Laserfiche WebLink
ID A ,, 7' ' - <br /> • City of Elk River <br /> Economic Development <br /> Strategic Plan 2004-2007 <br /> PRIORITY ISSUE #1: INDUSTRIAL DEVELOPMENT <br /> What is the issue? <br /> - Type of development preferred <br /> - Manufacturing(value added,highway) <br /> - How to increase the tax base <br /> - How to increase the employment base <br /> Why an issue? <br /> - Nothing is happening <br /> - Not staying competitive <br /> Consequences of doing nothing: <br /> - May lose existing businesses <br /> - Continue to have empty business parks <br /> • - The debate goes on.....and on.... <br /> VISION ALTERNATIVES <br /> Parks are filling in with "desirable businesses" <br /> What makes them desirable? <br /> - Job type <br /> - Benefit program <br /> - Career opportunities <br /> - Retirement plans <br /> - Household supporting wages <br /> - Diverse services/products <br /> - Quality construction <br /> - Utility costs are reasonable <br /> - Land costs are"affordable" <br /> BARRIERS <br /> • Cost of land <br /> • Offers from other cities <br /> • Reluctant owners (to sell land) <br /> • • Ability to provide utilities on a timely basis <br /> F:\SHRDOC\EDA\STRATPLN\2004 Update\elkedaresultsUPDATE.doc <br />