6.0 EDSR 12-14-2009 - Laserfiche WebLink

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• Maintain inventory of commercial and industrial properties for sale/lease. • Provide business retention and expansion services, and promote use of the micro-loan program to existing manufacturers, while marketing for new business recruitment. 2009 Project Highlights • Completed update of the 2009-2012 Economic Development Strategic Plan which identifies priority areas for EDA, HRA, City Council and staff resources • Participated in joint meetings with Planning Commission and City Council to develop land use plan for 171` Ave Focus Area Study • Completed Retail Trade Analysis and distributed with the Elk River Chamber and used for restaurant/commercial marketing efforts Participated in several broker/developer marketing initiatives and sponsorship of industry/developer events e.g. MNCAR Expo, Enterprise Minnesota, Manufacturer's Week and Sherburne County Developer Roundtable Initiated Business Retention & Expansion program with emphasis on manufacturers -met with 10 businesses. Issues for Discussion In addition to the Ongoing Initiatives listed above, staff requests the EDA's feedback and direction on the priority goals and projects for 2010. 2010 Proposed EDA Goals & Projects • Complete and adopt land use plan for 171" Focus Area Study and implement strategy for marketing and development of Gateway Business Park e.g. joint marketing agreement with a lead broker/developer • Initiate discussions to identify locations, phasing and financing strategy for expanding city's inventory of industrial and commercial land for future development • Continue Business Retention and Expansion program with emphasis on manufacturers. • Update Retail Trade Analysis and share results with Chamber and business community • Undertake strategies to encourage filling vacant commercial/industrial space with compatible businesses • Initiate discussions to consider marketing plan changes that better reflect the desired image for the city's business developments