EDA_Minutes_2016_05_25 - Laserfiche WebLink

Home

RHRA Meeting Minutes – Monday, May 25, 2016 Page 8 1 Ms. King noted it took collaboration and teamwork and needed to address 2 various issues, including crime and/or safety concerns. By engaging 3 businesses at the foundation and understanding the particular economic 4 niche, Ms. King noted it provided market demographics around a shopping 5 area and how things are trending or changing. 6 7 Ms. King suggested one way for the REDA to offer support would be for a 8 market study for one of those smaller areas, either through subsidizing 9 costs or cost-sharing, as most small business and property owners could not 10 afford such a study; but would identify marketing and promotion strategies 11 consistent with that niche. 12 13 Redevelopment, Reuse, Revitalization 14 Ms. King noted that the REDA would need the capacity to accomplish this, 15 whether through staff, consultants or a combination of both, it took time 16 and support. 17 18 Additional Research to Support development Strategy and Comp Plan 19 Ms. King provided an overview of economic competitiveness tools and 20 information available from the Metropolitan Council specific to Roseville, 21 and defining the Metropolitan Council’s role under statutory control. With 22 the next cycle of comprehensive plan updates, Ms. King noted they would 23 be offering additional resources for communities to better understand their 24 role in the regional economy. Ms. King noted this would include a 25 community’s competitive strengths/weaknesses versus trying to be 26 everything to everyone and should help inform economic development 27 strategies and the comprehensive plan update itself. 28 29 At the request of Member Laliberte, Ms. King identified seven different 30 sectors included in the Metropolitan Council example. Ms. King advised 31 that this information would be available to the city in September of 2016. 32 33 Executive Director Trudgeon advised that he had sat in on some of those 34 meetings in developing this city-specific information by the Metropolitan 35 Council, to provide feedback on ways this type of tool could work for and 36 assist cities, including Roseville. 37 Next Steps 38 39 Executive Director Trudgeon noted that a lot of great ideas had been presented 40 tonight, but recognized that it couldn’t realistically all be done at once. Mr. 41 Trudgeon suggested next steps include discussion prioritizing and/or staging. 42 43 Ms. King concurred, noting that the REDA set the budget in August, and 44 advised that information would be available in June to obtain feedback about 45 potential resources to allow the REDA to process it between June and 46 September.