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<br />City of Elk River <br />Economic Development <br />Strategic Plan 2004-2007 <br /> <br />May 2004 Group Work Session Notes <br /> <br />PRIORITY ISSUE #1: <br /> <br />INDUSTRIAL DEVELOPMENT <br /> <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 /> <br />Why an issue? <br />Nothing is happening <br />Not staying competitive <br /> <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 /> <br />VISION ALTERNATIVES <br /> <br />Parks are filling in with "desirable businesses" <br /> <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 /> <br />BARRIERS <br />. Cost ofland <br />. Offers from other cities <br />. Reluctant owners (to sell land) <br />. Ability to provide utilities on a timely basis <br />