By: Bob Mundt, President and CEO
Recently, the Development Foundation Board of Directors laid the groundwork for 2025 with some key directives. We will begin working on these as we move through 2025.
Developing future land inventory
- Work with City to align possible locations based on existing and planned infrastructure development timelines
- Develop financial feasibility and modeling similar to Foundation Park
- Develop a timeline for acquisition over the next three years
Explore regionalism as it relates to economic development
- Work with SMGA to identify potential partnership opportunities for land development in surrounding communities
- Work with SMGA to market the region more holistically
Talent & workforce development
- Implement workforce development initiatives on a more regional basis
- Continue focus on retention and attraction of talent
- Innovate programs with universities and tech schools to ensure more graduates stay here
- Continue to grow internship programs through higher education programs and business collaboration
Build a community land bank directed at workforce housing initiatives
- Develop a sustainable funding mechanism
- Develop a sustainable program to perpetuate annual housing growth in this space
Leverage Falls Area Development Corporation for redevelopment of targeted areas
- Riverline
- Identify additional redevelopment sites
- Develop an on-going funding source for acquisition
Develop and refine a true progress dashboard
- Define critical measures
- Assemble data
- Create a dashboard we can use for Board and Investor reports