2007 September Newsletter - Laserfiche WebLink

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EDA Marketing PIn T4e Works one particular area--at- ue to be emphasized,but tracting new businesses went one step further to to the community. The say that the group will group is involved in an also focus on the prop- overall marketing effort erties the City owns to meet this goal. "We along Highway 61. feel it's very important "The properties have The EDA meets on to market ourselves," been included within says EDA Vice Presi- the TIF district that's the third Monday dent, Phil Klein. The been approved and the City's marketing efforts EDA wants to start mar- of the month at range from providing keting those properties links and updates on for future development 8.30 a.m. Since its keeping businesses in various state websites to that's consistent with establishment in 2004, the community, helping producing publications our downtown plan," the Hugo Economic existing businesses that and brochures. notes Klein. Development Author- want to expand and at- ity (EDA) has been re- tracting new businesses At its August 20, 2007 sponsible for economic to Hugo. meeting, the EDA con- development issues in firmed that providing the City, essentially This past year,the EDA overall information working in three areas: has focused its efforts on about Hugo will contin- Downtown Update Redevelo ment p Since the creation of a TIF district for downtown "The real estate redevelopment, the City has started working with r - property owners on several projects. No money can market is slow, be spent at the present time(since the TIF district is h not yet certified to the state),but the City has begun but the down- efforts on properties that it owns and has also started working with the owners of the End Zone property, ��-...� town property Carpenter's and Ricci's. "The real estate market is slow, but the downtown property owners are very owners are very interested in redeveloping their properties; we're ~ encouraged by that and looking forward to progress If I interested in being made over the next couple of years," notes Community Development Director Bryan Bear. Property redeveloping 5Ftheir properties; K rte,•€ _-, M wIMMf we're encour- Wgi r _ aged by that..." y7V h Bryan Bear 1 Community ' I Development Director Ffld Zone PropertyI I I r ,. i I