This Economic Development Action Plan (EDAP) outlines strategies to support local economic growth, strengthen existing business areas, and attract new development opportunities. It includes detailed analyses of trade areas, consumer demand, market supply, and sales tax contributions, as well as insights into key focus areas such as retail, hospitality, healthcare, and recreation. The report provides actionable recommendations for business retention, redevelopment, branding, and infrastructure improvements, offering a data-driven framework to guide economic planning and enhance community vibrancy.
The primary goal of the EDAP is to help facilitate a viable, stable, healthy, and diversified economy for the City.
Value to Local Governments
- Informed Decision-Making: Provides robust data and market analytics to guide economic planning and development efforts.
- Targeted Business Growth: Identifies opportunities for business retention, attraction, and redevelopment in key areas.
- Revenue Optimization: Highlights strategies to diversify the sales tax base and enhance fiscal sustainability.
- Enhanced Community Appeal: Offers recommendations to improve city branding, infrastructure, and placemaking for residents and visitors.
- Stakeholder Engagement: Encourages collaboration between city leaders, businesses, and property owners to drive economic success.
