Business Retention and Development Committee Agenda and Packet 2020 12 07

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City of Louisville Economic Vitality Strategic Plan o Produce quarterly report in the month following the end of each quarter EVD • Conduct regular business retention visits to understand issues and address concerns EVD/BRaD Ongoing o Maintain master list of businesses visited as well as database of notes based on business feedback received EVD o Provide regular reporting on retention to BRaD Committee and EVC EVD • Create and maintain Available Properties database to assist brokers and interested businesses in seeking EVD Q1 2022; then ongoing space o Utilize development of commercial property database to also tag and identify available properties; gather additional market information on priority properties EVD o Produce distributable template to share properties matched with seekers such as brokers and new businesses EVD/Marketing • Create a business communication toolkit, including a Business Resource Guide, to distribute critical business information EVD Q2 2022 o Seek input from City departments about most frequent type of interactions with and questions from businesses; develop list of topics for Resource Guide EVD o Use development of Resource Guide to determine what other methods or forms of communications EVD/Marketing should be part of the toolkit (either existing plans, forms, etc. or new items to be created) • Create and review Cost of Development Scorecard to better understand cost of doing business in Louisville EVD Q2 2021 o Revisit and complete survey of comparable communities for matrix of total fees that impact most commercial developments EVD o Develop City Council report on scorecard CC/EVD o Seek to change perception of cost of doing business in Louisville and incorporate highlights from scorecard in marketing materials EVD • Develop understanding of Transit Oriented Development and application to desired outcomes of Q3 2022; then develop additional development within Louisville EVD/EVC/CC strategies • Evaluate a program for business incubator or pop-up on City -owned property to encourage small business growth EVC/EVD Q1 2023 o Research regional incubator programs; assess what works well, what does not work well EVD o Develop list of potential properties or spaces for incubator; determine whether to pursue private property arrangements or limit only to City -owned property EVD/EVC/CC o Agree to terms for incubator spaces and determine level of support to be provided EVD/CC o Market program and available spaces for small business start-ups EVD • Consider need to evaluate supply/demand of downtown parking EVC/EVD Q2 2023 o Review prior downtown parking lot purchases and current use of land EVC/EVD • Facilitate and/or promote strategic special events that drive people to surrounding local businesses EVD/CMO Q1 2024 Agenda Packet P. 11