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2008 Project Highlights <br />• Initiated land use plan for the development of Gateway Business Park <br />• Provided financial assistance for the following industrial expansion projects: <br />o Metal Craft Machine <br />o E & O Tool <br />o Sportech (including application award of $500,000 MN Investment Fund grant to <br />City/loan to business) <br />• Maintained inventory of industrial, and commercial, properties for sale/lease <br />• Made follow up contact with restaurants and initiated Retail Trade Analysis for use in <br />restaurant/commercial marketing efforts. <br />• Participated in several broker/developer marketing initiatives including Sherburne County <br />Developer Roundtable and sponsorship of developer workshops <br />Issues for Discussion <br />In addition to the Ongoing Initiatives listed above, staff requests the EDA's feedback and direction <br />on the priority goals and projects for 2009. <br />2009 Proposed EDA Goals & Projects <br />• Consider update of City's Economic Development Strategic Plan to provide a framework <br />for the EDA and HRA to work within and focuses staff energies on those priority areas <br />important to the economic health of the City <br />o Timeframe: Spring 2009 <br />• Complete and adopt land use plan fox 171" Focus Area Study and implement strategy for <br />marketing and development of Gateway Business Park <br />o Timeframe: Spring/Summer 2009 <br />• Initiate discussions to identify locations, phasing and financing strategy for expanding city's <br />inventory of industrial and commercial land for future development <br />o Timeframe: Summer/Fall 2009 <br />• Monitor Elk River Target store vacancy for recruitment of new user or redevelopment <br />o Timeframe: Ongoing <br />• Implement aggressive Business Retention and Expansion program with emphasis on <br />manufacturers. <br />o Timeframe: Spring 2009 <br />