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f <br /> i <br /> CITY OF HUG40 <br /> i <br /> 2007 EDA Annual Report <br /> This Annual Report is designed to showcase man of the commercial and industrial <br /> business that have located in Hugo during 2007. The goal of the Hugo Economic <br /> Development Authority (EDA) is to create a thriving community with diverse job and <br /> tax bases, brought about by specific emphasis on business retention, business ex- <br /> pansion, and business attraction. Hugo's business community is rapidly expanding <br /> In this report: due to strong residential growth and an attractive business environment. <br /> • Postal Credit <br /> Union 2UU7 Q"tb of the Lm... <br /> • Kidz Place Child 1. Active involvement with the Hugo Business Association <br /> Care Center 2. Develop a marketing and promotional strategy for the EDA <br /> • Kwik Trip <br /> Victor Market • Create a list of Businesses in Hugo <br /> • Place Retail • Develop retention and attraction goals <br /> Center 3. Continue performing site visits with existing businesses in Hugo <br /> • Hugo Downtown 4. Establish a Tax Increment Financing (TIF) District for Downtown Hugo <br /> Plan <br /> Stockness Create a TIF Policy <br /> • Construction • Create a TIF Application <br /> • Multifeeder • Continue working on Downtown Redevelopment <br /> Technology 5. Identify a location for another industrial park <br /> • Northern gateway into Hugo <br /> • Future development in northern Hugo <br /> eenunvx&d and Jn&w Wad ... <br /> zoo The valuation for the new commercial and industrial construction in Hugo is over 9 <br /> ! million dollars in 2007. Most of the commercial activities are along County Road 8 <br /> and Victor Hugo Boulevard. The industrial activities have been in the Bald Eagle In- <br /> dustrial Park located along Fenway Boulevard. The City of Hugo and the EDA wel- <br /> come all of the new business to Hugo and are excited to have them as a part of <br /> Hugo's commercial and industrial base. In this Annual Report the EDA has high- <br /> lighted the new businesses that have located in Hugo in 2007 and it gives an over- <br /> view of what the business have to offer to the residents of Hugo. <br />