ECONOMIC DEVELOPMENT PLAN (5 YEAR PLAN)

1. Aggressive Advertising/Media Campaign - advantages of rural vs. suburban

a. Local Press b. Regional Press c. Local/Regional Radio Outlets d. Television Outlets e. i.e. Cable f. Other forms of media campaigns 2. Proactive Management Campaign vs. Reactive a. Administrative authorization for pro-active search b. Departmental i.e. Community Development Outreach c. Aggressive Code Enforcement Program 3. Community Plan a. Identification of types of needed business b. Types of Industrial Prospects Acceptable by Community c. Size of Retail and Industrial Targets 4. Infrastructure Assessment a. Water/Sewer b. Leisure Services c. Retail/Industrial Properties i.e. land and options to purchase d. Economic Development Authority e. Health Care Facilities i.e. Medical Facilities and Physician Recruitment 5. Community Partnering a. Educational System i.e. Trade Schools, University/College Coalitions b. Chamber of Commerce Support/Local Business Coalitions c. State of Oklahoma Economic Development Department Support d. Governmental/Private Partnerships 6. Financing Retail/Commercial/Industrial a. Dedicated Percentage of Sales Tax/Property Tax for Economic Development b. Industrial Bonds c. State of Oklahoma Property Tax Incentive for Industrial Employers 7. Other Innovative Methods of Financing Community Development a. Refinancing Existing Debt for purpose of Dedicating, Escrowing for Future Economic b. Community Joint Ventures with Local Units of Government c. Federal Incentives (if available) 8. Enhancement of Local Business Ventures a. Expansion of Local Retail/Commercial/Industrial b. Incubator Projects i.e. Small Business Start-ups c. Partnerships with Local Banking Institutions i.e. Small Business Assistance 9. Community Beautification a. Select specific areas of community beautification enhancements b. Entrances of Community c. Signage d. Appoint Community Groups e. Budgeted Resources i.e. Fundraisers for Beautification 10. Community Transportation Network a. Condition of Major Arterial Streets b. County Roads and Highways c. Neighborhood streets d. Access i.e. Regional Travel
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ECONOMIC DEVELOPMENT PLAN (5 YEAR PLAN) 11. Education System a. Local Government Partnering b. School to Work Programs c. Joint Promotional Programs d. City/School Joint Facility Agreements Note: Cutting edge cities and towns are working closely with school districts in developing joint projects within the confines of state statues. These range from simple to complex! I.e. the example of OKC Sales Tax for improvement of Schools. Note: Identification of community needs is critical to plan and removes the threat of existing business services. In other words, evaluation and analysis to make sure you are not putting locals out of business. In promotional aspects of community, capitalize on Bedroom Community Everyone seems to want to stay away from this but people in the Metro area like that aspect and want to escape the big city.

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