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c. State, federal or other programs programs that will be developed or implemented including <br />but not limited to: entrepreneurial development, business incubation and strategies for any <br />special new industries; <br />d. The potential impact of events, venues and other tourist attractions on Elk River from <br />surrounding areas and the impact of city events. <br />e. The role of retail within the community and provide for a business diversification analysis. <br />Determine the best practices to diversify the tax base to offset property tax and <br />unpredictable sales tax collection due to a changing dynamic of the retail industry, and <br />f. Existing local, regional and statewide economic development organizations to determine <br />how best to leverage their resources. <br />D) Assessment of city's economic development structure and comparison to other economic <br />development organizations. Assessment to include: roles and responsibilities, - - Formatted: Strikethrough <br />organizational structure and funding; economic development tools utilized; role of expenditures on <br />planned infrastructure on capital projects; and appropriate niche role in financially supporting <br />economic development ventures, such as infrastructure development, tax incentives, property <br />acquisition, and speculative construction to encourage target businesses/industries. <br />E) Assess Incentive program — Recommend an incentive policy and program to include: <br />a. Incentives currently used in targeting preferred industries and businesses. <br />b. The incentive policies of regional competitors. <br />c. Feasibility of incentives for "green" initiatives, advanced technology initiatives. <br />d. Feasibility of incentives for speculative development particular types of spaces such as <br />office, industrial, start-up/co-working, entrepreneurial centers, etc. <br />e. Approaches to promote mixed-use nodes for appropriate development. <br />f. Approaches and incentives for development specific to downtown, infill, or other <br />specifically identified target areas. <br />F) Development of Existing Businesses pev_e_le�errA-Provide-recommendations related to existing - - Formatted: Strikethrough <br />business development to include: <br />a. Development of programs and services to assist and retain existing business. <br />b. Analysis of existing business retention and expansion needs including any infill, <br />redevelopment, "grayfield" and/or "brownfield" sites. <br />c. Identify programs and services to assist existing businesses with growth and training. <br />G) Tourism and Marketing Analysis — Analyze existing tourism -related events and attractions and <br />provide recommendations related thereto. The consultant will analyze and provide and estimated <br />economic impact for events that could be held within the City of Elk River, including the <br />following types: concert series, food festival, sporting events, and community festivals, and provide <br />recommendations for the EDA to fund key projects to aid timelier economic growth in the <br />community. <br />H) Land Use Analysis — Analyze existing land use plans and make recommendations to ensure that the <br />available land is used for the highest and best use as it relates to the EDA's long-term economic <br />diversification and stability. <br />I) Workforce Analysis/Development: Provide a community workforce analysis including: <br />a. Analysis of the workforce employed in Elk River businesses who may or may not be <br />community residents. <br />