2025 Strategic Plan
AEDA Mission Statement: To attract new businesses, facilitate industrial and commercial development, and support existing businesses so they can grow and expand to create jobs, increase revenues, and make capital investments, which enhance the community.
Strategic Objective: Sustain and grow an environment to attract and retain private sector investment, a talented workforce and an engaged business community, which supports the community’s vision.
AEDA will guide its decisions based on the following objectives:
Economic Impact (Business Attraction, Business Retention and Board Programs)
- Annually facilitate development of 150,000 square feet of new commercial real estate, tracked by retail, industrial and office segments
- By end of 2025, develop and adopt a Retail Work Plan
- Annually Facilitate 75 Development Projects
- Annually retain 99% of net existing bricks and mortar businesses
- Annually complete 90% of the Retention Committee’s annual Work Plan
- By end of 2025, implement Data Visualization Tool
Customer and Community Impact (Communications and Marketing)
- Annually complete 90% of the Community Engagement Annual Work Plan
- Biennially analyze City of Arvada Community Survey responses from Arvada residents
- Biennially receive 200 Economic Development Survey responses from Arvada businesses
- By end of 2025, complete redesign of business toolkit
Organizational Impact (Internal Effectiveness and Strategic Partners)
- Annually partner with key financial lending partners to provide businesses with resources for access to capital
- Annually facilitate relationships with 100% of identified strategic partners
- Annually facilitate Strategic Plan Advance with AEDA Board and staff
Indicators:
- Revenue
- Market
- Vacancy Rate
- Business Activity
- Staff Activity
- Community Engagement Activity