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City of <br />R11YMSE 1 <br />7550 Sunwood Drive NW • Ramsey, MN 55303 <br />City Hall: 763.427.1410 • Fax: 763.427.5543 <br />www.cityoframsey.com <br />Ramsey2040: Economic Development Goals and Strategies <br />The Plan for Economic Development <br />Future economic development should be a coordinated effort between the City Council, the Ramsey Economic Development Authority and the <br />business community. Decisions should be guided and based upon a set of goals and policies that are community driven. <br />Economic Development Goals <br />The following are Economic Development goals and strategies developed as part of the Comprehensive Plan Update process: <br />A diverse economic environment where a variety of businesses can grow and thrive <br />STRATEGIES: <br />1. Foster communication between the City and the business community. <br />2. Explore programs and activities to attract larger employers and employers that provide high -paying jobs. <br />3. Continue to monitor options for a community -wide technology plan to meet business technology needs (fiber-optic and/or wi-fi). <br />4. Promote redevelopment of underutilized parcels within industrial areas and along major transportation corridors. <br />5. Explore opportunities for additional city -sponsored business events. <br />6. Enhance communication between City and business community. <br />7. Continue business retention and subsidy programs. <br />8. Continue partnerships with neighboring cities and local chambers of commerce <br />New development in The COR <br />STRATEGIES: <br />1. Encourage and assist with new development in The COR. <br />2. Explore programs and activities to improve the image of The COR. <br />3. Promote Northstar Commuter Rail as economic development tools. <br />A positive community image <br />STRATEGIES: <br />1. Explore the opportunity to develop a local chamber of commerce or marketing team to market the unique qualities of Ramsey. <br />2. Consider options for increasing or improving signage at City gateways and other strategic locations. <br />3. Continue to pursue Revolving Acquisition Loan Fund (RALF) for the Highway 10 corridor. <br />4. Identify, acquire and redevelop underutilized and blighted properties, especially within industrial areas and along major transportation corridors. <br />5. Strengthen commercial and industrial development standards in City Code. <br />6. Maintain high standards for citywide property maintenance, induding City -owned properties. <br />It is our mission to work together to responsibly grow our community, and to provide quality, cost-effective and efficient government services. <br />