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11/15/2022 <br /> <br />1 <br /> <br />2023 – 2024 <br />Lake Elmo EDA <br />Economic Development Work Plan <br /> <br />Lake Elmo EDA Mission <br />The Lake Elmo Economic Development Authority (EDA) is committed to preserving and <br />enhancing our community by creating an attractive business climate and listening to businesses <br />and residents to prepare for the economy of tomorrow. <br />Goals <br />1. Develop strong relationships with existing businesses and explore options for a Business <br />Retention and Expansion (B,R&E) Visitation Program <br />2. Develop data (talent availability, business types, demographic information) <br />3. Increase the number of commercial and industrial business <br />4. Develop and maintain sense of place and create new positive community perception Planning Process <br />The purpose of this document is to serve as the Lake Elmo EDA 2023 Economic Development Strategic Plan with a planning horizon through 2024. <br /> Strengths, Weaknesses, Opportunities and Threats / 2040 Comp Plan To assist in the EDA’s discussion and to help achieve the goals and action steps identified within this plan, a summary of the July 21, 2021 group discussion on Strengths, Weaknesses, Opportunities and Threats (SWOT) analysis and also includes maps from the 2040 Comprehensive Plan Update is included as Attachment A.