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7.2. EDSR 08-17-2020 ��i City of Elk ' Request for Action River To Item Number Economic Development Authori 7.2 Agenda Section Meeting Date Prepared by General Business August 17, 2020 Colleen Eddy, Economic Development Specialist Item Description Reviewed by Together Elk River Campaign Update Amanda Othoudt,ED Director Reviewed by Cal Portner, City Administrator Action Requested Receive an update on the Together Elk River Campaign. Background/Discussion The Together Elk River subcommittee continues to meet weekly and is making great strides in bringing awareness and engaging the community to shop local and support small businesses. The campaign has distributed 100 yard signs, 61 decals, and hundreds of stickers to residents and businesses, via the municipal liquor stores, Chamber of Commerce, and the weekly farmers market. Electronic billboards across Elk River display the Together Elk River Logo. Downtown banners are being printed to showcase the six focus areas of the campaign;Dines, Shops,Plays, Grows, Supports, and Gives. With the 100 yard signs distributed,and more requests coming in,there is a need to allocate funds to purchase 50 more for a cost of approximately$250. We have designated the week of August 23—29, 2020 is Support Together Elk River Spirit meek. The week is set to encompass the six focus areas and will feature different themes and ways to support our local community, while having a bit of fun! Financial Impact At their April 29, 2020, meeting,the EDA re-allocated $9,000 from the 2020 marketing, conference, and travel budgets that will go unspent due to the COVID-19 pandemic to this marketing initiative. We have identified $950 that will go unspent in 2020,which could be reallocated to this campaign. Mission/Policy/Goal Together Elk River is a community initiative to encourage, engage, and support local businesses,non-profits, and neighbors in need through challenging times. Attachments ■ Together Elk River Spirit Week Graphic The Elk River Vision A n elcoming community n ith revolutionary and spirited resourcefulness, exceptional P U W E H E o s r service, and community engagement that encourages and inspires prosperity /` UR ---- -- _n