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<br /> <br /> <br />B.Support development and growth in successful and emerging opportunity areas <br />within the local economy: <br />? <br /> <br />Health/Wellness <br />? <br /> <br />Advanced Manufacturing (technologically rich, innovative manufacturing) <br />? <br /> <br />Software <br />? <br /> <br />CleanTech/Renewable Energy <br />? <br /> <br />Biomedical <br />? <br /> <br />University of Oregon / Research & DevelopmentInstitutions <br /> <br />Tactic 1: <br />Identify strategies to address unique site and logistical needs of existing and <br />emerging industries. <br />Tactic 2: <br /> Develop associations or networks among targeted cluster businesses for <br />innovative networking, information-sharing and to provide opportunities for <br />business growth. <br />Tactic 3: <br /> Pursue opportunities to expand and recruit businesses, ideas, and <br />entrepreneurs into our region that can enhance our existing businesses and <br />community. <br /> <br />The next step in the development of our regional economic development plan is the holding of an <br />Economic Summit. The goal for the Economic Summit is to gather input on the tactics, or action <br />items, for each approved economic development strategy, that will provide a framework for <br />decision-making for our community partners. Following the Economic Summit, elected officials <br />and others will a) review the input and refine the regional plan or b) ratify the regional plan and <br />initiate implementation to build our next economy. <br /> <br /> <br />JEO OPTIONS <br /> <br />Option 1: Approve the economic development strategies as described in the AIS and have the <br />ED Task Force and Technical Advisory Group hold an Economic Summit in October. <br />Option 2: Modify the economic development strategies and have the ED Task Force and <br />Technical Advisory Group hold an Economic Summit in October. <br /> <br />Options 3: Decline approving any of the economic development strategies and provide new <br />direction for the ED Task Force. <br /> <br /> <br />JEO ECONOMIC DEVELOPMENT TASK FORCE’S RECOMMENDATION <br /> <br />The ED Task Force recommends option one, which will approve the economic development <br />strategies that create the outline of a regional economic development plan to design our area’s <br />next economy and have the ED Task Force and Technical Advisory Group hold an Economic <br />Summit in October. <br /> <br /> <br />Z:\CMO\2009 Council Agendas\M090914\S091409Noon1.doc <br /> <br />