3. EDSR 07-21-2014 , ,tvo.
Elk -�-- Request for Action
River
To Item Number
Economic Development Authority 3.0
Agenda Section Meeting Date Prepared by
N/A July 21, 2014 Brian Beeman, Director of Economic
Development
Item Description Reviewed by
Discuss 2015 EDA Budget&Budget Goals for Jeremy Barnhart, Deputy Director, CODD
adoption at the August 18, 2014 Regular EDA
meeting. Reviewed by
Action Requested
Information presented for discussion only. Action is to be taken at the August 18, 2014 EDA meeting.
Background/Discussion
As part of the budget process, a budget workshop is advisable to allow for informal discussions regarding
the goals and objectives, major projects, and other items influencing the EDA budget.
To this end, staff has prepared a draft budget that attempts to address several of the goals outlined in the
strategic plan, downtown plan, the City's vision worksheet, and recent EDA discussion. In order to meet
the requirements of the EDA Bylaws, the EDA must approve the budget at their August 18, 2014 regular
meeting and make recommendation to the City Council at the September 2,2014 regular meeting.
The City Council is moving toward a biennial budget, so fiscal years 2015 and 2016 are shown on the
worksheet. The EDA will review the 2016 budget at this time,next year.
As drafted, the proposed expenditures are $290,100. Major initiatives include participation in the
Positively Minnesota Program and the Shovel Ready Certification Program through the Department of
Employment&Economic Development (DEED.
A recent law change now has the EDA levy rate being applied against Estimate Market Value versus
Taxable Market Value.
The EDA levy options are as follows:
1) Balanced rate (.01479%) = tax revenue of$282,100 (this would be if the EDA did not want to add or
draw against reserves for the 2015 budget)
2) Previous and Maximum rate (.01813%) = tax revenue of$345,743 (this would be if the EDA desires
to add additional revenues into the EDA reserves for 2015)
P011E1E1 11
Template Updated 4/14 NATURE
All levy options are applied against the Estimate Market Value obtained from Sherburne County of
$1,907,026,900. In addition to the tax levy we also calculate interest income of$4,500 and$3,500 transfer
from the HRA for supplies and shared costs.
Executive Director, Brian Beeman to review the EDA Budget Goals and preliminary 2015 Budget.
Financial Impact
None.
Attachments
• EDA 2015 Budget Goals
• 2013-2016 EDA/HRA Strategic Plan
• EDA Budget Worksheet
N.\Departments\Community Development\Economic Development\EDA\Administrative\Agenda\EDA Agenda Packets\Year2014\7-21-2014
Budget Workshop\Ib 3.0 sr I?DA Budget Discussion docxDocumcnt2
Division Performance Measures & Goals for 2015
Division: Economic Development/EDA
Completed by: Brian Beeman
Date: May 22, 2014
Performance Measure 2013 Actual 2014 Estimated 2015 Projected
Conduct 12 BR&E visits 0 12 12
Contact 6 businesses re:microloan 6 6 6
Contact at least 3 Data Centers to 0 3 3
attempt to recruit to Elk River
Obtain positive publicity via at least
3 newsletters each year 3 5 5
Advertise in at least 3 National
Publications with at least 5000
subscribers 3 3 3
Personally connect with at least 150
new partners 150 150
Related Vision Statement
Division Goal Goal/Objective Comments
Identify locations for Data Centers, City Vision Statement.Opportunities& EDA Determine utility capacities,private land owners,available lots,zoning,
then market sites for recruitment Strategic Plan Business Development etc.Work with County and other city departments to update the Data
Center packet.
Market retail,Tap Rooms,&other Mississippi Connections'Priority Project From Marketing Funds,create available property listing then actively
highly desirable businesses to the recruit.Possibly create a specific Tap Room brochure.
Downtown Area
Promote ED incentive programs and EDA Strategic Plan:Business Development Update brochures,Face Book,Twitter,Press Releases,Business&Trade
available land Magazines,etc.
