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REQUEST FOR LA PORTE DEVELOPMENT CORPORATION AGENDA REQUEST FOR LA PORTE DEVELOPMENT CORPORATION AGENDA <br />ITEMITEM <br />November 11, 2015November 11, 2015AppropriationAppropriation <br />Agenda Date Requested:Agenda Date Requested: <br />Source of Funds:Source of Funds: <br />Scott D. LivingstonScott D. Livingston <br />Requested By:Requested By: <br />Account Number:Account Number: <br />Economic Development/TourismEconomic Development/Tourism <br />Department: <br />Amount Budgeted:Amount Budgeted: <br />Report:Resolution:Resolution:Ordinance:Ordinance: <br />Amount Requested:Amount Requested: <br />Exhibits: <br />Budgeted Item:Budgeted Item:YESYESNONO <br />1. Request for Professional Services Request for Professional Services <br />2. Analysis of Initial Bids Analysis of Initial Bids <br />3. La Porte's ED Strategic Plan, May 2009 La Porte's ED Strategic Plan, May 2009 <br />4. La Porte's ED Stategic Plan, PowerPoint La Porte's ED Stategic Plan, PowerPoint <br />PresentationPresentation <br />SUMMARY & RECOMMENDATIONSSUMMARY & RECOMMENDATIONS <br />An Economic Development Strategic Plan is an important cornerstone of any professional economic development An Economic Development Strategic Plan is an important cornerstone of any <br /> professional economic development <br />organization, and it is a necessary tool to acquire certification as an Accredited Economic Development organization, and it is a necessary tool to acquire certification as an Accredited <br /> Economic Development <br />Organization (AEDO).   Organization (AEDO).    <br />Staff recommends pursuing the following steps to formulate and implement a new ED Strategic Plan: Staff recommends pursuing the following steps to formulate and implement a new ED Strategic <br /> Plan:  <br />1.Community Visioning Community Visioning ---- Seek input from the ED Board, other city boards and commissions, City Council, Seek input from the ED Board, other city boards and commissions, <br /> City Council, <br />business community, and citizens regarding desired projects.business community, and citizens regarding desired projects. <br />2.Identify the communityIdentify the community’’s strengths, weaknesses, opportunities, and threats,s strengths, weaknesses, opportunities, and threats, <br />3.Community Assessment (i.e. Where are we now?  What resources do we have to accomplish our vision? Community Assessment (i.e. Where are we now?  What resources do we have to accomplish <br /> our vision? <br /> What do we need to accomplish our vision?) What do we need to accomplish our vision?) <br />4.Formulate Realistic Goals, Objectives, and Strategies to Accomplish Our VisionFormulate Realistic Goals, Objectives, and Strategies to Accomplish Our Vision <br />5.Identify and Prioritize Projects to Accomplish Our VisionIdentify and Prioritize Projects to Accomplish Our Vision <br />6.Report Project Plans to Accomplish Our Vision to the Public and Request FeedbackReport Project Plans to Accomplish Our Vision to the Public and Request Feedback <br />7.Develop Plans of Action with PerformanceDevelop Plans of Action with Performance--Based Metrics to Accomplish Our VisionBased Metrics to Accomplish Our Vision <br />8.Implement the Plans of Action to Accomplish Our VisionImplement the Plans of Action to Accomplish Our Vision <br />9.Monitor and Evaluate the Plans of Action against the Performance MetricsMonitor and Evaluate the Plans of Action against the Performance Metrics <br />10.Annually ReAnnually Re--tool and Adjust the ED Strategic Plantool and Adjust the ED Strategic Plan <br />11.Annually Report Accomplishments to the Public Annually Report Accomplishments to the Public  <br />Steps in bold above identify those for which the Board may wish to consider soliciting the professional assistance Steps in bold above identify those for which the Board may wish to <br /> consider soliciting the professional assistance <br />of an ED Consultant to work with ED Staff. of an ED Consultant to work with ED Staff.  <br />Staff’s objective from the beginning of this discussion to formulate an ED Strategic Plan was to create one that s objective from the beginning of this discussion to formulate an ED <br /> Strategic Plan was to create one that <br />was cost-effective, lean (i.e. not having a lot of fluff), mean (i.e. having a lot of substance), realistic (i.e. based effective, lean (i.e. not having a lot of fluff), mean (i.e. having <br /> a lot of substance), realistic (i.e. based <br />upon available resources and existing constraints), able to implemented, able to be monitored on an annual basis. upon available resources and existing constraints), able to implemented, <br /> able to be monitored on an annual basis.  <br />In preparation for the budget for FY 2015In preparation for the budget for FY 2015--2016, staff assumed that existing reports and plans, most notably the 2016, staff assumed that existing <br /> reports and plans, most notably the <br /> <br />