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6.3 Economic Development Goal: Target corporate offices, health care, technology, entertainment, and recreational uses in a business attraction and recruitment. <br />*6.3a Identify an entertainment district, i -Great Northern Mall property Mid -Long <br />looking at repositioning the Great i -Reinventing existing space Term <br />Northern Mall property for a potential 1 <br />location. -Examine creating a DORA (Designated Outdoor Refreshment Area) in this district <br />6.3b Focus on mixed -use, offering <br />Lorain Road Corridor <br />a residential component for new <br />-Additional variety of housing for residents of all ages <br />development and redevelopment. <br />6.3c Include recreational and open or <br />-Lorain Road Corridor <br />natural spaces as requirements for any <br />' -Active and passive gathering areas for residents and visitors <br />new development and redevelopment. <br />6.3d Utilize the City Land Bank Program -Lorain Road Corridor <br />through the CIC to reposition assets for ; _Acquiring vacant, abandoned, tax delinquent, or underused properties for redevelopment <br />more efficient redevelopment. purposes <br />6.3e Create three new incentive <br />-Commercial and industrial businesses <br />programs to attract targeted industry <br />-Enhance other existing economic development designations/mechanisms <br />sectors that accelerate investments, <br />support small and entrepreneurial <br />i -Research & Development Innovation Investment Grant Program <br />ventures, generate wealth, and account <br />-Real Estate Development Investment Fund <br />for changing business and community. <br />I _Revolving Loan Fund Enhancement Program <br />Mid -Long <br />Term <br />Mid -Long <br />Term <br />Short Term <br />Mid -Long <br />Tenn <br />ECDD <br />CED <br />Dev <br />BPO <br />cc <br />ECDD <br />TIP <br />Dev <br />NCA <br />BPO <br />TMUD <br />CC <br />BIDJSID <br />ECDD <br />ODNR <br />R&PE <br />LVVCF <br />Dev <br />TIF <br />BPO <br />;NCA <br />BID/SID <br />ECDD <br />Tax Foreclosure Funds ) <br />CIC <br />OHFA <br />NIP <br />CDBG <br />Private j <br />ECDD <br />EDA <br />BAC <br />BIDJSID <br />cc <br />CDFI <br />AAC <br />CRA <br />FD <br />TIF <br />CIC <br />Foundations <br />Tax Foreclosure Funds <br />Private <br />