AGENDA
ECONOMIC DEVELOPMENT AND TECHNOLOGY COMMITTEE
REGULAR MEETING NOTICE
FEBRUARY 20, 2024
PUBLIC MEETING 5:00 P.M.
MEMBERS
Tyron Hampton, Chair District 1
Jessica Rivas, District 5
Steve Madison, District 6
Jason Lyon, District 7
STAFF
David Klug, Economic Development Director
Dion O’Connell, Assistant City Attorney
Jerice Kenebrew, Recording Secretary
MISSION STATEMENT
The City of Pasadena is dedicated to delivering exemplary municipal services, responsive to our entire community and consistent
with our history, culture and unique character.
In compliance with the Americans with Disabilities Act of 1990, Assistive Listening Devices are available from the City Clerk’s Office with a 24-hour advance notice.
Please call (626) 744-4124 to request use of a listening device.
Language translation services are available for this meeting by calling (626) 744-4124 at least 24 hours in advance.
Habrá servicio de interpretación disponible para éstas juntas llamando al (626) 744-4124 por lo menos con 24 horas de anticipación.
Items on the agenda may not be called in order listed.
Agendas and supporting documents are available on the Internet at https://www.cityofpasadena.net/commissions/city-council-economic-development-technology/
Materials related to an item on this Agenda submitted to the Economic Development and Technology Committee after distribution of the agenda packet will be posted online and listed as: “Supplemental Agenda Material Received after the Posting of the agenda”
PUBLIC COMMENT AT THE ECONOMIC DEVELOPMENT AND TECHNOLOGY
COMMITTEE MEETING FOR
FEBRUARY 20, 2024 AT 5:00 P.M. WILL BE ACCEPTED IN-PERSON AND BY VIDEOCONFERENCE/TELECONFERENCE.
Link to City Meeting Policy:
cityofpasadena.net/CityCouncilMeetingPolicy
TO VIEW A LIVE STREAM OF THE MEETING:
http://pasadena.granicus.com/MediaPlayer.php?publish_id=9 AND
WWW.PASADENAMEDIA.ORG
In order to facilitate public participation at meetings the City will accept public comment in the following manner:
1. Whether participating in-person or virtually at the meeting, members of the public may provide public comment by submitting a speaker card prior to the start of public comment on that item, at the following webpage:
www.cityofpasadena.net/commissions/public-comment/
If a public comment speaker wishes to speak on more than one agenda item, please indicate which items on the online form (multiple item speakers will be handled according to the process posted on the agenda and as specified in the City meeting policy). Public comments are limited to 3 minutes each, and the Chair and Committee may limit this time if reasonable under the circumstances.
2. In-person Meeting Participation: Complete an online speaker card at the following website: www.cityofpasadena.net/commissions/public-comment/ After submitting a public speaker card, members of the public may attend the meeting in-person by coming to the Pasadena City Council Chamber, Room S249 at City Hall at the date and start-time of the posted meeting.
Virtual Meeting Participation: For virtual participants, you may attend by connecting to the meeting using a computer, other electronic device, or by telephone. Please review the agenda to identify the published start time for the meeting and connect to the meeting just prior to, or at the start of the meeting.
To participate in public comment for an item and to be recognized to speak, it is required that the speaker login to the meeting using the same name or telephone number used on the Speaker Card form. This will allow City staff to locate and promote the speaker into the meeting when it is time for their public comment.
Participants’ phone calls to the Committee meeting will be recorded as part of the Committee meeting. By staying on the line and making public comment during the Committee meeting by phone, you are agreeing to have your phone call recorded. Following is the connectivity information for virtual participation:
Computer or electronic devices, join the meeting at: cityofpasadena.net/cczoom Telephone only dial-in: 1-669-900-6833, Meeting ID: 161 482 446
3. Speaker Card Help Line: If a public comment speaker needs assistance in completing a speaker card, please call the City Clerk’s Office at: (626) 744-4124.
Help line will open 30 minutes prior to the posted start time of the meeting.
4. Members of the public may submit correspondence of any length prior to the start of the meeting, at the following email address:
Written correspondence will be forwarded to the Economic Development and Technology Committee prior to the start of the meeting, posted online, and made part of the legislative record for the item.
LIVESTREAM WITH CAPTIONING IS AVAILABLE AT WWW.PASADENAMEDIA.ORG, AND ALSO AT WWW.CITYOFPASADENA.NET/COMMISSIONS/AGENDAS
IF YOU NEED A REASONABLE MODIFICATION OR ACCOMMODATION PURSUANT
TO THE AMERICANS WITH DISABILITIES ACT
BECAUSE YOU ARE UNABLE TO PARTICIPATE ELECTRONICALLY AS SET FORTH ABOVE, CONTACT THE CITY CLERK’S OFFICE
AS SOON AS POSSIBLE AT (626) 744-4124 OR
[email protected].
CITY OF PASADENA
NOTICE OF THE REGULAR MEETING OF THE
ECONOMIC DEVELOPMENT AND TECHNOLOGY COMMITTEE
FEBRUARY 20, 2024
PUBLIC MEETING 5:00 P.M.
PASADENA CITY HALL, COUNCIL CHAMBER
100 NORTH GARFIELD AVENUE, ROOM S249
NOTICE IS HEREBY GIVEN that the regular meeting of the Economic Development and Technology Committee, will be held on Tuesday, February 20, 2024, at 5:00 p.m., in the Council Chamber to discuss matters on the attached agenda.
