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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 />G Ramse Pad (DeLe including <br />€V <br />rnnnol E T E P.A.A.v 202 <br />awareness of existing approved sites and ' updated pwpeFty <br />arketi.... materials from owneFs <br />COMPLETE II II V 202 <br />• Determine futuFe ICSC RECE)n fer & brand business- <br />EV <br />rnnnol ETE OCTORPR �Wl <br />paFticipation at events Fetail Feewitment national <br />retention <br />o Create dashboard report for recruitment/attraction efforts <br />EVC/EV <br />Re-evaluate 2023 <br />o Evaluate developing company profiles and narratives (business case) to use in recruiting like <br />companies/industries <br />EV <br />o Consider window display sponsorship to showcase community and property information in key vacant <br />storefronts <br />EV <br />Re-evaluate 2023 <br />#1-2 <br />Develop targeted business to distFibute to business lead <br />€V <br />COMPLETE <br />mad(eting and attraction mateFials FeeFuiitment <br />G Review data <br />� <br />rnnnol ETE MAY �n�� <br />past mad(eting and pFarnatianal mateFials; gatheF comparable examples; and prepare <br />/.J,. w....r.-... I. i., a.I(,.t etc.) r,.. inclusion <br />DeterminetaFget develop <br />� <br />rnnnol ETE P.A.A. 202 <br />and <br />^YI,^ting samples <br />G Post final to "Doing Business" the tO <br />E-V <br />COMPLETE II II V 202 <br />rnateFials appFalariate places an seetiOn Of webSite; Send <br />distribution IE)Eal brokers businesses; data that <br />of and pFeviausly engaged new and meniter will nee,6 <br />#1-3 <br />Evaluate Business Assistance PFogFam to the City's <br />nr� <br />COMPLETE <br />and potentially revise align with stFategie goals <br />business attFacti,,n and retention <br />G FaEilitate EVC disEussion deterMine fE)F data <br />EVC/Ev <br />COMPLETE AUGUST ST 202 <br />about pros and eans of existi ng pFagrarn; any needs OF <br />to suppeA <br />G Schedule City Council inEluding infoFmation fFarn EVC the BAP_ <br />CC/EVC/EV <br />� <br />COMPLETE OCTORER 2021 <br />evaluation,analysis <br />pFagrarn as well as annual <br />by (should include <br />analysis pFepared staff also comparative <br />G Use input to develop for fallow Council discussion <br />Fj(C/Ey <br />rnnn Dl E T E DErEnn QED 7071 <br />pregFam altematives up and/or approval of new- <br />G Revise ' Grants the Daing Business <br />E-tl' <br />rnnn Dl E T E MnDru 7077 <br />nEentoves and seeti an of webpages; eFeate new pregFam package and <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 />Q1 2023 <br />PX44 <br />COMPLETE NOVEMBER 202 <br />Agenda Packet P. 13 <br />