Sunday, August 30, 2015
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Kern Economic Journal
Mission Statement: Improve the economic viability of the County and its residents by facilitating the creation and retention of employment opportunities.
The goals of the County's Economic Development effort are to expand the County's economy by developing businesses in six industry clusters, which will in turn improve employment opportunities for County residents.
To achieve these goals, the County created a Partnership of numerous entities to help existing businesses to expand and to encourage the location of new business in Kern County. The Board of Supervisors directed the County Administrative Office to coordinate the efforts of the Partnership and make periodic reports to the Board of Supervisors regarding Partnership activities. The Board also designated the Kern Economic Development Corporation (KEDC) as the County's lead economic development entity. Partnership Information
Kern Economic Development Clusters
• Value-Added Agriculture
• Transportation and Logistics
• Energy and Natural Resources
• Aerospace and Defense
• Tourism, Recreation and Entertainment
• Healthcare Services
South San Joaquin Valley: An Update on the Region's Progress in 2014.
Economic Road Map for Kern County released in March.
County Economic Development Strategy Update, Final Report was adopted by the Board of Supervisors.
County Economic Development Strategy Annual Report presented to Board of Supervisors
Revision (Amendment No.1) of the 2005 County Economic Development Strategy Final Report approved by the Board of Supervisors. Revised Report
County Economic Development Strategy, Implementation Progress Report and Board Letter
The Board of Supervisors adopted the County Economic Development Strategy, Final Report. This update replaces the County's 1999 strategy. An executive summary, The Path to Sustainable Prosperity: Kern County's Economic Development Strategy, is also available.
The Board of Supervisors contracted with ICF Consulting, Inc., to update and revise the Economic Development Strategy.
FY 2012 - 2013 Annual Update - Draft Report for public review
FY 2009 - 2010 Final Adopted Report
2012 Kern County Labor Market Study published
Greater Bakersfield Vision 2020 implemented: "Our Future...Our Responsibility"
California Business Portal
Last week GO-Biz launched a new on-line business portal (BusinessPortal.ca.gov) which provides information to business owners on starting a new business, permits and licenses, incentives, and local resources. Key features include:
California Competes Tax Credit
Notice of program funding for fiscal year 2015/16:
Comprehensive Economic Development Strategy (CEDS) Federal Funding Opportunity
U.S. Department of Commerce Economic Development Administration grant assistance for projects that result in private capital investment and the creation of new jobs: Public Works, Economic Adjustment Assistance, and GCCMIF Economic Development Assistance Programs
The Comprehensive Economic Development Strategy (CEDS) is updated each year to maintain the eligibility of Kern County applicants to apply for and receive U.S. Department of Commerce Economic Development Administration grant assistance. Projects must result in private capital investment and the creation of new jobs. Each Annual Update is approved by the CEDS Committee prior to being adopted by the Board of Supervisors.
Initiatives for military base retention include support of Edwards Community Alliance on behalf of Edwards Air Force Base/Air Force Flight Test Center and participation in California Defense Alliance and Southwest Defense Alliance. These groups lobby on behalf of base missions, capabilities, and capacities with the goal of retaining and expanding Department of Defense investment and jobs within their respective areas.
County of Kern Industrial Development Authority is an alternative source of tax-exempt financing for manufacturers seeking to make qualified capital investment within the County and create new jobs.
Referrals are made to Kern Economic Development Partners - local, State, and federal business resource providers. These agencies promote, support, and encourage capital investment and job creation.
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