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AGENDA ITEM 1D MEMORANDUM DATE: April 21, 2014 TO: Honorable Mayor and City Councilmembers Patrick Klaers, City Administrator FROM: Jill Hutmacher, Community Development Director SUBJECT: Ramsey County Economic Prosperity Presentation and TCAAP Development Goals Discussion County staff gathered relevant data, developed a framework through which to view the goal, and identified key policy themes requiring further attention. The Ramsey County Board determined that economic prosperity work is multi-jurisdictional; it must incorporate regional, county-specific and neighborhood levels of analysis and planned action. The Board also encouraged Ramsey County to unite with its community partners and its citizens to make progress toward greater economic prosperity. The following background Director of Policy and Planning, in preparation for the presentation on April 21, 2014. Ramsey County's new goal to Cultivate Economic Prosperity and Co Areas of Financial Poverty presents a community call to action that requires community- wide solutions. It is a recognition that no one entity can build a community by that the collective capacity of individuals and groups will driv are strategically aligned and committed to action. Generating future economic prosperity requires the support of regional efforts, especially similarly situated with the rest of the MSP Region. However, it also requires the implementation of more localized strategies when situations arise in which the Count uniquely situated when compared to its peers. Furthermore, as the area within the Region with the highest proportion of concentrated areas of pove economic prosperity work will be stunted unless that work increases access to opportunity for all people in all places within our community. 11 Page of