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New Prague EDA reviews five‑year economic development plan; members debate tax‑base wording and future use of funds
Summary
The New Prague Economic Development Authority reviewed a draft five‑year strategic plan that outlines goals, action items and success metrics. Members debated whether the city's tax base should be described as "well diversified," discussed shifting from land acquisition to public–private partnerships, and heard from a local manufacturer urging quicker, turnkey options for expanding firms.
The New Prague Economic Development Authority (EDA) discussed a draft five‑year economic development strategic plan on items including diversification of the tax base, potential uses of the EDA's fund balance and next steps to convert strategy into tactical projects.
Keith, the plan presenter, told the EDA the document "is the culmination of all the work that we've done with you," describing action items, timelines and success metrics and recommending the plan be reviewed annually or quarterly as projects develop. He added the plan is a framework for the EDA to use over a five‑year horizon as the city moves beyond selling the last industrial park lots.
An early point of contention was language on whether New Prague's tax base is "well diversified." Bruce questioned the phrasing and said he had…
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