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Livermore Economic Development

At a recent sales meeting, the City of Livermore’s director of economic development, Rob White, came to speak to us about Livermore’s current and future economic development.  Rob updated our group about tourism, the Lawrence Livermore Lab and Livermore’s bustling new downtown area.

Mr. White started his discussion by giving us a quick statistic.  Currently, there are 38 million people living in California.  That number is projected to explode to 50 million by the year 2025.  This is relevant because Livermore is focused on developing itself in order to capture its share of this increased population growth.

Tourism is quickly becoming a staple in the Tri-Valley area. The Livermore Wine Country, with its vineyards and wineries, is becoming a destination spot for many people out of the area and out of state.  Livermore is basically at the same place that Napa Valley was 15 years ago.  However, it is accelerating at a faster rate. Livermore has recently been approached by numerous hotel developers who are expecting to capitalize on the future demand.

In addition to tourism, Mr. White touched on the Lawrence Livermore Lab and its recent developments. The Lab recently went through a reorganization.  The company is now privately ran by Bechtel, who signed a 7 year commitment with a 20 year renewal option.  Their new mission is Green Energy which should be in full effect by 2010.  Basically, they are looking to provide answers for cheap fuel and “green” building materials.

The final item discussed was Livermore’s revitalized downtown area. A significant portion of Livermore’s downtown area has already been enhanced. First Street was narrowed from four lanes to two and a number of new features including trellises, a new step curb, new street lighting, additional trees and other landscape features were also installed. In addition to the modified First Street, a downtown cinema, performing arts center and a public parking structure have been constructed. Future projects involve the construction of Livermore Village which includes about 300 smaller homes, retail space, and artists’ space.

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