HomeMy WebLinkAboutMission Statement
ECONOMIC DEVELOPMENT AUTHORITY
PRIOR LAKE, MINNESOTA
MISSION STATEMENT
PROMOTE THE BUSINESS ASSETS OF PRIOR LAKE AND FACILITATE A
DIVERSIFIED TAX BASE.
GOALS
1. Prepare redevelopment plan and policy for Priordale MalJ/Park Nicollet site to
facilitate expeditious redevelopment.
2. Prepare Tax Increment Finance Policy statement, and review and comment on
County TIF, Local Effort TIF and Economic Development policies.
3. Expand Business Office Park.(On going)
Develop incentives to encourage Prior Lake residents to establish and maintain their
businesses within the City.
Continue to market existing business park properties.
4. Meet with downtown property and business owners to explore redevelopment
opportunities.
Develop a culture which encourages and supports business acquisition and rete~tion
5. Develop a plan to capitalize on traffic generated by Shakopee Mdewakanton
Dakota Community and The Wilds.
Develop promotional materials.
Explore economic development linkages with Shakopee, Savage and the Dakota
Community.
I'
6. Inventory and review existing commercial and industrial properties and develop a
position on development possibilities
Develop a recommendation on extension of utilities to old industrial park
Explore the relationship between housing availability and business development
16200 aa~~~R<Aw. S.E., Prior Lake, Minnesota 55372-1714 / Ph. (612) 447-4230 / Fax (612) 447-4245
AN EQUAL OPPORTUNITY EMPLOYER