3.0. EDSR 03-08-1999 - Laserfiche WebLink

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• • Business Retention and Growth Priority#2 -Retain and Grow the City's Existing Business and Industry Action Step Complete In Process Ongoing Future Coordinate the efforts of"Joint x Development Agreements" and/or the city purchase of land in order to provide expansion opportunities for EXISTING businesses Maintain consistent contact with x existing businesses through the use of letters and surveys Initiate a"Business Incubator" program x to support the location of high tech and job intensive business growth within Elk River Use available financing tools to leverage x private investment in order to retain existing businesses and encourage growth Improve the perception and visibility of x the Economic Development department's business retention efforts through the use of the city newsletter • Work with the Department of Trade and x Economic Development, Small Business Administration, Central Minnesota Initiative Fund, and other resources to increase awareness of existing programs which provide support for business expansion and growth Expand the Micro Loan program to x assure that existing businesses qualify as a high priority consideration Examine and research the x implementation of new programs which focus on business retention Work with the Sherburne County x economic development office to address the issue of labor force availability Upon completion, distribute the results x of the central business district Market Study so that it can be used to enhance the growth of existing businesses Use the Energy City program as a x marketing tool to support the growth of energy related industry Develop a cooperative marketing plan x ] with Energy City and incorporate with ] the current marketing efforts to target • energy related business growth 15 1