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HomeMy WebLinkAbout2025 - Economic Advisory Board - WORK PLAN Internal – For internal and limited external distribution Work Plan City of Fort Collins Economic Advisory Board (EAB) 2025 Work Plan Duties and Functions of the Board I am pleased to present the work plan for the City of Fort Collins Economic Advisory Board (EAB) for the coming year. The EAB provides recommendations to the City Council and City staff, drawing on its members' specialized knowledge and expertise. These recommendations, which reflect the formal opinions of the advisory board, pertain to topics and items included in the board's approved work plans. These may include: 1. Advising on matters pertaining to the economic health and sustainability of the City, including, but not limited to: a. External events and trends that may affect the local economy. b. Short-term and Long-term opportunities or threats to the local economy. c. Enhancing the City's competitive position in relation to other communities. And d. Partnering with other public and private entities. 2. Recommending programs and strategies that may enhance the economic health and sustainability of the City; 3. Coordinating efforts with other City boards and commissions whose actions may affect the economic health and sustainability of the City; and 4. Advising on existing or proposed policies, practices or regulations of the City that may affect the local economy. Priority Work Plan Topics for 2025 The EAB has meticulously chosen a set of essential topics that will steer our initiatives in 2025, aimed at encouragement economic health, sustainability, and prosperity within our community. These topics embody our dedication to fostering innovation, inclusivity, equity, environmental sustainability, and resilience in the local economy. We are enthusiastic about partnering with stakeholders, experts, and community members to tackle these significant issues. Together, we eagerly anticipate shaping a dynamic economic landscape for Fort Collins in the coming year. er Aligne d Initiativ e (Impact Strategic Plan Implementation • Milestones, including stakeholder engagement interview. Internal – For internal and limited external distribution Climate and Circular Economy • • Responding to new programs related to Climate Action Plan. • Adopting and promoting practices to equally benefit businesses, society, and the environment. • Actively monitor water policies and pricing for Fort Collins Utilities • Actively monitor the future of Platte River Power Authority and it’s goals Regionalism & Industry Cluster Study • Regional Economic Development Initiative to understand how the EAB can support and facilitate this work. East Mulberry and North College Corridor X X X • Actively monitor and provide feedback and advice as required. Land Use Code Phase 2 X X X • Identifying pros and cons of the new Land Use Code. And, providing recommendations as required. Building Performance Standards X X X • Actively monitor and provide feedback and advice as required. CO-WY NSF Engines Grant X X X • Actively monitor and provide feedback and advice as required. EAB Strategic Priorities As the EAB evaluates and provides input on the priority work topics mentioned above, we will leverage our expertise to assess how the following factors might influence or be influenced by Council and development decisions:  Wellbeing, equity, and sustainability goals as outlined in the City’s various strategic plans,  Opportunities and risks for local businesses,  Alignment with the broader economic goals and policies of the State of Colorado, and  The relevance of State and Federal incentive programs. Furthermore, we acknowledge that economics is an interconnected system within the City of Fort Collins, necessitating increased efforts to bridge departmental and City Board silos. We are committed to making this a focal point of our discussions and will seek ways to enhance collaboration with other City Boards, City Staff, and Councilmembers. Relationship of Work Plan Topics to City Council Agenda and Priorities Internal – For internal and limited external distribution The EAB will regularly review the City Council planning agenda and adjust its priorities as necessary. Additionally, we welcome direct input and guidance from the City Council regarding the topics listed above and other matters that may affect the City’s economic health. In summary, the City of Fort Collins Economic Advisory Board (EAB) is poised to embark on a year filled with action and purpose. With our selected topics leading the way, we are committed to driving economic growth, sustainability, and innovation in our community. Together, we will strive to make Fort Collins a vibrant center of opportunity and prosperity for everyone.