Fairview Heights residents and businesses are invited to attend a citywide informational meeting on the city’s economic development strategy.
The event will take place from 5 to 7:30 p.m., Wednesday, April 24, at the Fairview Heights Library Lower Level, 10017 Bunkum Road.
Attendees at the informational meeting will have an opportunity to review highlights of the Assessment and Market Analysis Report that is being released as part of a year-long plan to develop an economic development strategy for Fairview Heights.
The meeting will be an open house style format with no formal presentation. The public can stop by at any time.
“We have just started the overall planning process,” said Mark Kupsky, mayor of Fairview Heights. “This first informational meeting will give attendees an opportunity to review highlights of the Assessment and Market Analysis Report that provides information on the context of the existing economy of Fairview Heights compared to other cities in the Metro East and St. Louis region.”
While the economy of Fairview Heights is still strong, national and regional trends in retail and economic development point to the need for the Fairview Heights to think strategically about future economic development. The development of an economic development strategy will position the city on a path toward financial resiliency by creating a vision around which the city with its public, private and institutional partners can coalesce efforts to drive investment and growth.
The planning team is led by the i5Group, along with Community and Economic Development Solutions, Colliers International, and the Lochmueller Group. A 15-member Steering Committee is helping to guide the planning process. The Steering Committee has representatives from the City Council, Economic Development Commission, and business leaders from across the city.
The planning process started in early 2019 and will be substantially complete by the end of 2019. A second citywide informational meeting will take place in the Fall for the public to review the draft economic development strategy.
“The economic development strategy is expected to include a number of topics,” said Paul Ellis, director of Economic Development for Fairview Heights. “It will include strategies for cluster industries (industries with the greatest growth potential), small business and entrepreneurship, business and talent retention and expansion, place-based growth, incentive programs, equitable growth, financial resiliency, tourism and marketing.”
For more information about the economic development strategy, contact Ellis at (618) 489-2033.