Economic Development

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About Economic Development Economic Development is a program or groups of policies designed to improve the economic well-being and quality of life for a community by creating and retaining jobs that facilitate growth and provide a stable tax base.

Lathrop Economic Profile

• Located aside Interstate 5, one of the major freeways in California and the major north-south freeway along the entire West Coast
  
• Within the metro triangle, which is bounded by the Bay Area, Stockton and Sacramento
  
• Centrally located within a 30-minute commute of Tracy, Manteca, Stockton, Lodi, Lathrop, Livermore and Pleasanton
  
• Seven mile radius population of 105,893 with an average household income of $63,072
  
• Strategically centered between the Stockton, Lathrop and Tracy submarkets - all within a 20 mile radius and a current population of nearly 750,000 with an expectation that this number will approach 1 million within ten years
  
• New housing prices for an average 2,000 square foot home are in the $450,000 to $500,000 range
  
• Strong demand for housing from the Bay Area..moving to affordability
  
• Currently over 40,000 vehicles per day commute over the Altamont Pass into the Bay Area for employment

In 2007 Lathrop was the sixth fastest growing city in California.

State and County Population Comparisons

Daytime Population Totals

Overview of Economic Potential

• Centrally located within a 30-minute commute of Tracy, Manteca, Stockton, Lodi, Lathrop, Livermore and Pleasanton
• One of Northern California's fastest growing and most comprehensive Master Planned Communities
• Prime power center sites available at I-5/Louise Avenue and I- 5/Lathrop Road
• Motivated staff committed to assist and expedite the development process
• A City at the cusp of extensive residential and commercial growth