CEDAR FALLS COMPREHENSIVE PLAN ECONOMIC DEVELOPMENT


Economic Development involves every facet of the community, from parks and trails, to technology infrastructure, to strong leadership. Cedar Falls must attend to all these facets in order to support existing businesses, maintain a quality work- force, and foster new economic ventures. The previous chapters of this plan have outlined strategies for preserving natural resources, maintaining a diverse transpor- tation network, providing quality recreational opportunities and public facilities, supporting a reliable infrastructure system, revitalizing existing neighborhoods, and developing land efficiently, profitably, and responsibly. All of these pieces fit to- gether to form a strategy that will support a vibrant, enduring economy. This chap- ter collects and comments on the economic implications of the strategies outlined earlier in the plan. These strategies contribute to the declared economic develop- ment goals of Cedar Falls, which are outlined below.


CEDAR FALLS’ ECONOMIC GOALS


The 2011 Cedar Falls Strategic Plan, “Cedar Falls 2020,” lays out a number of goals for the community, including a goal to “increase the area’s economic base.” The plan stresses that Cedar Falls should focus on entrepreneurship and Iowa’s target busi- ness clusters (advanced manufacturing, life sciences and information solutions). The plan provides a number of action steps that Cedar Falls can take to expand em- ployment opportunities, expand the industrial and commercial base, encourage di- verse housing opportunities to accommodate a strong workforce, encourage tour- ism, and foster innovative economic development programs.


The full plan is available on the city website at www.cedarfalls.com/2020. The pri- mary economic goals of the plan are listed below:


• Provide fully developed land and infrastructure improvements for Cedar Falls’ business- es to expand


• Develop a detailed plan and policy that encourages new and existing business and industry to thrive


• Implement projects from Downtown Cedar Falls 2020 Plan • Implement projects from the College Hill Partnership


• Focus on specific geographical areas for development while managing and minimiz- ing sprawl demands


• Nurture intrapreneurship and entrepreneurship


• Identify and address City and State regulations that optimize development and con- struction of new homes


• Maintain necessary builder/developer support to construct housing based on current and projected needs


• Promote housing improvements/new growth in existing neighborhoods already con- taining basic infrastructure


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