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EDA SWOT Analysis <br />(May 25, 2018) <br /> <br />Strengths – <br /> Image and Public Safety <br /> Municipal/Utility – Reliability <br /> Community of Elk River is a selling point, Parks and Environment, <br />Accessibility to Natural Resources <br /> Good Infrastructure <br /> Schools and Reputation <br /> Workforce <br /> Sales Tax Study showed that just as many people are going out, as they are <br />coming in. We are not just a bedroom community anymore. <br /> Greater MN versus Metro <br /> <br />Weaknesses <br /> Articulating the process, candid, clear, and complete direction <br /> Inventory of properties <br /> Long Term Vision <br /> Greater MN versus Greater MN <br /> Transportation Corridor – Rush Hours <br /> <br />Opportunities <br /> Market the stigma that we are in the “boonies”, but not far from the metro <br /> 169 Expansion to the north <br /> Marketing the quality of life, tranquility <br /> Good Programs Available <br /> Amount of available gravel mining property to the north <br /> Pull workforce from St. Cloud/Metro – 45 Mile Radius <br /> Market the 530 Acres of Land Available – Gravel Mining <br /> <br />Threats <br /> We seem to be closed in, good old boy town <br /> Development of St. Michael/Albertville on I94 – Competing Neighboring <br />Community <br /> Potentially High Tax Rate compared to others – (would like the comparison <br />sheet) <br /> Identified Process – Break down the communication silos <br /> Stigma – of not business friendly