Agenda Packets - 1994/05/02 - Laserfiche WebLink

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Memorandum To: Samantha Orduno, City Administrator From: Cathy Bennett, Economic Development Coordinator Date: April 27, 1994 Subject Funds to support economic development and marketing programs for 1994. The attached document outlines the goals which were addressed in both the strategic planning session and Focus 2000 report for economic development and marketing. The work plan identifies the actions steps proposed for implementation to begin economic development and marketing programs. The purpose of the programs are to increase the positive awareness of the City, stimulate business growth and diversification, and expand funding mechanisms to support and sustain quality job opportunities for Mounds View residents. I have reviewed the costs to implement the beginning stages of both economic development and marketing programs. The following is an outline of the funds needed to support these action steps for 1994. • Goal 1: No additional funds • Goal 2: $12,500 for the retention program conducted by North Metro Business Retention and Development Commission - Community Partners Program and administered by myself The program will be discussed in detail at the Council Work Session on May 2nd. Also included in the program is the development and production of a general package to be used by the City for retention purposes at a cost of$250. • Goal 3. $500 for the production of a glossy development package to be used for prospective investment opportunities in Mounds View and for prospect development. • Goal 4 $100 for research materials on redevelopment guidelines and the implementation of effective redevelopment program. • Goal 5 $100 for research materials and seminars on the programs available for housing rehabilitation. • Goal 6 $3,000 to support the marketing program including the publication of various collateral materials such as community profile, business resource guide and folder to present these materials. Also included is funds for the participation in professional development conferences and networking opportunities to promote Mounds View within the Metro area. The total budget of$16,450 is conservative and includes considerable amount of in-house production work.