Hourglass

THIS EDA INVESTMENT WILL CREATE AN ECONOMIC MITIGATION PLAN TO HELP KEY INDUSTRIES (AGRITECH, CLEAN TECH AND RENEWABLE ENERGY, AEROSPACE, DEFENSE AND PRECISION MANUFACTURING, AND TECHNOLOGY) IN SANTA BARBARA AND SAN LUIS OBISPO COUNTIES RECOVER ECONOMICALLY FROM THE CLOSURE OF THE DIABLO CANYON NUCLEAR POWER PLANT. THE CENTRAL COAST ECONOMY CURRENTLY CONSISTS OF A FEW INDUSTRY SECTORS THAT HAVE HISTORICALLY PROVIDED THE HIGHEST PERCENTAGE OF JOB CREATION OVER THE LAST SEVERAL DECADES. THESE SECTORS ARE BUILDING & CONSTRUCTION, TECHNOLOGY, MANUFACTURING, HEALTH CARE, ENERGY, AGRICULTURE, AND TOURISM. DIABLO CANYON NUCLEAR POWER PLANT IS THE LARGEST PRIVATE EMPLOYER IN SAN LUIS OBISPO COUNTY, AND HAS HELD THIS POSITION FOR 30 YEARS. BEGINNING IN 2024, DCPP'S CLOSURE WILL BE THE SINGLE LARGEST ECONOMIC IMPACT IN THE COUNTY'S HISTORY. THIS PROJECT WILL CREATE A MITIGATION PLAN, ASSET MAP, INDUSTRY WORK GROUPS, AND A CEDS TO HELP THE REGION NAVIGATE THE ECONOMIC IMPACTS OF THE POWER PLANT CLOSURE AND CREATE A MORE RESILIENT ECONOMY FOR THE FUTURE.