Economic Vitality Committee Agenda and Packet 2020 08 21

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LL ECONOMIC VITALITY COMMITTEE LC IouisVi I I e- COLORADO -SINCE 1.878 SUBJECT: DISCUSSION/DIRECTION- ECONOMIC VITALITY STRATEGIC PLAN BRAINSTORMING DATE: AUGUST 21, 2020 PRESENTED BY: MEGAN E. PIERCE, ECONOMIC VITALITY DIRECTOR SUMMARY: One of the priority items on the City Council's 2020 Work Plan is developing an Economic Vitality Strategic Plan, including goals and implementation action items. This plan has been a key focus item for the Economic Vitality Committee (EVC), though plan development paused over the last several months to address business support due to the COVID-19 pandemic. DISCUSSION: On June 2, 2020, the City Council approved the EVC's draft Vision Statement and Strategic Goals. Revised Key Performance Indicators (KPIs) have also been crafted for the Economic Prosperity Program. Based on the outlined planning process, the next area to address are Supporting Actions for each Strategic Goal. Staff has created a presentation included as Attachment #1 to facilitate brainstorming on Supporting Actions. A slide for each Strategic Goal displays possible Supporting Actions the Committee previously reviewed. Staff anticipates the Committee will dialogue about each of the presented actions and also share other ideas. The Supporting Actions may also have sub -actions that are required for completion. Those steps can also be addressed as part of this discussion and would be incorporated into the more tactical plan document staff will ultimately employ to track progress. Depending on time, a future brainstorming session can either continue focus on actions or begin to define priorities and timeframes. RECOMMENDATION: Brainstorm Supporting Actions in support of the adopted Strategic Goals for the Economic Vitality Strategic Plan. ATTACHMENTS: 0 Attachment #1: Economic Vitality Strategic Planning Presentation