7. EDSR 01-10-2011 - Laserfiche WebLink

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ITEM ~ 7. MEMORANDUM TO: Economic Development Authority FROM: Catherine Mehelich, Director of Economic Development DATE: January 10, 2011 SUBJECT: Discuss EDA Goals and Projects for 2011 Attachment • Staff report dated January 3, 2011 re: HRA Goals and Projects for 2011 • 2009-2012 Economic Development Strategic Plan & Action Steps • City Vision & Goals, Adopted October 2010. Background As you are aware the Economic Development Division provides staff support for both the HRA and EDA. A copy of the HRA's recently reviewed goals and projects for 2011 is attached. Overview of 201.0 EDA Goals & Projects • Complete and adopt land use plan for 171` Focus Area Study and implement strategy for marketing and development of Gateway Business Park e.g. joint marketing agreement with a lead broker/developer • Initiate discussions to identify locations, phasing and financing strategy fox expanding city's inventory of industrial and retail/commercial land for future development • Continue Business Retention and Expansion program with emphasis on manufacturers. • Update Retail Trade Analysis and share results with Chamber and business community • Undertake strategies to encourage filling vacant retail/commercial/industrial space with compatible businesses • Initiate discussions to consider marketing plan changes that better reflect the desired image for the city's business developments • Continue marketing efforts to recruit restaurants and retail development. • Maintain marketing participation with the Energy City program to educate existing business community and recruitment tool for energy-related businesses. • Maintain and build networks with banks, brokers/developers, chamber, existing businesses, media, Sherburne County, and others.