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4.2.
Economic Development Authority (EDA)
Meeting Date:
12/19/2013
By:
Ted LaFrance, Administrative Services

Title:

2014 EDA Work Plan

Purpose/Background:

The objective of this case and conversation is to provide a functional work plan that prioritizes the goals of the EDA for 2014, alongside the vision of the Council. This work plan will guide Staff and EDA through 2014.
 

 
 

Notification:

Observations/Alternatives:

Current priorities, identified and compiled as the 2013 Work Plan, of the EDA/City Council are attached to this case.

In addition to adjusting prioritization of existing priorities, it is Staff’s recommendation to add the below priorities to the discussion.
 
Proposed additional priorities for 2014 (seeking input on importance);
  • Support and facilitation of 3 main projects: OMC, 167/47, New Business Park
    • EPA funding for planning/demolition, DEED funding for demolition, DEED infrastructure funding, Met Council infrastructure funding, various programs to move the “big 3”.
  • Marketing
    • Economic development services presence on website, build out website, consider alternative website options to fit EDO needs, PR at events, materials showcasing strengths, etc. (In conjunction with Council marketing priority)
    • Market properties not a part of Preferred Broker agreement
  • Assessment of Community: SWOT, competitive realities, reverse site selection, tools inventory, property inventory
  • Resource Guide: all technical and financial resources compiled in one interactive guide; distribute to businesses during BR&E, to lenders, to developers, leads, etc.
  • Collaborate with Preferred Broker: work in conjunction to market identified properties, gather/research to remove all unknowns of parcels, collaborate on marketing efforts via web (integration into our site).

Funding Source:

Recommendation:

Provide constructive feedback in re-prioritizing past priorities as well as incorporate the proposed priorities and priorities that may arise through conversation, as the EDA sees fit.
 

Action:

Attachments

Form Review

Inbox Reviewed By Date
Kurt Ulrich Kurt Ulrich 12/16/2013 03:42 PM
Form Started By:
tlafrance
Started On:
12/13/2013 01:21 PM
Final Approval Date:
12/16/2013