_____________________
Tyron Hampton, Chair
Economic Development and
Technology Committee
I HEREBY CERTIFY that this agenda in its entirety, was posted on the Internet at https://www.cityofpasadena.net/commissions/city-council-economic-development-technology/ and on the Council Chamber Bulletin Board, Room S249, and the Bulletin Board in the rotunda area; City Hall, 100 North Garfield Avenue, this 15th day of February 2024 by 5:30 p.m. and that copies hereof were emailed or delivered to each member of the City Council and to each local newspaper of general circulation, radio or television station requesting notice in writing, all of which recipients are identified on the distribution herein below.
Valerie Flores
City Manager’s Office
DISTRIBUTION:
City Council Los Angeles Times
City Manager Pasadena Journal
City Attorney Pasadena Now
Public Information Officer Pasadena Star News
Pasadena Weekly La Opinion
Pasadena Independent
REGULAR MEETING
AGENDA
ECONOMIC DEVELOPMENT AND TECHNOLOGY COMMITTEE
FEBRUARY 20, 2024
Public Meeting: 5:00 P.M.
Council Chamber, Pasadena City Hall
100 North Garfield Avenue, Room S249
PUBLIC MEETING – 5:00 P.M.
ROLL CALL
PUBLIC COMMENT ON MATTERS NOT ON THE AGENDA
Public comment will be limited to a total of 20 minutes at the beginning of the meeting and will continue at the conclusion of the meeting, if necessary.
Please limit comments to 3 minutes each.
APPROVAL OF MINUTES
OLD BUSINESS
NEW BUSINESS
INFORMATION ONLY
1. PASADENA ECONOMIC DEVELOPMENT STRATEGIC PLAN DRAFT
PRESENTATION
2. ECONOMIC DEVELOPMENT UPDATE BY DAVID A. KLUG, ECONOMIC DEVELOPMENT DIRECTOR*
ADJOURN
*Attachment
MEMORANDUM
Date: February 20, 2024
To: Economic Development and Technology Committee
From: David A. Klug, Economic Development Director
Subject: Economic Development Update
The Economic Development Division is committed to supporting a thriving local economy. This memo provides an update on market conditions and the Division’s efforts.
1. Business Development
a. Notable Openings & Successes
i. Stumptown Coffee Roasters, located at 1982 Lincoln Ave., opens on Saturday, February 17.
ii. Pez Coastal Kitchen, located at 61 N. Raymond Ave., held a grand opening event on Friday, February 9. Economic Development staff had an opportunity to meet with the owner, Chef Brett Thompson, who shared with us his passion for cooking and excitement to bring his Mediterranean recipes to Pasadena.
iii. Prince St. Pizza, located at 49 E. Colorado Blvd., held a grand opening event on Thursday, February 15. Guests enjoyed free pizza, ice cream from Salt & Straw, drinks, and music.
b. Business Retention & Outreach
As part of its effort to support existing businesses, staff researched, compiled, and distributed information on financial assistance programs from various state and local grant and incentive providers. Staff included information on these resources in its Economic Development Newsletter, which reaches over 6,700 contacts, and discussed this information with businesses during outreach calls and visits (see below). These resources include:
• BIDs 101: Understanding BIDs & Their Value: Economic Development staff is hosting an online event on Wednesday, February 28th at 9:00 am.
Participants Gain a deeper understanding of what BIDs are, their functions, value, and how to form one.
2 3. Conferences & Special Events
a. On January 31, 2024, staff from the Economic Development department attended an event hosted by Councilmember Hampton’s office in collaboration with Peru’s Export and Tourism Promotion Agency (PROMPERU). The PROMPERU team arranged guided tours for their representatives, visiting BYD Motors, Caltech, and HMRI. Later that evening, PROMPERU hosted an invitation-only event at Doheny Eye Institute, showcasing Peru’s growing tech industry.
3 b. Innovate Pasadena - Friday Coffee Meet Up – On Friday, February 2, staff attended the meet up. This event focused on Legal Considerations for Launching Your Startups. The speaker was Kenji Funahashi, a partner at Wilson Sonsini. Kenji has helped companies like Apple, Google, and Netflix go public.
4. Tech, Startups & Science
a. Biotechnology LIXTE, located at 680 E. Colorado Blvd., is developing a groundbreaking drug, led by CEO Bas van der Baan, to prevent normal cells from turning malignant. Unlike traditional standalone cancer treatments, LIXTE's drug is designed to complement established chemotherapy and immunotherapy. Operating without an in-house research team, the company outsources globally, with Baan based at the Netherlands Cancer Institute. Founded in 2005 by John Kovach from City of Hope, LIXTE's molecular compound, LB-100, entered preclinical trials and attracted attention from the Netherlands Cancer Institute around 2020. The collaboration shifted focus to enhancing existing treatments.
b. The Jet Propulsion Laboratory (JPL) is involved in two NASA-funded projects, totaling $3.7 million, supporting emerging research institutions.
The first project, in collaboration with California State University, Los Angeles, and California State Polytechnic University, Pomona, tackles environmental pollution using planetary science insights. The second, with California State University, Northridge, studies Halobacterium salinarum NRC-1 under simulated stressful conditions for insights into extraterrestrial life. These collaborations are part of NASA's Science Mission Directorate (SMD) Bridge Program, promoting diversity in science and engineering.
The program provides seed funding for research projects, fostering relationships with NASA and offering mentorship for students. The projects involve new collaborations with diverse institutions, connecting to seven NASA centers, potentially impacting over 100 students. NASA aims to increase equitable access to talent from under-resourced institutions, supporting a more diverse STEM workforce. The SMD Bridge Program is accepting applications for additional seed funding until Friday, March 29.