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BLEDA Strategic Plan
Big Lake Economic Development Authority (BLEDA) Strategic Plan
3-Year Perspective - 2019 through 2021
This Strategic Plan provides a realistic and practical approach to economic development goals and activities for the BLEDA. The purpose is to guide BLEDA Commissioners and its staff to focus on economic development priorities. This Strategic Plan will improve accountability for the BLEDA Commissioners along with its staff, and will improve the capacity to measure outcomes.
Strategy: Define the role of the BLEAD.
Work Plan Objectives | Due Date | |
1. | Review BLEDA By-laws | 05/2019 |
2. | Recommend lawful and necessary changes to the BLEDA By-laws | 06/2019 |
3. | Recommend an addendum to the BLEDA By-laws, which defines the role and expectations of a BLEDA Commissioner | 06/2019 |
Strategy: Sell BLEDA-owned Industrial Park Phase II by December 31, 2021.
Work Plan Objectives | Due Date | |
1. | Work with Real Estate Attorney to develop a streamlined process for land sale | 04/2019 |
2. | Set price point with a decreasing scale over years
| 05/2019 |
3. | Develop sale/marketing package with a full description of the property
| 06/2019 |
4. | Appropriately stage the property (schedule lawn maintenance, install signage, etc.) | 05/2019 |
5. | Direct market to Real Estate Brokers and Developers | Ongoing |
6. | Participate in relevant expos, site selector events, forums, conferences, etc. | Ongoing |
Strategy: Recognize BLEDA & City-owned commercial property and cultivate a development/redevelopment plan for each parcel.
Work Plan Objectives | Due Date | |
1. | Rose Drive (BLEDA-owned) - PID 65-554-0115
| 07/2019 |
2. | Martin Avenue / Fern Street (BLEDA-owned) - PID 65-554-0105
| 12/2019 |
3. | 420 Putnam Avenue (BLEDA-owned) - PID 65-403-0430
| 12/2020 |
4. | HWY 10 / Eagle Lake Road South (City-owned) - PID 65-019-4405
| 09/2019 |
5. | Humboldt Drive (City-owned) - PID 65-563-0020
| 09/2019 |
6. | City Hall (City-owned) - PID 65-477-0110, PID 65-477-0105, PID 65-477-0010
| 12/2020 |
Strategy: Generate revenue to create an economic development fund.
Work Plan Objectives | Due Date | |
1. | Maintain extensive knowledge of all business financing tools (federal, state, local, etc.) | Ongoing |
2. | Work in partnership with the Big Lake Finance Director to discover budgeting options for the BLEDA to consider
| 12/2019 |
3. | Author a successful Minnesota Investment Fund (MIF) Application to MnDEED to become a financial pass-through for an eligible expanding business and to generate up to $100,000 for the BLEDA | 12/2020 |
4. | Invest time into builiding and expanding relationships with Big Lake businesses, Big Lake Schools, Big Lake Township, Sherburne County, Big Lake Chamber, regional partners, developers, Realtors, investors, etc. | Ongoing |
The BLEDA is committed to: Understanding the needs of growing businesses; providing prompt, friendly service to help businesses expand efficiently; and creating a healthy, stable enviroment where residents and bussinesses can grown and succeed.
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Hanna Klimmek
Communtiy Development DirectorPhone: 763-251-2979