8.0 EDSR 01-12-2009 - Laserfiche WebLink

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ITEM # 8. of ver MEMORANDUM TO: Economic Development Authority FROM: Catherine Mehelich, Director of Economic Development DATE: January 12, 2009 SUBJECT: Discuss EDA Goals and Projects for 2009 Attachment • Staff report dated January 5, 2009 re: HRA Goals and Projects for 2009 • 2004-2007 Economic Development Strategic Plan • 2007-2009 Strategic Industrial Marketing Plan -Strategies and Tactics Background As you are aware the Economic Development Division provides staff support for both the HRA and EDA. A copy of the HRA's recently reviewed goals and projects for 2009 is attached. Overview of 2008 EDA Goals & Projects • Consider update of City's Economic Development Strategic Plan to provide a framework for the EDA and HRA to work within and focuses staff energies on those priority areas important to the economic health of the City (Status: postponed to 2009) • Implement strategy fox the marketing and development of Gateway Business Park • Initiate discussions to identify locations, phasing and financing strategy for expanding city's inventory of industrial and commercial land for future development. • Monitor Elk River Target store relocation for recruitment of new user or redevelopment Ongoing Initiatives • Market for sale and development of remaining lots in Northstar Business Park to users who will maximize the buildable area of the lots. • Implement attached strategies identified within the Strategic Industrial Marketing Plan, with an emphasis on broker/developer relations and website features. • Continue marketing efforts to recruit restaurants and retail development. • Maintain updated inventory of commercial/industrial properties for sale or lease. • Provide business retention and expansion services and promote use of the micro-loan program to existing manufacturers, while marketing for new business recruitment.