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1 ` POLICIES <br /> 2 The following policies are proposed to guide future economic growth and development inPequotLakes: <br /> 3 Assist local businesses with leveraging capital.To maintain a sustainable local economy,the City of Pecluot Lakes <br /> 4 | �eatean environment for businesses toestabUsh,grow and prosper. The City needs to help new <br /> | ~�~~~ <br /> S businesses and businesses in transition leverage capital.The availability of capital is the most important factor in <br /> 6 creating and expanding business. There are *e*n�opportwnities open to the City tofree up capital for <br /> 7 / businesses orto connect businesses with sources offunding, from tax increment financing(T|F)to revolving loan <br /> O | fundsondc�mmun� development The City should consider these and other±�l�g�&mechanisms <br /> | -' � <br /> 9 am part ofam economic development strategy. <br /> 10 development agencies tm support and enhance bua)nemmes.TheCityffeee��@�I0�� <br /> | '-'-- --' --- --'--- <br /> 11 assist in energizing the local business spirit. An entrepreneurial spirit in a city is a contagious thing. If the City <br /> 12 continues to show a dedication to business, our partners in the Chamber of Commerce and the <br /> | � <br /> 13 Lakes Area Economic Development will help promote it.City officials need tobe active in <br /> 14 business networks reinforcing the idea that local economic advances will come largely through local cooperation. <br /> 15 � <br /> 16 <br /> 17 <br /> 18 ' <br /> 19 <br /> 20 <br /> 21 <br /> 22 <br /> 23 workforce. <br /> 24 <br /> 35 <br /> 26 <br /> 27 <br /> 28 <br /> 29 stabilliq_In the_Clb�s rate of taxation. <br /> SO <br /> 31 <br /> 32 <br /> 33 <br /> 34 <br /> 35 <br /> 36 <br /> 37 <br /> .i�s_natural, scenic, and recreational amenities_IhL <br /> 38 <br /> 33 <br /> 40 <br /> 41 | <br /> - -- — - --- --- - <br /> } 16 1 Page <br /> \ <br />