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2. Washington County recognizes that economic development requires a strong infrastructure foundation <br />built on a multi -modal transportation network and access to high-speed broad band networks. <br />Work plan... <br />3. Washington County uses economic development financial incentives in a fiscally prudent manner. <br />Work plan... <br />1. Review and update the existing financial incentive policies: tax <br />1. Explore public-private partnerships to ensure access to high-speed broad <br />band fiber networks throughout the county. <br />increment financing and tax abatement. <br />2. Consider creating a pool of financial resources for unanticipated land <br />acquisition (e.g. right-of-way) needs for economic development projects. <br />support the County's economic development philosophy and principles. <br />3. Continue to pursue multi -modal transportation and transit opportunities <br />that will stimulate economic growth in the County. <br />2. identify present economic development activities of the Housing and <br />3. Washington County uses economic development financial incentives in a fiscally prudent manner. <br />Work plan... <br />4. Washington County realizes that success in economic development is only achieved through a <br />collaborative and inclusive environment. <br />Work plan... <br />1. Review and update the existing financial incentive policies: tax <br />1. Explore the value and purpose of a public/private partnership such as an <br />increment financing and tax abatement. <br />2. Explore the creation of a revolving loan program to support business <br />support the County's economic development philosophy and principles. <br />development. <br />2. identify present economic development activities of the Housing and <br />3. Explore using federal Community Development Block Grant monies for <br />Redevelopment Authority (HRA) and determine what other activities <br />economic development activities. <br />could be directed to the HRA consistent with their mission. <br />4. Washington County realizes that success in economic development is only achieved through a <br />collaborative and inclusive environment. <br />Work plan... <br />=80=rlt�y <br />Washington County Economic Development Strategic Pian 2014 <br />Page 10 <br />1. Explore the value and purpose of a public/private partnership such as an <br />Economic Development Corporation and how it may complement and <br />support the County's economic development philosophy and principles. <br />2. identify present economic development activities of the Housing and <br />Redevelopment Authority (HRA) and determine what other activities <br />could be directed to the HRA consistent with their mission. <br />3. Continue to convene the Economic Development Work Group to address <br />issues of mutual concern and to foster a unified county -wide economic <br />development approach. <br />4. Develop a concept paper on the formation of a Community Development <br />Agency (CDA) and present to the County Board. <br />=80=rlt�y <br />Washington County Economic Development Strategic Pian 2014 <br />Page 10 <br />