CCP 11-27-2006 - Laserfiche WebLink

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. EOe Strategic Economic Development Plan . November 20, 2006 Page 2 of 3 Discussion Arden Hills' EDC is charged with providing vision and direction to the economic development efforts of the City. The EDC's priorities associated with this mission are to: 1. Ensure a sustainable, profitable, and competitive economic climate in the City; 2. Enhance natural resource conservation and management in the City; 3. Build local capacity for economic development in the city; 4. Improve the economic security of Arden Hills' families; and 5. Prepare Arden Hills youth to be productive, positive, and equipped with life- skills for the future. In an effort to pursue these priorities, the EDC commissioned an economic development strategic plan to be prepared for the City. This plan will take the City through 2011 and is comprised of 29 goals and objectives to achieve these priorities. The 29 goals and objectives identified in the Plan are organized around five . cornerstones of economic development: . Building an Organization That Can Support Economic Development . Creating a Community that Fosters Investment . Retaining The Existing Business Base in the City of Arden Hills . Attracting New Investment and . Creating a Strong Workforce This Plan was approved and adopted by the EDC on August 16, 2006. The Introduction in the attached Economic Development Strategic Plan summarizes the purpose of and need for the implementation of an economic development plan in and for the City. The attached proposed budget for the 5-year implementation of the Plan reflects maximum investment. However, it is anticipated that the successful implementation of the Plan can be achieved for a lower cost than is specified in the proposed budget. For example, instead of hiring a full-time assistant in the first year, a part-time assistant would likely meet the needs, complemented by existing staff. .