2012 Work Plan. Core Values We are not willing to compromise our essential quality of life issues in order to pursue growth and development.
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1 2012 Work Plan The mission of Lovell Inc. is to promote economic development in the Lovell community and environs, specifically devised to increase employment, payroll, business volume and corresponding factors in said area. We actively work with existing business entities. We believe in cultivating and encouraging the power of new entrepreneurs. We search out business ventures that would be compatible with and viable in our marketplace. Core Values We are not willing to compromise our essential quality of life issues in order to pursue growth and development. We believe in the value of public-private partnership efforts in economic development and like to see government and the private sector working together. We believe in being responsive to community input and in developing an economic development program that helps achieves the overall goals of the community. We believe in having a good common-sense plan for economic development that is easily understood and able to be consistently and easily communicated by a variety of people. We believe in encouraging an entrepreneurial spirit, business friendly atmosphere, and responsible development that will help build a more healthy economy. We believe in results rather than just activity as the best measure of performance. Goals: 1. Create a high performance economic development organization 2. Generate primary and secondary jobs 3. Stimulate capital construction 4. Enhance business infrastructure 5. Increase access to business support 6. Build positive public relations about the effort February 8,
2 Goal #1 Projects Create a high performance economic development organization To increase organizational capacity in the areas of funding, community involvement, technical assistance and sustainability by building stronger relationships with local stakeholders. Host Ask Event Initiate Relationship with All Big Horn County Communities Build Social Media Presence Take a more Active Role in Housing Development Host Ask Event Host Ask Event May Board/Staff $300 Invoice entities May Board/Staff Communicate with stakeholders on a regular basis Board/Staff Initiate Relationship with All Big Horn County Communities Schedule meeting with Mayors and April/May Staff $150 for Clerks mileage Evaluate needs of towns May Staff Follow up with proposal and May Staff funding request Communicate Staff Build Social Media Presence Dust off All About Lovell page April/May Staff/Student Post regular updates Staff/Student Advertise in print and TCT June Staff/Student $400-$500 Evaluate effectiveness Staff/Student Take a more Active Role in Housing Development Review Housing Assessment and April/May Staff Action Plan Identify potential partners May Staff Research Habitat for Humanity Program for possible fit April/May Staff/Habitat Program in Powell Develop realistic action plan May Staff Make recommendation to Board June Staff February 8,
3 Fully implement Benevon Model Develop stronger relationship with County Commissioners Expected Outcome: We expect that these projects will contribute to the long term sustainability of the organization, increase the level of community involvement and produce results for the organization and the communities it serves Goal #2 Projects Generate primary and secondary jobs To assist in the generation of primary and secondary living wage jobs Develop Home-Based Worker Strategy as a Job Creation Tool Develop Home-Based Worker Strategy as a Job Creation Tool Create proposal for TCT April Staff Identify and survey existing homebased May/June Staff/TCT West workers Develop program to fit needs June/July Staff/TCT West Identify additional stakeholders June/July Staff Design materials to market program July Staff/TCT West $300 Begin to implement program August Staff/TCT West Evaluate and adjust as needed Staff/TCT West/ Stakeholders Expected Outcome: We expect these projects will assist in the generation of 80 primary jobs (those where a majority of the product/service is exported out of the local jurisdiction) and 20 secondary jobs (those where a majority of the product/service is not sold or provided in the jurisdiction) in the next two years Manage 3 rd Street business incubator Commercial development potential Davis property Entrepreneur development Respond to appropriate WEDA and other business leads Goal #3 Stimulate capital construction To facilitate new construction, expansion and remodel of commercial properties within the region to accommodate additional business activity Storefront improvement grant program February 8,
4 Data gathering, management and promotion of available programs and potential funding sources for commercial construction Expected Outcome: We expect gathering, dissemination and managing of this data will help to stimulate additional capital construction in the area Goal #4 Project Enhance business infrastructure To ensure appropriate infrastructure is in place for future growth, using the Town of Lovell Master Plan as a guiding document. Commercial Property Open House Commercial Property Open House Identify vacant properties and May/June Staff/Board/Ed-Val property owners Contact owners to gauge availability July Staff Assist owners in marketing property Staff Conduct commercial property open Sept Staff/bldg owners $800 house /realtors Evaluate effectiveness Oct Staff/building owners Business Park and/or commercial facilities Workforce housing Expected Outcome: We expect these projects will implement specific goals within the Town Master Plan, begin to fill vacant downtown buildings and begin to address the housing needs within the region. Goal #5 Increase access to business support To assist new and existing business owners in securing information and training to improve their business Identify workforce training needs and access resources as needed for business owners, including training grant applications Youth Entrepreneurship Opportunities February 8,
5 Expected Outcome: We expect these projects will help to further establish Lovell Inc. as a high performance economic development organization, strengthen a support system for the business community, and spark interest in a new generation of entrepreneurs Goal #6 Build positive public relations about the effort To ensure Lovell Inc. s mission, vision and values are communicated in a consistent, positive manner to its constituents. Your Town Projects Film Festival Farmer s Market Website Updates Hall of Fame Expected Outcome: We expect these projects will increase the level of positive communication regarding the efforts of the organization, will increase the overall acceptance of existing and new entrepreneurs, will enhance community input projects and will continue our efforts to connect local produce growers with the community Other projects being considered for 2012 Habitat for Humanity Project o Other Housing Rehabilitation Project Regional Brownfields Project Participant Youth Entrepreneur/Inventor Fair Geo Caching Historical Locations or Point of Interest Switchback Purchase for Student Run Business First Impressions evaluation This Work Plan is intended to be a flexible document and changes may be made throughout the year as deemed necessary. An important step for each goal and project is to evaluate the outcomes and make changes as needed to constantly improve the results of our actions. February 8,
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