02-04-1989 EDA MIN - Laserfiche WebLink

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. . . Page 4 Economic Development Authority Minutes February 4. 1989 Newspaper. indicated he would sit on the Marketing Committee. The EDA requested that Dick contact Jim Rossman for the Marketing Committee. Jackie Schue1ein for the Research and Development Committee. and Stephanie Klinzing for the Prospecting Committee. Other individuals suggested include representatives of Security Federal for the Finance Committee; representatives of the Finance Department at UPA for the Finance Committee and other representatives from UPA marketing division for the Marketing Committee. Some immediate work for these EDA Committees was discussed. It was noted that the Marketing Committee can immediately begin work on putting together an Economic Development Newsletter and researching a new City fact book. The Research and Development Committee has the ongoing Star City Recertification Project along with work in evaluating various community surveys. The Finance Committee can concentrate on developing a City revolving loan program. 7.2 One Year Work Plan Economic Development Consultant. Mike Mulrooney. handed out a proposed 1989 work plan for the EDA. Mike reviewed the five objectives of the work plan and went into detail regarding how each of these objectives can be accomplished. who would work on accomplishing each of these objectives and when each objective was targeted to be accomplished. COMMI SSIONER HOLMGREN MOVED TO ACCEPT THE PRESENTED. COMMISSIONER KROPUENSKE SECONDED CARRIED 5-0. 1989 THE EDA WORK PLAN AS MOTION. THE MOTION 6. Business Retention Survey Dick Fursman briefly reviewed the results of the Business Retention Survey. This is a project he has been working on for the past few months and involves direct contact with business owners in the Elk River area. The generalized results have been outlined in a 1/17/89 memo from Dick to the EDA. Mr. Fursman indicated that the results of this study indicate a need for more communication between the City and businesses and shows a direct need for an Economic Development Newsletter. 9. Business Innovation Center Update Dick Fursman indicated that he has been appointed to the Board for working on the development of a Business Innovation Center. Dick indicated his frustration in working on this Board because of the political makeup and his concern for the Boards ability to make objective recommendations. This Board would be working with the Greater Minnesota Corporation and Dick expressed his philosophical differences in putting together proposals from a need and factual phases versus simply complying to the political influences. This difference plus the enormous time committment is leading Dick to gracefully resign from the Board. Participation on the Board takes up at least 15% of his work week. The City Administrator indicated that there is a tremendous work load in Elk River for Economic Development and Dick's time and that this was an unacceptable drain on City resources. The EDA concurred with Mr. Fursman and indicated their support if he decided to resign from this Board. 10. 1989-90 It was covered Marketing Plan the consensus of the EDA that this issue had generally been during the review of the one year work plan (Agenda Item 7.2).