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Agenda Item 5 <br />Hugo EDA Business Retention and Expansion Program: <br />Program objectives of the 2019 BR&E Program are: <br />To demonstrate support and appreciation for existing businesses (an opportunity to <br />connect the city with the businesses), <br />2. To identify and potentially assist in addressing any immediate business opportunities or <br />concerns (identify any red flag warnings), <br />3. To establish and implement future EDA strategic/work plan action steps (identify priority <br />projects), and <br />4. Identify potential opportunities for new businesses that can complement the existing <br />businesses in the city (vendors and service providers, suppliers and customers). <br />Business Surveys and Site Visits: <br />The Hugo BR&E Program will involve informal business meetings (and possible tours of the <br />business) with the Mayor & staff. Staff would coordinate the business visits. All EDA members <br />will be invited to attend each site visit. Onsite business visits will be conducted with a very <br />informal and short survey. This is an important but informal way for the city to say "Thank you <br />for doing business in Hugo. And ask, are there any opportunities, concerns or issues that you <br />want us to assist you with"? <br />The business visits would begin in 2019 and be ongoing. Updates will be provided to the EDA <br />Board Members on a regular basis, however, the businesses may request that the information <br />shared be treated with confidentiality at any time on an individual basis. All requests for <br />confidentially will be honored. <br />