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IMPLEMENTATION AND FINANCING STRATE(~Y <br /> <br />On March 13, lggo, the Ad Hoc Economic Development Committee met to review and <br />approve the recommended modifications. The Committee also agreed upon a <br />strategy to generate the financial resources needed to carry out an effective <br />economic development program of this scope. The budget and financing strategy <br />are detailed in Section IV of this Report. <br /> <br />As recommended by the Committee, the county-wide economic development program <br />will be Jointly funded by the Cities, the County, the private sector and <br />public utilities and authorities. It was agreed that the Alameda County <br />Economic Development Program should be carried out over a four-year period to <br />allow adequate time to accomplish medium and long range objectives. <br />Accordingly, participating groups will be requested to make a four-year <br />commitment to this effort. After four years, the Board of Supervisors and the <br />Mayors Conference will be asked to determine if the program has been effective <br />in achieving its stated objectives and should be continued. <br /> <br />The Leadership Subcommittee of the Ad Hoc Economic Development Committee <br />reviewed this draft plan on April 30, lggo and recommended that it be <br />submitted, along with nominations for Economic Development Advisory Board <br />members, to the Board of Supervisors. <br /> <br />-2- <br /> <br /> <br />