Economic Development Strategic Plans. The severe economic challenges which faced southern California during the early 1990's required local and regional governments to fundamentally re-think their approach to economic development. Over the past several years, TNDG has been actively involved in developing strategic plans to guide public agencies in proactively pursuing economic growth. TNDG's strategic plans are action oriented and involve the following components:
- Comprehensive inventory of the jurisdiction's industrial base.
- Identification of key growth opportunities (including industry 'cluster' analyses).
- Assessment of existing growth constraints including infrastructure, competitive jurisdictions, and business 'unfriendly' permitting and regulatory practices.
- Recommendation of proactive measures to mitigate the identified constraints.
- Preparation of a detailed Action Plan to guide the jurisdiction in effectively pursuing the identified opportunities.
- Identification of funding sources available to implement the recommended actions.
General Plan Economic Development Elements. TNDG has served as the project economist for General Plan updates for communities throughout southern California. Working as part of multi-disciplinary planning teams, TNDG's role is to:
- Project long-term land use demand at city-wide and sub-area levels.
- Determine the resulting fiscal impact to the city from the indicated land use mix.
- Identify regulatory or other factors which may hinder the city's development potentials.
- Recommend policies to optimize the community's long-term economic vitality.
Redevelopment and Revitalization Strategies. TNDG has completed a number of assignments related to redevelopment and/or revitalization of commercial corridors which have lost their market viability due to physical deterioration, changing trade area demographics, and increased competition from contemporary commercial development. TNDG's approach is to identify the unique market niches in which these corridors can effectively compete with modern centers; quantify potential demand for new development within these market niches; and identify the specific public sector actions (including infrastructure investment, developer incentive packages, etc.) necessary to bring about the identified potentials.