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2013 EDAAnndi <br />A Year in Review... <br />This Annual Report is designed to showcase many of the commercial and <br />industrial businesses that have located in Hugo and other economic de- <br />velopment during 2013. The goal of the Hugo Economic Development Au- <br />thority (EDA) is to create a thriving community with diverse jobs and tax <br />base, brought about by specific emphasis on business retention, business <br />expansion, and business attraction. Hugo's business community is rapidly <br />expanding due to strong residential growth and an attractive business en- <br />vironment. The City had 52 new residential homes built as well as 4 com- <br />mercial constructions this year. The valuation of the commercial and in- <br />dustrial construction completed in 2013 in the City totaled over <br />$4,000,000.00. The City of Hugo and the EDA welcome all of the new <br />businesses to Hugo and are excited about the new jobs and services they <br />provide to the community. In this Annual Report the EDA highlights the <br />projects approved in 2013, the new businesses that have located in Hugo, <br />EDA events, and a new assessment policy that relates to construction of <br />roads for economic development proposes. <br />2013 EDA Goals... <br />In December, the EDA has a goal setting session to set priorities for the <br />year ahead. Below are the goals which include action items that the EDA <br />works on throughout the year. <br />• Business Retention and Expansion <br />• Continue Marketing of the City <br />• Continue working on downtown redevelopment projects <br />• Establish quality industrial and commercial development <br />Transportation <br />Encourage the County on economic development efforts <br />