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7:00 p.m. - 8:30 p.m. Vienna Economic Development Update
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BACKGROUND SUMMARY:
This quarterly update will introduce the new Director, Nicole Toulouse who will provide an overview of Department goals and programming. It will also explain how the Department’s work aligns with enhancing the commercial tax base, close out items that were previously funded by ARPA, and elaborate on areas of opportunity for the Town.
OVERVIEW:
Economic Development aims to attract, retain, and grow existing businesses in Vienna with the purpose of growing the commercial tax base and providing a balance to town revenues. Areas of revenue that we can make an impact on in economic development include commercial real estate taxes, sales taxes, meals taxes, business license taxes, and bank stock taxes. The overview of programming will tie our existing initiatives such as Restaurant Week, Ribbon Cuttings, Economic Development Week, and Small Business Saturday to each of these revenue streams. Additionally, there are core functions of staff that are not always visible but tied into each of these areas of influence and essential to understanding the functions of the Department. Moving forward there are also areas of focus staff will investigate that hopefully will provide more services opportunities in which feedback from Council will be needed to give further direction regarding those opportunities.
SUMMARY/STAFF IMPRESSIONS: Staff seeks guidance on areas of opportunity as we prioritize future department programming.
RECOMMENDATION: N/A
Recommended Action