Vision 2020 +

Business and Agri-Business

Objective 2.b. — Sustain and Grow Existing Businesses and Foster New Business Development The regional economic development strategy should be focused on growing and developing businesses that compliment the existing labor force and businesses, provide diversity of products to local consumers and preserve quality of life.

Action 2.b.1. — Establish a Regional Business Center. Create a clearing house for providing resources, services and information to help assure long-term business success. The Center will coordinate economic development efforts among existing organizations and programs.

   Action 2.b.2. —Maintain Urban Cores. Collaboratively develop and adhere to a regional master plan that emphasizes maintaining and investing in our urban cores in accordance with smart growth principles.

   Action 2.b3.— Establish a Regional Business Strategy. Encourage collaboration between jurisdictions to develop needed infrastructure and transportation and to create ordinances and policies to promote business growth.

   Action 2.b.4. — Implement Economic Development Tools. Facilitate business expansion and new business growth through effective utilization of economic development tools that include:

• Effective marketing.
  
  
• Identification of available sources of capital.
  
  
• Judicious administration of incentives.
  
  
• Coordinated development of infrastructure.
  
  
• Creation of an adequate, affordable supply of real property in locations consistent with the regional master plan.
  
  
• Utah´s SURE site program.

Capitalize on the development of other core competancies as opportunities emerge.

Action 2.b.5. —Develop Workforce.
Develop education and training programs that will increase the skills of our workforce to help meet the demands of business and industry.

Action 2.b.6.— Collaborate with USU. Align regional economic development efforts with Utah State University ´ Innovation Campus and Technology Commercialization Office to facilitate retention of spin-off businesses and to take full advantage of opportunities such as the State of Utah’s U.S.T.A.R. initiative.

Action 2.b.7. — Establish Core Competencies. Leverage research and expertise at Utah State University and a well-educated and trained regional workforce, with high standards of excellence, in order to build core commercial competencies in such areas as:

• Aerospace and military manufacturing.
• Software
• Microbial systems.
• Foods and nutrition.
• Environmental science and engineering.

Capitalize on the development of other core competencies as opportunities emerge.

Goal #3
Support and Enhance Agriculture and Agribusiness.
Agriculture and agribusiness is and has historically been the strongest sector of Cache Valley’s economy. Agriculture needs to be enhanced and the land that supports it needs to be preserved for its contributions to the economy and the quality of life for valley residents.

Action 3.a.1. —Promote the role of agriculture in the local economy and quality of life.

Action 3.a.2. — Foster entrepreneurship and innovation in the agricultural sector.

• Support new agricultural alliances aimed at supporting agricultural profitability.
• Foster new outlets for local and regional agricultural products.
• Work with Utah State University, University of Idaho, and other educational institutions to provide education on marketing and organizational ways to enhance profitability.
• Support land management tools such as zoning, subdivision requirements, leasing, or the purchase and transfer of development rights to preserve vital agricultural lands while maintaining profits for land owners.

Objective 3.b. Role of Agribusiness — Agribusiness refers to economic activity that supports agriculture such as suppliers of inputs, and economic activity that adds value to the output of agriculture such as processing, marketing, and distribution of agricultural goods and services.
The objective is to strengthen the role of agribusiness as a core economic activity in the valley.

Action 3.b.1. — Support agribusiness opportunities.

• Help identify and address consumer preferred niche markets.
• Encourage food safety and labeling that engenders consumer trust in local food products.
• Support marketing, education and purchasing practices that emphasize local produce.
• Sponsor research that advances added value for local agriculture and agribusiness.

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