Loading...
6.1. EDSR 07-16-2018.Request for Action To Item Number Economic Development Authority 6.1 Agenda Section Meeting Date Prepared by General Business July 16, 2018 Colleen Eddy, Economic Development Specialist Item Description Reviewed by Marketing Update Amanda Othoudt, EDD Reviewed by Cal Portner, City Administrator Action Requested Item presented for information. Background/Discussion This year the performance measures set by the EDA focuses on personally connecting with developers, marketing the city and gaining positive exposure for the city. Staff has accomplished these goals, to date in the following venues: Advertising: In the first half of the year staff has achieved advertising in three different trade industry publications. The Growler Magazine gave us the opportunity to promote the city’s Brew Pub/Tap Room Microloan. We also placed ads in Site Selector magazine, Trade and Industry magazine, an advertorial in Expansion Solutions magazines, and in the 2018 MN Twins Yearbook. EDA website: The EDA/HRA website has been updated to Economic Gateway 2.0, which offers an updated look of the landing page and the addition “Powered by our Businesses” video feature. Avalon Salon will soon be joining Sportech in this video module. MetalCraft and CHOW Mixed Grill will be featured in the next couple months. The video compilations introduce community leaders and promote businesses who make Elk River their home. Trade shows: Staff has attended two BisNow events, in partnership with Sherburne County, Greater MSP, and Minnesota Marketing Partnership through the Minnesota Department of Employment and Economic Development (DEED). The event in Virginia was attended by 350 data center professionals from around the county and included a market visit with Buddy Rizer, the Economic Development Director for Loudoun County (which has over 7 million sq. ft. of data centers). He has been instrumental in the success of the data center market in Loudoun County and the state of Virginia and look for his insight as we continue to attract data center developments in Elk River. Staff reconnected with Chirisa, a data center investment company which the city hosted a site tour with back in January (Elk River is still on their short list of locations). The other BisNow event held in Dallas included market visits with JLL, Site Selection Group and US Consults (who is interested in the gravel mine area). Marketing: Staff is working with Kaylin Clement, the new Communications Director, on marketing pieces for the upcoming FAM tour, BR&E videos and social media posts. Sponsorships: In June, the EDA sponsored the annual EDAM summer conference in Nisswa. Amanda promoted the city in a four minute presentation and introduced the conference’s keynote speaker. This event also offered educational opportunities and networking with other economic development professionals from around the state. Staff is partnering with Elk River Municipal Utilities on an Energy Summit hosted by the MN Real Estate Journal. The sponsorship package includes an opportunity to exhibit and Tom Sagstetter will participate in a panel presentation. Financial Impact Funding for trade shows, marketing and advertising are included in the 2018 budget. Attachments N/A