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1. Collaborate with business support organizations to serve the needs of current and future <br />businesses. <br />2. Develop strategies and programs to attract high tech and high value industrial, business <br />and professional service enterprises that have an emphasis on job creation. <br />3. Continue to support local business retention and expansion initiatives by implementing <br />a Business Retention and Expansion Program. <br />4. Promote the rehabilitation and redevelopment of existing commercial facilities by <br />continuing to pursue and make available various financial programs and assistance. <br />5. The Economic Development Advisory Committee (EDAC) will continue to prepare <br />five-year economic development plans and one year action plans. <br />6. Consider the use of available financial incentives (i.e. TIF/tax abatements/grants, etc.) <br />to attract businesses to relocate or start up in Lino Lakes. <br />7. Work to actively market Lino Lakes as a great place to live and work. <br />8. Promote development of identified "Opportunity Areas": Legacy at Woods Edge, CR <br />49/J and I-35E Corridor <br />Staff is proposing to start development of the Strategic Plan update process in the next few <br />months. <br />EDAC Direction <br />None required. Staff is seeking EDAC ideas on areas of priority for next five years. <br />ATTACHMENTS <br />1. 2014 Economic Development Strategic Plan. <br />