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Hugo, MN 55031 <br />(651) 762-6300 <br />EDA A Year in Review... <br />Commissioners <br />This Annual Report is designed to showcase many of the commercial and in- <br />dustrial businesses that have located in Hugo and other economic develop- <br />ment activity during 2016. The goal of the Hugo Economic Development Au- <br />President <br />thority (EDA) is to create a thriving community with diverse jobs and tax <br />base, brought about by specific emphasis on business retention, business ex- <br />pansion, and business attraction. Hugo's business community is rapidly ex - <br />Vice President <br />panding due to strong residential growth and an attractive business environ- <br />ment. The City had 90 new single-family residential construction building <br />Tom _naway permits and 9 multifamily units. There were 5 commercial and industrial <br />construction permits this year. The valuation of the commercial and industri- <br />al construction completed in 2016 in the City totaled over $3.9 million. In <br />Frank '' this Annual Report the EDA highlights development project updates, EDA <br />business activities, and the marketing of City owned property in downtown <br />Mike Gallivan Hugo. The City of Hugo and the EDA welcome all of the new and growing <br />businesses to Hugo and are excited about the new jobs and services they <br />provide to the community. <br />2016 EDA Goals... <br />In December of each year, the EDA has a goal setting session to set priorities <br />for the year ahead. These become the outline for what the EDA works on and <br />completes through -out the year. Below are the goals which include action <br />items that the EDA worked on throughout the year. <br />• Downtown Redevelopment <br />• Maintain a Business Friendly Environment <br />• Marketing/Promotion of the City <br />• Economic Development Strategic Planning <br />0 Partnerships <br />