Economic Development
The purpose of the Economic Development Element is to establish policies essential to the economic success of the City of Palmdale and its residents. This Element provides policy direction and metrics to grow and diversify the City’s economy and promote fiscal sustainability by attracting new businesses and residents, retaining, and nurturing existing industries, and expanding workforce development opportunities. Topics addressed in this chapter include jobs and workforce development, housing and community amenities, transportation and infrastructure investment and fiscal health.
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Chapter Highlights
City’s Economic Base. Palmdale’s economy is largely dependent on the aerospace industry. Diversification of its economic base by attracting new industries to locate here will improve fiscal resilience.
Film Jobs. Attraction of film, media and entertainment uses, particularly sound stages and post-production facilities are a City priority. Palmdale can leverage its location in the Secondary TMZ or Studio Zone to attract these jobs.
Housing. Lower housing costs have supported homeownership in the City, yet the limited development of new housing units, particularly multi-family units, has led to a lack of housing diversity.
Educational Opportunities. Expanding high-quality educational opportunities to better match existing residents with available and future well-paying jobs will help the improve household income.
Learn About
Goals and Policies
Learn About
Jobs and Workforce
ED-1.1 Attract manufacturing employers. Attract supply chain employers for the manufacturing and defense industries to strengthen Palmdale’s economic viability and competitiveness within these sectors.
ED-1.2 Employee serving amenities. Encourage the development of business and employee serving amenities (i.e., retail, dining, hospitality) proximate to existing districts.
ED-2.1 Attract high growth industries. Target economic activities from high growth industries, including film, media and entertainment production, and clean technologies, to diversify Palmdale’s economic base.
ED-2.2 Smart City technology. Maintain and enhance smart city technology in Palmdale to support local businesses and growth of telecommuting.
ED-2.3 Foreign Trade Zone. Position the existing Foreign Trade Zone designations to attract export-oriented employers.
ED-3.1 Higher education. Promote and expand higher educational opportunities in Palmdale.
ED-3.2 Workforce training. Support additional trade school training and apprenticeship programs for key growth industries for youth and local workforce.
ED-3.3 Childcare and early education. Promote opportunities for affordable, high-quality childcare and workforce-related early education.
ED-3.4 Workforce programs. Expand partnerships and workforce programs with public schools, vocational schools, community colleges, and major employers within Palmdale.
ED-3.5 Job matching. Connect residents with job opportunities in aerospace and other emerging sectors.
Housing and Community Ownership
ED-4.1 Active downtown. Create a vibrant and active downtown environment, leveraging the Palmdale Transit Area Specific Plan to focus development.
ED-4.2 Community gathering. Leverage development to provide space for community gathering and events.
ED-4.3 Entertainment and retail. Increase opportunities for entertainment and/or shopping.
ED-4.4 Local business. Encourage and foster local businesses in Palmdale.
ED-4.5 Local businesses in downtown. Support local small businesses and legacy businesses to remain in or relocate to the downtown core.
ED-5.1 Affordable housing preservation. Encourage and preserve affordable housing for the residents of Palmdale.
ED-5.2 Supply and diversity of housing. Increase the supply and diversity of housing options to support different types of households including seniors, young adults, families, empty nesters, individuals or families with special needs, and multigenerational families.
ED-5.3 Transit-oriented development. Encourage transit-oriented development that meets community needs in the proposed downtown near the future multi- modal high speed rail station and at other transit nodes.
ED-5.4 Displacement. Address displacement issues due to redevelopment and large-scale capital projects.
ED-5.5 Assembly of parcels. Encourage assembly of small parcels via incentives to facilitate infill development.
Economic Development and Infrastructure
ED-6.1 Transportation investments. Support opportunities to bring more transportation investments such as a High-Speed rail station and opening commercial air services.
ED-6.2 Infrastructure investment. Prioritize infrastructure and development that unlocks economic investment around the City and increase usage of transportation facilities.
ED-6.3 Neighborhood transportation connections. Improve local transit and last mile connectivity between neighborhoods and regional transportation hubs/corridors.
ED-7.1 Regional partnerships. Initiate and sustain multi-jurisdictional partnerships to leverage regional assets.
ED-7.2 Development review process. Encourage new development through simplifying the City’s development review processes and exploring opportunities to create incentives for new development.
ED-7.3 Expand and diversify tax base. Expand tax base and analyze opportunities to diversify tax revenues to reduce the reliance on Sales and Use tax.
