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February 10 Agenda Item 4
Attachments:
Attachment NameAttachment SizeAttachment Date
Size: 380K
Last Updated: 2014/2/5
Subject:
Provide guidance regarding the next steps toward the preparation of an Economic Development Plan for Falmouth and give feedback to the Falmouth Economic Improvement Committee (FEIC) regarding the same.

A public comment period will not be included with this item.

ACTION: No Council action is anticipated, other than guidance for future discussion and/or action.
Summary:
The adopted Comprehensive Plan contains the recommended action to “prepare, adopt, and implement a Falmouth Economic Development Plan” (= theme 1, action 4). To date, Falmouth does not have such a plan. The purpose of such a plan is to bring a focus to, and help set priorities for, the Town’s business development work.

The Falmouth Economic Improvement Committee (FEIC) has recommended to the Council that it be charged with developing a proposed plan or approach for review by the Council to prepare an Economic Development Plan for Falmouth.  Such a proposal would include a suggested scope of work, timeline, and parties that should be involved in the preparation of such a plan.

See attached staff memo and background information.