2019.08.07 EDC Packet - Laserfiche WebLink

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Housing 4-57 eCONOMIC DeVeLOpMeNt A focus on Economic Development is a key to realizing the City of New Brighton’s vision and in keeping with many of the identified vision plan goals. Economic development efforts in New Brighton must take on the task of making New Brighton a place where a business wants to call home. The City of New Brighton must have a strong “infrastructure” that supports business development and overall quality of life. This “infrastructure” includes more than the typical infrastructure such as roads and utilities. It includes things like: communication technology (band width, fiber, etc.); a critical mass of other innovative businesses leaders; a great park and trail system that offers an escape from the office environment; quality and diverse housing to support a stronger labor force; great community gathering places to meet for socializing or networking; a culture of innovation where new ideas can be explored and cultivated . The Economic Development Commission (EDC) is charged with carrying out economic development related activities. In the past it has focused its efforts on redevelopment and specifically the New Brighton Exchange. As the New Brighton Exchange project is moving towards completion, the City’s efforts will expand into other areas of redevelopment as well as provide programs and initiatives that will support business retention and expansion and will give New Brighton a stronger sense of place to encourage job growth and an increase in the tax base. Objectives & Policies The following are the City’s objectives and policies relative to economic development: ED 1.0 Create new and retain diverse, quality, and good paying jobs ED 1.1 Ensure New Brighton is well connected with modern technology and communication technology so that it can compete in a global market. ED 1.2 Seek partnerships with educational institutions and job training opportunities. ED 2.0 Build and maintain a resilient and enduring tax base ED 2.1 Invest in staffing resources and economic development programs that provide measurable progress towards community objectives. ED 2.2 Collaborate with the community to understand demand for services and business development that provides jobs and tax base AND a desired community services. ED 2.3 Participate in state legislative processes focused on economic development issues. ED 3.0 Create and maintain a healthy and resilient business environment ED 3.1 Partner and collaborate with regional and local economic development agencies and organizations that share similar objectives. ED 3.2 Maintain an open and collaborative dialogue with community MAINTAIN A HEALTHY BUSINESS ENVIRONMENT HAVE A DIVERSE POPULATION