Economic Vitality Committee Agenda and Packet 2020 02 05

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Economic Vitality Committee Meeting Minutes January 22, 2020 Page 3 of 4 IX. Discussion on ICSC RECon 2020: Director Pierce noted that the International Council of Shopping Centers is holding its annual retail-focused conference on May 17-20. The City typically attends this event in order to meet with representatives and brokers of existing businesses as well as recruit new businesses that may be a fit in Louisville. Mayor Stolzmann said the City needs to have a strategy in place for what it hopes to accomplish, including setting up meetings ahead of time and having specific marketing materials. Susan Loo and Mike Kranzdorf, residents, expressed that the City should not expect to get a tremendous amount of benefit from such meetings. Mr. Clark suggested the conference may make sense for recruiting businesses to the McCaslin Corridor, but now Old Town. He suggested the City should be recruiting businesses from places like Lyons and Aspen. Mr. Tienken said that business assistance packages and economic development agreements really skew the playing field because Louisville is not offering big money like Lafayette and Broomfield. Council Member Dickinson said the City definitely needs to have a conversation around how aggressive to be in recruitment and that when a decision is made, the Council should understand the potential consequences. Mr. Clark suggested that the City host an event like a job fair, because there may be untapped local residents interested in starting a business. X. Discussion on Economic Vitality Strategy (Draft): Council Member Dickinson said that the Committee desires direction as to what it will present to Council as the Economic Vitality Plan. On Goal #1, Council Member Dickinson suggested there should be inclusion of sustainability and community building. Mayor Stolzmann suggested this goal may require frank discussions around regional issues like liveability, affordability, and minimum wage. The Mayor and Council Members discussed the inclusion of “growth” in this goal; they suggested putting the focus on a sustainable economy or economic sustainability. On Goal #3, Council Member Maloney suggested that the City needs to be more agile and that not all actions should go through the series of boards and commissions. Council Member Dickinson said they should consider how the groups (like BRaD and LRC) can be a tool for collaboration. Based on time, Council Member Dickinson suggested that each member said feedback on the draft goals and priorities to Director Pierce. She would incorporate that feedback for consideration at the next meeting. Packet P. 4