Agenda - Economic Development Authority - 12/11/2014

Home

2014 Rarrrey EDAVVbri< Plan Purpose: Provide a functional work plan that prioritizes the strategies/tactics of the EDA, alongside the vision of the Counci I through the vrorki ng Strategic Plan: A IVewI1 y, A I\wBeginning. This work plan wi I I guide Staff and EDAthrough 2014. The plan highlights the objectives used to create the strategies/tactics as knell as identifies the strategies/tactics to achieve those objectives. • Sustain moderate growth of industrial, coi r r ercial, retail, and housing activities in the Gty • Encourage and work towards the retention and expansion of local firms • Maintain and improve a positive business envi ronrrent • Effectively plan to support growth • Maximize private, local, state, and federal partnerships and funding for projects Strategies/Tactics: FIRST PRIORITY 1. Business Retention and Expansion ■ Develop survey that meets local and regional criteria, visit businesses, analyze data, and set priorities based on that analysis. 2. 167th Ave NW & MM' 47 Business ness Node ■ VUorkwithin "Statement of Goals" to create action behind boosting the viability of the business node. Continue to involve public and landowners in determining next steps as it relates to the Statement of Goals. 3. Business Park Development ■ Continue corrmunicati ng and defi ni ng next steps in developing a business park near and at the Al Pearson and l-lageman Holdi rigs properties. 4. Marketing of Entire Corrrrunity ■ Work with Staff to develop objectives of the marketing effort, deft ne strategies to fulfill those objectives, and thereby deft ne tactics to achieve those strategies. This strategy includes econonic development specific marketing. 5. Old Municipal Center Redeveloprrent ■ Continue supporting the public input process for redevelopment of the Old Municipal Center. Upon completion, fully support redeveloprrent effort. 6. Sale of Property ■ Work with preferred broker to sell Gtyonned properties; effort includes background research on all parcels to remove all unknowns, work collaboratively to market the properties, identify users for properties, etc. SECOND PRIORIT', 1. Transit Improvement Area ■ Monitor status of funding for the program to utilize in the TTA designated area. 2. Transportation/Infrastructure ■ Pron role multiple modes of transit and loran role improvement of existing infrastructure 3. ZpCode ■ Pursue a separate zip code for the City of Ramsey 4. Relationship Management &Networking ■ Continue to corrmunicate with businesses through the Ramsey Resident newsletter, business networking events (Expo, Breakfast, and Golf Tourney), and general correspondence. 5. Resource Database/Guide ■ Gather all technical and financial assistance program inforr r ration and compile in one holistic, interactive guide to be distri buted to businesses, lenders, developers, and leads. 6. Assessment of Community ■ SWiT, competitive realities, incorporate infon r 8lion from BR&E visits, statistics, etc. Mbre thoroughly understand the community and its competitive advantages and disadvantages.