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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 <br />Strategic Plan with a planning horizon through 2024. <br /> <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 <br />this plan, a summary of the July 21, 2021 group discussion on Strengths, Weaknesses, <br />Opportunities and Threats (SWOT) analysis and also includes maps from the 2040 <br />Comprehensive Plan Update is included as Attachment A. <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br />