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City of Louisville <br />Economic Vitality Strategic Plan <br />Strategic Goal #1 <br />Measures (KPIs) <br />Focus retention and attraction strategies on underutilized retail spaces, blighted properties, and long- <br />term Vacancies <br />• Commercial vacancy rate (retail, office, industrial) <br />• In -City sales tax per capita <br />• Percentage of Business Assistance Package incentive dollars <br />rebated of total tax revenues generated by BAP recipients <br />Identifier <br />Supporting Actions/Tasks <br />Responsibility <br />Target Start <br />#1-1 <br />• Develop shortlist of priority businesses to guide recruitment efforts <br />EVC/EV <br />ONGOING <br />COMPLETE MAY 2021 <br />' <br />n D.-... Wc- /"..­. r. ! u . elate a etentie expansien nd -.t FartM..R 4fAF#; <br />E-V <br />/"nnADl CTC II II V ']n']'I <br />o Determine participation at future ICSC RECon events for retail recruitment & national brand business <br />retention <br />EV <br />rnnnDl CTC nrTnDED 2021 <br />o Create dashboard report for recruitment/attraction efforts <br />EVC/EV <br />Ta <br />o Consider window display sponsorship to showcase community and property information in key vacant <br />storefronts <br />EV <br />Re-evaluate 2022 <br />#1-2 <br />E-V` <br />1 <br />E-� <br />('nnADl CTC MAY ;�mn <br />(.J..w......-.. hie aFket et..) f9F 7 .,lwsien <br />{-V <br />COMPLETE MAY 202 <br />-„-I�„t� sam�I .A,O ,ig <br />es <br />AR <br />rnnnDl CTC n II v Pmn <br />Af 'Aral brAkpr,; businesses; data that v4l! <br />nd pFeyieusly engaged new and Fnenker need Feutinely <br />plot.. to I....,...aat.,4a4 4 e&h <br />#1-3 <br />• Evaluate and potentially revise Business Assistance Program to align with the City's strategic goals for <br />business attraction and retention <br />CC/EVC <br />Q3 2021 <br />C�V <br />CO ADl CTC AUGUST ICT 2021 <br />analysis t.. .-��.......-t <br />!'C/EVC/EV <br />� <br />/" nnADl CTC QCT-QRCD 202- <br />pfegFams) <br />o Use input to develop program alternatives for follow-up Council discussion and/or approval of new <br />program criteria <br />EVC/EV <br />In Process <br />o Revise Incentives and Grants section of the Doing Business webpages; create new program package and <br />application based on changes adopted <br />EV <br />Target Start January 2022 <br />#1-4 <br />• Identify priority properties/areas (such as Sam's Club, Kohl's, Cinebarre, and Village Square) for focus of <br />any City attraction efforts or influence to private redevelopment undertakings <br />CC/EVC <br />Q4 2021 <br />&Vc4v <br />C;QMPI CTC AIQVF ADCD;IA2 <br />o Seek input from City Council on EVC priority properties/areas, with potential consideration of <br />public/private partnerships <br />CC/EV <br />Council Agenda 12/7/21 <br />Agenda Packet P. 12 <br />