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ECONOMIC DEVELOPMENT ADVISORY COMMITTEE <br />AGENDA ITEM 3A <br />STAFF ORIGINATOR: Michael Grochala <br />MEETING DATE: August 5, 2021 <br />TOPIC: Economic Development Strategic Plan <br />BACKGROUND <br />EDAC is in the process of updating the 5 Year Economic Development Strategic Plan. <br />The attached memo includes a list of the existing industries in the City and their Standard <br />Industrial Classification. Discussion will focus on reviewing these, identifying additional <br />industrial categories to attract, and determination of what industrial areas to focus on. While <br />we are trying to support all existing industries, limited resources will require us to focus on a <br />core group for our initial phase of the program. <br />Additional action items include: <br />Developing a work force assistance program. Staff anticipates a presentation with <br />representatives from Anoka County CareerForce office as a first step. <br />Identifying potential redevelopment areas and strategic acquisitions. <br />Updating marketing materials <br />EDAC Direction <br />None required. Discussion only. <br />ATTACHMENTS <br />1. WSB Memo, dated July 30, 2021 <br />