5.0 EDSR 03-12-2007 - Laserfiche WebLink

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^ Acquiring land at reasonable prices for industrial park development ^ Preserving land identified in the comp plan for industrial use ^ Do moderate amount of marketing to attract businesses to Big Lake ^ Only offer serviced industrial land with design standards ^ Need additional support for entrepreneurs Elk River EDA Elk River identified the following challenges and gaps in programs and services. ^ Regional marketing ^ Commercial development (resource limitations) ^ Limited funds to acquire and hold properties Elk River HRA Elk River identified the following challenges and gaps in programs and services. ^ Limited funds to acquire and hold properties for redevelopment Princeton EDA Princeton identified the following challenges and gaps in programs and services. ^ Determining how to best invest in infrastructure to stimulate commercial and industrial development ^ Extending utilities to new industrial park ^ Limited marketing materials/capacity ^ Only offer serviced industrial land St. Cloud HRA The St. Cloud HRA identified the following challenges and gaps in programs and services. ^ Challenges on public housing and Section 8 housing due to reduction in federal funds. ^ Can only levy .0144% in property taxes (about 3% of the HRA budget) ^ Attempt to maximize fee income by charging administrative fees, developers' fees, etc. St. Cloud Area Economic Development Partnership The St. Cloud Area Economic Development Partnership is seeking to expand its membership to secure sufficient funding to support area wide marketing - a gap identified by its members. Members also feel that marketing is appropriately handled at the regional level - to reach and work with prospects in the most cost effective manner. Other Gaps in Service The task force identified additional gaps in service as follows: • Staff, resources and authority available to townships for economic development; • A centralized source for county economic and demographic data. 14