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7.2. EDSR 05-15-2023 Request for Action To Item Number Economic Development Authority 7.2 Agenda Section Meeting Date Prepared by General Business May 15, 2023 Brent O’Neil, Economic Development Director Item Description Reviewed by General Updates Cal Portner, City Administrator Reviewed by Action Requested Item presented for information and discussion purposes. Background/Discussion This item is an opportunity to share updates and discuss other non-action items. Among the items are the Placer.ai renewal and 2024 budget planning timeline. Financial Impact N/A Mission/Policy/Goal Support Elk River’s existing businesses through relationship building, programmatic offerings, and high-quality city services. Attract new business development to Elk River to build the City’s economic vibrancy, job offerings and tax base. Attachments  None The Elk River Vision A welcoming community with revolutionary and spirited resourcefulness, exceptional service, and community engagement that encourages and inspires prosperity. Updated: January 2023