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Division Performance Measures & Goals for 2020 <br />Division:Economic Development <br />Completed by:Amanda Othoudt <br />Date:May 23, 2019 <br />Performance Measure2018 Actual2019 Estimated2020 Projected <br />Conduct BR&E Visits242424 <br />Facilitate 4 Site Visits234 <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 <br />citydevelopment meetings with city/county/state. Partner with MN <br />Marketing Partnership, Sherburne County and ERMU. <br />Promote available properties on MNCAR. Attend Annual Site <br />Selector Guild Conference. <br />Grow and maintain an inventory of private and public properties Continue to fund the wetland bank to facilitate new <br />available for future developmentdevelopment where wetlands impede growth. <br />Maximize and leverage DEED monies, Initiative Foundation, <br />Sherburne County Revolving Loan Fund and other financial <br />Maintain financial incentives to enhance economic development <br />tools and incentives <br />Conduct Business Retention and Expansion visits to local <br />Celebrate and grow our existing businesses <br />businesses <br />Develop and expand a microloan program to encourage 50 new <br />Work with ERMU and Environmental Departments <br />green collar jobs by 2024 <br />Increase the number of companies actively manufacturing <br />products or components of products directly or indirectly used in <br />Work with ERMU and Environmental Departments <br />renewable energy or energy efficiency by 2024 <br />Work with Engineering and Communication staff to <br />proactively work with the business community impacted by <br />169 Redefine Project <br />the 169 Redefine Project and assist them with relocation <br />within the city if necessary. <br />