Economic Vitality Committee Agenda and Packet 2023 02 17

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pity{)f ECONOMIC VITALITY COMMITTEE Louisv111e COLORADO • SINCE 1878 SUBJECT: DISCUSSION/DIRECTION- EVC PURPOSE STATEMENT DATE: FEBRUARY 17, 2023 PRESENTED BY: AUSTIN BROWN, ECONOMIC VITALITY SPECIALIST SUMMARY: The Economic Vitality Committee (EVC) held a planning session to discuss its purpose statement on January 27, 2023. Staff has compiled the feedback received during this session and has created a draft purpose statement. DISCUSSION: Following the creation of the Economic Vitality Committee (EVC) in 2020, the EVC decided to develop a Purpose and Objectives to guide its work. The original EVC purpose statement is included below: Purpose: The Louisville Economic Vitality Committee (EVC) provides leadership, policy recommendations, and support for the City's programs to promote a thriving business climate that provides job opportunities, facilitates investment, and produces reliable revenue to support City services. During the January 27 session, the group identified the following ideas for consideration in the new purpose statement: • Advocate for local business • Non -political forum • Collaboration • Opportunity • Communication • Recruitment • Community • Results -oriented • Council support • Retention • Entrepreneurship • Revenue generation • Expansion • Workforce • Innovation Based on these ideas, staff has prepared two draft purpose statements for review. The two statements are included below and also in Attachment #1: Statement #1: The Louisville EVC advocates for the local business community and provides a forum for communication between the business community and City Council. The EVC promotes results -oriented collaboration and communication; encourages participation and innovation through thoughtful discussion; and provides opportunities for business retention, expansion, attraction, entrepreneurship, workforce development, and revenue generation that all contribute to a thriving business climate. Agenda Packet P. 6