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Page 8 <br />City of <br />RAMSEY <br />Project No. RCP-02: Encouraging Small Business Growth <br />and Expansion (Business Incubator Plan) <br />Project Lead: <br />Patrick Brama, Assistant City Administrator/Economic <br />Development Manager <br />7550 Sunwood Dr NW <br />Ramsey, MN 55303 <br />763-433-9868 <br />pbrama@citvoframsev.com <br />Project Description <br />The City continues to have a successful business retention and expansion program. Our economic <br />development success has been focused on small-business growth and expansion. The City looks to <br />capitalize on this success and create new and exciting opportunities for small businesses to get their initial <br />start through business -friendly policies, financial incentives, and physical space. <br />Policy Analysis <br />• How can we build on our success to foster small business growth from within our community <br />including, but not limited to business incubators and home occupations? <br />• What community -led initiatives have been successful in other examples that would be able to be <br />implemented in our community? <br />• What are existing models for business incubators, both public and private, exist for us to consider? <br />Implementation Plan and Action Steps <br />The deliverables will be used to create goals, strategies, and implementation steps in our Comprehensive <br />Plan to facilitate a Business Incubator Policy. Action steps include the creation of a more detailed Business <br />Incubator Plan and Pro -Forma for consideration by City Council. <br />Sustainability and Resiliency Impacts <br />Sustainability and Resiliency goals include, but are not limited to the topics below. <br />• Safe and thriving business districts <br />• Connectivity and business development <br />• Promoting equitable economic development <br />Existing Plans and Data <br />The following documents will be utilized as guiding documents for the Project and can be found online at <br />www.citvoframsev.com/rco. <br />It is our mission to work together to responsibly grow our community, and to provide quality, cost-effective and efficient government services. <br />