A comprehensive economic development strategyThe Oro Valley Town Council will discuss Oro Valley's "Comprehensive Economic Development Strategy" in a study session tonight. It is one of three topics in this study session. The other's are the town's strategy and 2019-2020 budget revenue and budget assumptions.
The economic development strategy covers a 5-year time frame. The plan details 11 strategic actions:
- Generate high quality primary employer prospects and conversion them into active prospects for Oro Valley
- Maximize opportunities to attract businesses within the "Start-up Economy."
- Develop an incentive program designed to attract primary employers and other businesses with significant local economic impacts
- Attract retail to Oro Valley that is supported by area demographics
- Develop a robust economic development marketing strategy that provides targeted and expected information for business and retail prospects
- Attract talent to support current and future primary employers and fuel new business/entrepreneur growth
- Review and appropriately modify Town codes to mitigate unintended consequences that put the town at a region competitive advantage
- Implement procedures to improve efficiencies and consistency in staff interaction with current and future businesses
- Develop objective evaluation criterion to help measure and manage the Town's economic development efforts
- Identify opportunities to increase tourism investment in the community
- Develop strategies to address deficiencies in the physical business development ecosystem
Upcoming: Our interview with Town Economic Development Director
We will be meeting with JJ Johnston, Town Community and Economic Development Director, later this week. We will have more to report in upcoming LOVE postings.
