Economic Development <br />VISION STATEMENT <br />ECONOMIC <br />DEVELOPMENT <br />Goal 1: Improve the neighborhood economy and empower local residents by encouraging the <br />growth and creation of local businesses. <br />Policy 1.1 Incentives for Local Businesses: Help neighborhood businesses use existing local, <br />regional, and state loan programs to support growth and creation of neighborhood businesses. <br />Policy 1.2 Neighborhood Assets: Support business development that utilizes neighborhood assets. <br />Policy 1.3 Patronage of Locally Owned Businesses: Encourage patronage of locally owned <br />businesses through community organization efforts such as marketing, education, and events. <br />Policy 1.4 Regulatory Environment: Strive for a local regulatory environment that is supportive of <br />economic development in line with neighborhood vision (such as creating small commercial nodes) <br />Goal 2: Promote redevelopment that enhances walkability and increases access to daily <br />needs.' <br />Policy 2.1 Vibrancy: Incentivize and support redevelopment that fosters active mixed-use <br />neighborhood centers. <br />Policy 2.2 Small Business Development: Promote small business development that supports <br />active mixed-use neighborhood centers by identifying local funding sources and continuing local <br />outreach and assistance to small business owners. <br />Goal 3: Promote living wage emolovment opportunities within the neighborhoor' <br />Policy 3.1 Residential Employment: Encourage businesses in residentially zoned areas at a scale <br />that complements the surrounding neighborhood. <br />Policy 3.2 Employment Opportunities: Promote the creation of employment opportunities that <br />offer a living wage. <br />1 Examples of daily needs include grocery stores, pharmacies, and other necessary services. <br />24 <br />Page 33 of 122 <br />