ED-7.4 Infrastructure financing. Explore and implement creative infrastructure financing and delivery mechanisms such as Public Private Partnerships and Community Benefit programs.
ED-7.5 Opportunity zone. Support the viability of the City’s Opportunity Zones to expand existing businesses and attract new investment.
My Neighborhood Map
Desired Targets and Outcomes
OUTCOME: Foster a job market that sustains a high standard of living for workers with diverse skill sets.
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KEY PERFORMANCE INDICATOR:
- Distribution of jobs by industry sector.*
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TARGET:
- Meet or exceed growth in new quality jobs relative to Los Angeles County.
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*Data source: OnTheMap
OUTCOME: Create educational pathways for Palmdale residents to fully access future economic.
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KEY PERFORMANCE INDICATOR:
- Annual increase in percentage of residents with an Associate degree.*
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TARGET:
- Increased number of residents completing at least an Associate degree comparable to County-wide levels.
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*Data source: Census American Community Survey
OUTCOME: Build a downtown core in the City where residents and businesses can participate and celebrate in the City’s economic prosperity.
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KEY PERFORMANCE INDICATOR:
- Number of completed units (office, retail and industrial) in the downtown core.*
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TARGET:
- Advancement of development targets identified in the Palmdale Transit Area Specific Plan.
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*Data source: City of Palmdale Building Permits
OUTCOME: Ensure that all residents and workers have access to safe and affordable housing.
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KEY PERFORMANCE INDICATOR:
- Percentage of affordable housing units that are multi-family.*
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TARGET:
- Increased share of affordable multi-family units comparable to County-wide levels.
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*Data source: Census American Community Survey
OUTCOME: Provide access to economic opportunities and resources for residents and workers through transportation options.
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KEY PERFORMANCE INDICATOR:
- Passenger ridership (local transit and flights).*
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TARGET:
- Increased number of residents using non-auto transportation modes comparable to County-wide levels.
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*Data source: Various transit agencies (i.e., AVTA, Metrolink, LAWA)
OUTCOME: Promote a City environment that attracts and leverages new development to diversify the tax base.
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KEY PERFORMANCE INDICATOR:
- Distribution of tax revenue.*
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TARGET:
- Increase (inflation adjusted) in per equivalent dwelling unit (EDU) revenues every five years; increase in per EDU share of non-sales tax revenues every year.
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*Data source: City of Palmdale Comprehensive Financial Reports (CAFRs)
OUTCOME: Foster a job market that sustains a high standard of living for workers with diverse skill sets.
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KEY PERFORMANCE INDICATOR:
- Distribution of jobs by industry sector.*
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TARGET:
- Meet or exceed growth in new quality jobs relative to Los Angeles County.
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*Data source: OnTheMap
OUTCOME: Create educational pathways for Palmdale residents to fully access future economic.
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KEY PERFORMANCE INDICATOR:
- Annual increase in percentage of residents with an Associate degree.*
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TARGET:
- Increased number of residents completing at least an Associate degree comparable to County-wide levels.
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*Data source: Census American Community Survey
OUTCOME: Build a downtown core in the City where residents and businesses can participate and celebrate in the City’s economic prosperity.
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KEY PERFORMANCE INDICATOR:
- Number of completed units (office, retail and industrial) in the downtown core.*
Space
TARGET:
- Advancement of development targets identified in the Palmdale Transit Area Specific Plan.
Space
*Data source: City of Palmdale Building Permits
OUTCOME: Ensure that all residents and workers have access to safe and affordable housing.
Space
KEY PERFORMANCE INDICATOR:
- Percentage of affordable housing units that are multi-family.*
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TARGET:
- Increased share of affordable multi-family units comparable to County-wide levels.
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*Data source: Census American Community Survey
OUTCOME: Provide access to economic opportunities and resources for residents and workers through transportation options.
Space
KEY PERFORMANCE INDICATOR:
- Passenger ridership (local transit and flights).*
Space
TARGET:
- Increased number of residents using non-auto transportation modes comparable to County-wide levels.
Space
*Data source: Various transit agencies (i.e., AVTA, Metrolink, LAWA)
OUTCOME: Promote a City environment that attracts and leverages new development to diversify the tax base.
Space
KEY PERFORMANCE INDICATOR:
- Distribution of tax revenue.*
Space
TARGET:
- Increase (inflation adjusted) in per equivalent dwelling unit (EDU) revenues every five years; increase in per EDU share of non-sales tax revenues every year.
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*Data source: City of Palmdale Comprehensive Financial Reports (CAFRs)