LT-SS-2023-002-Ellensburg-Unity-Park-Shade-Tents (4)

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4.2.3 Host an investwentforv"m in the contmunity, The Downtov,'ners shculd collaborats to ccnduct an investrnent forunl in the conmnnity for potential investors. This forum can provide potential business omrets with a profile of the market in Eilensbulg, available properties in the community, guidance on suppolt services available to potential businesses through a variety of paftners. The eveirt should last no longer than two hours, offer refreshments, and give a brief overview of the following: e Representatives of the Downtowners shouid present findings of this market shrdy and recomrnendations. " City staff can share the support services that the City of Ellensburg can provide. . F.llensburg Downtown Association can discuss its program of work and assistance. o Private Sector Prope-rty Owners/Co-mrnerciai P.eal Estate Represeniatives should provide an ^--^-_-i^--- ^t tL^ ^^^^^ ^-.^:1^Ll^ :- ntt^--L.,.-^ ^ l^-j^f ---^^..^:^ ^f l^^^:-^ L^^:^^ ^-J :fUVCTVTgW Ul Lllg SIJ4l"c dV4rlclultr ltl rjlrtrtlsUUIB, d UII[iI JylIUPJl> Ut rtj4srrlE Vd.Jl!i, d.llu ll possible, any incentives they have to promote locai business, n The Kittitas County Chamber of Commerce and the Ellensburg Business Development Authority can provide information on the overall economy of the county, services provided by each group, atrd resoi:rces for business star'r ups. e' The Small Business Development Center and/or a SCORE Association chapter should provide intbrmation on brusiness plan support, start-up assistance, and additional seruices they provide. Ideally, the organizations should prornote a f,ollo.r-up consultation da,v in Ellensburg so attendees can sign up for appointments. " Existing businessqs should provide an overview of their personal experiences doing business in downtown Ellensburg (with a focus on the positives and helpfui hints). The Downtcwners shouid ie',rerage tirese parfners to help piomote the event. The goal is to reach out to anyone interested in investing or staiiing a business in Ellensburg. 4,2.4 Create an investment "club".for Ellensburg Ellensburg should also explore a funding program that could incorporate a modest return on investment for participating in an investment club for buildings and sites in the community. The for this type of investing, The SEC has just released those parameters. There is also nothing to preclude local investors to create a more traditional investment program or a property renovation company with the expectation that there will be a return on investment to the padners. In some cases these oporate independently of the city an in others there is a partnetship stnrcture to implement a plan such as this. It is important to understand that this ftinding recommendation is designed to augment existing A,-l:-^ ^-+:^-- +L^+ -,--' A.^* +-^.l,i+i^-^! L^.^l- E-^---:.- ^ r^ -!-r- ---I f^l^-"^l r--- --.-lir- ^ ----|lin(jing OpliOnS'aiial Vai-y ii'Uiii ttauilionai UAIiK llnallulliB [U staLc allu Ls(.ttrli:tl td^ UlElllts. AIry investment fund is best used to ieverage other financial tools available for a project. 33