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<br />To: BRaD Members <br />From: Bonnie Star, Economic Development Director <br />Date: February 1, 2010 <br />RE: Goals discussion for 2010 <br /> <br />In December, each of us received the list below from Andrew Freeman containing some <br />suggestions for BRaD goals. I've included some staff comments below each. To aid <br />our discussion, attached is the 2007 Council resolution that established BRaD. It <br />contains some purposes. Finally, attached is the draft work plan presented in <br />December. <br /> <br />1) Continue to reach out to existing companies in Louisville. <br /> <br />Draft City Council goals for 2010 include conducting 40 company visits. <br /> <br />2) Create a stronger partnership with the Chamber that would include the formation <br />of a group similar to the Boulder Economic Council and Broomfield Economic <br />Development Council that is funded privately by the members. <br /> <br />BRaD held a roundtable discussion in 2008 about the different kinds of <br />economic support organizations. Minutes reflect a desire to retain the <br />current model. <br /> <br />3) Review the current economic incentive packages offered - with the goals of <br />helping existing companies grow and the procurement of new companies (hire a <br />consultant) .i.e. company that is looking to create over a 100 new jobs should be <br />able to get some up front assistance based on the positive economic effect of <br />that company over the long term. <br /> <br />Staff intends to review the current "tools in the tool box" over the next <br />several months and may come back with a recommendation to broaden <br />our incentive program. <br /> <br />4) Major focus on a marketing program that targets new business (US and <br />International). <br /> <br />The City's economic development marketing program consists of the <br />City's website, a brochure that is updated annually, attendance at the <br />annual ICSC conference, and membership in the Metro Denver Economic <br />Development Corporation. <br /> <br />7 <br />