Powell City Council at its Nov. 19 meeting approved a resolution to adopt a new economic development plan that will establish policies and procedures for new businesses coming into the city.
The plan has been in the works for some time in a collaboration of the finance and development departments and council's finance committee. It's the first of its kind for Powell.
"It wasn't really necessitated by anything; it just provides the city a good outline of what the current incentives are for business, and gives us a plan that puts in different ways that we can measure those incentives," city spokeswoman Megan Canavan said. "It outlines the types of businesses we're trying to recruit and gives a better outline of what different ways we're going to measure success."
Canavan called the plan "pretty expansive" and said it will focus largely on the types of businesses the city believes will be successful additions to Powell.
"We have some things as far as different industries -- medical, engineering, tech firms -- those are the things we could really house (in Powell)," she said. "Those are some of industries listed out in the plan."
The plan is meant to make existing processes and programs -- such as the city's business incubator, a city-owned space for jump-starting new businesses -- work together more efficiently and to put everyone on the same page.
"It's a good document to streamline everything," Canavan said.
Also at last week's meeting, council passed a resolution to provide municipal services to five acres of newly annexed land along Sawmill Parkway.
Canavan said the space hasn't been through planning and zoning processes yet, but an independent-living facility is planned for the space.
Services provided by the resolution would include 24-hour police protection, planning and zoning, certified building plan review and inspection, street maintenance and repair, storm drainage maintenance, engineering plan review, and inspection and parks and recreation programming.
A budget for 2014 was introduced for its first reading at the meeting and will be read for the second time at council's meeting Tuesday, Dec. 3.