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HomeMy WebLinkAbout09-28-10City of Lakeville Economic Development Commission Meeting Minutes September 28, 2010 Marion Conference Room, City Hall Members Present: Comms. Matasosky, Longie, Tushie, Vlasak, Schubert, Emond, Starfield, Smith, Ex- officio member City Administrator Steve Mielke, Ex- officio member Chamber of Commerce Executive Director Todd Bornhauser. Members Absent: Comm. Brantly. Others Present: David Olson, Community & Economic Development Director; Adam Kienberger, Economic Development Specialist. 1. Call Meeting to Order Chair Matasosky called the meeting to order at 4:30 p.m. in the Marion Conference Room of City Hall, 20195 Holyoke Avenue, Lakeville, Minnesota. 2. Approve June 22, 2010 Meeting Minutes Motion 10.09 Comms. Tushie / Longie moved to approve the minutes of the June 22, 2010 meeting as presented. Motion carried unanimously. 3. Review Draft 2011 -2013 Strategic Plan for Economic Development Dave Olson reviewed the draft 2011 -2013 Strategic Plan for Economic Development. It was noted that this is the first Strategic Plan to be formulated amidst a recession, so that has had an impact on the number and types of goals outlined in the draft. Comm. Longie asked if any additional money has been budgeted in the 2011 budget for new initiatives in this draft plan. Are there any grants available for marketing plans or other economic development efforts? Mr. Olson responded that additional funding is not included in the proposed 2011 budget and that staff will research the availability of economic development grants for developing a marketing plan. Mr. Olson added that it will be important for the EDC to define a scope for a marketing plan as the range in costs can be significant. Comm. Emond and Comm. Longie noted that it is important to have available funding to implement a marketing plan or it won't be worth much. Economic Development Commission Meeting Minutes September 28, 2010 Comm. Brantly and Chair Matasosky added that the EDC will have to prioritize and thoroughly analyze what it wants to accomplish. Goals need to be identified and then assigned an approximate dollar cost. Comm. Matasosky suggested that EDC should consider formulating a subcommittee to address this strategy and work on identifying marketing goals and costs. Comm. Tushie agreed and stated that he would rather do a marketing strategy the right way and have it fully funded than attempt to do something haphazardly. Mr. Olson concluded that the draft 2011 -2013 Strategic Plan for Economic Development would be forwarded to the City Council for discussion at an upcoming joint work session. 4. Review of Itasca Project Regional Economic Development Entity (REDE) Mr. Olson reviewed a proposal currently in development by the Itasca Project to formulate a REDE for the 13- county Twin Cities Metropolitan Area and western Wisconsin. Steve Mielke added that the Dakota County CDA recently gave a presentation on this project and will likely participate in providing funding to the Itasca Project REDE. He added that while there have some attempts in the past to formulate a regional economic development entity for the Twin Cities, this one is being largely funding by private industry. Ex- officio Member Bornhauser added that it is tough for businesses to deal with Minnesota's corporate tax rates. He added that it is currently very difficult for Minnesota to compete with other regional economic development entities because economic development in Minnesota is severely underfunded. This could be a fundamental shift in how Minnesota and the Twin Cities markets itself. Comm. Tushie noted that it is difficult for a city to fight larger issues that are out of our control. Mr. Olson added that the REDE will market the Twin Cities as a region to help attract businesses to the area. Lakeville has not yet been approached to contribute financially to the project, but if we are, the request will likely be for $25,000 per year based on our population. 5. Director's Report Mr. Olson reviewed the Director's Report. October 25 — 29 is Minnesota Manufacturing Week and Lakeville will once again be hosting a Manufacturers Reception to thank the businesses for being a part of the 2 Economic Development Commission Meeting Minutes September 28, 2010 Lakeville business community. The event is scheduled for Tuesday, October 26 at 4:30 p.m. at the Lakeville Holiday Inn and Suites. Chair Matasosky mentioned that if they are able, EDC members should help call the businesses and encourage them to attend the event this year. 6. Adjourn Chair Matasosky adjourned the meeting at 5:45 p.m. Respectfully submitted by: Adam Kien e Kel Economic D pment Specialist Attested to: , 3