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

2. 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

3. 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

4. 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

5. 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

6. 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

7. 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

8. 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.

9. 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

10. new & upcoming Business Openings

11. 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.

12. 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.

13. 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: acres (Office)

14. 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: acres (Office)

15. Upcoming Development
Any Parks we want to feature?

16. For a PDF copy of this presentation, please visit
Questions?
For a PDF copy of this presentation, please visit