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ITEM # 7. <br /> • ►1 <br /> City of <br /> Elk -�-1 <br /> River <br /> MEMORANDUM <br /> TO: Economic Development Authority <br /> Mayor & City Council <br /> ousing & Redevelopment Authority <br /> FROM: Catherine Mehelich, Director of Economic Development <br /> DATE: December 8, 2003 <br /> SUBJECT: Discuss Update of Economic Development Strategic Plan <br /> Attachments <br /> • 2000-2003 Economic Development Strategic Plan,Revised November 1999 <br /> • Economic Development Strategic Plan,Adopted May 1997 <br /> Issue <br /> The first Economic Development Strategic Plan was adopted in May 1997. At its two-year <br /> anniversary in May 1999,the EDA determined that the original Strategic Plan should be <br /> updated. It is now 4 years since the most recent revision to the 2000-2003 Plan.The EDA <br /> has included in its 2004 budget an amount up to$3,500 for the update of the Strategic Plan. <br /> The Strategic Plan provides a framework for the Commissions to work within and focuses <br /> staff energies on those priority areas important to the economic health of the City. <br /> Background <br /> 1997 Plan <br /> The 1997 original Strategic Plan utilized a taskforce comprised of volunteers representing the <br /> following groups: <br /> • Mayor/City Council <br /> • EDA <br /> • I-RA <br /> • Chamber of Commerce <br /> • Utilities Commission <br /> • Downtown Representatives <br /> • • Local Business/Industry Representatives <br />