Skip to main content

AgendaQuick™

View Agenda Item

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:
  • 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
Alternatives:
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

Attachments

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