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ITEM 6. <br />MEMORANDUM <br />TO: <br />FROM: <br />DATE: <br />SUBJECT: <br />Economic Development Authority <br />Annie Deckert, Director of Economic Development <br />December 12, 201 I <br />Discuss Economic Development Strategic Plan <br />BACKGROUND <br />In April of 2009, the EDA participated in a wank session fox the update of the Economic <br />Development Strategic Plan fox years 2009-2012. Additional participants included the City <br />Council, HRA and various staff. <br />The group identified the following 2009-2012 priority issues/objectives: <br />• Industrial Development <br />• Redevelopment & Rehabilitation <br />• Marketing <br />• Transportation <br />Several strategies were assigned to support the objectives. Both the EDA and HRA <br />approved the plan mid-2009. <br />2011 CITY VISION & GOALS <br />A two-day visioning seminar was held by various city staff and Council member Matt <br />Westgaard in September 2010 which resulted in setting a vision and supporting goals fox Elk <br />River. The vision and goals were approved by the City Council in October 2010. <br />City staff worked on the creation of a plan, comprised of action steps and tasks to be <br />completed to assist in meeting the goals. On May 16, 2011, the City Council approved the <br />2011 goals, action steps, and tasks framework. This framework highlights key initiatives to <br />be completed in 2011 ox reviewed fox future 2012 - 2013 budgets. <br />Below axe the Goals which support the vision: <br />• Innovation- Develop new programs and services to meet the needs of the <br />community. <br />N:AllepactrnentsVCommuniry~ Developmen[AL:conorttic llevdopmentASCrn[n~c PlanA2011\upda[e 12-1&11-edn.doc <br />POwFAE~ er <br />M~-A~'URE <br />