At the June 7, 2022 City Council meeting, North Bend Councilmembers unanimously approved a motion authorizing a contract for an Economic Development Action Plan with Place + Main Advisors.
City Council and staff began the process of updating the City’s Economic Development strategy in September, 2020, noting a need for a holistic plan to foster sustainable investment, create family wage jobs, and provide more goods, services, and amenities to better meet residents’ needs.
Since then, the Economic Development Commission has worked with the Community and Economic Development Department and Council to provide a framework for professional services to assist in creating the action plan, including an analysis of issues and opportunities and a set of economic development goals that are consistent with the City’s Comprehensive Plan and Brand Implementation Guidelines.
The Economic Development Action Plan will incorporate input from key community stakeholders to provide specific, actionable strategies for staff and provide guidance for Council on issues relating to the economic health and well-being of the City.
“Having an Economic Development Action Plan is critical in developing long-term fiscal stability for the city and an overall balanced community,” commented Mayor Rob McFarland. “We are a highly livable community, and staying that way requires continuous work from all stakeholders, including your city government.”
The action plan is being funded through the American Rescue Plan Act (ARPA). Place + Main Advisors are anticipated to begin work with the City this month. The Economic Development Action Plan is expected to be complete by December, 2022.
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