2019-2024 Economic Development Strategic Plan

PRIORITIZING & VALUING OUTCOMES Several questions were asked in the community economic development assessment to understand how Respondents in the community prioritize and value economic development outcomes. Prioritizing Resources The responses to these questions emphasize the community’s desire to attract a new industry to town. And, it appears in some cases that the desire to have a “win” in the sense of getting something new may overshadow the value of expanding existing businesses.

Prioritizing Resources

When asked to prioritize resources for economic development, Respondents collectively prioritized attracting new industrial businesses. Encouraging existing business expansion was prioritized third overall.

Ranking Outcomes An additional question within the assessment asked Respondents to rank outcomes on a scale of 1 to 7 with 1 being the most important outcome. Combining the “ranking” results shows that attracting new industry is viewed as most important. The list on the next page shows the order of all outcomes as ranked.

Ranking Economic Development Outcomes

Attract New Industry with 75 Jobs

Page | 21