Economic Vitality Committee Agenda and Packet 2020 02 17

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Economic Vitality Committee Meeting Minutes January 22, 2020 Page 2 of 3 Mike Kranzdorf, property owner, said that ICSC is primarily for brokers looking to make deals and that four people would be a lot to attend the single event. There was general consensus that the Purpose and Objectives as outlined in the staff report were satisfactory. Council Member Maloney arrived at 2:59 p.m. VII. Discussion- Economic Vitality Strategy: Council Member Dickinson noted that the Committee had started discussion of goals toward the end of the last meeting and that today would take a step back from specific actions to have more consideration about the broader goals. Mayor Stolzmann said it was important to review and try to incorporate the existing Economic Prosperity Program Goal from the Budget framework. That Program Goal states: “Promote a thriving business climate that provides job opportunities, facilitates investment and produces reliable revenue to support City Services.” In addition, the Program Objectives state: “Maintain positive business relationships throughout the community and assist property owners, brokers, and companies in finding locations and/or constructing new buildings in the City. Attract and retain a diverse mix of businesses that provide good employment opportunities for Louisville residents.” Council Member Maloney said he felt the previous goals were more about verbs and action and less about what we want for the community. He suggested the goals relate to three areas: 1) Support businesses; 2) Support employees; and 3) Support quality of life in the City. He said the intersection of those items needs to be defined. He displayed the concepts as three intersecting circles visually and said the middle where all overlap is where the City should invest. Council Member Dickinson shared a statement and goals he had drafted following the last meeting. The statement read: “Louisville will work with local businesses and regional partners to foster an economic environment that produces high quality jobs, sustainable revenue, innovative companies and a diversity of businesses, employees and customers. In this effort, Louisville will continue to encourage and incentivize projects that are environmentally conscious, increase community engagement and mitigate the negative impacts of growth on our small town character.” The goals he shared included: “1) Encourage and invest in projects that will have a positive long term impact on the city budget; 2) Encourage and invest in a diverse collection of businesses and industries that provide high quality jobs; 3) Encourage and invest in projects that focus on environmentally sustainable practices including construction, operation, and transportation; 4) Encourage and invest in innovation and entrepreneurial activity that propels business into the future; and 5) Encourage and invest in projects that create a sense of place and invite community engagement.”