Business Retention and Development Committee Agenda and Packet 2010 10 04

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Pursue all leads for relocating businesses to Louisville, including but not limited to those found through local, regional and national business journals, those suggested by citizens and developers, and referrals from Metro Denver EDC. Maintain active network with local commercial property owners and area commercial brokers. Solicit establishments to fill available retail space. Participate in Metro Denver EDC activities, such as site selection conferences. Supporting Comprehensive Plan policies: ED 3.1, 3.3, 3.5 Partnerships – The City of Louisville can not operate a successful economic development program alone. It requires partnerships with other business organizations with similar goals, such as the Chamber of Commerce, the Downtown Business Association, Metro Denver EDC, and local merchant organizations. In addition, staff must maintain connection with the commercial brokerage community in order to facilitate leasing and sale of retail outlets and employment space. Within the City, various departments can play a role in either helping or hindering economic vitality. The message heard from City Hall must be consistently supportive of business. As well, community organizations such as the schools and the Louisville Revitalization Commission are vital contributors to our economic health. Partnership Work Plan Elements: Target Street Faire Audience and promote downtown. Consider an expansion of BRaD membership to involve members who represents primary employers. Keep Louisville Revitalization Commission apprised of economic development activities. Supporting Comprehensive Plan policies: ED 2.2, 3.4, 3.6, 4.1, 4.2, 4.3, 4.4, 5.1, 5.2, 5.3, 5.4 Reporting/Assessment – Developing and maintaining accurate information on the business community is important in order to identify trends and take proactive steps to improve the local economy. Such information also allows us to recognize our competitive economic advantage. Periodic evaluation of our efforts will keep us viable and relevant. Reporting/Assessment Work Plan Elements: Provide regular economic development reports to BRaD and City Council. Distribute regional economic development studies to BRaD and Council as appropriate. Conduct a Louisville Developer Round Table to obtain feedback from local developers. Develop and maintain accurate information data base of Louisville businesses, including employment.