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CC 05-19-2022 Item No. 18. Economic Development Committee First Reading Ordinance_Staff PresentationMay 19, 2022 Economic Development Committee CC 05-19-2022 Item No. 18 •Economic Development Committee (EDC) has met informally. •Council requested staff to amend the Muni Code to codify the EDC as part of the City Work Program. •At the February 15, 2022 meeting, Council provided direction to staff: •Membership comprised of two members of the City Council and three members from the community representing retail, hospitality, and the technology industry. Background Discuss items of importance pertinent to local businesses and to provide feedback to staff on business related City initiatives or projects. EDC Historical Purpose Provide expertise and guidance on policy related to economic development, and actively promote Cupertino as a location of choice for current and prospective businesses by: 1.Making recommendations to City Council on a broad range of strategic matters broadly applicable to the City’s economic development goals; 2.Serving as an ambassador to shed a positive light on the City by sharing economic development resources and information to prospective businesses and stakeholders, thus positioning the City as a location of choice; and 3.Encouraging public/private partnerships to further the City’s economic development goals by identifying potential resources. Proposed EDC Purpose Five (5) members including elected officials and industry sector representatives: 1.City Councilmember 2.City Councilmember 3.Technology Sector Representative 4.Retail/Small Business Representative 5.Hospitality/Tourism Sector Representative Proposed EDC Membership 1.Conduct the first reading of Ordinance No. 22-2240 “An Ordinance of the City Council of the City of Cupertino Adding Chapter 2.96 of Title 2 (Administration and Personnel) to Codify the Economic Development Committee". 2.Find that the proposed actions are exempt from CEQA. Recommendation Questions?