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4. 4. <br /> Economic Development Authority(EDA) <br /> Meeting Date: 02/08/2024 <br /> Primary Strategic Plan Initiative: Promote economic growth and development. <br /> Title: <br /> Receive 2023 Business Retention and Expansion Presentation <br /> Purpose/Background: <br /> The purpose of this case is to receive the attached report/information on the 2023 Business Retention&Expansion Program <br /> with a focus on Business Visits/Surveys. The 2023 goal was to make 30 or more business visits. In 2023, 30 formal business <br /> visits/surveys were conducted. Most visits were done in person but some visits were still conducted via phone to <br /> accommodate the schedules for businesses. <br /> Time Frame/Observations/Alternatives: <br /> Staff will present the attached report for detailed observations and 2024 recommendations. Staff is recommending the <br /> following for 2024: <br /> •Conduct 30 or more Business Visits <br /> •Visit Newer Businesses to Ramsey <br /> •Both Phone and in-Person Visits (in person preferred) <br /> •Blend of Commercial/Industrial and Retail <br /> •Visit Hwy 10 Based Businesses <br /> •Hwy 10 Construction Project Communication <br /> •Promote Temporary Sign Regulations <br /> •Continued Success at EDA Sponsored Events <br /> •Review Business Contact Information on Business List <br /> Funding Source: <br /> This case is being handled as part of normal Staff duties. <br /> Recommendation: <br /> Motion to accept 2023 Business Retention Report and adopt the plan for 2024(as presented) <br /> Outcome/Action: <br /> 1) Motion to accept 2023 Business Retention Report and adopt the plan for 2024 (as presented) <br /> 2) Motion to accept 2023 Business Retention Report and adopt the plan for 2024 (with changes) <br /> 3) Something else <br /> Attachments <br /> ACTION-BR and E Report <br /> Form Review <br /> Inbox Reviewed By Date <br /> Brian Hagen Brian Hagen 02/01/2024 03:24 PM <br />