City Council 5 year Strategic Plan 2021-2025

City Council 5 yr 2021-2025 Strategic-Planning

Port Authority (Economic Development)

Economic Vitality and Development Vision

Recognizing potential growth and UMore Park development impacts in the next several decades, we will nurture and promote sustainable development, high quality business and job creation to have Rosemount become the preferred regional magnet and development hub for innovation, emerging and sustainable technologies in the Twin Cities metropolitan area.

The following focus areas will guide economic vitality and development.

• Existing Business Retention and Growth
• Downtown Redevelopment
• UMore Park – an evolving sustainable community development
• Industrial / Business (and Technology) Park
• Commercial Niche Amenities

Guiding Principles

• Support responsible and sustainable growth within Rosemount’s 2040 Comprehensive Plan.
• Support the redevelopment within the Downtown Framework (2004).
• Build trust and partnership with our business, educational, and residential stakeholders.
• Affirm relationships and engagement with existing business community.
• Welcome start-up and relocating businesses supporting their growth and development.

Goal

• Provide clarity to five focus areas to realize the economic vitality and development.
• To increase the quantity and quality of sustainable business and employment opportunities for residents to continue growing our commercial and industrial sector tax base.