HomeMy WebLinkAbout03 Economic Developmentt
February 11, 2012
Economic Development Goals
Our Economic Development Goals fall in three areas:
Collectively, all three areas playa n equally important role...
Business Retention Goals
- Create a retail climate that encourages business
retention with a 5% or less vacancy rate.
- Support existing businesses through continuing
programs focused on educating the public on the value
of supporting local businesses.
- Support home based businesses in their pursuit to
expand and relocate within Cottage Grove.
- Support the growth and expansion efforts of local
retail and industrial uses.
Business Recruitment Goals
- Increase tax capacity per capita to the mean of peer
communities.
- Increase job growth with focus on quality.
- Build out business park and initiate plans for future
business park phases.
- Create a business environment that hosts an expanded
variety of retail and service offerings to assure that patrons
can meet all their needs within Cottage Grove.
- Redevelop and build out Cottage View.
- Redevelop the Rodeo /Rush and Majestic land and other
vacant land along West Point Douglas.
- Increase collaboration, with,otlher outside entities.
Collaboration
❖ Chamber of Commerce
.• Greater MSP
❖ Washington Co Partners
❖ ISD 833
MnSCU — Higher Education
.• Non - profits
Marketing Goals
- Increase metro wide exposure of Cottage Grove
through a comprehensive marketing /branding
campaign.
- Utilize all modes of communication in order to
market the City of Cottage Grove.
Questions...