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<br />City of Arden Hills <br />Economic Development Commission April 2, 2014 <br /> <br />Page 1 of 1 <br /> <br /> <br />MEMORANDUM <br /> <br />DATE: April 2, 2014 EDC Agenda Item 4.C <br /> <br />TO: Economic Development Commission <br /> <br />FROM: Matthew Bachler, Associate Planner <br /> <br />SUBJECT: Business Retention and Expansion <br /> <br /> <br />Background <br /> <br />At the EDC meeting on March 5, 2014, staff provided a brief overview of the goals of Business <br />Retention and Expansion (BRE) programs and the typical structure of these initiatives. Staff <br />recently completed a ten-week course entitled Retaining and Expanding Businesses in Your <br />Community through the University of Minnesota Extension. Included in Attachment A is the <br />final course paper written by staff, which discusses what some of the important milestones would <br />be for implementing a BRE program specifically in Arden Hills. <br /> <br />In the upcoming months, staff will be reaching out to other cities in the metro that have <br />implemented BRE programs to learn about the successes and shortcomings of their efforts. Staff <br />will also have discussions with the EDC on the costs and benefits of a BRE program and <br />priorities the City should set in terms of the scope of a BRE program. <br /> <br /> <br />Attachments <br /> <br />A. Retaining and Expanding Businesses in Your Community – Course Paper <br /> <br /> <br />