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• <br />• <br />• <br />BUSINESS DATA DEPOSITORY <br />Staff maintains a roster of city businesses and a website of commercial /industrial land and <br />buildings that are for sale or lease. Staff maintains demographic data, census data, and provides <br />data to MNPro and Metro MSP economic development websites. <br />ECONOMIC DEVELOPMENT AUTHORITY (EDA) /EDAC LIASON <br />Staff serves as representative and recording secretary to the Economic Development Advisory <br />Committee (EDAC) and the Economic Development Authority; develops agendas, prepares <br />materials and minutes for presentation to EDAC, EDA and City Council. <br />Staff prepares and coordinates with EDAC the development of its 5 -year Strategic Plan and 1- <br />year action plan and develops strategies to implement those plans. The plans serve as the basis <br />for the City's economic development initiatives. <br />DEVELOPMENT ASSISTANCE PROGRAMS <br />The city offers multiple economic development tools to encourage and attract new business and <br />jobs into the community. Tax Increment Financing (TIF) and tax abatement are two of the <br />financial tools used by the city. Staff negotiates development contracts with commercial and <br />industrial developers, initiates required procedural activities of the Economic Development <br />Authority and City Council, and develops schedules to keep each project on course. Staff <br />coordinates necessary documents for the closing and/or financing of properties. <br />PROGRAM REPORTING <br />Staff monitors businesses for business subsidy compliance and completes annual reports to the <br />Department of Employment and Economic Development. <br />CITY NEWSLETTER <br />Staff coordinates, writes, edits, and designs pre -press production of the City Newsletter. <br />Newsletters are prepared on a quarterly basis. <br />PLANNING ASSISTANCE <br />Staff participates in long -range, short term and master planning projects to work with <br />development interests to design projects that meet the City's commercial/industrial goals. Staff <br />undertakes a number of projects initiated by advisory boards and/or city council to address <br />implementation of the comprehensive plan, changes in state law, or city policy changes. These <br />projects include ordinance amendments and small area master plans. <br />CURRENT PROJECTS INCLUDE: <br />• Legacy Project — researching options and working with banks, brokers and Anoka <br />County to identi.bi opportunities for development of the properties. <br />7 <br />