The updated economic development action plan should result in: • Strategies for developing a targeted business recruitment plan. • Strategies to diversify the employment base in emerging of growing industry clusters. • Strategies to build upon the concentration of healthcare, finance, and retail services in the community. • Strategies to increase efforts to lure advanced manufacturing and clean industrial uses. • Strategies to attract qualified employees to the community. • Strategies to leverage the existing workforce's education and training. • Strategies to fill vacant office space in the City. • Development of specific economic development policies and procedures for implementing economic development financial incentive programs. • Analysis of current economic development incentives offered locally and by competing cities. • Specific policies and procedures to incentivize businesses to remain in the City and funding options for such incentive plans.