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1. Building an Organization That Can Support Economic Development 2. Creating a Community that Fosters Investment 3. Retaining The Existing Business Base 4. Attracting New Investment 5. Creating a Strong Workforce DeSCo's Philosophy of Strategic Planning DeSCo's philosophy on strategic planning for economic development mandates that every member of the community be afforded the opportunity to provide input and insight into the plan. We realize that not everyone will have an opinion nor wish to express it; however we find it important that every citizen in the community be afforded an opportunity to speak. • In economic development, there are four layers of input solicited in the development of the strategic plan. They are: Leadership. We define two key components to comprise the leadership in the community; the elected officials on the City Council and the members of the EDC who are driving economic development efforts. ♦ Power Base. In any community, there are people who hold power and influence. The goal of an economic development strategy is to find out what these individuals are thinking. The power can be: o Elected power afforded to those in office. o Appointed power commonly received from elected officials. o Wealth achieved from success in business. o Knowledge from achieving expert status at something. o Positional power from holding a position of responsibility. We request the input from those who hold the power or influence in the community as we start our work in the community. ♦ Strategic Partners. These are individuals or organizations who work closely with City Hall and the EDC. They often involve Planning Commission and other City Committee members, the Strategic Plan for Economic Development Page 9 of 25 Final Draft— Ready for Release Subject to Council Approval and Adoption