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<br />Request for Action <br /> <br /> <br />To Item Number <br /> <br />Economic Development Authority 6.3 <br />Agenda Section Meeting Date Prepared by <br /> <br />General BusinessJune 15, 2015Amanda Othoudt, EDD <br />Item Description Reviewed by <br />EDA Strategic Plan Workshop Cal Portner, City Administrator <br />Reviewed by <br /> <br /> <br />Action Requested <br /> <br />Information presented for discussion only. Action is to be taken at the August 17, 2015, EDA meeting. <br /> <br />Background/Discussion <br /> <br />As part of the budget process, a strategic planning workshop is advisable to allow for informal <br />discussions regarding the goals and objectives, major projects, and other items influencing the EDA <br />budget. <br /> <br />Staff has included the 2013-2016 Strategic Plan approved by the HRA on January 7, 2013, and <br />subsequently the EDA on January 14. Staff recommends updating the strategic plan to reflect the goals <br />and objectives of the EDA for the 2017-2020 fiscal years. <br /> <br />With additional comments, staff proposes to continue the following priority objectives and strategies for <br />2017-2020: <br /> <br /> <br />Business Development - Attract new businesses and support existing businesses to increase the <br />city’s industrial tax base, commercial base, and employment base. <br /> <br /> <br />Redevelopment & Rehabilitation - Undertake strategies to facilitate rehabilitation and <br />redevelopment of aging commercial, industrial, and residential areas to ensure private <br />reinvestment and sustainability. <br /> <br /> <br />Community Brand - Utilize community brand strategies to effect necessary change to strengthen <br />and enhance community image. <br /> <br /> <br />Transportation - Advocate and support proactive planning for improvements to the local and <br />area transportation system in a way that will support existing businesses and complement new <br />economic growth. <br /> <br />Upon approval by both the HRA and EDA, staff will update the city’s website and distribute plan to <br />various staff, stakeholders and community members. <br /> <br />Financial Impact <br /> <br />None. <br /> <br />Attachments <br /> <br /> <br /> <br />2013-2016 EDA/HRA Strategic Plan <br /> <br />