7.3. EDSR 01-22-2019 - Laserfiche WebLink

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Request for Action To Item Number Economic Development Authority 7.3 Agenda Section Meeting Date Prepared by General Business January 22, 2019 Amanda Othoudt, EDD Item Description Reviewed by Consideration of Staff Assignments Cal Portner, City Administrator Reviewed by Action Requested Provide direction and confirm priorities relating to Economic Development Activities for 2019. Background/Discussion The EDA Bylaws, as part of the annual meeting, suggest assigning staff projects for the year. The City of Elk River utilizes the adopted City Council Vision and Goals, the adopted Economic Development Strategic Plan, as well as the Mississippi Connections Plan and budget performance measures to structure the annual work plan. The EDA reviewed these goals and performance measures during the July 16, 2018, budget workshop and approved them on August 20, 2018. Based on these documents, staff’s priorities will be:  Market the City of Elk River and gain positive exposure for the city.  Grow and maintain an inventory of private and public properties available for future development  Maintain financial incentives to enhance economic development.  Celebrate and grow our existing businesses.  Develop a business friendly siting packet.  Develop and expand a microloan program to encourage 50 new green collar jobs by 2024.  Increase by 5 the number of companies that are actively manufacturing products or components of products that are directly or indirectly used in renewable energy or energy efficiency by 2024. Financial Impact N/A Attachments  2019 Adopted Budget Goals and Performance Measures The Elk River Vision A welcoming community with revolutionary and spirited resourcefulness, exceptional service, and community engagement that encourages and inspires prosperity