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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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