HomeMy WebLinkAbout7A - Notes from February 17, EDA Workshop
ECONOMIC DEVELOPMENT AUTHORITY
DATE:
7A
DONALD RYE, PLANNING DIRECTOR
NOTES FROM ECONOMIC DEVELOPMENT WORKSHOP -
FEBRUARY 17,1999
MARCH 22,1999
AGENDA #:
PREPARED BY:
SUBJECT:
DISCUSSION:
The Economic Development Authority held its annual meeting
and discussed the powers and duties of the EDA; maintaining
current businesses as well as recruiting new businesses and
goals and objectives.
ISSUES:
Review the attached draft notes from the meeting.
L:\99FILES\99EDA \RP3227 A.DOC
16200 Eagle Creek Ave. S.E., Prior Lake, Minnesota 55372-1714 / Ph. (612) 447-4230 / Fax (612) 447-4245
AN EQUAL OPPORTUNITY EMPLOYER
Economic Development Authority Workshop
February 17, 1999
1:t.eJ;D.sFQrj FQIIOW-Up
I. What are the powers and duties of the EDA?
II. What must the EDA do to assure business de
~ Who is the EDA Treasurer?
~ Is he/she bonded?
~ How does the City convey land to the EDA?
~
~ Assist in the creation and mainten
commerciallindustrial developme
what return can be expe
City or EDA.
J. a and determine
,.If;!
]ance needed by the
;j-
~
~
Assure that dat
options are feasi
{;.CIetermine if other ownership
~
old library and lots across the street.
tLJ9Y also address public relations necessary for effective
~:" ':':, ",~
Iir
~
~ Con <>Ia)(Yt<..ent Financing Policy into a more general document
incor . ~if1g<i~}lfirlancial incentives. (Le. Financial Options and Development
Incentlves.J:,cZ.<
~'j;;~ ..
"-
What can the EDA and staff do on an on-going basis to retain existing
businesses?
~ Staff to arrange for two EDA members to each interview every Waterfront
Passage business owner for retention purposes. Also interview other large City
businesses like Norex and Scott-Rice Telephone. Use U-of-M survey questions
which are appropriate.
...
Economic Development Authority Workshop
February 17, 1999
~ Cooperate with the Chamber to follow-up on any retention issues identified from
their interviews. Share such information with the EDA.
~ Have the Chamber provide a Business Retention Report to the EDA when the
interviews are completed.
IV. How can the EDA and staff most effectively recruit new bus
~ Discuss this subject as part of the joint meeti
and City Council (after getting City and Cha .
V. Recruit new businesses.
~ Consider what marketing can be done to i
friendly.
~ Review and comment as an EDA a
~ Identify the size of businesses
~ Identify owners of bus in
~ Also get a list of su
contact them adv.
~ on the
VI.
assure consistency and
~ effort to deliver the EDAlCity "pro-business" message.
~ .Cc::ln~ help to identify Prior Lake business owners who could be
location into the community. .
~ Get a Web page on the Internet.
FOLLOW-UP ITEMS
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