2.3. ATTACHMENT 1 06-18-2018 2.3. attachment 1
Division Performance Measures & Goals for 2018
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. 13 Applications Processed 13 Applications Processed 13 Applications Projected
Related Vision Statement
Division Goal Goal/Objective Comments
Gain Positive Exposure for the city Attending networking events,trade shows, Strategic Recruiting:Attend targeted industry(Data Centers,Manufacturing
conferences,and site selector events 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.
Grow and maintain an inventory of Establish a wetland bank to facilitate new share responsibility with EDA and Environmental Departments
private and public properties available development where wetlands impede growth
for future development
Maintain financial incentives to enhance Maximize and Leverage DEED monies, Support DEED Programing with local state representatives
economic development Initiative Foundation,Sherburne County
Revolving Loan Fund and other financial
tools and incentives.
Celebrate and grow our existing Conduct Business,Retention and Expansion Conduct BR&E Visits and gauge the interest of starting a manufacturing
businesses visits to local businesses cohort group on a quarterly basis.
Market the city of Elk River as a Contact&Network with Key Stakeholders in Strategic Recruiting:Attend targeted industry(Data Centers,Manufacturing
destination the Targeted Industries including Real Energy,Medical Device Technology)trade shows,leverage opportunities
Estate Brokers/Agents. 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.