2014.03.11 EDA Agenda Packet - Laserfiche WebLink

Home

The foundation of this strategic plan is the policy and guiding principles that drive the strategies and goals of the County. The following policy statement and six guiding principles define the County's economic development planning efforts. These guiding principles are relevant for the present economic environment and are subject to review and change on a periodic basis. Economic Development Policy Statement It is the policy of the Washington County Board of Commissioners to strengthen the County's role and increase its support of economic development in the County. The County will invest staff time and financial resources in a planned, coordinated and strategic manner and will engage in a collaborative and holistic approach to economic development. The County's policies and actions will be guided by silt principles. Economic Development Guiding Principles The following principles are not in rank order of importance. • The private sector is the lead that drives the economy o The County will work in partnership with the private sector • The County will not duplicate or replace the work of cities and other public agencies o The County will work in collaboration with cities and public agencies and will provide leadership where the County can make the most difference • The County supports a strong collaborative approach to economic development o No matter the Iocation, economic development is a benefit to the entire county Business attraction and business retention are essential policy objectives o A balanced approach in each area is required • The diversity of the County requires an adaptable and open-minded approach o The distinctive qualities of the County require flexibility • A deliberate, purposeful and strategic plan is required o The County will take careful and prudent risks to pursue its objectives guided by criteria and policies VII. Wategles and Gals Economic Development Outcomes The County Board has eight outcomes for this Strategic Plan: 1. Retain a premier quality of life for all of residents 2. Create and sustain living wage jobs across all employment sectors 3. Expand the County's property tax base 4. Be a value-added partner to other public and private agencies 5. Allocate appropriate staff time and resources 6. Affect public policy issues that impact the County's economy 7. Expand the County's knowledge and experiences in economic development Washington County Economic Development £trategic Plan 2014 Page 5