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ITEM #6 <br />of <br />fiver <br />MEMORANDUM <br />TO: Economic Development Authority <br />FROM: Catherine Mehelich, Director of Economic Development <br />DATE: December 14, 2009 <br />SUBJECT: Discuss EDA Goals and Projects for 2010 <br />Attachment <br />• Staff report dated December 7, 2009 re: HRA Goals and Projects for 2010 <br />• 2009-2012 Economic Development Strategic Plan & Action Steps <br />• 2007-2009 Strategic Industrial Marketing Plan -Strategies and Tactics <br />Background <br />As you are aware the Economic Development Division provides staff support for both the HRA <br />and EDA. A copy of the HRA's recently reviewed goals and projects for 2010 is attached. <br />Overview of 2009 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 />• Complete and adopt land use plan for 171` Focus Area Study and implement strategy for <br />marketing and development of Gateway Business Park <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 />• Monitor Elk River Target store vacancy for recruitment of new user or redevelopment <br />• Implement aggressive Business Retention and Expansion program with emphasis on <br />manufacturers. <br />Ongoing Initiatives <br />• Market for sale and development of remaining lots in Northstar Business Park to users who <br />will maximize the buildable area of the lots. <br />• Implement attached strategies identified within the Strategic Industrial Marketing Plan, with <br />an emphasis on broker/developer relations and website features. <br />• Continue marketing efforts to recruit restaurants and retail development. <br />