Strategies
Outlined below are the four action plans, the tactics that support each, and the dollars that will have been targeted to each activity during the 5-year Plan of Work.
| #1 - Develop a Marketable Product |
$1,000,000 |
- Secure land and develop a conceptual plan for a mixed-use, utility-served Business & Industrial Park.
- Build an inventory of industrial-ready land and buildings to attract capital investment and jobs.
- Customize solutions for issues that hamper business growth/retention as identified during regular interviews of businesses and parent companies.
|
| #2 - Leverage Financial Resources |
$1,500,000 |
- Provide an attractive range of grants, incentives, and finance tools for expanding, new, transitioning, and startup businesses.
- Designate $1.25 million for a revolving loan fund and increase the average revolving loan fund usage rate to at least 50%.
- Allocate monies for loans and incentives to support business participation in Holdrege Area Chamber’s Downtown Revitalization Project.
- Engage investor group in designing a feasibility grant program for emerging agricultural technologies.
|
| #3 - Collaborate and Promote |
$350,000 |
- Target the following industries for deployment of an aggressive marketing campaign: supply-chain manufacturers for existing businesses, alternative energy component parts manufacturers, warehousing and distribution, data centers, call centers, and value added agricultural companies.
- Provide financial support for Holdrege’s Chamber agricultural programs.
- Improve relations with investors, partner organizations, and countywide stakeholders through structured and continuous communications.
|
| #4 - Inspire and Recruit Talent |
$650,000 |
- Build a capable and plentiful workforce by engaging youth and alumni and by collaborating with local resources to train unskilled talent.
- Explore options for the creation of a “FarmGuard” program designed to provide temporary workforce to farmers during planting and harvest.
- Stimulate interest in entrepreneurial activity by providing startup tools, referral services, technical assistance, and networking opportunities for both youth and adults.
- Consider a matching scholarship program to bring back or retain talented Phelps County youth.
|
| 5-Year Total |
$3,500,000 |
