Agenda - Economic Development Authority - 09/14/2023

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Economic Development Authority (EDA) Meeting Date: 09/14/2023 Primary Strategic Plan Initiative: Promote economic growth and development. 4. 2. Title: 2023 Business Appreciation Day Wrap Up and Selection of 2024 Date and Location Purpose/Background: The purpose of this case to provide an event summary of the 2023 Business Appreciation Day to the EDA. The 2023 event was held at the Links at Northfork on August 15, 2023. The event was full with 144 registered golfers and an additional 16 people just attended the prime rib dinner and awards ceremony. The event was within budget ($5,500 EDA contribution) and Chair Wiyninger emceed the dinner/awards portion of the event. B & F Fastener Supply was recognized as the 2023 Business of the Year and a banner and the award was presented to the B & F Fastener Supply owners and employees. B & F Fastener Supply donated box lunches for all of the golfers, which was well received by the participants. Diamond Graphics finished in First Place with a score of 58 (-14) for the golf event. The Random Team Winner was B & F Fastener Supply Team #3. In 2023, the City implemented two new contests for the Best Dressed Team and the Best Hole Sponsor. The Best Dressed team was B & F Fastener and Supply with a Flintstones theme. The Best Hole Sponsor was Aurelios Pizza. Door prizes for the event were pre -drawn and were ready for participants to pick up after completion of the golf event which shortens the length of the awards program. Feedback from returned surveys from the event has been extremely positive. Staff is not suggesting any substantial changes to the 2024 event. Time Frame/Observations/Alternatives: Staff believes that this event is a great networking and event for businesses and City staff and supports a 2024 event. Staff is always looking at ways to improve the event to ensure that it is worthwhile for the City and its business community Attached to this case is a survey summary that includes some comments and suggestions for future events. Most of the comments are positive, which supports continuing the format used from 2023. Items for the EDA to consider for future events include: 1) Encourage hole sponsors to have more activities at their holes (scored a 'needs improvement' on Survey) 2) Continue Best Hole Sponsor and Best Dressed Team contests 3) Continue Pre -draw of prizes (Staff recommendation) 4) Continue to host event at the Links at Northfork (Staff Recommendation) 5) Select Tuesday, August 20, 2024 for 2024 Business Appreciation Day Event (Staff Recommendation) Staff would also like to gather feedback from EDA members on things to continue and other suggestions for improvement. Funding Source: Event registration revenue and $5,500 from EDA funds 6249 (Operations) and 6246 (Marketing) Recommendation: Motion to select event date of Tuesday, August 20, 2023 and the Links of Northfork as the venue for the 2024 Business Appreciation Day Event. Outcome/Action: Motion to select event date of Tuesday, August 20, 2023 and the Links of Northfork as the venue for the 2024 Business Appreciation Day Event.