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DRAFT DRAFT <br />1. PURPOSE: An East Metro Economic Development Joint Venture <br />The purpose of the proposed coalition is to have an organization <br />that cal act in the joint economic development interests of the East <br />Metro communities. These communities are defined as those in Ramsey, <br />Washington and Dakota Counties which consider themselves to be Saint <br />Paul suburbs, plus Saint Paul itself. The general purpose of the <br />Council will be to perform business development marketing for the <br />greater East Metro community. This includes market planning, <br />promotion efforts, and prospect handling. <br />A promotion fund will be set up in joint venture between the <br />chambers of commerce and municipal governments in the East Metro <br />area. This fund would be used: <br />First, to implement an immediate program of marketing the <br />entire East Metro region to Commercial and Industrial real <br />estate brokers and developers, companies in the Metro area <br />that are contemplating immediate expansion or relocation, <br />and residential real estate brokers and builders. <br />Second, to establish and implement a long -range program of <br />business retention and attraction, to ensure continuing <br />growth. <br />17 <br />DRAFT Revision 6.1, 9/08/86, Page 2 DRAFT <br />