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City of Arden Hills Economic Development Commission, August 6, 2014 Page 2 of 2 Training Services Research Services Item Expected Cost Item Expected Cost BRE Leadership Team/Task Force training $300 Custom survey instrument $2,000 Putting together a good survey $300 Data tabulation $1,000 Business visitor training $300 Data analysis $1,000 Setting priorities and taking action (planning retreat) $1,000 Report writing (includes recommended implementation projects) $1,500 Training Services Total $1,900 Research Services Total $5,500 Total Program Cost $7,400 This information has been shared with the BRE Program Director at the Extension, who is looking forward to working with the City if it decides to move forward with a BRE program. Staff will continue to work with the Extension to develop an effective program for Arden Hills that meets the EDC’s goals of being results-oriented and requiring fewer meetings and less data collection. One additional area of potential cost savings is that staff may be able to write the survey instrument instead of having the Extension complete this work, which would reduce the total program cost by $2,000. Any survey instrument put together by the City would need to be approved by Extension staff if they are to complete the data tabulation and analysis and write the final report. Staff would like to present its research and the EDC’s recommendation on a local BRE program to the Economic Development Authority at their meeting on October 27, 2014. Prior to the EDA meeting, staff will make a final recommendation to the EDC at the October meeting based on its further discussions with the Extension. Attachments A. Community Leaders’ Business Retention and Expansion Program Info Sheet