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ITEM # 10. <br />of <br />MEMORANDUM <br />f <br />TO: Housing Redevelopment Authority <br />FROM: Annie Deckert, Director of Economic Development <br />DATE: February 6, 2012 <br />SUBJECT: Discuss Economic Development Strategic Plan <br />BACKGROU N D <br />In April of 2009, the HRA participated in a work session for the update of the Economic <br />Development Strategic Plan for years 2009-2012. Additional participants included the City <br />Council, EDA 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 for 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 or reviewed for future 2012 - 2013 budgets. <br />Below are the Goals which support the vision: <br />Innovation- Develop new programs and services to meet the needs of the <br />community. <br />p01~EN~`"f~ ~Y <br />ik U <br />