Maximize&leverage DEED monies EDA Strategic Plan:Business Development Identify new DEED programs and update Business Financial Toolkit
as often as appropriate Brochure,including the proposed new 4th Microloan,new DEED Job
Contact and network directly with City Vision Statement.Opportunities&EDA Strategic recruiting:Attend targeted industry(Data Centers,
real-estate developers,and target Strategic Plan.Business Development Manufacturing,Energy,Medical Device Technology)tradeshows,identify
industry decision makers the key decision makers,provide FAM tours of city,coordinate
Obtain Shovel Ready Certification City Vision Statement:Opportunities& EDA$3250 for each DEED Certification site.Once certified,DEED will promote
status on County owned Data Center Strategic Plan:Business Development our sites as they attend National&International tradeshows&expos,&
Site,North Star,and NEBC I&II state website.
Business Parks
Assist in reducing the barriers for Establish a wetland bank to facilitate new development where wetlands
construction impede growth;shared responsibility with EDA/Planning/Environmental
BUSINESS DEVELOPMENT
Attract new businesses and support existing businesses to increase the city's industrial tax base,
commercial tax base and employment base.
INDUSTRIAL STRATEGIES
> Promote available sites, encourage business retention and expansion to grow existing
light industrial base with business recruitment/attraction techniques
> Diversify economic base to include professional services, corporate campuses, energy-
related companies, and technology businesses
> Review existing programs, resources, and services and recommend improvements to
increase competitive advantage and support goals
➢ Explore creative economic development collaborations
> Utilize Energy City and its tools to recruit new and assist existing businesses
COMMERCIAL STRATEGIES
> Promote available sites, encourage business retention and expansion to grow existing
commercial base with business recruitment/attraction techniques
> Diversify economic base to include a wide variety of retail and service industries, as well
as additional fine dining opportunities
> Review existing programs, resources, and services and recommend improvements to
increase competitive advantage and support goals
D Explore creative economic development collaborations
➢ Enhance commercial district through business recruitment and activities
ACTION STEPS
• Complete minimum of one BRE visit a month (manufacturers and top employers) and distribute
Business Finance Toolkit, Available Sites, Community Profile, Energy City Brochure, Business
Recycling Toolkit and other pertinent information.
• Promote available sites through exhibits at various expos(minimum 2x/yr.)
• Utilize 171st FAST implementation plan to create a marketing piece for Nature's Edge Business
Center and an annual redevelopment action plan to monitor progress of implementation
• Partner with ERMU to identify applicable rebates for available city-owned property
• Promote applicable incentives through direct mailings(minimum 3x/yr.)
• Promote Elk River to the restaurant industry through website
(www.elkrivermn.gov/restaurants), direct mailings, Constant Contact email blasts and other
marketing venues
• Partner with Elk River Area Chamber of Commerce to coordinate Chamber goals with economic
development goals through various implementation tasks
• Utilizing economic development publications make contact with businesses looking to expand,
relocate,etc.
• Review Micro Loan Program and recommend improvements to increase competitive advantage
and support goals
• Partner with ECC and ERMU to explore a joint incentive to attract energy-related technology
businesses
• Partner with local schools and manufacturers to hold quarterly meetings to encourage students
to explore a career in manufacturing through plant tours, youth apprenticeship programs,
energy city tours and programs, and job shadowing
• Launch a powerful website for the Elk River Economic Development Department
• Demonstrate support for existing manufacturers and raise awareness regarding their impact on
the community through various promotional activities and tours during Minnesota
Manufacturers Week
• Identify target industries (e.g. data centers, energy-related companies,fine dining
establishments, etc.)and create specific marketing pieces to identify advantages and programs
to assist in business recruitment
• Host quarterly Manufacturers' Connection events with local manufacturers to promote financial
incentives, resources and relevant topics to promote business retention and appreciation
• Build a targeted industry and trade media databases and send press releases 6x per year.
