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4.4.
Economic Development Authority (EDA)
Meeting Date: 02/08/2024
   
Primary Strategic Plan Initiative: {ud_pd8}

Title:

Receive 2023 Business Retention and Expansion Presentation

Purpose/Background:

The purpose of this case is to receive the attached report/information on the 2023 Business Retention & Expansion Program with a focus on Business Visits/Surveys.  The 2023 goal was to make 30 or more business visits. In 2023, 30 formal business visits/surveys were conducted.  Most visits were done in person but some visits were still conducted via phone to accommodate the schedules for businesses. 

Time Frame/Observations/Alternatives:

Staff will present the attached report for detailed observations and 2024 recommendations.  Staff is recommending the following for 2024:
  • Conduct 30 or more Business Visits
  • Visit Newer Businesses to Ramsey
  • Both Phone and in-Person Visits (in person preferred)
  • Blend of Commercial / Industrial and Retail
  • Visit Hwy 10 Based Businesses
  • Hwy 10 Construction Project Communication
  • Promote Temporary Sign Regulations
  • Continued Success at EDA Sponsored Events
  • Review Business Contact Information on Business List

Funding Source:

This case is being handled as part of normal Staff duties.

Recommendation:

Motion to accept 2023 Business Retention Report and adopt the plan for 2024 (as presented)

Outcome/Action:

1) Motion to accept 2023 Business Retention Report and adopt the plan for 2024 (as presented)

2) Motion to accept 2023 Business Retention Report and adopt the plan for 2024 (with changes)

3) Something else

Attachments

Form Review

Inbox Reviewed By Date
Brian Hagen Brian Hagen 02/01/2024 03:24 PM
Form Started By:
Sean Sullivan
Started On:
01/29/2024 02:26 PM
Final Approval Date:
02/01/2024