5. EDSR 09-11-2006 - Laserfiche WebLink

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2. Attract industrial development projects that have quality employment base and significant market value What is our primary objective for industrial development? In our discussions with the Elk River EDA Marketing Coxnxnittee, there was general agreement that the primary objective is job creation -jobs relocated from other communities and new jobs created by new ox expanding manufacturers. But the City doesn't just want jobs; it wants good quality, high-paying jobs -the kind of jobs typically created by light industrial manufacturing. The EDA Marketing Committee members also agreed that increasing the building value added to the tax base is almost as important as job creation. Thus, one of our primary objectives must be the creation of quality jobs and significant additional market value. 3. Facilitate the identification, acquisition, preparation and marketing of additional land for industrial development To paraphrase the comments of several interviewees, focus group participants and EDA Marketing Committee members, "There's no point in doing marketing if you don't have any land." The point is well taken. As of late August, there were only three City-owned lots readily available fox development in Elk River (in the Noxthstar Business Paxk), and three privately owned parcels available (Sandpiper Business Paxk and two lots in Elk River Business Paxk). Clearly, with the support and approval of the EDA and City Council, Economic Development Division Staff must take the lead in facilitating the identification, acquisition, preparation and marketing of additional land for industrial development, both short term and long term.