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AGENDA ITEM #5.3 <br /> city of <br /> Pequot <br /> Lakes! -- <br /> REPORT TO CITY COUNCIL <br /> Report Prepared by: Nancy Malecha <br /> Date: December 4, 2018 <br /> Subiect: 2019 BLAEDC Agreement <br /> Report: Attached is the 2019 Agreement for Professional Services from <br /> the Brainerd Lakes Area Economic Development Corporation (BLAEDC). <br /> BLAEDC continues to be an integral part of economic development <br /> initiatives within the City as noted below. <br /> 1. Attends monthly EDC meetings and shares BLAEDC staff expertise by: <br /> o Sharing insights and knowledge to help guide the City in <br /> evaluating and making decisions related to the 80 acres south of <br /> PL Business Park— Shovel Ready Certification options, video <br /> marketing idea, committee participation to explore pricing, lot <br /> sizes, amenities, landscaping, architectura.l standards, etc. <br /> o Sharing historical data that BLAEDC assembled on PL Business <br /> Park and its economic impact on the community. <br /> o Supported development of marketing packet. <br /> 2. Developed and maintained an economic development website and social <br /> media strategy to build awareness and have information readily available <br /> for businesses looking to start, expand, and locate in PL. <br /> o Examples specific to Pequot Lakes include a community profile, <br /> business profile, business park information, workforce <br /> information, direct link to City of Pequot Lakes, etc. <br /> 3. Developed and implemented two new initiatives to support businesses <br /> with their growth and prosperity. <br /> o BLAEDC's Unified Fund has more than $2.8 million dollaxs now <br /> available to support area businesses, including PL companies, with <br /> their financing needs. <br />