Business Retention and Development Committee Agenda and Packet 2021 01 04

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CXtY°.f BUSINESS RETENTION AND Louisville DEVELOPMENT COMMITTEE COLORADO -SINCE 1.878 SUBJECT: DISCUSSION- BRaD COMMITTEE PURPOSE AND STRUCTURE DATE: JANUARY 4, 2021 PRESENTED BY: MEGAN E. PIERCE, ECONOMIC VITALITY DIRECTOR SUMMARY: The City Council briefly discussed the ongoing role of the Business Retention & Development Committee (BRaD) in relation to reviewing the Economic Vitality Strategic Plan on November 10, 2020. The Economic Vitality Committee (EVC) was asked to review the continued role of BRaD in light of the ongoing work of the EVC, which was originally created to develop the strategic plan. DISCUSSION: The EVC discussed its purpose and function at its November 20, 2020 meeting. Ultimately the consensus of Councilmembers was that the Economic Vitality Committee had been effective in not only accomplishing the development of a strategic plan but in providing leadership in other areas of economic vitality and policy. The Committee voted to maintain the current structure of its Committee, which includes three Councilmembers. Ultimately the EVC tabled the discussion about BRaD and directed the Committee to discuss its thoughts about a future evolution of the Committee. BRaD last met on December 7 and at that time, three of the four members present supported that BRaD continue, but that it should receive a Council liaison, specifically someone who is a member of the EVC. The fourth member supported a structure where membership of BRaD and the EVC would be merged. Mr. Mark Oberholzer suggested crafting a letter to City Council in support of BRaD's recommendation. As previously noted, the EVC did not take up the BRaD Committee's purpose at its December 18, 2020 meeting; this item is scheduled for discussion on January 15, 2021 @ 1:30 PM. RECOMMENDATION: Discuss any feedback the Committee intends to share with the EVC at its January meeting. ATTACHMENTS: None. Agenda Packet P. 13