HomeMy WebLinkAbout05 22 2014 EDAC rept 3c
4646 Dakota Street SE
Prior Lake, MN 55372
ECONOMIC DEVELOPMENT ADVISORY COMMITTEE REPORT
MEETING DATE: May 22, 2014
AGENDA #: 3.c.
PREPARED BY: Casey McCabe, Community Development Specialist
AGENDA ITEM: PRIOR LAKE BUSINESS CONTACT
DISCUSSION: Introduction
The purpose of this agenda item is to determine how the EDAC wishes to remain in contact with
the local business community in 2014.
History
As part of its mission to retain existing Prior Lake businesses, the EDAC has historically conducted
Business Retention & Expansion (BR&E) visits with local company officials. Through these visits,
and additional conversations with business leaders at events like the Business and Industry Fo-
rum, the EDAC is able to identify challenges and opportunities for businesses in our community.
Current Circumstances
The EDAC has previously discussed whether or not it wishes to continue BR&E surveys in 2014
or if the committee will develop some other form of communication or a survey to remain in contact
with local businesses.
During the March 27 meeting, members discussed whether or not to continue Business Retention
th
and Expansion (BR&E) surveys in 2014 or establish another form of business contact or interac-
tion. There appeared to be some committee members who supported continuing the surveys and
other members who felt the EDAC should follow up with the current survey results and action items
before continuing the surveys. EDAC members felt this item needed additional discussion and
recommended it be added to a future agenda.
Conclusion
If the EDAC wishes to continue BR&E surveys in 2014, the committee should identify a target area
or type of business and a subcommittee of EDAC members who are willing to complete the sur-
veys. If the EDAC chooses not to complete additional BR&E surveys in 2014 the committee should
discuss alternate opportunities to remain in contact with local businesses.
FINANCIAL None.
IMPACT:
ALTERNATIVES: 1. Motion and second to conduct Business Retention and Expansion surveys in 2014; identify-
ing a target area of Prior Lake and which EDAC members will complete the surveys.
2. Motion and second to postpone additional Business Retention and Expansion surveys until
2015.
3. Continue discussion during a future meeting.
RECOMMENDED As determined by the EDAC.
MOTION: