Strategic Plan - Conway Area Chamber of Commerce, Conway Development Corporation

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The basis for the long-range strategic plan for the Conway Area Chamber of Commerce and the Conway Development Corporation is partially based on the results of the Conway2025 visioning and planning process.

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<ul><li><p>CONWAY DEVELOPMENT </p><p>CORPORATION </p><p>CONWAY AREA </p><p>CHAMBER OF COMMERCE </p><p>STRATEGIC PLAN </p><p>2011-2015 </p></li><li><p>Conway Development Corporation Conway Area Chamber of Commerce </p><p>Page 2 of 17 2011-2015 Strategic Plan </p><p> INTRODUCTION </p><p> The basis for the long-range strategic plan for the Conway Area Chamber of Commerce and the </p><p>Conway Development Corporation is partially based on the results of the Conway2025 </p><p>visioning and planning process. Designed, organized, and executed by the Conway Area </p><p>Chamber of Commerce, the yearlong process was completed in October 2010. </p><p> Modeled after several other successful community-based visioning and planning processes, </p><p>Conway2025 was based on a survey tool that was available electronically. In addition, paper </p><p>copies were available at specially designed kiosks placed in high-traffic locations, including </p><p>coffee shops, fitness centers, and the county library. More than 1,400 people completed the </p><p>survey, which asked respondents to prioritize 43 possible focus areas. An eight-person steering </p><p>committee took those responses and prioritized them into 12 categories that were ranked as the </p><p>most important issues facing the community. </p><p> More than 200 volunteers served on committees to develop action items for each category. After </p><p>50 meetings, the committees identified 132 individual goals. The final Conway2025 document </p><p>was presented to the public for the first time at the Chambers Business Expo Breakfast in </p><p>October 2010. Steering committee members voted to place the responsibility for managing the </p><p>implementation of the plan with the Chamber. Both the Chamber and CDC Boards of Directors </p><p>adopted a number of the goals as their respective responsibilities in January 2011. Other entities </p><p>(the City of Conway, Conway Public School System, and Conway Alliance for the Arts) are </p><p>assuming responsibility for other sections of the plan. </p><p> The Boards identified other long-range goals in January 2011, which they review yearly. </p></li><li><p>Conway Development Corporation Conway Area Chamber of Commerce </p><p>Page 3 of 17 2011-2015 Strategic Plan </p><p> COMMUNITY DEVELOPMENT </p><p>Any successful economic development program </p><p>has a basis in community development. The </p><p>Chamber and CDC will lead certain community </p><p>development efforts in the city. The primary </p><p>community development activity of the </p><p>Chamber is the beautification of major </p><p>thoroughfares in the city. Some young </p><p>professionals are choosing to live in other cities </p><p>because of a lack of downtown multi-family </p><p>housing, and the market is not responding. The </p><p>CDC will explore the possibility of filling the </p><p>development role. </p><p> Harkrider Street near Hendrix College </p><p> Create and implement a master plan to redevelop the Interstate 40 corridor through </p><p>Conway, including landscaping, unified decorative bridge design, and lighting while </p><p>highlighting natural features, such as Lake Conway </p><p>Master Plan Complete </p><p>Timeline: 2011 </p><p>Formal Adoption of the Plan by Conway City Council </p><p>Timeline: 2012 </p><p>Establish costs and funding mechanism for bridges </p><p>Timeline: 2012 </p><p>Coordinate project with the expansion of Interstate 40 </p><p>Timeline: 2015 </p><p> Establish landscaping plans for major thoroughfares and roundabouts (coordinating </p><p>with construction projects with City of Conway) </p><p>Harkrider Street (between Hendrix College and Oak Street) </p><p>Timeline: 2012 </p><p>Prince Street (between Donaghey Avenue and Salem Road) </p><p>Timeline: 2013 </p><p>Dave Ward Drive </p><p>Timeline: 2013 </p><p> Redevelop Oak Street into an attractive corridor between downtown and the Interstate </p><p>40 shopping corridor </p><p>Establish long-term plans/needs with City and Arkansas Highway &amp; </p><p>Transportation Department </p><p>Timeline: 2012 </p></li><li><p>Conway Development Corporation Conway Area Chamber of Commerce </p><p>Page 4 of 17 2011-2015 Strategic Plan </p><p> Select Master Planner </p><p>Timeline: 2012 </p><p>Master Planning Process </p><p>Timeline: 2013 </p><p>Establish timeline and probable funding sources for completion </p><p>Timeline: 2013 </p><p> Establish a cohesive plan to connect institutions (University of Central Arkansas, </p><p>Conway Regional Health System, Conway High School, Central Baptist College, and </p><p>Hendrix College) through downtown Conway with dedicated, decorative sidewalks and </p><p>promenades. </p><p>Master Plan </p><p>Timeline: 2012 </p><p>Potential Funding Sources Identified </p><p>Timeline: 2012 </p><p>Establish timeline and probable funding sources for completion </p><p>Timeline: 2013 </p><p> Determine the market potential for downtown multi-family housing while identifying </p><p>potential sites, partners, and financing mechanisms. </p><p>Timeline: 2012 </p><p>CONVENTION &amp; VISITORS BUREAU </p><p>Although new, the partnership between </p><p>the A&amp;P Commission and the Chamber </p><p>has grown dramatically. The </p><p>establishment of a recognizable </p><p>Convention and Visitors Bureau is </p><p>important to the city. The Chamber will </p><p>work to position Conway as a preferred </p><p>destination for specific types of business </p><p>travel and group sports, while working </p><p>to grow the citys place as a regional </p><p>center for shopping, dining, and </p><p>entertainment. </p><p> Establish a group sports </p><p> Outdoor Movie at Hendrix Village </p><p>marketing strategy for the city utilizing all available resources (City of Conway, </p><p>Conway High School, University of Central Arkansas, Hendrix College, Central Baptist </p><p>College, Conway Christian School, and St. Joseph Catholic Schools) </p><p>Timeline: 2011 </p></li><li><p>Conway Development Corporation Conway Area Chamber of Commerce </p><p>Page 5 of 17 2011-2015 Strategic Plan </p><p> Continue promoting Conway through television, print, and other advertising in the </p><p>region </p><p>Timeline: Ongoing </p><p> Create a plan for a downtown hotel/convention center/performing arts complex in </p><p>downtown Conway </p><p>Identify Sites </p><p>Timeline: 2012 </p><p>Identify stakeholders/partners </p><p>Timeline: 2013 </p><p>Develop conceptual plans </p><p>Timeline: 2013 </p><p>Identify funding mechanisms </p><p>Timeline: 2014 </p><p>ECONOMIC DEVELOPMENT </p><p>A successful economic development program is </p><p>the cornerstone of the Conway Area Chamber of </p><p>Commerce and Conway Development </p><p>Corporation. The economic impact of, and our </p><p>roles in, business recruitment and expansion </p><p>should be well known and easily communicated </p><p>by the entire staff. Connecting the program to </p><p>membership in the organization should be </p><p>paramount. </p><p> ESTABLISHED BUSINESS AND </p><p>INDUSTRY </p><p> Southwestern Energy Regional Headquarters </p><p> A strong, established business and industry program is an important piece of an overall </p><p>economic development program. Understanding the local economy through company </p><p>leadership is a barometer for the overall health of a community and provides opportunities to </p><p>assist in growing those companies. </p><p> Expand the scope of the established business and industry visitation program to include </p><p>all major employers (adding retail, energy, services, etc.) </p><p>Timeline: Annually </p><p> Establish an Executive Forum (plant managers, facility managers, etc.) that meets at </p><p>least three times a year </p><p>Timeline: Annually </p></li><li><p>Conway Development Corporation Conway Area Chamber of Commerce </p><p>Page 6 of 17 2011-2015 Strategic Plan </p><p> PROPERTY IDENTIFICATION </p><p> Much of the historic </p><p>success of the CDC has </p><p>been a large and diverse </p><p>land inventory that the </p><p>organization owned. </p><p>Controlling property </p><p>allows for quick decisions </p><p>and aggressive incentive </p><p>packages. The CDC should </p><p>work to identify and </p><p>control property for the </p><p>citys economic </p><p>development needs for the </p><p>next several decades. </p><p> Hewlett-Packard Building in The Meadows Office and Technology Park </p><p> Identify potential industrial and office sites in the City of Conway that could or should </p><p>be preserved for those uses and a plan to purchase or control them </p><p>Timeline: 2012 </p><p> Lead the effort to redevelop the existing Conway Airport </p><p>Work with City of Conway to determine ownership structure of property </p><p>Timeline: 2012 </p><p>Select Master Planner </p><p>Timeline: 2012 </p><p>Begin actively marketing the site </p><p>Timeline: 2013 </p><p>Property becomes available for development </p><p>Timeline: 2014 </p><p> Formally partner with neighboring communities/counties to identify regionally </p><p>significant sites for development (Vilonia, Morrilton, Little Rock, etc.) </p><p>Timeline: Ongoing </p><p> Work with the City of Conway to establish a new economic development fund with </p><p>public money to use in assisting with property acquisition and development </p><p>Timeline: 2012 </p></li><li><p>Conway Development Corporation Conway Area Chamber of Commerce </p><p>Page 7 of 17 2011-2015 Strategic Plan </p><p> MARKETING </p><p> Understanding the economic development environment and how to influence appropriate </p><p>audiences is important with limited marketing resources. The Chamber and CDC will prioritize </p><p>marketing resources and take advantage of partnership opportunities as they exist. </p><p> Continue participating in all cooperative, site consultant, marketing events with the </p><p>Arkansas Economic Development Commission (Chicago, Dallas, and Atlanta) </p><p>Timeline: Annually </p><p> Continue updating CDC website with relevant property and economic information to </p><p>ensure it is a go to site for economic development information in Conway </p><p>Timeline: Monthly </p><p> Create a targeted marketing campaign for smaller companies that may not use site </p><p>location consultants for location decisions </p><p>Timeline: 2013 </p><p> ENTREPRENEURSHIP </p><p> The Conway business community has a long history of successful entrepreneurs. Several of the </p><p>citys largest employers are home grown. With three institutions of higher education, the city is </p><p>perfectly situated for additional entrepreneurial opportunities. </p><p> Develop a local Guide to Doing Business document available in print and online </p><p>Timeline: 2012 </p><p> Develop an incubator for knowledge-based companies and small businesses in </p><p>downtown Conway </p><p>Identify potential buildings/sites </p><p>Timeline: 2012 </p><p>Identify funding mechanisms </p><p>Timeline: 2012 </p><p>Create plan for implementation </p><p>Timeline: 2013 </p></li><li><p>Conway Development Corporation Conway Area Chamber of Commerce </p><p>Page 8 of 17 2011-2015 Strategic Plan </p><p> SMALL AND MINORITY BUSINESS </p><p> The majority of Chamber members are small businesses and a growing number are minority- </p><p>owned. The Chamber should develop a strong small and minority business program to assist </p><p>their growth and understand challenges facing them. </p><p> Develop a robust small and minority business program </p><p>Inventory and identify minority-owned businesses in the Chamber </p><p>Timeline: 2012 </p><p>Develop a small business mentor program </p><p>Timeline: 2012-2013 </p><p>Develop and implement a small business survey tool regarding local business </p><p>environment </p><p>Timeline: 2012 </p><p> Hire a full-time employee dedicated to small and minority business development </p><p>Timeline: 2014 </p><p>EDUCATION </p><p>Higher education has been the </p><p>cornerstone of the citys </p><p>economy for more than 100 </p><p>years. The Chamber has been </p><p>involved in recruiting and </p><p>supporting higher education </p><p>opportunities since 1891. The </p><p>Chamber will look for </p><p>innovative ways to support the </p><p>educational infrastructure of </p><p>the community. </p><p> Examine Toad Suck </p><p>Daze scholarship </p><p> Academic Signing Day </p><p>programs and determine if they are still the highest and best use of festival proceeds </p><p>with the proliferation of lottery scholarships (PreK, STEM, etc.) </p><p>Present an official recommendation to the Toad Suck Daze Committee and </p><p>Chamber Board </p><p>Timeline: 2012 </p><p>Implement