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City of Louisville <br />Economic Vitality Strategic Plan <br />o Maintain master list of businesses visited as well as database of notes based on business feedback <br />received <br />EVD <br />e Provide regular reporting retention to EVC <br />C\yoo <br />COMPLETE FEBR IARY 202 <br />• Create and maintain Available Properties database to assist brokers and interested businesses in seeking <br />EVD <br />Q1 2022; then ongoing <br />#1-7 <br />space <br />o Utilize development of commercial property database to also tag and identify available properties; gather <br />additional market information on priority properties <br />EVD <br />o Produce distributable template to share properties matched with seekers such as brokers and new <br />EVD/Marketing <br />businesses <br />• Create a business communication toolkit, including a Business Resource Guide, to distribute critical <br />#1-8 <br />business information <br />EVD <br />Q2 2022 <br />o Seek input from City departments about most frequent type of interactions with and questions from <br />businesses; develop list of topics for Resource Guide <br />EVD <br />o Use development of Resource Guide to determine what other methods or forms of communications <br />EVD/Marketing <br />should be part of the toolkit (either existing plans, forms, etc. or new items to be created) <br />• Create and review Cost of Doing Business/Development Scorecard to better understand cost of doing <br />#1-9 <br />business in Louisville <br />EVD <br />Q2 2021 <br />o Revisit and complete survey of comparable communities for matrix of total fees that impact most <br />commercial developments <br />EVC/EVD <br />Target Start May <br />o Develop City Council report on scorecard <br />CC/EVD <br />Council Agenda 6/1/21 <br />o Seek to change perception of cost of doing business in Louisville and incorporate highlights from <br />scorecard in marketing materials <br />EVD <br />• Develop understanding of Transit Oriented Development and application to desired outcomes of <br />Q3 2022; then develop additional <br />EVD/EVC/CC <br />#1-10 <br />development within Louisville <br />strategies <br />• Evaluate a program for business incubator or pop-up on City -owned property to encourage small business <br />growth <br />EVC/EVD <br />Q1 2023 <br />o Research regional incubator programs; assess what works well, what does not work well <br />EVD <br />o Develop list of potential properties or spaces for incubator; determine whether to pursue private <br />EVD/EVC/CC <br />property arrangements or limit only to City -owned property <br />o Agree to terms for incubator spaces and determine level of support to be provided <br />EVD/CC <br />o Market program and available spaces for small business start-ups <br />EVD <br />#1-11 <br />• Consider need to evaluate supply/demand of downtown parking <br />EVC/EVD <br />Q2 2023 <br />o Review prior downtown parking lot purchases and current use of land <br />EVC/EVD <br />#1-12 <br />• Facilitate and/or promote strategic special events that drive people to surrounding local businesses <br />EVD/CMO <br />Agenda Packet P. 17 <br />