Consultant outlines economic development strategy emphasizing business retention and low‑cost actions

Mary Bosch, the consultant engaged on economic development, presented three linked analyses (retail, office, and overall economic strategy) and said the work included interviews with 44 local stakeholders. Her analysis found retail demand exceeds supply for parts of Lake Oswego’s market area but that overall retail capture is modest; retail vacancy is low while office vacancy has risen regionally and landlords face pressure to adapt older spaces. Bosch recommended a strategic framework that begins with business retention and expansion, tactical customer‑attraction campaigns (visitor and local), a cruise‑way property owner engagement effort, and clearer city‑chamber roles. She emphasized many recommended steps are low‑cost, staff and relationship driven—such as faster permitting response, targeted outreach to traded‑sector employers, and a focused marketing message to leverage the city’s strengths.

Councilors broadly supported organizing for success and proposed forming a three‑member subcommittee to work with a forthcoming economic development manager and the consultant team to prioritize near‑term actions and clarify partnerships. No formal adoption occurred; the presentation will inform the upcoming work plan and staffing decisions.