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Council hears staff propose 12% median income goal and microloan, ask for more focus on infrastructure to spur housing
Summary
Staff recommended reframing the economic stretch goal to raise Lodi median income by 12% to match the state, noted a small microloan program currently assisting four businesses, and advised council that housing growth depends on market timing and infrastructure financing tied to annexation.
James proposed reframing the economic development stretch goal: rather than aiming to place Lodi in the state’s top 25%, staff suggested a more attainable target of raising the city’s median income by 12% to match California’s median.
Staff highlighted several implementation steps: the economic development strategic plan near adoption, a revolving…
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