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Document Purpose <br />This document outlines the standard practices of the GREATERMSP staff and regional <br />partners, comprised of public, private, and public-private economic development entities in <br />the greater Minneapolis -Saint Paul region who represent or serve either a portion of, or all <br />of, the Metropolitan Statistical Area. These principles attempt to articulate the basic <br />commitments of the GREATERMSP staff and partner organizations. Together, these <br />commitments represent the desired ethics and professional courtesies that will shape the <br />business development practices of the combined partners - as they relate specifically to <br />industrial and commercial (non-retail) economic development retention, recruitment and <br />expansion. In support of these commitments, the following sections of the document <br />establish the Operational Principles to be supported by each respective participant in the <br />GREATERMSP. <br />Attached to this document, as Appendix A, are more specific procedural protocols for the <br />GREATERMSP. These procedural protocols provide further guidance to the GREATERMSP <br />staff and partners regarding Project Vetting (lead generation and prospect conversion), <br />Project Management, and Confidentiality Practices. The appendix is intended to be <br />reviewed, updated regularly and modified as required by the Partner Advisory Council to <br />ensure that the manner in which the organization is executing its responsibilities is most <br />efficient and effective for all partners. <br />Supplemental to this document, it is the intention of the GREATERMSP to execute a <br />Memorandum of Understanding (MOU) with the State of Minnesota Department of <br />Employment and Economic Development (DEED), which will establish any required protocols <br />and procedures between GREATERMSP, including its regional partners, and DEED. Upon <br />execution, the MOU will become Appendix B to-this document. <br />Participation in the GREATERMSP is contingent on acceptance of these guidelines. Each <br />economic development partner organization is asked to review, sign and abide by these <br />principles to the absolute best of his or her organization's ability. Willful or repeated <br />disregard for the principles and/or protocols by any party to the agreement will be <br />addressed to the Partner Advisory Council for their consideration. <br />Definitions• <br />Client: Refers to an employer who is or may be engaged with GREATERMSP and regional <br />partners for retention, expansion or recruitment purposes. Clients may be also referred to <br />as customers or prospects. <br />Confidentiality: Refers to the need to protect client identity during the engagement <br />process. GREATERMSP will defer to client desired confidentiality needs and will share <br />information with regional .partners per client direction. <br />~~~~~ " M>~` Regional Economic Development Partnership 2 I rt t; <br />