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