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pity{)f ECONOMIC VITALITY COMMITTEE <br />Louisv111e <br />COLORADO • SINCE 1878 <br />SUBJECT: DISCUSSION/DIRECTION- ECONOMIC VITALITY COMMITTEE <br />WORK PLAN <br />DATE: FEBRUARY 17, 2023 <br />PRESENTED BY: AUSTIN BROWN, ECONOMIC VITALITY SPECIALIST <br />SUMMARY: <br />The Economic Vitality Committee (EVC) previously discussed creating its own work <br />plan, which will be guided by the existing Economic Vitality Strategic Plan, as well as <br />the 2023 City Council Work Plan. City Council set its 2023 Work Plan on January 17, <br />2023. <br />DISCUSSION: <br />Following the creation of the Economic Vitality Committee (EVC) in 2020, the EVC <br />decided to develop a Purpose and Objectives to guide its work. These statements are <br />included below: <br />Purpose: The Louisville Economic Vitality Committee (EVC) provides leadership, <br />policy recommendations, and support for the City's programs to promote a <br />thriving business climate that provides job opportunities, facilitates investment, <br />and produces reliable revenue to support City services. <br />Objectives: <br />1) Facilitate the development of an Economic Vitality Strategic Plan, including <br />goals and specific supporting actions. <br />2) Make recommendations in support of the City's Economic Prosperity Program <br />by maintaining positive business relationships; assisting property owners, <br />brokers, and companies in finding locations and/or constructing new buildings; <br />and attracting/retaining a diverse mix of businesses that provide employment <br />opportunities for Louisville residents. <br />3) Monitor progress toward the Economic Vitality Strategic Plan goals through <br />Key Performance Indicators and annually review prioritization. <br />With the established Purpose and Objectives in mind, the EVC then focused on <br />developing its Vision Statement and Strategic Goals, which were used to guide the <br />creation of the Economic Vitality Strategic Plan. The final Vision Statement and <br />Strategic Goals are included below: <br />Vision Statement: Louisville is dedicated to producing reliable revenue to <br />support City services which enhance our quality of life by fostering an economic <br />environment that generates high quality jobs, innovative companies, and a <br />diversity of businesses, employees, and customers. <br />Agenda Packet P. 9 <br />