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The memorandum provides a status report on the Commercial Anti-Displacement Strategy for the City of San José, detailing the project's plan and timeline. It outlines the purpose of the strategy, which is to mitigate commercial displacement and support small business retention. The report discusses the definitions of commercial displacement, the history of related city council actions, and the impact of the COVID-19 pandemic on small businesses. It highlights the establishment of the Commercial Tenant Protection Act (SB 1103) and its implications for small businesses. The report also includes feedback from the Small Business Advisory Committee and outlines the development process for the anti-displacement strategy over a 15-month period, with plans for ongoing updates to the committee and city council.
Key points
The memorandum is addressed to the Community and Economic Development Committee.
It provides an update on the design of a commercial anti-displacement strategy.
The strategy aims to support small business retention and mitigate commercial displacement.
Definitions of commercial displacement include direct, indirect, and long-term property appreciation.
The Commercial Tenant Protection Act (SB 1103) offers protections for qualifying small businesses.
There are approximately 58,000 small businesses in San José, with 97% holding active business licenses.
The Small Business Advisory Committee provided feedback on the need for better support and resources for small businesses.
The strategy development will take 15 months and will involve consultations and policy recommendations.
Limitations
The document contains unresolved placeholders and lacks specific details in some sections.
The status report appears to be a draft, as indicated by the context.
Generated for convenience from extracted text using AI. Review the official source document before relying on this summary.
Extracted text preview · 14,923 chars
COMMITTEE AGENDA: ITEM: TO: COMMUNITY AND ECONOMIC DEVELOPMENT COMMITTEE SUBJECT: Commercial AntiDisplacement Strategy Status Report Approved 1/27/25 (d)2 FROM: Nanci Klein DATE: January 13, 2025 Date: 1/17/25 RECOMMENDATION Accept a status report on the project plan and timeline for a commercial antidisplacement and mitigation strategy. BACKGROUND . This status report provides an update on the design of a commercial anti-displacement strategy for the City of San José, including the establishment of a policy framework with specific goals and actions. The strategy’s purpose is to leverage, in part, the work undertaken by the City since 2019 to support small business retention. The term ‘commercial displacement’ is used to explain the involuntary relocation of a business from its current/existing location. There are three different definitions that are commonly used to explain why the business has relocated or closed: • Direct displacement: the redevelopment of a specific site; • Indirect displacement: commercial rent increases not matched by an equivalent rise in business income with declining long-term profitability; and • Long-term property/asset appreciation: rising demand and...
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Generated summaryAI-assisted
The document is a status report on the Commercial Anti-Displacement Strategy presented to the Community and Economic Development Committee. It outlines issues related to involuntary business relocation due to site development, rising rents, and land value increases, affecting over 17,000 small businesses. It discusses the Alum Rock Pilot Program, which includes a new business center and federal pandemic grants. The report also mentions the Commercial Tenant Protection Act (SB 1103) and provides statistics on qualifying commercial tenants in San Jose. Feedback from the Small Business Advisory Committee is included, along with highlights of the work plan and a timeline for stakeholder engagement and committee meetings.
Key points
The report addresses involuntary business relocation triggered by site development, rent increases, and land value rises.
Over 17,000 small businesses are identified as commercial tenants.
The Alum Rock Pilot Program includes a new business center and $50 million in federal pandemic grants.
The Commercial Tenant Protection Act (SB 1103) formalizes landlord-tenant regulations.
An estimated 14,000 small businesses qualify as commercial tenants under SB 1103.
Feedback from the Small Business Advisory Committee emphasizes the need for extended notification timelines and access to legal advice.
The work plan includes an overview of the commercial property market and assessments of economic resiliency.
Stakeholder engagement is set to begin in Spring 2025, with various milestones leading to a CED Committee meeting in Spring 2026.
Generated for convenience from extracted text using AI. Review the official source document before relying on this summary.
Extracted text preview · 2,303 chars
Commercial Anti-Displacement Strategy Status Report Community and Economic Development Committee January 27, 2025 Item (d)2 Blage Zelalich Deputy Director Office of Economic Development & Cultural Affairs Victor Farlie Assistant to the City Manager Office of Economic Development & Cultural Affairs Commercial Anti Displacement Strategy • Involuntary business relocation • Triggered by: Site development Scarcity driving up rents Long-term increase in the value of land • 17,000+ small businesses are commercial tenants 2 Alum Rock Pilot Program • Opening of new business center at Quetzal Gardens • $50 M of Federal pandemic grants to business in 95116 • New East Side Coordinator position to sustain the work 3 Commercial Tenant Protection Act (SB 1103) • Formalized landlordtenant regulation • Qualifying businesses • Landlord requirements 4 San Jose’s SB 1103 Landscape Over 14,000 small businesses are estimated to be qualifying commercial tenants Business Headcount 1 Person 2 to 5 Person 6 to 35 Person Total Industrial Zoned Parcels 1,551 1,773 1,085 4,409 Retail/Office Zoned Parcels 4,831 4,346 1,901 11,078 Specially Zoned Parcels 1,227 669 310 2,206 Total 7,609 6,788 3,296...