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Steering Committee Meeting Economic Development Challenges

Steering Committee Meeting Economic Development Challenges. February 4, 2010. Top 10 Weaknesses. Clear Cut Weaknesses. Create a strategy for improved Economic Diversity Create a strategy for Retail Expansion

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Steering Committee Meeting Economic Development Challenges

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  1. Steering Committee MeetingEconomic Development Challenges February 4, 2010

  2. Top 10 Weaknesses

  3. Clear Cut Weaknesses • Create a strategy for improved Economic Diversity • Create a strategy for Retail Expansion • Identify and capitalize on available resources to create business/industrial park opportunities • Improve awareness of investment capital for business growth • Create business friendly regulation environment • Assess quality child care needs and develop strategies for solutions • Explore Design Plan options and develop strategies

  4. Weaknesses that should be under one Initiative • Negative Image – Aesthetically • Geographic location is such that it is difficult to attract new industries and development, as well as its impact on tourism growth • Urban sprawl without clear retail center

  5. Weaknesses under Specific Clear Cut Issues • Negative image – boom/bust mentality = Industry Diversification • Below the critical mass (50,000 residents) = Industry Diversification • Leakage of money out of our community for goods and services due to lack of outlets = Lack of Retail Diversification

  6. Weaknesses that are hard to categorize under E.D • Relatively high cost of living • Negative image – socially

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