HomeMy WebLinkAbout(2026, 02/24) - D-9 - AmendedM
ECONOMIC DEVELOPMENT POLICY
Purpose
The City Council recognizes that the City's ability to deliver quality municipal services is dependent on
adequate tax revenues derived primarily from the properties and businesses located within the city. Healthy,
thriving businesses not only increase property, sales and bed taxes, but they also provide employment
opportunities that support local businesses and the strong residential property values that Newport Beach
enjoys. The City Council seeks to promote economic prosperity and growth within the city to maintain and
enhance a healthy economy, provide revenues for high quality municipal services, and infrastructure
maintenance and improvements, and preserve the unique commercial villages in Newport Beach. All of
these objectives serve the overriding purpose of protecting the quality of life of Newport Beach residents,
and the City Council recognizes the need to balance economic development objectives with protection of
the environment and the health and safety of the community.
Policy Implementation
The City Manager shall provide an effective and efficient structure for implementing economic programs,
utilizing staffing or consulting services in support of key directives from the City Council.
History
Adopted G-1 —
10-28-1968 ("Improvement in Govt. Efficiency & Economy)
Amended G-1 —
11-12-1968
Amended G-1 —
3-9-1970
Reaffirmed G-I
— 2-14-1972
Amended G-1 —
12-10-1973
Reaffirmed G-1
— 11-11-1974
Adopted F-28 —
3-22-1993 (incorporating G-1, "Economic Development Policy")
Amended F-28
— 1-24-1994 (changed to F-17)
Amended F-17
— 5-8-2001 (changed to K-10)
Amended K-10
— 6-10-2008
Amended K-10— 9-27-2011 (changed to D-9)
Amended D-9 — 8-8-2017
Amended D-9 — 2-24-2026