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Division Performance Measures & Goals for 2019 <br />Division:Economic Development <br />Completed by:Amanda Othoudt, EDD <br />Date:June 25, 2018 <br />Performance Measure <br />2017 Actual2018 Estimated2019 Projected <br />Conduct BR&E Visits242424 <br />Facilitate 4 Site Visits234 <br />Track percentage of applications <br />0.00%3.80%0.10% <br />processed in the Revolving Loan Fund <br />Division Goal <br />Goal Objective/Task <br />Strategic Recruiting: Attend targeted industry (data centers, <br />manufacturing, energy, medical device technology) trade <br />shows, leverage opportunities with local companies. Identify <br />key decision makers, provide FAM tours, coordinate <br />Market the City of Elk River and gain positive exposure for the city <br />development meetings with city/county/state. Partner with <br />Positively MN, Sherburne County and ERMU. Promote <br />available properties on MNCAR and MN Prospector. Attend <br />Annual Site Selector Guild Conference. <br />Continue to fund the wetland bank in order to facilitate new <br />Grow and maintain an inventory of private and public properties available development where wetlands impede growth. Develop a <br />for future developmentstrategy and vision for the CRT as part of the Cooridors of <br />Commerce Project. <br />Maximize and leverage DEED monies, Initiative Foundation, <br />Maintain financial incentives to enhance economic developmentSherburne County Revolving Loan Fund and other financial <br />tools and incentives. <br />Conduct Business Retention and Expansion visits to local <br />Celebrate and grow our existing businesses <br />businesses. <br />Coordinate with other city departments on the creation of a <br />Develop a Business Friendly/Siting"Welcome business packet/process. Re-establish a siting <br />packet for businesses. <br />Develop and expand a microloan program to encourage 50 new green <br />Work with ERMU and Environmental Departments. <br />collar jobs by 2024 <br />Increase by 5 the number of companies that are actively manufacturing <br />products or components of products that are directly or indirectly used in Work with ERMU and Environmental Departments. <br />renewable energy or energy efficiency by 2024 <br />