2.0. EDSR 08-16-2021 - Laserfiche WebLink

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Performance Measures &Goals for 2022 Division. Economic Development Completed by. Colleen Eddy DRAFT for 8/16/21 workshop Date: May 27,2021 Performance Measure 2019 Actual 2020 Actual 2021 Estimated 2021 YTD 2022 Projected BR&E Visits(GrowMN platform) 26 18 24 2 24 Facilitate Site Visits to Elk River 4 3 4 0 4 o Business Contacts/Engagements in Elk River 150 L cn New prospect contacts(broker C relationships,trade show contacts) 50 U C Inquiries-Prospects-Leads 24 c6 o Commercial-Industrial permit value $35,000,000 U) U) D 0 Ads placed-net impressions 350,000 o Net Job Growth 100 LL EDA Website Traffic 5000 Division Goal Goal Objective/Task Support Elk River's existing businesses through Continue to conduct BRE visits,and to receive feedback on city factors impacting relationship building,programmatic offerings,and high busineses. Provide technical assistance as necessary and through feedback ensure economic development programs of the city are in line with business needs and utilization. quality city services Support businesses through stated needs such as workforce development and recruitment. Continue to market and promote the community. Make contact with prospective businesses and siting professionals andspecifically highlighting the community's strengths. Attract new business development to Elk River to build Market existing properties(EDA and private)and capture opportunities for land the City's economic vibrancy,mob offerings and tax base development and assembly. Direct targeted focus on specific sectors,including those identified in the EDA strategic plan:precision manufacturing,renewable energy,regional distribution,biomedial manufacturers,and health care services.Promote available properties on MNCAR and other marketing vehicles. Proactively support the community and businesses impacted by the 169 Redefine Promect. Set up a mechanism for communication among businesses in conmunction with Public Support impacted businesses and capilize on Works,City Communications team,and MN/DOT. Provide resources to address opportunities associated with the 169 Redefine Promect challenges created during the promect and facilitate business relocation within the city if necessary. Foster and promote new opportunities created from implementation of the promect. Support Elk River businesses through the COVID Recognize that the Covid pandemic has had significant impacts on the community,some which may be lasting. Utilize internal resources and leverage external resources to support Pandemic and take steps to foster a robust recovery and stabilize the business environment as recovery from the pandemic continues in 2022. Partner with peer organizations Continue to work with Sherburne County,Elk River Area Chamber of Commerce, GreaterMSP,DEED,MN Marketing Partnership,ERMU,and Elk River Schools. Grow and maintain an inventory of private and public Continue to fund the wetland bank to facilitate new development where wetlands impede properties available for future development growth. Maintain financial incentives to enhance economic Maximize and leverage city programs,MnDEED monies,Initiative Foundation,Sherburne development County Revolving Loan Fund and other financial tools and incentives Position the Together Elk River campaign/brand to Build off the momentum Together Elk River delivered throughout the Covic pandemic to support ongoing communinty priorities and challenges. support prevailing economic matters in the community such as workforce recruitment and the 169 Redefine project. Increase the number of companies actively manufacturing products or components of products Work with ERMU and Environmental Departments directly or indirectly used in renewable energy or energy efficiency by 2024