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<br />The Elk River Vision <br />A welcoming community with revolutionary and spirited resourcefulness, exceptional <br />service, and community engagement that encourages and inspires prosperity <br />Request for Action <br /> <br /> <br />To <br />Economic Development Authority <br />Item Number <br />2.1 <br />Agenda Section <br />Work Session <br />Meeting Date <br />October 15, 2018 <br />Prepared by <br />Amanda Othoudt, EDD <br />Item Description <br />EDA Goals and Implementation Strategies <br />Reviewed by <br />Cal Portner, City Administrator <br />Reviewed by <br /> <br /> <br />Action Requested <br />Discuss goals and implementation strategies. <br /> <br />Background/Discussion <br />At their May 25, 2018, and June 18, 2018, work sessions, the EDA reviewed the current strategic plan, <br />conducted a SWOT Analysis and produced three goals, summarized below to be implemented by staff <br />over the next five years. <br /> <br />Identified Goals by Year 1 <br />1. Improve communication, clearly articulate current city process and improve our customer <br />service. <br />Identified Goals by Year 3 <br />1. Identify industrial land options for development by possibly partnering with landowners. <br />Identified Goals by Year 5 <br />1. Create opportunities and capitalize on the synergy of the 169 Redefine project. <br /> <br />Staff is looking for direction from the EDA on implementation strategies to reach these goals. <br /> <br />Financial Impact <br />N/A <br /> <br />Attachments <br /> Strategic Plan 2016-2020 <br /> SWOT Analysis <br /> EDA Goals Summarized (June 18, 2018) <br /> EDA 2019 Budget <br /> EDA Goals 2019 <br />