Glasgow Daily Times, Glasgow, KY

Business

March 12, 2014

IDEA board targets priorities for development

GLASGOW — Board members and guests of the Industrial Economic Development Authority of Glasgow and Barren County met Wednesday morning to develop strategic priorities.

Board chair Owen Lambert said after the meeting that this was the third strategic priorities meeting the board has conducted in the decade or so he’s been on the panel. He said the process of making the priority list helps the board “refocus our strategies.”

Lambert also said the IDEA board did not previously share its plan with strategic partners, but that “sharing it and developing buy-in from partners is one our goals. It will keep us all responsible for moving forward.”

The meeting opened in the IDEA board room with a list of 20 items for consideration, built from ideas submitted by board members. Lambert laid ground rules about what could be discussed during the open meeting and advised participants to avoid topics such as specific projects or property locations and possible industrial or business clients.

The intent was, through discussion and consensus, to reduce the list to priority concerns. By the end of the nearly four-hour work session, the list had been reduced to nine key items. Lambert told board members he would make the final language of the agreed-upon list available to them soon.

The nine items included:

• Deal with real estate held by IDEA.

• Work with other agencies to streamline future development cooperation.

• Increase public awareness of the role of IDEA in the community through a variety of efforts.

• Develop permanent funding sources that will create financial stability for IDEA.

• Create financial framework and plans for construction of spec buildings.

• Identify future possible industrial sites.

• Encourage road plan projects and other projects that meet the initiative of the board and expansion of educational projects.

• Develop a Cave City industrial park.

• Streamline the local development review process for prospective industry.

The board went into closed session twice to discuss real estate.

IDEA Executive Director Dan Iacconi was appointed to develop a timeline for the priority items. Lambert told the board members they would later be assigned items to oversee.

The IDEA board has a regularly scheduled meeting at 8 a.m. Friday on the second floor of the U.S. Bank building.

Read more in the print or digital Glasgow Daily Times. http://glasgowdailytimes.cnhi.newsmemory.com/

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