Lakeville City Council Work Session 9-23-24
Thursday, May 8, 2025
Economic Development Commission 2025-2029 Strategic Plan Review
Establishment of a formal Business Retention and Expansion (BRE) program
Infrastructure investment for utility and road expansion
Potential creation of an Economic Development Authority (EDA)
Utilization of Tax Increment Financing (TIF) and HRA funds
Workforce development and attraction strategies
Transportation and microtransit options for business districts
Support for home-based business transitions
Strategies to enhance local tax base and job creation
Infill and commercial district development (Heritage Commons)
Integration of Finance Committee into long-term economic planning
Notable Quotes (2)
we've been wanting to create this plan and work with the EDC to you know get a recommendation from them if it's a priority of of theirs
Strategic PlanningPresenting the draft economic development plan.
I want the information to go to them sooner to get their feedback on helping us make a decision
Finance OversightRequesting earlier involvement of the Finance Committee.
People (4)
TinaCity Staff
Leading the development of the 4-year economic plan and coordinating with the EDC.
JoshuaCity Council Member
Focusing on data gaps regarding home-based businesses and industry targeting.
TammyCity Staff/Finance Lead
Providing expertise on Eda/HRA taxing authority and levies.
KatieCity Staff
Partnering with Tina on the BRE program and broker outreach.
Places Mentioned
LakevilleCounty Road 70Heritage Commons179th and CedarOakdaleWoodbury
Events & Meetings (3)
- Late August: Economic Development Commission meeting
- Winter 2024/2025: Scheduled rollout of the BRE program
- January 2025: Targeted start of microtransit model evaluation
Ordinances & Resolutions (1)
Goal 1A
Proposed creation of an Economic Development Authority (EDA) and implementation of an Eda/HRA levy.