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Independent Economic Development Task Force

Independent Economic Development Task Force. Meeting 6 September 18, 2013. K. Gleasman. Agenda. Review and approve meeting notes from Mtg #5 Status agency discussions (progress from 9/11/13) – All Iterate Definition of Economic Development Decision criteria Targeted company profile

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Independent Economic Development Task Force

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  1. Independent Economic Development Task Force Meeting 6 September 18, 2013 K. Gleasman

  2. Agenda • Review and approve meeting notes from Mtg #5 • Status agency discussions (progress from 9/11/13) – All • Iterate • Definition of Economic Development • Decision criteria • Targeted company profile • Calendar • Other topics from task force • Public Comment • Adjourn

  3. Review and approve meeting notes from Mtg #5

  4. Status for agency discussions • On average in less than 5 minutes per; focus on progress since 9/11/13…. • Connection made? • Date of next board meeting? • Any issues? • Other progress relative to these discussions

  5. Iterate: Definition of Economic Development “Economic development is a process by which a community creates, retains, and reinvests wealth, and improves the quality of life.” David Dodson, MDC Inc, Chapel Hill, NC

  6. Iterate: decision criteria for EDO decision • Covers all seven elements of solid approach to economic development • Recruitment • Existing Industry Effort • Small Business Development • Entrepreneurial Development • Workforce Development • Culture Creation • Vision/Leadership/Accountability • Anticipated good return on financial investment • Great utilization of human capital • Including great value of our volunteers • Able to attract investment and reinvestment • Responsive to community we’re doing this for • Easy to access – User friendly • Obvious – easy to explain/understand • Facilitates economic development not necessarily creates economic development • Addresses the whole of the county • Clear communication and cooperation amongst parts

  7. Iterate: Targeted company profile Target Company Profile • Rev range: $5M - $50M • Number of employees: 1-150 • Retention/expansion of current businesses • Quality of place is big draw

  8. Other topics from task force members

  9. Public Comment

  10. Adjourn

  11. Calendaring Future Topics As we consider these; let’s keep in mind roadmap to complete assigned tasks. What role do these topics play in refining or augmenting the steps along thepaths? What is appropriate timing – now, soon, later? • Mountain Bizworks - later • Lean Startups - later • Rails to Trails - later • Other

  12. Targeted industry brainstormed list 9/4/2013

  13. Roadmap to complete 3 tasks • Have brainstormed list of 25 targeted industries • Reviewed and modified: • TC Assets • TC Challenges • Targeted companies profile • Approach to econ development • Branding • Marketing 9/11/2013 underway

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