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Memo: Economic Development Update <br />August 16, 2016 <br />• Santa Ana's Annual Unemployment rate in 2015 was 5.2% <br />16.0% <br />_.____,._...._... ._..�,,.._._..�__.�._...._._ - -- <br />14.0% <br />.1% <br />10.0% <br />— 10.4 1043°/0 <br />8.0% <br />6.s <br />4 5.2% <br />4.01b <br />___ <br />2.0% <br />0,00% <br />2006 2007 2008 2009 2010 209.1 2012 2013 2014 2015 <br />—+ -Santa Ana — *—Orange County California 9E United States <br />Business Attraction and Retention <br />• Over 250 businesses have been visited by City /Chamber Business Retention team since 2015. <br />• City provided bus tour to over 55 brokers and developers and highlighted several potential <br />development opportunities currently in the City. <br />• Negotiated and currently facilitating the completion of the sale of City owned property at <br />1232 -1244 S. Bristol for the creation of a dialysis center. This will result in over 65 new high - <br />skilled, high paying jobs for the corridor. <br />• Developed a hotel development incentive program designed to attract new 4 to 5 star hotel <br />developments. <br />• Completed a sales tax sharing agreement with Volvo to facilitate a renovation and increase in <br />inventory for the Volvo dealership. This should result in a significant increase in sales tax to the <br />City. <br />• Facilitated installation of new 15x30 foot freeway sign for Kia Depot along the 5 Freeway. <br />3 <br />19G -5 <br />