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2008 Mounds View Comprehensive Plan <br />______________________________________________________________________________ <br /> <br />Chapter 7: Economic Development 7-8 <br /> <br />Medtronic - Mounds View Campus <br />Cardiac Rhythm Disease Management <br />Headquarters <br />Business Retention & Recruitment Goal <br /> <br />The City recognizes that the maintenance of an adequate workforce will be one of the most serious <br />challenges that will face business and industry in the near future. In addition, Mounds View notes <br />that the private sector and educational institutions will be primarily responsible for addressing and <br />resolving workforce issues. However, the City is prepared to assist with such efforts by working <br />collaboratively with others who are concerned about such issues. The nature of Mounds View’s aid <br />may include having City representatives serve on local and regional committees, commissions and <br />agencies devoted to this topic. <br /> <br />Redevelopment Goal <br /> <br />Mounds View, like many cities, is undergoing a change from a growing suburb into a redeveloping <br />one. The land resources that once spurred development are now limited and any increases in <br />employment and market value will come predominantly from reinvestment or redevelopment of <br />property. <br /> <br />The link between quality businesses and <br />residents is critical to the continued success of <br />Mounds View. Since the city is almost fully <br />developed, new revenue sources for municipal <br />services will have to come from increased <br />market value that occurs from business and <br />resident reinvestment in their properties. This <br />includes redevelopment in the city that allows <br />for a higher value and/or density on an existing <br />site. As such, the City has begun work towards <br />promoting redevelopment opportunities to ensure <br />that Mounds View remains a healthy and viable <br />city. <br />Mounds View intends to devote significant <br />attention to redevelopment. Such efforts will be <br />to redevelop aesthetically displeasing, aging, <br />obsolete, blighted, contaminated, abandoned, unsafe or otherwise underutilized properties. <br />Redevelopment areas are generally situated in high profile locations in the city, are very visible, <br />located along major thoroughfares or at gateway intersections in the city and no longer convey the <br />overall development values of the city in visual appearance or use. <br />