EDA Packet 09.19.17 - Laserfiche WebLink

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5 2040 Comprehensive Plan — Ideas for Additions to the Economic Development Chapter What we heard • Need Downtown/Main Street Shopping • Hugo has low taxes • Great Proximity to 1-35E and the Twin Cities • The City should work with Lino Lakes to development the quadrants of 1-35E • Existing businesses, especially downtown, are a resource • There is a lack of restaurants/entertainment uses • Good infrastructure (trails, parks, roads, utilities) • The City should support business development and increase commercial tax base • Need more corporate business for a day time population • The City has done a good job planning commercial and residential • No transportation options • The vision of Hugo needs to include business development • The business development and plan for downtown Hugo needs to be something that can be executed Urban Land Institute (ULI) MN — Navigating your Competitive Future Workshop • Economic development is about what a community has rather than what it lacks • Hugo is on the periphery of the metro area industrial and retail market and development opportunities in other areas may need to be absorbed first • Hugo has done a great job of not forcing development before the market is ready • The number of medical/dental uses is impressive and provides a foundation for other related uses • Data centers may be an economic development opportunity for the City. • Small manufacturing startups are typically looking for existing buildings rather than development opportunities • The economics of housing often make new market rate rental projects difficult in many settings • Mixed use development, with housing as an integral part, may be a desirable use in the downtown area • It's OK to say no • Successful communities develop a clear vision, react appropriately to opportunities, create innovative financial tools and leverage their key assets • Involve the Next Generation in decision making • The City's involvement in (re)development can take many forms • Not all communities need to or should look the same. Work to preserve Hugo's character and amenities • Capitalize on Hugo's assets as a brand — "an urban environment in a rural setting."