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<br />Request for Action <br /> <br /> <br />To Item Number <br />Economic Development Authority 8.1 <br />Agenda Section Meeting Date Prepared by <br />Work Session October 21, 2019 Amanda Othoudt, EDD <br />Item Description Reviewed by <br />EDA Strategic Plan DRAFT RFP Cal Portner, City Administrator <br />Reviewed by <br /> <br /> <br />Action Requested <br />For discussion purposes only <br /> <br />Background/Discussion <br />At their July 15, 2019, special meeting, the EDA directed staff to develop a RFP for an EDA strategic <br />plan. <br /> <br />The strategic plan will build upon the EDA existing plans including the city’s vision, Mississippi Connections <br />Plan, Comprehensive Plan, Parks and Recreation Plan, Capital Improvement Plan, and any other relevant studies <br />that have set forth goals and objectives for economic growth and sustainability. <br /> <br />The scope of the strategic plan includes the following components: <br />1. Facilitation of the visioning process <br />2. Community Assessment <br />3. Cluster, Location Quotient, Target Industry and Operational Analysis <br />4. Assessment of city’s economic development structure <br />5. Incentive Program <br />6. Existing Business Development <br />7. Tourism and Marketing Analysis <br />8. Land Use Analysis <br />9. Workforce Analysis/Development <br />10. Implementation Plan <br />11. Community Involvement <br />12. Meetings <br />13. Final Document <br /> <br />Staff is seeking direction from the EDA on the content of the RFP, and any important considerations. <br /> <br />Financial Impact <br />N/A <br /> <br />Attachments <br /> EDA Strategic Plan RFP (Draft) <br /> <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 />