DATE: September 25, 2024
TO: Honorable Mayor and City Councilmembers
FROM: City Manager's Office
TITLE: APPROVAL OF THE ECONOMIC DEVELOPMENT COMMISSION’S WORK PLAN FOR 2024-2025
RECOMMENDATION
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Staff and the Economic Development Commission recommend that the City Council approve the Economic Development Commission’s 2024-2025 Work Plan.
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BACKGROUND AND ANALYSIS
The Economic Development Commission (EDC) develops its Work Plan of key issues every two years. The key issues outlined in the Work Plan and the focus of activities represent areas that the Commissioners believe have a long-term economic impact for the City.
The EDC’s Work Plan of Key Issues for 2024-2025 is a top-level summary that defines the current objectives of the EDC. The Work Plan outlines key strategic areas and supporting goals. Together, the strategies and goals provide a framework of guidance for the proceedings of the Economic Development Commission.
The EDC has added goals and tasks the Commission feels are important to keeping the City economically viable, including enhanced collaboration with local higher education and leveraging the expanded sports and entertainment industry as it relates to the opening of the Frontwave Arena.
FISCAL IMPACT
Any items requiring expenditures will be brought separately to the City Council.
COMMISSION OR COMMITTEE REPORT
The Economic Development Commission approved this work plan at its August 13, 2024 meeting.
CITY ATTORNEY’S ANALYSIS
The City Attorney’s analysis does not apply.
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Prepared by: Michelle Geller, Economic Development Manager
Reviewed by: Michael Gossman, Assistant City Manager
Submitted by: Jonathan Borrego, City Manager
ATTACHMENTS:
1. Staff Report
2. Workplan