Tuesday, October 24, 2006

Strategic Planning & Economic Development

At its October 21st strategic planning session, the Town Council decided that the new Economic Development Advisory Committee would be folded into the strategic planning effort by holding the Economic Committee meetings during the next three strategic planning meetings. The purpose of this approach is to take advantage of the fresh ideas and input of the Economic Committee and integrate that into the draft strategic financial plan. The Council brainstormed the following issues for the Economic Development Advisory Committee to consider:

  • Come up with an implementable plan to increase Town revenue
  • How can we increase sales tax and property tax revenue
  • How to make the most of underperforming assets in the community
  • How to increase business in the downtown area
  • Audit of business license revenue to ensure all businesses are paying
  • How can we attract businesses that are commensurate with our style of town and those which have the capacity for success
  • Future economic development in Fairfax

The next Town Council Strategic Planning/Economic Development Advisory Committee meeting will be held on Saturday, November 18th at 9 a.m. in the Women’s Club.