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Housing & Economic Development <br /> global marketplace. Economic development and redevelopment are not mutually <br /> exclusive— some projects require a boost on both counts. The State of Minnesota should <br /> recognize cities as the primary unit of government responsible for the implementation of <br /> economic development, redevelopment policies and land use controls. <br /> 3-J (1) Economic Development <br /> For purposes of this section, economic development is defined as a form of development <br /> that can contain direct business assistance, infrastructure development, technical <br /> assistance and policy support with the goal of sustainable job creation,job retention, <br /> appropriate state regulation or classification, or to nurture new or retain existing industry <br /> in the state. The measure of return on investment of public business subsidies should <br /> include the impact(positive or negative) of"spin-off development" or business <br /> development that is ancillary and supportive of the primary business. <br /> A strength of the regional economy has been its economic diversity. Greater MSP and the <br /> Metropolitan Council have identified multiple industry clusters and sectors that employ a <br /> specialized, trained workforce and support entrepreneurs in developing new businesses. <br /> Partnerships and collaborations among the state and local levels of government, higher <br /> education and industry should continue to develop, to commercialize new technologies <br /> and to support efforts to enhance the economic vitality of the region. <br /> While cities are the primary unit of local government responsible for the implementation <br /> of economic development, counties have an interest in supporting local economic <br /> development efforts. Any creation of a county CDA, EDA or HRA with economic <br /> development powers should follow M.S. 469.1082 that requires a city to adopt a <br /> resolution electing to participate. <br /> Metro Cities supports state funded programs that support new and expanding <br /> businesses, infrastructure development and public-private partnerships. Programs <br /> using statewide funding should strive to award funds balanced between the metro <br /> region and greater Minnesota. Metro Cities supports competitive funding for <br /> statewide grant programs such as the Minnesota Investment Fund as opposed to <br /> direct legislative appropriations for projects from these funds. <br /> Metro Cities supports economic tools that facilitate job growth without relying <br /> solely on the property tax base; green job development and related innovation and <br /> entrepreneurship; programs to support minority business start-ups; small business <br /> financing tools including a state new markets tax credit program mirrored on the <br /> federal program; tools to attract and retain data centers and other IT facilities; and <br /> maintaining existing municipal authority to establish a special service district (SSD). <br /> Metro Cities supports further study of allowing mixed-use buildings that have both <br /> commercial and residential uses to be included in an SSD. <br /> 2017 Legislative Policies 29 <br />