6.7. EDSR 01-16-2018
Request for Action
To Item Number
Economic Development Authority 6.7
Agenda Section Meeting Date Prepared by
General Business January 16, 2018 Amanda Othoudt, EDD
Item Description Reviewed by
Consideration of Staff Assignments Cal Portner, City Administrator
Reviewed by
Action Requested
Provide direction and confirm priorities relating to Economic Development Activities for 2018.
Background/Discussion
The EDA Bylaws, as part of the Annual meeting, suggest that the EDA consider assigning staff projects
for the year. The City of Elk River utilizes the adopted City Council Vision and Goals, the adopted
Economic Development Strategic Plan, as well as the Mississippi Connections Plan and budget
performance measures to structure the annual work plan.
The EDA reviewed these goals and performance measures during the July 17, 2017, budget workshop
and approved them on August 21, 2017. Based on these documents, staff’s priorities will be:
Contact and network directly with real estate developers, and target industry decision makers.
Grow and maintain an inventory of private and public properties available for future
development.
Establish a wetland bank to facilitate new development where wetlands impede growth.
Maximize and leverage state, regional and local financial incentives to enhance economic
development.
Continue to participate in the Department of Employment and Economic Development’s
Positively Minnesota Marketing program.
Celebrate and grow our existing businesses by conducting 24 BR&E visits in 2018.
Market the city of Elk River as a destination.
In addition to these published priorities, the EDA approved the strategic plan in the second quarter of
2015.
Financial Impact
N/A
Attachments
2018 Adopted Budget Goals and Performance Measures
The Elk River Vision
A welcoming community with revolutionary and spirited resourcefulness, exceptional
service, and community engagement that encourages and inspires prosperity
Division:Economic Development
Completed by:Amanda Othoudt, EDD
Date:July 13, 2017
Performance Measure 2016 Actual 2017 Estimated 2018 Projected
Conduct BR&E Visits 13 24 24
Personally connect with developers to
tour available properties to entise
development of available properties 4 5 6
Promote new applications for the
Revolving Loan Fund Programs and
track the the percentage of applications
processed to the total numbers of leads
received.3 Applications Processed 3 Applications Processed 3 Applications Projected
Gain Positive Exposure for the city Attending networking events, trade shows,
conferences, and site selector events
Grow and maintain an inventory of
private and public properties available
for future development
Establish a wetland bank to facilitate new
development where wetlands impede growth
Maintain financial incentives to enhance
economic development
Maximize and Leverage DEED monies,
Initiative Foundation, Sherburne County
Revolving Loan Fund and other financial
tools and incentives.
Celebrate and grow our existing
businesses
Conduct Business, Retention and Expansion
visits to local businesses
Market the city of Elk River as a
destination
Contact & Network with Key Stakeholders in
the Targeted Industries including Real
Estate Brokers/Agents.
Strategic Recruiting: Attend targeted industry (Data Centers, Manufacturing,
Energy, Medical Device Technology) trade shows, leverage opportunities
with local companies as often as possible by participating in the trade
shows that they attend. Identify key decision makers, provide FAM tours of
city, coordinate development meetings with City/County/State. Partner with
Positively MN, Sherburne County and ERMU. Promote Available properties
on MNCAR and MN Prospector. Attend Annual Site Selector Guild
Conference.
Conduct BR&E Visits and gauge the interest of starting a manufacturing
cohort group on a quarterly basis.
Division Performance Measures & Goals for 2018
share responsibility with EDA and Environmental Departments
Related Vision Statement
Goal/ObjectiveDivision Goal Comments
Support DEED Programing with local state representatives
Strategic Recruiting: Attend targeted industry (Data Centers, Manufacturing,
Energy, Medical Device Technology) trade shows, leverage opportunities
with local companies as often as possible by participating in the trade
shows that they attend. Identify key decision makers, provide FAM tours of
city, coordinate development meetings with City/County/State. Partner with
Positively MN, Sherburne County and ERMU. Promote Available properties
on MNCAR and MN Prospector. Attend Annual Site Selector Guild
Conference.