• Produce an energy conservation best-practices brochure to provide to businesses
• Coordinate with Energy City to plan and market energy city events e.g. Energy City Business of
the Year
• Partner with Energy City and the Streets Department to promote proper disposal of Fats, Oils
and Grease through videos, flyers, emails,social media, and other media
REHABILITATION AND REDEVELOPMENT
Undertake strategies that facilitate rehabilitation and redevelopment of aging commercial, industrial
and residential areas to ensure private reinvestment and sustainability.
COMMERICAL/INDUSTRIAL STRATEGIES
➢ Maintain a listing of available commercial/industrial sites
➢ Promote available sites through various marketing initiatives
➢ Identify and examine potential areas for revitalization
➢ Review existing programs, resources, and services and recommend improvements to
increase our competitive advantage and support goals
➢ Enhance downtown commercial district through business recruitment and people-
generating activities
ACTION STEPS
• Update windshield survey quarterly and post on website
• Feature available property in quarterly'Energized by Development' electronic newsletter
• Promote www.elkriversites.com on billboard 1x/yr. (changed quarterly)
• Partner with downtown business association and civic groups to promote existing and explore
new downtown activities
• Partner with Elk River Area Arts Alliance to explore funding concepts for an arts center within
the downtown study area
• Create and distribute a survey to businesses to identify recommended improvements to existing
programs, resources and services, in addition to identifying preferred methods of
communication to improve Elk River business climate
• Identify current property owners' and businesses' interest in redevelopment efforts both north
and south of HWY 10 and in 171st Focused Area Study area
• Create a redevelopment policy regarding capitalizing the HRA development fund and identify
parameters for purchasing parcels
• Create and distribute comprehensive business directory to promote downtown Elk River
• Partner with the Elk River Area Chamber of Commerce to hold annual event to promote
economic development resources and incentives(Juice Up Your Morning, Chamber luncheon,
Money Breakfast, etc.)
• Create a short video promoting available sites and applicable initiatives to distribute through
social media outlets, constant contact and website
RESIDENTIAL STRATEGIES
➢ Maintain listing of vacant/foreclosed properties
> Address housing gaps with Comprehensive Housing Market Study recommendations
> Proactively review neighborhoods annually to ensure all home are properly maintained
through the code enforcement process
> Seek and promote available programs to improve existing housing stock and incentivize
homeownership
➢ Provide educational opportunities regarding foreclosure prevention and housing
assistance programs
ACTION STEPS
• Continue to work with applicable departments and entities to maintain internal foreclosure
tracking spreadsheet
• Distribute MN Home Ownership Center foreclosure prevention, Energy City conservation
brochure, and Elk River Housing Toolkit information to local lenders, realtors, churches, non-
profits, builders,etc. (minimum 4x/yr.)
• Partner with staff to devise a neighborhood inspection plan to ensure all homes are properly
maintained through the code enforcement process
• Utilize housing intern to research programs available to Elk River residents to improve existing
housing stock and incentivize homeownership
• Partner with North Metro Realtors Association to explore the creation of in house housing
programs(down payment assistance, housing rehab, etc.)
• Partner with applicable non-profits(MNHOC,Tri-CAP, etc.)to hold educational events to
promote foreclosure prevention and housing programs(minimum 2x/yr.)
• Identify a partner housing organization to fund and support a selective housing removal and
rebuilding program
• Host an annual Realtors' Day to educate realtors about the programs, processes and amenities
offered by the city
COMMUNITY BRAND
Utilize community brand strategies to effect necessary changes to strengthen and enhance community
image
STRATEGIES
➢ Continue to implement and enhance marketing plan that reflects the Powered by
Nature brand, identifies desired target market(s), and complements other local efforts
to promote the community internally and externally
➢ Maintain existing and build new community support for the Powered by Nature brand
➢ Establish benchmarks for performance measurement
ACTION STEPS
• Work with area businesses and civic organizations to incorporate brand into their marketing
strategies through presentations (minimum 6x/yr.)
• Create PbN logos for area businesses and civic organizations (minimum 6x/yr.)
• Meet with each city department to ensure all documents (staff reports, applications, business
cards, presentations, letterhead, etc.)adhere to brand guidelines as outlined on SharePoint
• Maintain poweredbynature.blog.com site (minimum 3x/wk.)
