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City of <br /> Elk �-- Request for Action <br /> River <br /> To Item Number <br /> Economic Development Authori 7.5 <br /> Agenda Section Meeting Date Prepared by <br /> General Business October 19, 2020 Colleen Eddy, Economic Development Specialist <br /> Item Description Reviewed by <br /> Strategic Plan Update Cal Portner, City Administrator <br /> Reviewed by <br /> Action Requested <br /> Receive an update on the Strategic Plan. <br /> Background/Discussion <br /> The EDA Strategic Plan is progressing along the proposed timeline. The community engagement event is set <br /> for Thursday, October 29, 2020, from 5:30—7:00 p.m. at the multipurpose facility. Project Manager Tom <br /> Leighton will provide an overview of Elk River's economy and its unique characteristics relative to similar <br /> communities. There will be a brief presentation followed by three breakout sessions that will focus on topics <br /> such as: 169 Redefine,business attraction and retention,redevelopment,quality of life, tourism and COVID <br /> economics. <br /> The EDA Work session is scheduled for November 9, 2020, 5:30—7:30 pm and will focus on the results of the <br /> community engagement event and the other findings from the peer city interviews, the stakeholder focus <br /> groups. Stantec will provide summaries of the research to date and a description of the candidate economic <br /> development strategies prior to the work session. <br /> Financial Impact <br /> N/A <br /> Mission/Policy/Goal <br /> The Strategic Plan will build upon the EDA's existing plans including the city's vision,Mississippi Connections <br /> Plan, FAST Study, Comprehensive Plan, Parks and Recreation Plan, Capital Improvement Plan, along with any <br /> other relevant studies that have set forth goals and objectives for economic growth and sustainability. <br /> Attachments <br /> ■ N/A <br /> The Elk River Vision <br /> A n elcoming community n ith revolutionary and spirited resourcefulness, exceptional P U W E H E o s r <br /> service, and community engagement that encourages and inspires prosperity /` UR <br />