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2014.03.11 EDA Agenda Packet
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2014.03.11 EDA Agenda Packet
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Commissions
Meeting Date
3/11/2014
Document Type
Agenda/Packets
Commission Name
EDA
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Economic Development Strategises <br />Strategies are essential public policy priorities that precede goals and action steps. Typically they <br />are long-term in -nature and are fairly constant in their intent and pursuit. The optimal way to <br />introduce strategies is through the eight functional economic development categories that <br />emerged from the stakeholder input process. The eight categories reflect the marketplace of <br />opportunity for the County and general consensus is it makes good common sense to use these <br />designations as the foundation for the strategies. The strategies are not ranked in order of <br />importance.' <br />Each strategy is followed by a couple goals. Goals are a measurable and desired activity, project <br />or purpose that requires resources (time and/or money). Action steps are individual steps and <br />activities necessary to implement a goal, accomplish a strategy, operationalize the mission and <br />fulfill your vision. Specific action steps are continuously evolving and changing as they are <br />completed. The role of local government in economic development must be viewed in both a <br />short- and long-term perspective. In this, Washington County's first economic development <br />strategic plan, the focus is on short-term actions that support and sustain a long-term investment. <br />1 For additional information and details on each strategy please read the December 12 and January 28 Board documents. <br />Washington County Economic development strategic Plan 2014 <br />Page 8 <br />Organization <br />1)escripflon <br />Board <br />Economic <br />EDAs were created to facilitate a well-rounded development <br />County appoints <br />Development <br />program by taking advantage of some of the Port Authority <br />Commissioners — if a <br />Authority <br />powers and all of the HRA powers. By combining and utilizing <br />5 member board, at <br />(EDA) <br />HRA, EDA and County powers, community leaders are able to <br />least 2 County <br />create flexible business assistance and development programs. <br />Commissioners must <br />EDAs for example, are allowed, to buy and sell property; make <br />serve <br />loans and grants to businesses; provide guarantees or other <br />credit enhancements; and to sell bonds. <br />Although Economic Development Authorities were originally <br />designed to meet the needs of cities, special legislation has <br />been granted to several counties to establish economic <br />development organizations, in addition to housing authority <br />powers, or Community Development Authority's. The EDA <br />may employ an executive director and other staff. <br />Housing <br />An HRA is a legal entity created by a City Council, County or <br />County appoints <br />Redevelopment <br />Area to provide a sufficient supply of adequate housing for <br />Commissioners; HUD <br />Authority <br />low -to -moderate income families and individuals. They are <br />requires a <br />(HRA) / <br />also charged with clearing and redeveloping blighted areas <br />Commissioner to be a <br />Community <br />throughout the community. The board may be a citizen's panel, <br />participant in the <br />Development <br />the County Board or a combination thereof. HRAs also have <br />Housing Choice <br />Agency <br />limited powers that may be used for business development. <br />Voucher Program or <br />Special legislation has been used to add economic <br />Public Housing <br />development powers to become a community development <br />Program where the <br />agency (CDA). May require additional staff at the HRA. <br />HRA acts as Public <br />Housing Authority, <br />Economic Development Strategises <br />Strategies are essential public policy priorities that precede goals and action steps. Typically they <br />are long-term in -nature and are fairly constant in their intent and pursuit. The optimal way to <br />introduce strategies is through the eight functional economic development categories that <br />emerged from the stakeholder input process. The eight categories reflect the marketplace of <br />opportunity for the County and general consensus is it makes good common sense to use these <br />designations as the foundation for the strategies. The strategies are not ranked in order of <br />importance.' <br />Each strategy is followed by a couple goals. Goals are a measurable and desired activity, project <br />or purpose that requires resources (time and/or money). Action steps are individual steps and <br />activities necessary to implement a goal, accomplish a strategy, operationalize the mission and <br />fulfill your vision. Specific action steps are continuously evolving and changing as they are <br />completed. The role of local government in economic development must be viewed in both a <br />short- and long-term perspective. In this, Washington County's first economic development <br />strategic plan, the focus is on short-term actions that support and sustain a long-term investment. <br />1 For additional information and details on each strategy please read the December 12 and January 28 Board documents. <br />Washington County Economic development strategic Plan 2014 <br />Page 8 <br />
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