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<br /> <br /> <br />The TAG developed the economic development strategies with the following JEO approved <br />goals and principles as guidance: <br />Goal: <br />By 2020, create 20,000 net new jobs in the chosen economic opportunity areas; reduce the <br />local area unemployment rate to, or below, the state average; and increase the average annual <br />wage to, or above, the state level. <br /> <br />Principles: <br />The principles that will guide the development of our next economy were discussed <br />at length by the ED Task Force. <br /> <br />Healthy Living <br /> – Championing businesses and entrepreneurs that promote a healthy, safe, <br />and clean community while enhancing, protecting, and making wise use of our natural <br />resources. <br /> <br />Smart Growth – <br />Encourage a culture of entrepreneurship and re-investment into our local <br />community. <br /> <br />Be Prepared – <br />Develop the region’s physical, social, educational, and workforce <br />infrastructure to meet the needs of tomorrow. <br /> <br />Local Independence – <br /> Promote local businesses and entrepreneurs that lead our area to a <br />higher level of economic independence and resilience. <br /> <br />Regional Identity – <br />Create a stronger economic personality that celebrates our region’s <br />attributes and values. <br /> <br />The following strategies developed by the TAG establish a vision for how the governments, <br />businesses, and community members can work together to help the Eugene-Springfield metro <br />area achieve economic sustainability. They establish a framework for decision-making for <br />community partners within Eugene, Springfield and Lane County. <br /> <br /> <br />1.Business Retention and Expansion <br />Support the Growth and Development of Existing Area Businesses to Achieve Quality <br />Job Creation. <br /> We recognize the crucial role existing area businesses play in sustaining the <br />health of the local economy and in creating job opportunities. Efforts should be directed at <br />supporting the operating needs of local businesses as well as meeting their needs for <br />expansion and growth. <br /> <br />Tactic 1: <br />Coordinate public capital and finance networks within the region to <br />facilitate business access to needed funding for continued operation and <br />growth. <br />Tactic 2: <br /> Develop or strengthen peer-to-peer support networks for businesses of any <br />type (start-up, existing, large, small, etc.) for communicating regional <br />information on financing, physical development, locating, hiring, <br />recruiting, and training. <br /> Z:\CMO\2009 Council Agendas\M090914\S091409Noon1.doc <br /> <br />