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Memo: Economic Development Update <br />August 16, 2016 <br />City Investment in Economic Development Projects <br />i The following is the major funding available for economic development projects and efforts: <br />Economic Development and Infrastructure Projects in $1.6 million ($400k each corridor) <br />Corridors (Downtown, Harbor, S. Main, 17'h Street) <br />*Note. General Fund Allocation for Economic Development staffing and admin = $465,000 <br />Real Estate Investment <br />• Over 1.9 million square feet leased since 2015 <br />• Estimated over 1,000 new jobs created <br />2 <br />19G -4 <br />Top Leases (2015-2016) <br />New Business <br />Square Footage <br />Lease Year <br />Banco Califgrnia <br />Deutsche Bank <br />136,269 <br />2015 <br />61;731' <br />The Enthusiast Network <br />61,609 <br />2015 <br />Pac(fiCail� litsuranc� <br />60,000. <br />: ,2t11,5 �!h ' <br />American Cooling Tower <br />49,700 <br />2015 <br />GS OvemighYDellvery ` <br />47,765 <br />2015 's <br />Round 1 Entertainment <br />47,500 <br />2015 <br />2MHour Fitness ; <br />4 ?,300 <br />.�015=`'_ ` <br />Atlas International <br />46,600 <br />2015 <br />Jobber Wholesale <br />=.46,417: <br />Hobby Lobby <br />46,000 <br />2015 <br />qel Airiii Motoisports <br />New American Funding <br />41,418 <br />2015 <br />2 <br />19G -4 <br />