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REHABILITATION AND REDEVELOPMENT <br /> Undertake strategies that facilitate rehabilitation and redevelopment of aging commercial, industrial <br /> and residential areas to ensure private reinvestment and sustainability. <br /> COMMERICAL/INDUSTRIAL STRATEGIES <br /> ➢ Maintain a listing of available commercial/industrial sites <br /> ➢ Promote available sites through various marketing initiatives <br /> ➢ Identify and examine potential areas for revitalization <br /> ➢ Review existing programs, resources, and services and recommend improvements to <br /> increase our competitive advantage and support goals <br /> ➢ Enhance downtown commercial district through business recruitment and people- <br /> generating activities <br /> ACTION STEPS <br /> • Update windshield survey quarterly and post on website <br /> • Feature available property in quarterly'Energized by Development' electronic newsletter <br /> • Promote www.elkriversites.com on billboard 1x/yr. (changed quarterly) <br /> • Partner with downtown business association and civic groups to promote existing and explore <br /> new downtown activities <br /> • Partner with Elk River Area Arts Alliance to explore funding concepts for an arts center within <br /> the downtown study area <br /> • Create and distribute a survey to businesses to identify recommended improvements to existing <br /> programs, resources and services, in addition to identifying preferred methods of <br /> communication to improve Elk River business climate <br /> • Identify current property owners' and businesses' interest in redevelopment efforts both north <br /> and south of HWY 10 and in 171" Focused Area Study area <br /> • Create a redevelopment policy regarding capitalizing the HRA development fund and identify <br /> parameters for purchasing parcels <br /> • Create and distribute comprehensive business directory to promote downtown Elk River <br /> • Partner with the Elk River Area Chamber of Commerce to hold annual event to promote <br /> economic development resources and incentives (Juice Up Your Morning, Chamber luncheon, <br /> Money Breakfast, etc.) <br /> • Create a short video promoting available sites and applicable initiatives to distribute through <br /> social media outlets, constant contact and website <br /> 3 <br /> Approved EDA January 14, 2013, HRA January 7, 2013 <br />