Laserfiche WebLink
ISS -7,-(7/1-7vif7 <br /> n l <br /> • general or with respect to City/EDA financial assistance related thereto. ' f `� <br /> 6. Owners of"underdeveloped" parcels (especially residential <br /> homeowners and owners of old or obsolete commercial structures) who are <br /> unwilling to sell, resulting in an inability to develop those properties to their highest <br /> and best uses. <br /> 7. The lack of an commonly known or readily ascertainable "identity" <br /> that would attract new businesses. <br /> 8. A scarcity of attractive office space. <br /> 9. A scarcity of rental warehouse/showroom space. <br /> 10. Insufficient financial resources to aggressively recruit the most <br /> attractive "new business"prospects and/or to "market"Mounds View as a business <br /> location. <br /> 11. Insufficient financial resources to fund business incubator programs, <br /> "enterprise facilitation"projects or other initiatives designed to help new businesses <br /> get started locally. <br /> 12. A competitive climate in which municipalities will sometimes try to <br /> entice businesses to move from one community to another. <br /> 13. The lowest levels of unemployment in modern times, resulting in <br /> • concerns about the community's (and the region's) ability to provide an adequate <br /> workforce. <br /> 14. A"legislative inclination"to restrict future use(s) of tax increment <br /> financing. <br /> 15.JThe high cost of redevelops ,,,/propejrt/y�/l vs. developing property. <br /> //p//i , °f�T...�.'��I r` �s-i ,..''�,(iF,.1,( e C...-CL/ .l ,� /a, , '4Y"W'�V`l�X a L�(�LIr�v✓v✓.^.Y,..._ —:., ... <br /> These and other disinJ^centives are, to"varying degrees, mitigated by the presence of /b6/t1 <br /> financial and other incentives that encourage or allow economic development. <br /> Successful economic development will continue to require the careful monitoring of <br /> existing and developing disincentives-so that realistic and timely efforts can bemade <br /> to emphasize Mounds View's many positive attributes in order to effectively <br /> minimize or counteract negative perceptions or circumstances. <br /> 6. RESOURCES TO SUPPORT ECONOMIC DEVELOPMENT <br /> "Resources to support economic development" can be defined as any facts, <br /> programs or circumstances that enhance Mounds View's ability to attract new <br /> businesses, retain and expand existing businesses, or assist in the preservation of a <br /> • vibrant, diverse local economy. Such resources currently include the following: <br /> 3 <br />