HomeMy WebLinkAbout4b. 2025 Workplan draft JS editsLake Elmo EDA Mission
The Lake Elmo Economic Development Authority (EDA) is committed to preserving and enhancing our community by creating an attractive business climate and listening to businesses and residents
to prepare for the economy of tomorrow.
Goals
Business Retention, Expansion, and Attraction (BREA)
Prioritize retention of current businesses and create a favorable environment to attract new development
Collaboration and Partnership
Engage with regional organizations, Washington County, Chambers of commerce, etc.
Community Centered Development
Align development with community needs and encourage public participation
Sustainable Growth
Encourage responsible development that balances economic, environmental, and social factors
Purpose
The purpose of this document is to guide implementation of EDA action items and the assist Lake Elmo staff when making decisions.
Action Items
Project and Description
Deliverable/Action Item
Timeline
City Property Planning
Assist City staff and City Council with marketing efforts for city owned properties:
Issue an RFP for Old Fire Station and Public Works Building
1st Quarter
Create a plan to develop the City owned 180 acres to issue an RFP. Work with the Urban Land Institute and/or commercial real estate brokers and/or consultants. Consider funding a study
on the area.
2nd/3rd Quarter
Issue an RFP for the City owned 180 acres
4th Quarter
Enhancing Lake Elmo’s Communication Efforts for Economic Development
Participate in City efforts to improve marketing materials. Continuing efforts to highlight local businesses.
Collaborating with new communications coordinator to make effective website/social updates
2nd Quarter
Adding content to The Fresh Newsletter
Year round
Sharing business stories/explore joining organizations like the Chamber
Year round
Project and Description
Deliverable/Action Item
Timeline
Developing and Maintaining Relationships with Local Businesses
Promote resources and tools for economic development to business partners and stakeholders
Keep materials and outreach materials updated
Year round