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<br />The Elk River Vision <br />A welcoming community with revolutionary and spirited resourcefulness, exceptional <br />service, and community engagement that encourages and inspires prosperity <br />Request for Action <br /> <br /> <br />To <br />Economic Development Authority <br />Item Number <br />2.0 <br />Agenda Section <br />Work Session <br />Meeting Date <br />November 9, 2020 <br />Prepared by <br />Colleen Eddy, Economic Development Specialist <br />Item Description <br />Strategic Plan Discussion <br />Reviewed by <br />Cal Portner, City Administrator <br />Reviewed by <br /> <br /> <br />Action Requested <br />Receive information and recommendations from Stantec to create the EDA Strategic Plan. <br /> <br />Background/Discussion <br />At their April 20, 2020, meeting, the EDA approved a contract with Stantec Consulting Services, Inc. to <br />proceed forward with the EDA Strategic Plan. <br /> <br />After several discussions with staff, EDA work sessions, community events, and peer city interviews, the <br />plan is in its final stages. Tonight, Stantec will present its Research Summary and Economic Development <br />Strategy Recommendations, which will be utilized to create the EDA Strategic Plan. <br /> <br />Financial Impact <br />N/A <br /> <br />Mission/Policy/Goal <br />The Strategic Plan will build upon the EDA’s existing plans including the city’s vision, Mississippi Connections <br />Plan, FAST Study, Comprehensive Plan, Parks and Recreation Plan, Capital Improvement Plan, along with any <br />other relevant studies that have set forth goals and objectives for economic growth and sustainability. <br /> <br />Attachments <br /> Research Summary and Economic Development Strategy Recommendations