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Economic Vitality Committee Agenda and Packet 2020 11 20
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Economic Vitality Committee Agenda and Packet 2020 11 20
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Last modified
11/16/2020 12:04:57 PM
Creation date
11/16/2020 10:27:43 AM
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City Council Records
Meeting Date
11/20/2020
Doc Type
Boards Commissions Committees Records
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4A% I��1 <br />downtown strategies <br />Recruiting Retail & Restaurants to your Downtown <br />Step 2: Create a Business -Friendly Environment <br />• Before actual recruitment can begin, the team must make sure that the district presents <br />itself as an inviting place to do business. <br />• The commercial center must present a quality business environment in order to attract <br />viable businesses and ensure the successful operation of businesses within the <br />commercial center. It must appeal to the rational investor who is seeking to minimize risk <br />and maximize financial return. <br />• Often, this supportive business environment will include incentives to help "level the <br />playing field" with other commercial centers including those developed on the edge of <br />town. <br />Next Steps <br />• Make the environment appealing <br />• Overcome barriers to investment in the District <br />0 Offer incentives Agenda Packet P.46 <br />
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