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Economic Development Plan <br />The following implementation strategies will be used to carry out the Economic <br />Development Plan. <br />Parks, Trails and Open Space Plan <br />The following implementation strategies will be used to carry out the Parks, Trails and <br />Open Space Plan. <br />ECONOMIC DEVELOPMENT PLAN (CHAPTER 6) <br />IMPLEMENTATION STRATEGIES <br />No. <br />Description <br />Timing <br />1 <br />Strategic Plan. Update long-term strategic plan for economic <br />On-going <br />development within the City. <br />Ongoing <br />2 <br />SWOT Analysis. Continue to identify strengths, weaknesses, <br />On-going <br />2 <br />opportunities and threats to business retention and development. <br />3 <br />Survey Business Owners. Conduct an outreach survey to <br />Short <br />business owners to identify barriers and opportunities. <br />Ongoing <br />4 <br />Identify Target Business Market. Identify the desirable <br />Short <br />3 <br />businesses using the SWOT analysis and survey results. <br />5 <br />Market Hugo. Prepare and implement a marketing plan to attract <br />Short <br />and retain desirable businesses in Hugo. Collaborate with business <br />4 <br />associations and neighboring communities on a regional strategy. <br />Ongoing <br />6 <br />Incentives Policy. Create a policy for the use of financial <br />Short <br />incentives within the City. <br />Short <br />Parks, Trails and Open Space Plan <br />The following implementation strategies will be used to carry out the Parks, Trails and <br />Open Space Plan. <br />Chapter 13:. 13-5 <br />Implementation Plan <br />e HIT <br />PARKS, TRAILS AND OPEN SPACE PLAN (CHAPTER 7) <br />IMPLEMENTATION STRATEGIES <br />No. <br />Description <br />Timing <br />1 <br />Collaboration. Continue to work with other public, private and non- <br />profit groups and agencies to enhance the City's limited resources and <br />Ongoing <br />enhance the programs and facilities available to residents. <br />2 <br />Maintain the Parks and Trails System. Maintain the quality of the <br />existing park and trail system and fund the replacement of buildings, <br />equipment and trails. Determine priorities and plan for short-term <br />Ongoing <br />funding needs through the annual review of the CIP. <br />3 <br />Greenways. Establish Greenway Corridors in the City through <br />dedication of land as property develops or though land dedication by <br />Ongoing <br />property owners. <br />4 <br />Trails. Complete the trail corridors shown on the Trail Plan. <br />Ongoing <br />5 <br />Park Dedication Policy. Review the City park dedication policies and <br />ordinance to establish new park dedication requirement in compliance <br />Short <br />with State Law to provide for the park needs of new development. <br />Chapter 13:. 13-5 <br />Implementation Plan <br />e HIT <br />