7.2. EDSR 09-20-2021 - Laserfiche WebLink

Home Browse Search

Division: Completed by: Date: Performance Measure 2019 Actual 2020 Actual 2021 Estimated 2021 YTD 2022 Projected BR&E Visits (GrowMN platform)26 18 24 5 24 Facilitate Site Visits to Elk River 4 3 4 1 4 Commercial - Industrial permit value $35,000,000 Net impressions from placed ads 350,000 EDA Website Traffic 5,000 Performance Measures & Goals for 2022 Economic Development Colleen Eddy, Brent O'Neil August 31, 2021 Division Goal Goal Objective/Task Support Elk River's existing businesses through relationship building, programmatic offerings, and high quality city services Continue to conduct BRE visits, and to receive feedback on city factors impacting businesses. Provide technical assistance as necessary and through feedback ensure economic development programs of the city are in line with business needs and utilization. Support businesses through stated needs such as workforce development and recruitment. Attract new business development to Elk River to build the City's economic vibrancy, job offerings and tax base Continue to market and promote the community. Make contact with prospective businesses and siting professionals and specifically highlighting the community's strengths. Market existing properties (EDA and private) and capture opportunities for land 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. Support impacted businesses and capitalize on opportunities associated with the 169 Redefine Project Proactively support the community and businesses impacted by the 169 Redefine Project. Set up a mechanism for communication among businesses in conjunction with Public Works, City Communications team, and MN/DOT. Provide resources to address challenges created during the project and facilitate business relocation within the city if necessary. Foster and promote new opportunities created from implementation of the project. Support Elk River businesses through the COVID pandemic and take steps to foster a robust recovery 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 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 properties available for future development Continue to fund the wetland bank to facilitate new development where wetlands impede growth. Increase the number of companies actively manufacturing products or components of products directly or indirectly used in renewable energy or energy efficiency by 2024 Work with ERMU and Environmental Departments Maintain financial incentives to enhance economic development Maximize and leverage city programs, MnDEED monies, Initiative Foundation, Sherburne County Revolving Loan Fund and other financial tools and incentives Position the Together Elk River campaign/brand to support ongoing community priorities and challenges. Build off the momentum Together Elk River delivered throughout the Covid pandemic to support prevailing economic matters in the community such as workforce recruitment and the 169 Redefine project.