The flow of capital and employment into the community. This refers to the way that businesses interact, the balance of tourism and localism, and what opportunities may exist for people to find fulfilling employment.
Actions in this section include ways to support local businesses, determining what makes a complete community from an economic perspective, and ways to increase alternative means of commerce such as the sharing economy.
Relationship to Existing Plans/Initiatives:
The economy is addressed significantly in Envision 2020, with a focus on local businesses and a complete community. These efforts also align with the efforts of the Mayor’s Economic Development Task Force and the focus of the Nederland Downtown Development Authority as well as aligning with the Comprehensive Plan.
- Move to an economic paradigm that supports collaboration, local labor, and the ability to reach economic satisfaction within the community.
- Move toward a localized economy.
D. Community Dialog - #NedZero #CommunityDialog
- 5D-01: Ensure Tax Increment Financing (TIF) funds are being allocated in line with the Nederland Downtown Development Authority's (NDDA's) Plan of Development and the goals of the Board of Trustees; identify ways to build in sustainable items as part of the NDDA’s Strategic Master Plan.
- 5D-02: Create or review a Nederland Downtown Development Authority Strategic Master Plan on an regular basis; specifically address sustainability as part of the plan
Q. Downtown Culture - #NedZero #DowntownCulture
- 5Q-01: Investigate possibility of supporting and/or co-ordinating a local downtown event - such as continuing the First Friday Art Tours.
- 5Q-02: Develop green business certification program
R. Local Resources - #NedZero #LocalResources
- 5R-01: Develop community (or neighboorhood level) tool sharing organization
- 5R-02: Form NedCompost as a 501(c)3, Sell all or most of the finished compost (NedCompost), Double NedCompost Compost customers
- 5R-03: Explore partnerships with local businesses to provide backyard gardening materials (e.g., composters, greenhouses) at a discount.
X. Resilient Economy - #NedZero #ResilientEconomy
- 5X-01: Work with Planning Commission, Town Staff and Board of Trustees to study revisions to the municipal code, specifically the mixed use zoning requirements that may present a barrier to redevelopment or infill in the Downtown Core.
- 5X-02: Encourage business owners to form collaborative partnerships that may reduce the cost of doing business in Nederland and as well as its impact on the environment, such as food/ product delivery, marketing programs, employee retention, etc.
- 5X-03: Work with local business owners on an ongoing basis to identify how local stores could better meet the needs of Nederland residents.
- 5X-04: Meet regularly with the leadership of Eldora Mountain Resort (and the Colorado Association of Ski Towns) to ensure a continuous Town/Eldora dialogue between the two of plans and programs that might affect the other (e.g., transit, Mountain shuttle, tourism initiatives, and resort improvements).
- 5X-05: Continue to work with the Mayor's Economic Development Task Force to explore alternative economic opportunities for the community.
- 5X-06: Promote development of a hyper local credit union
- 5X-07: Investigate the hurdles and opportunities for a local currency
- 5X-08: Encourage cottage industry in town and ensure the Municipal Code supports this.
- 5X-09: Continue to support the Community Center as business incubator space for food products.