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Division: <br />Completed by: <br />Date: <br />Performance Measure 2018 Actual 2019 Estimated 2020 Projected <br />Conduct BR&E Visits 24 24 24 <br />Facilitate 4 Site Visits 2 3 4 <br />Celebrate and grow our existing businesses Conduct Business Retention and Expansion visits to local <br />businesses <br />Division Performance Measures & Goals for 2020 <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 />development 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 />Utilize the MNCAR database in addition to identifying and <br />tracking available properties via word of mouth. Continue to <br />fund the wetland bank to facilitate new development where <br />wetlands impede growth. <br />Maximize and leverage DEED monies, Initiative Foundation, <br />Sherburne County Revolving Loan Fund and other financial <br />tools and incentives. Survey cities for new program ideas and <br />sucessful initiatives to grow business <br />Goal Objective/TaskDivision Goal <br />Market the City of Elk River and gain positive exposure for the <br />city <br />Grow and maintain an inventory of private and public properties <br />available for future development <br />Maintain financial incentives to enhance economic development <br />Economic Development <br />Amanda Othoudt <br />May 23, 2019 <br />2020 EDA Strategic Plan <br />Develop an RFP, and select a neutral, third-party consultant <br />to create a strategic plan that aligns with the city's <br />Comprehensive Plan update, engage public, and integrate <br />community input <br />Work with Engineering and Communication staff to <br />proactively work with the business community impacted by <br />the 169 Redefine Project and assist them with relocation <br />within the city if necessary. <br />169 Redefine Project <br />Develop and expand a microloan program to encourage 50 new <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 />renewable energy or energy efficiency by 2024 <br />Work with ERMU and Environmental Departments <br />Work with ERMU and Environmental Departments