4.3.
| Economic Development Authority (EDA) |
| Meeting Date: | 01/09/2025 |
| Primary Strategic Plan Initiative: | {ud_pd8} |
Title:
Receive 2024 Business Retention and Expansion Presentation and Adopt 2025 Goals
Purpose/Background:
The purpose of this case is to receive the attached report/information on the 2024 Business Retention & Expansion Program with a focus on Business Visits/Surveys. The 2024 goal was to make 30 or more business visits. In 2024, 30 formal business visits/surveys were conducted. Most visits were done in person but a couple visits were still conducted via phone to accommodate the schedules for businesses.
Notification:
Not required
Time Frame/Observations/Alternatives:
Staff will present the attached report for detailed observations for 2024 and 2025 recommendations. Staff is recommending the following Goals for 2025:
1) Motion to accept 2024 Business Retention Report and adopt the Goals for 2025 (as presented)
2) Motion to accept 2024 Business Retention Report and adopt the Goals for 2025 (with changes)
3) Something else
- 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
- Updated Brochures in Business Visit Packet
1) Motion to accept 2024 Business Retention Report and adopt the Goals for 2025 (as presented)
2) Motion to accept 2024 Business Retention Report and adopt the Goals for 2025 (with changes)
3) Something else
Funding Source:
This case is being handled as part of normal Staff duties.
Recommendation:
Motion to accept 2024 Business Retention Report and adopt the goals for 2025 (as presented)
Outcome/Action:
1) Motion to accept 2024 Business Retention Report and adopt the Goals for 2025 (as presented) (RECOMMENDATION)
2) Motion to accept 2024 Business Retention Report and adopt the Goals for 2025 (with changes)
3) Something else
2) Motion to accept 2024 Business Retention Report and adopt the Goals for 2025 (with changes)
3) Something else
Attachments
- 2024 Biz Retention Report
- 6 page Community Profile
- 2 page Development Guide
- Business Succession Planning Doc
Form Review
| Inbox | Reviewed By | Date |
|---|---|---|
| Brian Hagen | Brian Hagen | 01/02/2025 11:40 AM |
- Form Started By:
- Sean Sullivan
- Started On:
- 12/23/2024 03:07 PM
- Final Approval Date:
- 01/02/2025