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HomeMy WebLinkAbout2024-01-30; Economic Development Subcommittee; ; Carlsbad Business Organization and Business UpdatesECONOMIC DEVELOPMENT SUBCOMMITTEE Staff Report Meeting Date: Jan.30,2024 To: Economic Development Subcommittee From: David Graham, Chief Innovation Officer Staff Contact: Subject: David Graham, Chief Innovation Officer david.graham@carlsbadca.gov, 44 2-339 -599 2 Carlsbad Business Organization and Business Updates Recommended Action Receive informational reports from Carlsbad business organizations, discuss, and provide recommendations. Executive Summary Carlsbad businesses fuel the city's economic vitality and Carlsbad's business organizations play a critical role in supporting them. This item provides a regular opportunity to hear an update from local business organizations, as well as from other key industry clusters and businesses, on current programs and initiatives, perceived challenges, and opportunities for engagement. Explanation and Analysis Carlsbad has three primary, local business organizations, including Carlsbad Chamber of_�ommerce, Carlsbad Village Association, and Visit Carlsbad. These three orga_nizations are heavily engaged in the local business community. Representatives of these organizations will provide feedback to the subcommittee on what challenges businesses are facing, as well as projections for what they see coming up in the future. In addition, other organizations, like San Diego Regional Economic Development Corporation (EDC), look at the region as a whole, and the macro-challenges and disruptions that industries face. A representative from EDC will give a holistic view of the regional economy and trends that are anticipated in the year ahead. Updates will be provided by: 1.Carlsbad Chamber of Commerce 2.Carlsbad Village Association 3.Visit Carlsbad 4.San Diego Regional EDC Fiscal Analysis This action has no financial impact. Jan.30,2024 Item #1 Page 1 of 2 Next Steps Staff will continue to engage with Carlsbad business organizations, economic development organizations, and other business support organizations that support the local economy, business programming, and businesses themselves. Exhibits None. Jan. 30,2024 Item #1 Page 2 of 2