2006.05.15 EDA Packet - Laserfiche WebLink

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1 , WOODBURY ECONOMIC DEVELOPMENT COMMISSION 2003-2006 STRATEGIC PLAN Adopted by EDC on November 15,2002 Approved by City Council on February 12, 2003 Mission Statement To retain, expand and recruit commercial, office and industrial development which provides a diversified tax base and skilled and professional job opportunities in order to maintain Woodbury as a suburban community with a high quality of life. GOAL 1: ACHIEVE DESIRED MIX OF DEVELOPMENT Objective IA: Establish and quantify benchmark targets regarding mix of commercial/industrial,retail and residential land use. Compare to current standards embodied in Comprehensive/Land Use Plan and ascertain if historical and current development trends are on target. ■ If development ratios are skewed identify resources to promote commercial/industrial growth. • Identify and acknowledge the critical success factors(e.g. timing, economic conditions,community strengths and weaknesses)that influence the type and pace of growth. ■ Conduct financial analysis of the difference between commercial/industrial development and retail development and the impact on the city in terms of wages, jobs and tax base. ■ Make recommendation to Planning Commission and City Council, as to the appropriate mix of commercial/industrial/retail development, so that changes to the comprehensive plan and zoning map can be made if necessary. Objective 1B: Attract/retain primary wage earner employers(especially high tech/manufacturing/professional services) and expand commercial/industrial tax base. ■ Expand marketing effort regarding availability of sites that are "development ready" (i.e. platted and served by utilities). ➢ Define market segment that we are trying to attract, and customize efforts to that targeted group. ➢ Include end users as well as site selection companies and brokers in our marketing efforts. ■ Increase the amount of acreage that is "development ready".