any proposed changes </p><p>Timeline: 2013 </p><p> Grow student recognition programs building off Academic Signing Day </p><p>Timeline: Ongoing </p></li><li><p>Conway Development Corporation Conway Area Chamber of Commerce </p><p>Page 9 of 17 2011-2015 Strategic Plan </p><p> FACILITIES/PROPERTY </p><p>The Conway Area Chamber of Commerce is the front door for the community. Facilities should </p><p>always reflect the progressive nature of the city and business community. With strategic </p><p>partnerships increasing, the need for additional staff is increasing. Chamber leadership should </p><p>have a master plan to accommodate growth. These facilities should include the Earl Rogers </p><p>triangle property at Oak and Van Ronkle Streets to create a new entrance feature and park </p><p>area for downtown Conway. </p><p> Develop plans for future expansions of </p><p>Chamber (new conference facility and </p><p>suite of offices) </p><p>Timeline: 2011 </p><p> Identify potential large donors to fund </p><p>capital projects </p><p>Timeline: 2011 </p><p> Secure funding and/or financing plan </p><p>for construction of the expansion area </p><p>Timeline: 2012-2013 </p><p> Construct Chamber expansion area </p><p>Timeline: 2014 </p><p> Develop master plan for Earl Rogers </p><p>Chamber Park </p><p>Timeline: 2011 </p><p> Work with Rogers family and the City </p><p>of Conway to secure property and </p><p>revenue sources to construct</p><p>improvements for Earl Rogers Chamber </p><p>Park </p><p>Conway Area Chamber of Commerce Building </p><p>Timeline: 2013 </p></li><li><p>Conway Development Corporation Conway Area Chamber of Commerce </p><p>Page 10 of 17 2011-2015 Strategic Plan </p><p> GOVERNMENT AFFAIRS/ADVOCACY </p><p>The Chamber has worked to position itself as the voice of business to all levels of government. </p><p>Chamber staff will develop and maintain relationships with elected officials and staff. The </p><p>Chamber will develop a Federal and State Program of Work and advocate for specific project </p><p>completion. The Chamber will be a resource for small business </p><p>interaction with local, state, and federal government. </p><p>FAYETTEVILLE SHALE The development of the Fayetteville Shale in north central Arkansas </p><p>has propelled Arkansas into a major energy-producing state. </p><p>Conway and Faulkner County have been the recipients of hundreds </p><p>of natural gas related jobs and the industry has helped the local </p><p>economy grow during the last recession. Natural gas and energy </p><p>issues at the state and federal levels have a direct impact on the </p><p>economy of the area. </p><p> Establish the Chamber as the lead community-based </p><p> Drilling Activity in the </p><p>Fayetteville Shale </p><p>organization that advocates for the protection and future development of the </p><p>Fayetteville Shale and natural gas/petroleum industry in Arkansas </p><p>Timeline: Ongoing </p><p> Lead other Chambers in the state and region in opposing any legislation that is harmful </p><p>to the oil/gas industry at the state or federal level </p><p>Timeline: Ongoing </p><p> Establish the Chamber as the primary advocate for the use of Compressed Natural Gas </p><p>in Arkansas </p><p>Research and identify public and private opportunities for the construction of a </p><p>CNG fueling station in Conway </p><p>Timeline: 2012 </p><p>Acquire a CNG vehicle to use for educational purposes </p><p>Timeline: 2011 </p><p> Establish, staff, and house the Fayetteville Shale Energy Education Council to become </p><p>the statewide resource of scientific-based information about the natural gas industry in </p><p>Arkansas prior to the 2013 legislative session. </p><p>Timeline: 2012 </p><p> Establish a staff position to create a grass-roots network for the natural gas industry in </p><p>the state prior to the 2013 legislative session. </p><p>Timeline: 2012 </p></li><li><p>Conway Development Corporation Conway Area Chamber of Commerce </p><p>Page 11 of 17 2011-2015 Strategic Plan </p><p> TRANSPORTATION </p><p> The Chamber and Conway Development Corporation have been integral partners with the City </p><p>of Conway in the development and funding of major transportation projects. From site </p><p>acquisition of the new Conway Airport to the expedited funding of the southern Conw...</p></li></ul>