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CITY OF LA VISITED ___ MAYOR AND CITY COUNCIL REPORT APRIL 18, 2023, AGENDA Subject: NEBRASKA MULTISPORT COMPLEX APPLICATION FOR PAYMENT DISBURSEMENT OF EDP AWARD FUNDSType: RESOLUTION ORDINANCE RECEIVE/Resubmitted
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Option municipal economic development refers to a set of practices and policies that local governments can adopt to promote economic growth, investment, and job creation within their municipalities.
Municipalities that intend to implement economic development initiatives or programs are typically required to file option municipal economic development.
To fill out option municipal economic development, municipalities need to complete the required forms provided by the state or regional authority, detailing their economic development plans, objectives, and anticipated impact.
The purpose of option municipal economic development is to enhance local economic conditions, attract new businesses, retain existing ones, and improve overall community vitality and job opportunities.
Municipalities must report information such as the goals of the development initiative, target industries, fiscal impact, expected outcomes, and strategies for implementing economic development.
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