Draft | December 1, 2023 6 <br /> <br />Economic Development Actions <br />Goal 1: Improve the neighborhood economy and empower local residents by encouraging the growth and creation of <br />local businesses. <br />Policy Action Feasibility Timeframe Cost <br />Implemented <br />By <br />A: Code <br />Amendment <br />B: Program/Project <br />C: Community <br />Partnership <br />Related to <br />Existing <br />Plan/Project <br />1.1 Incentives for <br />Local Businesses: <br />Help neighborhood <br />businesses use <br />existing local, <br />regional, and state <br />loan programs to <br />support growth and <br />creation of <br />neighborhood <br />businesses. <br />1.1.1 Create neighborhood-based <br />resources for small business with <br />sustainable funding from tax increment <br />financing or other instruments. <br />Difficult Long $$$ Community B <br />1.1.2 City/County work with <br />neighborhood residents to develop <br />other incentive programs for local <br />business. <br />Moderate Medium $$ City <br />County <br />Community <br />B <br />1.2 Neighborhood <br />Assets: Support <br />business <br />development that <br />utilizes <br />neighborhood <br />assets. <br />1.2.1 Inventory local businesses, <br />including home-based businesses and <br />services. <br />Difficult Long $$$ Community C <br />1.2.2 Analyze present business mix and <br />possible future economic development <br />through the lens of acceptability and <br />desirability for the neighborhood. <br />Easy Short $ Community C <br />1.2.3 Develop and adopt land use code <br />that favors small independent <br />businesses over large national chains. <br />Moderate Medium $ City <br />Community <br />A – Group 2 City-wide <br />Corridor Code <br />Amendments