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2026 Lake Elmo EDA Work Plan <br /> <br />Reviewed by EDA 12/2/2025 <br /> <br />1 <br /> <br />Lake Elmo EDA Mission <br />The Lake Elmo Economic Development Authority (EDA) is committed to preserving and enhancing our community by creating <br />an attractive business climate and listening to businesses and residents to prepare for the economy of tomorrow. <br />Goals <br />•Business Retention, Expansion, and Attraction (BREA) <br />•Prioritize retention of current businesses and create a favorable environment to attract new <br />development <br />•Collaboration and Partnership <br />•Engage with regional organizations, Washington County, Chambers of Commerce, etc. <br />•Community Centered Development <br />•Align development with community needs and encourage public participation <br />•Sustainable Growth <br />•Encourage responsible development that balances economic, environmental, and social factors <br />Work Plan <br />Project and Description Timeline <br />City Property Planning <br />Market the City owned 180 acres Q2 <br />Purchase Agreement for Former Fire Station and Parks Building <br />Q1 •Explore Brownfield grants for any environmental cleanup necessary at Former Fire Station and <br />Parks Buildings <br />Identify and evaluate City-owned property and develop a disposition plan. <br />Q3 •Create plans for City owned properties <br />•Consider analyzing properties for purchase <br />Create and implement a plan for Old City Hall Q2 •Analyze parking and leasing <br />Evaluate if the landfill can be developed into an asset for the City Q2 <br />Enhancing Lake Elmo’s Communication Efforts for Economic Development <br />Collaborating with communications coordinator to make effective website/social updates Ongoing <br />Keep outreach materials updated. Update “Community Development Projects” Tab quarterly. Q1-Q4 <br />Share communications with the Greater Stillwater Chamber of Commerce Ongoing <br />Maintain list of LE businesses to support communication and outreach; update quarterly with businesses <br />captured by “change of use’ permits. Ongoing <br />Developing and Maintaining Relationships with Local Businesses <br />Collaborate with Washington County Development Authority to explore and share resources for businesses <br />(i.e. Façade improvement grants, workshops) Ongoing <br />Housekeeping <br />Update EDA Handbook Q1