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HomeMy WebLinkAbout11 18 2013 EDA Report 8C Attach 1 Advisory Committee / City Council Meeting November 25, 2013 Economic Development Advisory Committee (EDAC) 2013 Accomplishments:  Completed Business Retention & Expansion Surveys & BR&E Program Summary Report  Held the Business & Industry Forum event  Initiated and recommended amendments to the Industrial zoning ordinance standards 2014 Goals:  Revise and improve marketing materials for Prior Lake  Cooperate with Scott County’s First Stop Shop and SCALE  Continue to address comments from the Business & Industry Forum and complete additional BR&E survey research. Per Bill Henry Technology Village Board of Directors 2013 Accomplishments:  Established the Technology Village program; including, Board of Directors, program development, marketing & promotion, and facility build-out  Achieved full occupancy of Technology Village (6 program participants)  Developed a Technology Village Phase II Business Plan for program expansion 2014 Goals:  Continue to market the program and identify potential program participants  Form an academic affiliation and community support program for program participants  Establish financial resources or funding network to support participant business expansion  Implement Technology Village Phase II Business Plan and explore Phase III Business Plan Economic Development Authority (EDA) 2013 Accomplishments:  Established of the City of Prior Lake Sewer and Water Fee Deferral Program  Formulated a list of Economic Development Financing Tools  Revised the Business Subsidies Policy & drafted a new Local Business Incentive Policy  Supported a successful first year of Technology Village  Encouraged completion of cooperative fiber project with partners of the City, County and Integra  Supported the EDAC to complete business retention, business and industry forum, and a newsletter  Supported the County Highway 42 Corridor Land Use Study. 2014 Goals:  Seek out opportunities to improve Downtown Transportation system  Re-establish the Business Façade Improvement Program  Encourage developments in Deerfield Industrial Park and redevelopment projects in the Downtown  Identify ways in which the city can continue to be pro-business through ordinance modification and support of the EDAC Business and Industry Forum