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EDA reviews draft strategic goals, debates role in housing and schedules EDA-district public hearing
Summary
The New Prague EDA reviewed a five-goal strategic plan that emphasizes industry recruitment, downtown reinvestment, branding, housing diversity and funding, debated whether the EDA should take an active role in housing, and asked staff to queue a public hearing in August to form an economic development district.
The New Prague Economic Development Authority reviewed a draft five-goal strategic plan on topics ranging from industrial recruitment and downtown reinvestment to branding, housing diversity and funding strategies, and discussed whether the EDA should take a more active role in housing development.
A consultant presenting the plan said the EDA could shift from buying land to partnering with private developers, facilitating streets and utility extensions and using tools such as a tax‑increment financing district to reimburse developers over time. “We don’t necessarily think over the next 5 to 10 years you…
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