07-21-08 Special Called Regular Meeting of the Development Corporation Board of Directors

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STUDY APPROACH, contineud support for the Program in the community survey (Step 1), and use this input to guide our advice. The tenants of the Texas Main Street Program will be reviewed and incorporated as needed into the recommendations in this section of the Strategic Plan. While this section will contain recommendations for making directional decisions about the Main Street Business District, it will not provide illustrative or architectural renderings of what the future Main Street will look like. Step 4.5: Implementation Guide This final section of the Strategic Plan will guide the City and local organizations in implementing actions described in Steps 4.1 - 4.4. It will include: . Performance Metrics - The implementation guidelines will include a system for monitoring progress over the 3-year campaign. Metrics will tie back to the goals that we set in the beginning of the Plan - increased prospect activity, improvements to local infrastructure, or improved business retention, for example. . TaskAssignments - The implementation guidelines will assign primary and secondary responsibility for each action item to the City and other local organizations involved in economic development. . Resources and Funding - The implementation guidelines will conclude with a list of the resources and budget needed to implement the 3-year campaign. We will examine potential for promotion assistance through tax policies and economic development incentives. We will recommend the best tools for funding development. This tool kit could include: property and sales tax incentives, tax abatements and TIFs, Public hnprovement Districts, Freeport Exemptions, Foreign Trade Zones, 380 Agreements, Enterprise / Empowerment Zones In addition, this section will list which marketing tools will be required to effectively implement the Strategic Plan and a budget for each. Step 4 Deliverables: A complete Action Plan containing: Community Development and Marketing Action Plan (4.1), Master Plan Review and Action Plan (4.2), Development Policy Review and Action Plan (4.3) Main Street District Action Plan (4.4), and hnplementation Guidelines (4.5). · The complete Economic Development Strategic Plan, which bundles the Action Plan with deliverables completed in earlier steps of the project: Economic Assessment (1.2), Economic Mix Analysis (2.0), SWOT Analysis (3.0), and summary of public input (1.3). PROPOSAL: ECONOMIC DEVELOPMENT STRATEGIC PLAN FOR THE CITY OF LA PORTE. RFP #08510 :5