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Economic Development Authority (EDA) <br />Meeting Date: 12/19/2013 <br />By: Ted LaFrance, Administrative Services <br />Title: <br />2014 EDA Work Plan <br />4. 2. <br />Purpose/Background: <br />The objective of this case and conversation is to provide a functional work plan that prioritizes the goals of the EDA <br />for 2014, alongside the vision of the Council. This work plan will guide Staff and EDA through 2014. <br />Notification: <br />Observations/Alternatives: <br />Current priorities, identified and compiled as the 2013 Work Plan, of the EDA/City Council are attached to this <br />case. <br />In addition to adjusting prioritization of existing priorities, it is Staff's recommendation to add the below priorities <br />to the discussion. <br />Proposed additional priorities for 2014 (seeking input on importance); <br />• Support and facilitation of 3 main projects: OMC, 167/47, New Business Park <br />o EPA funding for planning/demolition, DEED funding for demolition, DEED infrastructure funding, <br />Met Council infrastructure funding, various programs to move the "big 3". <br />• Marketing <br />o Economic development services presence on website, build out website, consider alternative website <br />options to fit EDO needs, PR at events, materials showcasing strengths, etc. (In conjunction with <br />Council marketing priority) <br />o Market properties not a part of Preferred Broker agreement <br />• Assessment of Community: SWOT, competitive realities, reverse site selection, tools inventory, property <br />inventory <br />• Resource Guide: all technical and financial resources compiled in one interactive guide; distribute to <br />businesses during BR&E, to lenders, to developers, leads, etc. <br />• Collaborate with Preferred Broker: work in conjunction to market identified properties, gather/research to <br />remove all unknowns of parcels, collaborate on marketing efforts via web (integration into our site). <br />Funding Source: <br />Recommendation: <br />Provide constructive feedback in re -prioritizing past priorities as well as incorporate the proposed priorities and <br />priorities that may arise through conversation, as the EDA sees fit. <br />Action: <br />Attachments <br />2013 Work Plan <br />