Skip to main content

AgendaQuick™

View Agenda Item

4.3.
Economic Development Authority (EDA)
Meeting Date:
08/02/2012
Submitted For:
Patrick Brama
By:
Patrick Brama, Administrative Services

Title:

Business Retention & Expansion Program Introduction, Continued

Background:

This case was originally brought forward to the EDA on July 12.  At the July EDA meeting, Karen Skepper from Anoka County briefed the EDA on the concept of a business retention and expansion strategy known as Economic Gardening.  Furthermore, staff introduced a number of common business retention and expansion strategies.  The purpose of this case it to provide answers to questions the EDA had for Mr. Skepper and to begin developing a strategy for the City of Ramsey's business retention and expansion program.
 

Observations:

Regarding the questions raised by EDA members about the County HRA/EDA/Economic Gardening at the July EDA meeting, please review the attached Q&A from Anoka County.

Regarding the development of a business and retention program in the City of Ramsey, below is a list of common strategies used by other communities:

  • 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
  • Enhance infrastructure used by businesses
  • Economic gardening

Funding Source:

Will be determined in subsequent discussions.

Staff Recommendation:

Staff is proposing the EDA consider the following as an action plan for the Ramsey business retention and expansion program.

(A) development of a business retention & expansion survey (annual or bi-annual)
(B) develop a system of regularly visiting Ramsey Businesses
(C) continue hosting community events (expo, business appreciation golf tournament, business networking)
(D) continue to publish a spotlight business article in the Ramsey Resident
(E) further investigate the economic gardening program with Anoka County

NOTE: with EDA direction, Staff will begin working on items A/B/E and continue working on items C/D.

EDA Action:

Provide staff with preliminary feedback regarding the recommendation included in this case.

Attachments

Form Review

Inbox Reviewed By Date
Kurt Ulrich Kurt Ulrich 07/26/2012 10:18 AM
Form Started By:
Patrick Brama
Started On:
07/19/2012
Final Approval Date:
07/26/2012