• Distribute window clings and larger windows signs of the logo
• Distribute brochures explaining the brand to residents to municipal liquor stores, Guardian
Angels, Pullman Place,Sherburne County, local banks,Chamber of Commerce, local hotels, etc.
• Utilize community brand throughout the new Economic Development and citywide website
• Promote the brand, engage residents, and distribute materials at expos (3x per year)and at
events such as Realtors' Day, Leadership Elk River, and Manufacturers Connection
• Create profiles on first-tier business owners in Synchronist—a tracking software used to record
information on local businesses and visits
• Launch an online marketing campaign through pay-per-click and keyword advertising
• Benchmark the impact of the Powered by Nature brand with data from Google Analytics and a
search engine optimization analysis.
TRANSPORTATION
Advocate and support proactive planning for improvements to the local and area transportation system
in a way that will support existing businesses and complement new economic growth.
STRATEGIES
➢ Advocate regional and local transportation improvements
➢ Encourage transportation improvements as part of redevelopment/development
opportunities
➢ Support efforts to leverage local funds with state/federal resources
ACTION STEPS(submitted by City Engineer)
• Increase contact with legislators for state highway transportation improvements
• Complete low cost/high benefit enhancements to improve traffic flow through the existing
street intersections
• Advocate for the continued use and expansion of Northstar commuter rail service.
• Continue implementation of transportation improvements as detailed in the 1715t Focused Area
Study
• Assure all proposed development improvements are consistent with our local and regional
transportation plans.
• Leverage State and Federal investment for mobility improvements to TH 169 and TH 10 with the
already spent local dollars for the planning of improvements to these sections.
• Evaluate all available grant opportunities to determine if the local matching amounts are a cost
effective and feasible solution to support our objectives and strategies.
2015-2016 BUDGET DETAIL SHEET
Dept: Economic Development Authority
Acct. Explanation/Detail of Supplies or Services 2012 2013 2014 BUDGET 2015 BUDGET 2016 BUDGET
No. Actual Actual Detail I Total Detail I Total Detail I Total Comments:
PERSONAL SERVICES
4101 Regular Pay 76,845 60,465 64,650 81,100 86,500
4102 Overtime Pay 78
4103 Part-time Pay 12,652 18210 24,600 12,600 12,600 Commissioner salaries-eliminated Intern
4104 PERA 5,727 4,364 6,650 6,650 7,000
4105 FICA 5,089 4,494 6,050 5,800 6,150
4107 Medicare 1,207 1,051 1,400 1,350 1,450
4108 Insurance 10,744 9,070 13,850 10,450 10,950
4109 Workers Comp 450 357 600 450 450
TOTAL PERSONAL SERVICES 112,792 16,011 137,600 116,400 125,100
SUPPLIES
4201 Office Supplies 2,130 2,396 4.151 0,750, 3.250
Office supplies 2,700 7,800 2,800 Shelving&Filing System
Computer 1,000 1,500 Brian due new computer in 2015,monitors&brackets
Computer Software/Licensing 450 450 450 Full Version Adobe,Laserfiche,etc
4212 Fuels 1 Lubs 35 50 2.100 22,100
Unleaded gas 50 2,100 2,100
TOTALSUPPLES 2,165 2,396 4,200 11,650 5,350
OTHER SERVICES&CHARGES
4304 Legal Fees 9,579 10,037 igall 10,000 10,000
Misc 10,000 10,000 10,000
4319 Other Professional Serous 52,414 7,285 1'_,_0! 10.000 10.000
Brand Plan Implementation 20,000 10,000 10,000 Following Chandler-Thinks Branding Plan
