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ITIIrI - # 7 . <br />MEMORANDUM <br />River <br />TO: Economic Development Authority <br />FROM: Annie Deckert, Economic Development Assistant <br />Rebecca Haug, Environmental Administrator <br />DATE: 9 August 2010 <br />SUBJECT: Energy City as an Economic Development Tool Update <br />Attachments: <br />ERMU Commercial Rebates 2009 & 2010 <br />o (Connexus does not have this information available on a per City basis) <br />• Lifespeaks hledia Energy Ciry marketing objective ideas <br />At the June 14`" EDA meeting, the EDA discussed utilizing Energy City as a marketing tool <br />as well as synergy and partnership opportunities with Energy City. <br />The Energy Ciry Designation is specific and unique to the Ciry of Elk River and as such. is an <br />asset that can and should be used to help develop and strengthen economic development <br />opportunities. In addition to providing a promotional tool used as we market Elk River <br />opportunities to the commercial real estate and new business sectors it is also a tool that can <br />be utilized to support and strengthen the existing businesses that currently operate within the <br />Ciry. Recognizing the challenges of the current economic climate requires that we first <br />proactively focus on strengthening relationships, opportunities and support of and with our <br />existing businesses. Simultaneously we need to ensure that development opportunities in the <br />City continue to be actively promoted with every means at our disposal. The Energy City <br />designation and the Energy City Commission can be an active and meaningful contributor to <br />these efforts when utilized according to a proactive action and delivery plan that allocates <br />resources and support to both our internal existing commercial business base as well as <br />externally to the brokerage and business community at large. <br />Below are strategies and methods in which the EDA can partner with Energy City to utilize <br />this unique asset within the local business community as well as promote Elk River to new <br />business from regional and national sources for potential opportunities within our City. <br />C:\Users\aded:crt\1PpData\Local\Microsoft\Windows\Temporary Internet Files\OLKEA8D\8-9-10 Objectives-Goals RJT <br />recomendated revisions.doc <br />