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Economic Development Authority(EDA) 4.3. Meeting Date: 01/12/2023 By: Sean Sullivan, Community Development Title: Receive 2022 Business Retention and Expansion Presentation Purpose/Background: The purpose of this case is to receive the attached report/information on the 2022 Business Retention& Expansion Program with a focus on Business Visits/Surveys. The 2022 goal was to make 30 or more business visits. In 2022, 30 formal business visits/surveys were conducted. Most visits were done in person but some visits were still conducted via phone to accommodate the schedules for businesses. The attached report/presentation is summary data from all the formal visits in 2022. These visits are a good way to strengthen relationships with businesses and to be better prepared to help them with future expansions. Notification: Notification is not required. Observations/Alternatives: See attached report for detailed observations and 2022 recommendation. Staff is recommending the following for 2023: Balance Between Retail and Commercial/Industrial Businesses Formal Visits .Visit Newer Businesses to Ramsey .Goal of 30 or more Formal Visits in 2023 .Both Phone and In-Person Visits (Efficiency) . Continued efforts to connect businesses with available business assistance programs .Hwy 10 Construction Project Communication .Review Business Contact Information on Business List .Remove the Covid-19 impact questions from the 2023 Business Survey Funding Source: This case is being handled as part of normal Staff duties. Recommendation: Staff recommends that the EDA accept the 2022 Report and to set business retention goals for 2023 as outlined above. Action: Motion to accept 2022 Business Retention Report and adopt the plan for 2023 as outlined above. Attachments 2022 Business Retention Report Form Review Inbox Reviewed By Date Sean Sullivan(Originator) Sean Sullivan 01/05/2023 02:37 PM