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Economic Development Authority (EDA) <br />Meeting Date: 10/10/2024 <br />Primary Strategic Plan Initiative: Promote economic growth and development. <br />4. 4. <br />Title: <br />2024 Business Appreciation Day Wrap Up and Selection of 2025 Date and Location <br />Purpose/Background: <br />The purpose of this case to provide an event summary of the 2024 Business Appreciation Day to the EDA. The event was <br />held at the Links at Northfork on August 20, 2024. The event was full with 144 registered golfers and an additional 16 people <br />just attended the prime rib dinner and awards ceremony. The event was within budget ($5,500 EDA contribution) and Chair <br />Wiyninger emceed the dinner/awards portion of the event. Dynamic Group was recognized as the 2024 Business of the Year <br />and a banner and the award was presented to the Dynamic Group owners and employees. <br />Diamond Graphics finished in First Place with a score of 55 (-17) for the golf event. The Random Team Winner was <br />Panther Precision Machine with a score of 74 (+2). In 2023, the City implemented two new contests for the Best Dressed <br />Team and the Best Hole Sponsor. The Best Dressed Team was B & F Fastener and Supply with a Ninja Turtles theme. The <br />Best Hole Sponsor was Aurelio's Pizza. Activities at the hole sponsor holes and the amount of teams that participated in the <br />costumes was down from last year. Door prizes for the event were pre -drawn and were ready for participants to pick up after <br />completion of the golf event which shortens the length of the awards program. Feedback from returned surveys from the <br />event has been extremely positive. The overall event was very positive but Staff will be looking for some tweaks to make it <br />better for next year. Some ideas are included in the Observations section in this case. <br />Notification: <br />None required <br />Time Frame/Observations/Alternatives: <br />Staff believes that this event is a great networking and event for businesses and City staff and supports holding the in 2025. <br />Staff is always looking at ways to improve the event to ensure that it is worthwhile for the City and its business community <br />Attached to this case is a survey summary that includes some comments and suggestions for future events. Most of the <br />comments are positive, which supports continuing the format used from 2024. Items for the EDA to consider for future <br />events include: <br />1) Encourage hole sponsors to have more activities at their holes (scored a 'needs improvement' on Survey) <br />- Reduced Hole Sponsorship Cost of $100 if Hole Sponsor is at Hole and/or has a game/activity ($60 reduction <br />from $160?) <br />- Better prize for Best Hole Sponsor <br />- Award a First and Second Place <br />2) Continue Best Hole Sponsor and Best Dressed Team contests <br />- Better prize for Best Hole Sponsor / Best Dressed Teams <br />- Award a First and Second Place for Best Dressed Teams / Best Hole Sponsors <br />3) Deliver lunch / food to Players / Holes <br />- Course does not offer this service <br />- Can call ahead to clubhouse and order food for when you swing by clubhouse <br />- Include order ahead option and phone number on rules and regulations on cart / make an announcement <br />4) Provision of Snacks to players <br />- Beverage Cart has candy and chips on it. No hot food - Maybe make an announcement <br />5) Continue Pre -draw of prizes (Staff recommendation) <br />6) Continue to host event at the Links at Northfork (Staff Recommendation) <br />7) Award Prizes to Top 3 teams (Currently do 1st and Random) <br />