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DRAFT <br /> • 2000-2003 Economic Development Strategic Plan <br /> ACTION PLAN <br /> ISSUES <br /> 1. Grow Industrial Base <br /> Goal: Develop West Business Park <br /> 2. Business Retention and Growth <br /> Goal: Retain and grow existing industrial firms <br /> 3. Marketing Strategy <br /> Goal: Develop a marketing strategy. <br /> 4. Develop/Redevelop East Highway 10 and the CBD Area <br /> Goal : Undertake activities that facilitate development/redevelopment on <br /> east Highway 10 and in the CBD. <br /> ACTION STEPS <br /> 1. GROW INDUSTRIAL BASE <br /> Goal: Develop West Business Park <br /> • Maintain current joint development agreement with Tony Emmerich. <br /> • Consider a joint development agreement with Gagne and Wilson <br /> • Develop well focused target marketing tactics: <br /> > Market to brokers and others with connections to industry, such <br /> as MN Technology. <br /> > Target an industry cluster, such as the energy industry (Energy <br /> City). <br /> > Work with local industries to market Elk River to their <br /> suppliers and customers. <br /> • EDA to research construction of a spec building and locate a tenant. <br /> > <br /> Establish bank partnerships <br /> > Establish developer partnership <br /> > Identify funding sources (ie franchise fee revenue) <br /> • • Consider completing construction of Business Center Drive. <br /> • Explore marketing methods employed by developers and builders. <br /> s:\eda\stratpin\1999p1an\tactics.doc 10/7/99 <br />