03-25-2026 Workshop Packet - Laserfiche WebLink

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City of Little Canada EDA Goals and Objectives Little Canada’s Economic Development Authority plays a key role in supporting the long-term fiscal health and quality of life of the community. This includes growing and stabilizing the City’s tax base, guiding reinvestment in key areas, using public resources strategically to support durable, high-quality development outcomes, and building strong relationships with the local business and development community. Goal 1 – Proactively Guide Redevelopment in Strategic Areas Objective A. Identify priority redevelopment areas, particularly along commercial corridors and underutilized properties. This work will align with the creation of revised Planning Districts as part of the 2050 Comprehensive Plan Update. Objective B. Establish clear, district-specific expectations for redevelopment, including land use, site design, building form, and public realm improvements. Objective C. Monitor and inform the EDA of acquisition and redevelopment opportunities within each district. Develop district-specific criteria to guide when and how the City should participate in redevelopment efforts. Objective D. Coordinate redevelopment planning with public infrastructure investments, transportation improvements, and public space enhancements. Goal 2 – Establish Clear Policies for the Use of EDA Tools and Resources Objective A. Develop baseline policies for the use of Tax Increment Financing and other financial tools. Policies should be clear and predictable, allowing staff to communicate expectations to prospective developers with confidence. Objective B. Establish programming and priorities for the use of Local Affordable Housing Aid (LAHA) funds. Objective C. Define the public benefits expected when City financial participation is involved in redevelopment projects.