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7.1. EDSR 02-18-2020 Request for Action To Item Number Economic Development Authority 7.1 Agenda Section Meeting Date Prepared by General Business February 18, 2020 Colleen Eddy, Economic Development Specialist Item Description Reviewed by MAEDC Conference Presentation Amanda Othoudt, ED Director Reviewed by Cal Portner, City Administrator Action Requested Item presented for informational purposes. Background/Discussion At their December 16, 2019, meeting, the EDA discussed the opportunity to hear more about the sessions on Climate Change and the Impact on Economic Development and the Keys to Success in Rural Economic Development from the 2019 Mid-America Economic Development Council (MAEDC) Competitive Conference. Financial Impact N/A Attachments  MAEDC Presentation The Elk River Vision A welcoming community with revolutionary and spirited resourcefulness, exceptional service, and community engagement that encourages and inspires prosperity Elk River, MN…1 Awards programs rewarding excellence in EDRecognition of quality ED programs and marketingResources to excelProvides economic development professionals with:Development Council America Economic -Mid On the cutting edge Elk River, MN…2 Networking opportunitiesWyoming Nebraska, North Dakota, Ohio, South Dakota, Wisconsin, Illinois, Indiana, Iowa, Kansas, Michigan, Minnesota, state region-Promotion of the 12Development CouncilAmerica Economic -Mid On the cutting edge Elk River, MN…3 Roundtable discussionsModerated panels with site selectors Site selectionChicago in December–Competitive Conference Partners with regional & state associationsCase studies rotates locations and is held in the summer–Best Practices MAEDC hosts two conferences a year:Development Council America Economic -Mid On the cutting edge Elk River, MN…4 Chicago-Joseph Pilewski Climate Change and the Impact on Economic Development 2019 Competitive Conference On the cutting edge Elk River, MN…5 Moody’s Ratings 2019 Competitive Conference On the cutting edge Elk River, MN…6 Keys to Success in Rural Economic Development2019 Competitive Conference On the cutting edge Elk River, MN…7!place managementand talent development incorporatesA shift from traditional business development to one that The Status Quo is NOT an Option 2019 Competitive Conference On the cutting edge Elk River, MN…8 multiple audiences Developing brands that encompass Stronger focus on talentMore engagement2019 Competitive Conference On the cutting edge Elk River, MN…9 companies. important location criterion for site selectors and The availability of talent has become the most 2019 Competitive Conference On the cutting edge Elk River, MN…10 remote workers–Technology ActivitiesAvailable housingDecreased commuting timeslower cost of living-Rural lifestyle Increase marketing Communities:2019 Competitive Conference On the cutting edge Elk River, MN…11 Automation Employee retention & developmentEmployee engagementCompanies:2019 Competitive Conference On the cutting edge Elk River, MN…12 Colleen Thank you,I’m happy to answer any questions.2019 Competitive Conference On the cutting edge