Lakeville City Council Work Session 9-23-24
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
Full Document Analysis
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
I want the information to go to them sooner to get their feedback on helping us make a decision
People (4)
TinaCity StaffLeading the development of the 4-year economic plan and coordinating with the EDC.
1 quote
Leading the development of the 4-year economic plan and coordinating with the EDC.
“it's really pretty endless um how you could utilize These funds so that is really the purpose”
Discussing the potential uses of levy funds for economic development.
JoshuaCity Council MemberFocusing on data gaps regarding home-based businesses and industry targeting.
1 quote
Focusing on data gaps regarding home-based businesses and industry targeting.
“if we ever getting down into using this data for you know targeting certain industries I think that's kind of an interesting relationship”
Analyzing industry indexing data for Lakeville.
TammyCity Staff/Finance LeadProviding expertise on Eda/HRA taxing authority and levies.
1 quote
Providing expertise on Eda/HRA taxing authority and levies.
“the Eda Levy is actually levied by the city council and appropriated to whether it's the Eda or H whatever you call it”
Explaining the mechanism of special taxing districts.
KatieCity StaffPartnering with Tina on the BRE program and broker outreach.
Partnering with Tina on the BRE program and broker outreach.
Places Mentioned
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)
Proposed creation of an Economic Development Authority (EDA) and implementation of an Eda/HRA levy.