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CR 96-08 Strategic Plan Economic DevelopmentJanuary 8, 1996 Proposed Action STRATEGIC PLAN FOR ECONOMIC DEVELOPMENT Council Report 96 -08 Staff recommends adoption of the following motion: Move to accept the revised Strategic Plan for Economic Development for the City of Hopkins. Approval of this action will finalize revisions and modifications that have been made to the City's Strategic Plan for Economic Development over the past six to eight months. Overview The City's first Strategic Plan for Economic Development was adopted in 1992. At that time, it was anticipated that upon completion of an approximately two -year time period, the Strategic Plan would be revised in order to reflect changes, which may have occurred, that could affect the City's strategic efforts in economic development. With this in mind, a Strategic Plan Review Committee was formed early in 1995, and undertook the task of revising and modifying the original Strategic Plan document. Revisions and modifications have been completed, and staff is requesting and that the Council accept the revised Strategic Plan for Economic Development. This item was continued in November 1995 in order to solicit further input from the public. Primary Issues to Consider o What has been done to induce public input on the Plan? o What are the major revisions that have been suggested by the Strategic Plan Review Committee? o What is the future process? Supporting Documents o Revised Strategic Plan Paul T. Steinman Community Development Specialist Council Report 96 -08 Page 2 Primary Issues to Consider o What has been done to induce public input on the Plan? The intent of this meeting on January 16 is to provide an opportunity for the public to comment on the revised Plan prior to action being taken on this issue You will recall that this item was continued in November 1995 in order to attempt to solicit further input from the public. A memo was mailed to the Committee members again, asking that they solicit input from their respective organizations on the revised Plan and bring this information forward at the Council meeting on January 16 o What are the major revisions that have been suggested by the Strategic Plan Review Committee? As can be seen in the revised Strategic Plan, the five major issues identified in the original plan have been retained. These issues are: Business Retention/Recruitment Neighborhoods County Road 3 Mainstreet Citywide Image It was discussed by the Strategic Plan Review Committee that the major economic development issues facing the City of Hopkins have not changed significantly since inception of the Strategic Plan. Goals and supporting action steps under each of these major issues were modified, however, to reflect specific changes in the economic development environment. The plan also was revised to reflect action steps that may have been undertaken and fully accomplished since adoption of the original Strategic Plan. The addition of a sixth major issue, Youth/Family, to the Strategic Plan created a significant amount of discussion among the Review Committee. A description of five specific action steps related to Youth/Family allowed the Review Committee to agree that such an issue is an appropriate economic development strategy; therefore, the Strategic Plan Review Committee supports the inclusion of the following major issue, goal, and action steps as part of the City's revised Strategic Plan for Economic Development: YOUTH /FAMILY Foster an environment of awareness in the community regarding the importance of youth to our social and economic viability. The need for a strategic focus on the broad variety of youth - related issues requires the participation of all segments of our community Youth play an especially important role in the economic development of a community. To create a progressive environment for economic development, it is Council Report 96 -08 Page 3 the responsibility of the City, and its residents, to provide opportunities for and encourage youth interaction and involvement in Hopkins. Suggested action steps: 1. Closely examine impacts on youth when considering changes in City services, 2. Develop a Youth Advisory Committee, the purpose of which is to provide input to the City Council on issues affecting youth in our community. 3. Encourage hiring of Hopkins area youth for jobs that are appropriate and may provide experience, potential career direction, and interaction with business people, residents, and other members of the community. 4. Improve and maintain communication between City and School District to develop a more cooperative effort toward achieving the goals of both public entities, such as youth entrepreneurs. 5. Actively encourage businesses to mentor youth and entrepreneurship. o What is the future process? Staff is proposing to prepare a prioritization process for the action steps contained within the plan and present this to the Council at a future date. In addition, staff will be completing a detailed work plan which identifies how each of the action steps within the plan is anticipated to be accomplished, by whom, and within what time frame. Alternatives The City Council has the following alternatives available to them: 1. Approve the recommended action. 2. Deny the recommended action. This alternative assumes the Council is not interested in maintaining an economic development strategy or does not entirely concur with the strategy as revised by the Strategic Plan Review Committee. 3. Continue the item for further information. Under this alternative, staff would make the modifications as suggested by the City Council and bring the document before the Council at a later date for acceptance.