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4.1.
Economic Development Authority (EDA)
Meeting Date:
07/12/2012
Submitted For:
Patrick Brama
By:
Patrick Brama, Administrative Services

Title:

Business Retention Program Introduction

Background:

Staff would like to both introduce the concept and begin discussing  the development of a business retention program for the City of Ramsey.  To help kick off this effort, Karen Skepper from Anoka County will be presenting a business retention progam used by the County called Economic Gardening.

Observations:

At the conclusion of the presentation by Ms. Skepper, staff would like to breifly introduce the many tools/strategies used in business retention programs:

  • Surveys
  • Meetings with local businesses
  • Community events (fostering pride/networking within local economy)
  • Publications (promoting businesses/fostering pride in local economy)
  • Removing local obstacles (i.e. legal/physical/social)
  • Reduce the cost of doing business
  • Improve/enhance markets for business
  • Enhance infrastructure used by businesses
NOTE:  The purpose of this list is to introduce some of the common strategies targeted to assit the retention and expansion of local businesses.

Funding Source:

Will be determined in subsequent discussions.

Staff Recommendation:

Provide staff with preliminary feedback to foster the initial development of a business retention and expansion program.

EDA Action:

Provide staff with preliminary feedback to foster the initial development of a business retention and expansion program.

Attachments

Form Review

Inbox Reviewed By Date
Kurt Ulrich Kurt Ulrich 07/05/2012 11:09 AM
Form Started By:
Patrick Brama
Started On:
07/04/2012 10:14 AM
Final Approval Date:
07/05/2012