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ELEMENT <br />REF # <br />EJ <br />IMPLEMENTATION ACTION <br />AGENCY <br />TIME <br />FRAME <br />2023 UPDATE <br />Economic <br />1.6 <br />No <br />Business development targets. Prepare <br />CDA <br />Ongoing <br />Economic Development Division <br />Prosperity <br />and regularly update a business <br />continues to track and attract <br />development target list that identifies <br />businesses that provide sustainable, <br />the types of businesses that are most <br />well -paying jobs for the community and <br />likely to be interested in a Santa Ana <br />that generate higher net revenues. The <br />business location, the types of <br />businesses in the City continue to thrive <br />businesses most likely to employ city <br />and help maintain unemployment rates <br />residents, types of businesses that <br />low in the City and the State. The <br />broaden the local economy, and the <br />unemployment rate for Santa Ana is <br />types of businesses expected to <br />among the lowest in the State at 3.70 <br />generate higher net revenues for the <br />as of July 2023. CDA continues to make <br />City or to create shared revenue <br />efforts to retain and attract businesses <br />opportunities; target the City's business <br />in the City. <br />attraction efforts on these types of <br />businesses. <br />Economic <br />1.7 <br />No <br />Living wage jobs. Prepare and regularly <br />CDA <br />2022 <br />The City of Santa Ana continues to <br />Prosperity <br />update a living wage calculation for <br />attract businesses that compensate <br />Santa Ana; prepare and regularly update <br />employees at a living wage or higher. <br />a list of the types of businesses in which <br />the average wage is above a living wage <br />for Santa Ana; incorporate this <br />information into the City's business <br />incentives program. <br />A-24 <br />City Council 13 — 52 3/19/2024 <br />