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City of Elk River <br /> Strategic Industrial Marketing Plan <br /> Elkn River...Where city and country flow together <br /> • <br /> In the short term, Anoka-Ramsey is the most serious competitor of the Highway 10 <br /> corridor, which includes City of Elk River, Big Lake, and Becker. In the competitive 94- <br /> corridor which includes the City of Rogers, Albertville and Monticello, the most critical <br /> competitor is the City of Rogers. Long-term competition will most likely come from <br /> Otsego and possibly Dayton. <br /> It will be necessary to monitor the competition once the City of Elk River launches its <br /> plan. It just may motivate the others to become more competitive in the area. <br /> Perseverance & Patience <br /> Location site decision timeframe ranges from three to twenty-four months. <br /> The build-out timeframe for both West and East Business Parks is estimated to be at least <br /> ten years. It is important that the City, City Council, Economic Development Authority <br /> DID <br /> Competitio <br /> and community understand the <br /> ❑ need to maximize the asset value of these parks <br /> ❑ timing of the build-out, and <br /> ❑ need to be patient to selectively, attract high growth, light manufacturing <br /> businesses. <br /> The City of Elk River is well positioned to be the Northwest metropolitan region's hub <br /> for light industrial businesses and capture its share of the business growth. If, and only if, <br /> the city implements and manages the plan and is proactively patient for the type of <br /> manufacturing growth that will yield the greatest economic multiplier effect on its local <br /> economy. <br /> Success Measurements (TBD) <br /> • #of clients sited <br /> • Client satisfaction <br /> • Private capital invested <br /> Budget (TBD) <br /> Duckor&Associates, Inc. 18 <br /> A BluePrint For Your Success <br /> Today and Tomorrow April 24, 2000 <br />