7.5. EDSR 10-19-2020 City of
Elk �-- Request for Action
River
To Item Number
Economic Development Authori 7.5
Agenda Section Meeting Date Prepared by
General Business October 19, 2020 Colleen Eddy, Economic Development Specialist
Item Description Reviewed by
Strategic Plan Update Cal Portner, City Administrator
Reviewed by
Action Requested
Receive an update on the Strategic Plan.
Background/Discussion
The EDA Strategic Plan is progressing along the proposed timeline. The community engagement event is set
for Thursday, October 29, 2020, from 5:30—7:00 p.m. at the multipurpose facility. Project Manager Tom
Leighton will provide an overview of Elk River's economy and its unique characteristics relative to similar
communities. There will be a brief presentation followed by three breakout sessions that will focus on topics
such as: 169 Redefine,business attraction and retention,redevelopment,quality of life, tourism and COVID
economics.
The EDA Work session is scheduled for November 9, 2020, 5:30—7:30 pm and will focus on the results of the
community engagement event and the other findings from the peer city interviews, the stakeholder focus
groups. Stantec will provide summaries of the research to date and a description of the candidate economic
development strategies prior to the work session.
Financial Impact
N/A
Mission/Policy/Goal
The Strategic Plan will build upon the EDA's existing plans including the city's vision,Mississippi Connections
Plan, FAST Study, Comprehensive Plan, Parks and Recreation Plan, Capital Improvement Plan, along with any
other relevant studies that have set forth goals and objectives for economic growth and sustainability.
Attachments
■ N/A
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