3A - Economic Development - Laserfiche WebLink

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1 Create a mentorship program through the Chamber of Commerce between experienced entrepreneurs 2 and young self-starters joining the Pequot Lakes economic community. 3 Encourage businesses in the professional/service sector to locate on the perimeter of the downtown in 4 order to facilitate more space for retail directly in downtown. 5 Create an information-sharing system for retail employees to be better educated on the wares of other 6 local stores to keep shoppers from leaving town to buy certain items. 7 Provide more bicycle parking along the Paul Bunyan Trail in downtown to make it easier for recreational 8 users to stop. 9 Create expansion plans for water, sewer, and telecommunications so businesses can anticipate future 10 availability. 11 Define the commutershed of Pequot Lakes. 12 Establish a municipal parking strategy. 13 MID-TERM ACTIONS (1- 5 YEARS): 14 ❑ Identify properties in the business park that could successfully be in the downtown. Work to relocate 15 them and free up the business park property for a higher use. 16 ❑ Set aside land for future expansion of the Industrial Park. 17 ❑ Clarify restrictions in the permitting process for location, duration, and signage for running a transient 18 business within City limits. 19 ❑ Capitalize on a relationship with Central Lakes College in order to facilitate and foster human capital. 20 ❑ Provide affordable housing options for young families wishing to join the Pequot Lakes work force. 21 ❑ Provide sidewalks in all areas of the City where residents and tourists may be traversing through a 22 number of retail stores in one trip. 23 ❑ Create a Historical Tour Map that highlights historical places of interest in Pequot Lakes. This should 24 include different routes for people walking, biking or driving. Interesting stories that help people to 25 understand Pequot's heritage are valuable in that they help educate people and create allies for historical 26 preservation. 27 Provide incentives for infill and redevelopment of local businesses in the downtown area. 28 LONG-TERM ACTIONS (5 YEARS AND BEYOND): 29 Develop flexible design guidelines for businesses to emphasize the aesthetics and unique character of 30 Pequot Lakes. 31 Partner with the school system in order to better educate students on the entrepreneurial spirit in rural 32 economies. 33 PREVIOUSLY COMPLETED ACTIONS 34 Provide opportunities for local businesses to leverage capital through the use of public funds such as 35 through tax increment financing (TIF), revolving loans, or the installation of community development 36 corporations. 37 Require extractive use companies to restore the natural and scenic conditions of the land back to its 38 original form prior to extraction. 39 Provide incentives for infill and redevelopment of local businesses in the downtown area. 40 211 Page