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Document Purpose <br /> This document outlines the standard practices of the GREATERMSP staff and regional <br /> partners, comprised of public, private, and public-private economic development entities in <br /> the greater Minneapolis- Saint Paul region who represent or serve either a portion of, or all <br /> of, the Metropolitan Statistical Area. These principles attempt to articulate the basic <br /> commitments of the GREATERMSP staff and partner organizations. Together, these <br /> commitments represent the desired ethics and professional courtesies that will shape the <br /> business development practices of the combined partners — as they relate specifically to <br /> industrial and commercial (non-retail) economic development retention, recruitment and <br /> expansion. In support of these commitments, the following sections of the document <br /> establish the Operational Principles to be supported by each respective participant in the <br /> GREATERMSP. <br /> Attached to this document, as Appendix A, are more specific procedural protocols for the <br /> GREATERMSP. These procedural protocols provide further guidance to the GREATERMSP <br /> staff and partners regarding Project Vetting (lead generation and prospect conversion), <br /> Project Management, and Confidentiality Practices. The appendix is intended to be <br /> reviewed, updated regularly and modified as required by the Partner Advisory Council to <br /> ensure that the manner in which the organization is executing its responsibilities is most <br /> efficient and effective for all partners. <br /> Supplemental to this document, it is the intention of the GREATERMSP to execute a <br /> Memorandum of Understanding (MOU) with the State of Minnesota Department of <br /> Employment and Economic Development (DEED), which will establish any required protocols <br /> and procedures between GREATERMSP, including its regional partners, and DEED. Upon <br /> execution, the MOU will become Appendix B to this document. <br /> Participation in the GREATERMSP is contingent on acceptance of these guidelines. Each <br /> economic development partner organization is asked to review, sign and abide by these <br /> principles to the absolute best of his or her organization's ability. Willful or repeated <br /> disregard for the principles and/or protocols by any party to the agreement will be <br /> addressed to the Partner Advisory Council for their consideration. <br /> Definitions: <br /> Client: Refers to an employer who is or may be engaged with GREATERMSP and regional <br /> partners for retention, expansion or recruitment purposes. Clients may be also referred to <br /> as customers or prospects. <br /> Confidentiality: Refers to the need to protect client identity during the engagement <br /> process. GREATERMSP will defer to client desired confidentiality needs and will share <br /> information with regional partners per client direction. <br /> GREATER :>MSP Regional Economic Development Partnership 3 1 P a <br />