLO, A-Town and elsewhere are seeming to supply our residents with more of what we want to purchase. Santa Maria is still a popular place for Morro Bay residents to buy cars!

1995 mail order catalogues are compared to 2013 internet shopping. Interesting are the new categories of online purchases. In 1995, people only seemed buy cloths, department store items and gift through mail order. Now, 2013 just about every category has grown, including medical and electronic equip.

Thank You! Craig Schmidt, CEO Chamber of Commerce John DiNunzio, Economic Development Manager 695 Harbor Street Morro Bay, CA (805)