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~ i m <br />Minneapolis Saint Paul Regional Economic Development Partnership <br />(GREATERMSP) <br />Operating Principles and Protocols <br />Background: The MSP Regional Economic Development Partnership <br />The GREATERMSP is aPrivate-Public Partnership (501C3), funded by business, institutions, <br />and government, whose mission is to stimulate economic growth and prosperity, and a <br />resultant higher quality of life for all citizens of the Minneapolis - St. Paul Metropolitan <br />Region (MSA). Its primary role is to be a value-added resource to all economic development <br />organizations and activities in the region. The efforts of the GREATERMSP, and the resulting <br />investment and prosperity, will lessen the burden of government and contribute to a <br />brighter future for all residents of the region. <br />The overall responsibility of a successful regional economic development partnership is to <br />better coordinate the activities of the region's economic development partners by providing <br />vision, strategy, resources, and staff support to link state and local governments and <br />organizations involved with job creation, marketing, recruitment and retention. There are <br />four specific activities that the GREATERMSP will lead or partner with existing organizations <br />in order to accomplish: <br />Set a Strategic Vision <br />• Create the regional strategic vision for economic development <br />• Define the tactical economic development agenda to guide resource prioritization <br />Brand and Market the Region <br />• Create regional brand to reflect strategic vision <br />• Market the region's vision and brand internally to align regional stakeholders <br />• Market the region to external site consultants, companies, and potential clients <br />Retain Current Businesses in the Region <br />• Conduct local business check-ups and solve company specific problems <br />• Connect businesses to, and raise awareness of, state and local resources <br />Attract Businesses to, and Expand Businesses in, the Region <br />• Aggressively pursue national and global business growth opportunities <br />• Serve as main contact for site consultants and relocating businesses <br />• Provide one-stop shop for regional data, permit processes, real estate information, etc. <br />• Serve as project manager for local expansions and new attraction efforts <br />• Connect companies with local resources and incentive programs <br />C~~~~~'"~~ • ~°MI Regional Economic Development Partnership 1 ~ ~ ~ ~ c <br />