2008.01.22 EDA Packet - Laserfiche WebLink

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I CITY OF HUGO 2007 EDA Annual Report This Annual Report is designed to showcase many of the commercial and industrial business that have located in Hugo during 2007. The goal of the Hugo Economic Development Authority (EDA) is to create a thriving community with diverse job and tax bases, brought about by specific emphasis on business retention, business ex- In this report: pansion, and business attraction. Hugo's business community is rapidly expanding • Postal Credit due to strong residential growth and an attractive business environment. Union 2CC7 q des af tPce coa... • Kidzplace Child Care Center 1. Active involvement with the Hugo Business Association • Kwik Trip 2. Develop a marketing and promotional strategy for the EDA • Victor Market Create a list of businesses in Hugo Place Retail Center • Develop retention and attraction goals • Hugo Downtown 3. Continue performing site visits with existing businesses in Hugo Plan • stockness 4. Establish a Tax Increment Financing (TIF) District for Downtown Hugo Construction • Create a TIF Policy and Application • Multifeeder 0 Continue working on Downtown Redevelopment Technology • Wilson Tool 5. Identify a location for another industrial park • Northern gateway into Hugo • Future development in northern Hugo . and Jn otxi& C.emhuctian... The valuation of the new commercial and industrial construction in Hugo exceeded 9 million dollars in 2007. Most of the commercial construction is along County Road 8 and Victor Hugo Boulevard. The industrial construction has been in the Bald Eagle Industrial Park located along Fenway Boulevard. The City of Hugo and the EDA wel- come all of the new business to Hugo and are excited about the new jobs and ser- vices they provide to the community. In this Annual Report the EDA has highlighted the new businesses that have located in Hugo in 2007 and it gives an overview of l what the businesses have to offer to the residents of Hugo.