Palo Alto Economic Development Strategies
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Source: Vacant to Vibrant (vibrantsf.org)<br />
BEST PRACTICE: VACANT TO VIBRANT<br />
PROGRAM, SAN FRANCISCO, CA<br />
Vacant to Vibrant, is a city-funded program of SF New Deal<br />
and in partnership with the San Francisco Office of <strong>Economic</strong><br />
and Workforce <strong>Development</strong>. It aims to bring economic<br />
recovery to downtown San Francisco through pop-up<br />
activation of vacant spaces with small local businesses and art.<br />
SF New Deal will provide activators with grants ranging from<br />
$3,000 to $8,000 and technical, marketing, permitting,<br />
compliance, and operations assistance. Activators also receive<br />
three months of free rent through the program. Participating<br />
property owners will be provided up to $5,000 from SF New<br />
Deal to cover tenant improvements and utility expenses,<br />
marketing material, permitting assistance, and one primary<br />
tenant.<br />
BEST PRACTICE: DOWNTOWN POPS!, SANTA<br />
CRUZ, CA<br />
As a pilot program through the Santa Cruz <strong>Economic</strong><br />
<strong>Development</strong> Department, Downtown Pops! aims to lower the<br />
barrier to entry for businesses looking to open in brick-andmortar<br />
locations and reduce risk for property owners to lease to<br />
new tenants during this time of economic recovery. The program<br />
involves the City entering a master lease with a commercial<br />
property owner experiencing vacancy, provides a guaranteed<br />
minimum rent, and sub-leases the space temporarily, up to six<br />
months, to a business with a lease term set at 5% of monthly<br />
sales.<br />
Source: Map data ©2022 Google, Childish, Downtown Pops! Recipient<br />
Source: Urban Village Farmer’s Market – Starter Bakery<br />
Source: Cult-favorite pastry purveyor finally<br />
opens first Oakland bakery (sfgate.com)<br />
BEST PRACTICE: UVFM LOCAL BUSINESS<br />
RETENTION, STARTER BAKERY, OAKLAND, CA<br />
Starter Bakery launched in 2010 from UVFM’s Temescal<br />
Farmer’s Market in Oakland. With UVFM support, the business<br />
successfully expanded in 2023 into a brick-and-mortar space<br />
within one mile of the market in which it formed.<br />
PALO ALTO, CA —————————— ECONOMIC DEVELOPMENT STRATEGIES<br />
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