7. EDSR 01-10-2011 - Laserfiche WebLink

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Discuss EDA Goals and Projects for 2011 January 10, 2011 EDA Meeting Page 2 of 3 Ongoing Initiatives • Market for sale and development of remaining lots in Northstar Business Park to users who will maximize the buildable area of the lots. • Implement strategies identified within the Strategic Industrial Marketing Plan, with an emphasis on broker/developer relations and website features. • Continue marketing efforts to recruit restaurants and retail development. • Maintain inventory of commercial and industrial properties for sale/lease. • Provide business retention and expansion services, and promote use of the micro-loan program to existing manufacturers, while marketing for new business recruitment. • Continue implementation of strategies to use Energy City as an economic development tool. • Maintain and build networks with banks, brokers/developers, chamber, existing businesses, media, Sherburne County, and others. • Utilize variety of communication tools to market Elk River amenities and financing resource for businesses -website, print, social media 2010 Project Highlights • Adopted land use plan for 171't Focus Area Study and began implementation strategy for development of city-owned Gateway Business Park • Completed Business Retention and Expansion visits with several Elk River manufacturers. • Updated Retail Trade Analysis based on 2007 retail sales data. • Authorized initiating process to develop acity-wide branding and marketing plan. • Assisted the development of two new restaurants -Pompeii Pizzeria, Mucho Loco through Micro Loan and amendment to city's SAC/WAC units. • Maintained communications with brokers and provided referrals to fill vacant spaces. • Partnered with Energy City to provide business education programs and market financing assistance for energy efficiency improvements. • Participated in various networks and events to build relationships with banks, brokers/developers, chamber, existing businesses, media, Sherburne County, and others. • Utilized variety of communication tools to market Elk River -website, print, social media • Submitted grant application to MN Dept of Commerce to leverage funds for a Commercial & Industrial Building Energy Efficiency Revolving Loan Program • Received Transit Improvement Area designation by MN Dept Employment & Economic Development for the '/z mile radius of Elk River's Northstar Commuter Rail Station and 171x` Ave Focus Area.