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Economic Deve�oprnent Department <br /> Process DiscusMon <br /> 1. EDD <br /> a. Key contact for the department. Act as a gatekeeper and decision-maker,if required, <br /> and ensure siting/expansion decisions are driven by customer requirements. <br /> b. Team Atmosphere— EDA members direct questions/concerns to EDD for follow <br /> UP. <br /> c. Maintain collaboration and alignment among internal/external departments. <br /> d. Be progressive &proactive <br /> e. Reinforce Success <br /> f. Emphasize our strengths <br /> 2. Lead Generation <br /> a. Generate leads from a customer-driven marketing and sales plan. <br /> b. New prospect,lead or existing customer. <br /> 3. Site Selection/Site Visit <br /> a. EDD to guide this process with clients. <br /> 4. Project Review/Proposal Development <br /> a. Negotiate and develop a comprehensive proposal including project and approval <br /> components for client review and acceptance. <br /> 5. Finance Concept Approval <br /> a. Delivering a packaged deal to EDA and Finance Committee subject to final <br /> approval. <br /> 6. Final Project Approval <br /> a. Assist the client in obtaining the needed regulatory approvals for the project. <br /> b. Collaborate with internal departments to obtain necessary approvals. <br /> Po nts to consider <br /> 1. Rely more on State/Federal programs for projects. <br /> 2. Utilize TIF/TAF for GAP Financing. <br /> a. Reduces overall tax burden for residents. <br /> 3. Utilize Internal Microloans/Revolving Loan Fund money for GAP Financing. <br /> 4. Create a sound business environment <br /> a. Take care of our existing business base <br /> b. Maintain a strong downtown <br /> c. Conduct BR&E Visits with members of the EDA <br /> i. Collaborate with the Elk River Chamber & Grow Minnesota to conduct <br /> Visits <br /> d. Listen to Client's needs and address concerns <br /> 5. Ensure confidentiality with clients <br /> 6. Develop a Long-term Client Relationship <br /> a. Builds Trust <br /> b. Provides opportunities for referrals. <br />