4321 Telephone 1,111 538 1.050 8.050 1,050
Long distance 700 700 700
Pad data plan 350 350 350
4322 Postage 1,410 360 20* 2660 2,000
Marketing mailings 2,000 2,000 2,000
4331 Conferences/Schools 15,472 13,849 151017 ,500 14r80Q _....x2X0.
EDAM 3 3,500 Summer&Winter Conference for one attendee
NDC/IEDC Training 3,700 2,300 2,300 NDC requires coot ED Some IEDC Courses in MN,most out-of-state(I F grants available)
NDC/IEDC Travel 4,800 4,500 4,500 Covers plane tickets,hotel,mileage,shuttle,meals,additional fees
Hemline Econ Dev Certificate 2,200 Second 1/2 payment due January 2015
LMC 850 850 For one attendee,alternate employees every other year
Chamber Events 900 900 Annual Meeting,Oktoberfest,Biz Tool Kit,etc
MREJ 600 600 Data Centers,Roundtables of Knowledge,Annual Land Dev Conf,Energy Summit
MNCAR 150 150 Annual Meeting,Medical Device Conf,Financing,Developer's Seminar,Econ Den Update
CMMA 750 750 For six General Meetings held in different location in Central MN
MN Banker's Assoc 750 750 Annual Conference&one SBA loan training&update
Leadership Elk River 400 Colleen to attend
SLUC 300 300 For one attendee
Springsted 150 150 For one attendee
Misc training 6,600 1,000 1,000 Covers any addrbonal fees,travel,and unexpected important training,U of M BR&E training
Mileage adjustment -3,550 -3,550 subtracted for vehicle assignment
4349 Advertising/Marketing 23,634 48,697 70.200 75,700
Community Profiles 1,200 1200 1,200
Advertising(Production&Publication) 10,950 12,000 12,000 Breakdown Provided as Attachment
Direct Mailings 8,000 6,000 6,000
Business Retention&Expansion Visits 800 800 800 Local Fam Tours
Promo items 8,600 9,000 9,000
Special events 7,500 8,000 8,000 Breakdown Provided as Attachment
Sponsorships 9,000 BM 8,000 Breakdown Provided as Attachment
EDA owned property 7,200 00
7.2 7,200 Market lndustnal Lots
Zoom Prospector Application for Website 4,500 4,500 4,500
Website Maintenance 2,500 website maintenance is paid by general funds
Trade Shows&Lead Generation 10,000 11,000 15,000 Partner with DEED Targeted Industries
DEED Shovel Ready Certification 6,500 $3250 per site,North Star Biz Park is one site,NEBC is second site
4359 Publishing 353 509 400 450 500
Public notices,etc 400 450 500
4361 Insurance 200 200
Open meeting law 150
Vehicle 200 200
4433 Dues/Subscriptions 964 1,764 2.000 2,050 2250
EDAM 600 450 450
Chamber 450 450 450
Two Rivers Assoc 300 Discontinuing Two River's Networking Group
Constant Contact 150 300 300 Fee Increase for 2015
CMMA 200 250 250 $25 Fee Increase for 2015
Minneapols/St Paul Business Journal 100 200 Switched from Finance&Commerce to MSP Business Journal
MNCAR 400 400 We attend several workshops and a couple targeted sponsorships annually
IEDC 400 400
Misc 300 300 300
4440 Miscellaneous 56,066 6,500 3,500 6.500
Initiative Foundation 2,500 2510 2,500 Staff receives training grants each year from the IF
4th of July donation 8,000 8,000 6,000
TOTAL OTHER SERVICES&CHARGES 161,103 03,079 127,300 127,850 116,900
TRANSFERS OUT
51,000 22,400
4720 Transfers 450,000
4721 General Fund 25,000 25,000 31,900 32,000 32,000 Jeremy's Salary
TOTAL ECONOMIC DEVELOPMENT AUTHORITY 751,060 206,486 301,205 290,100 261,350
7/172014
fintivtitt' e
r04.1* Criati
July 8,2014 r
Brian Beeman,MPA
Director of Economic Development
City of Elk River
13065 Orono Parkway
Elk River,MN 55330
Dear Brian,
Thank you so much for meeting with Eric Stommes,Vice President for External Relations at the initiative
Foundation and me last week.It was great to see you again and I am very pleased to let you know that
the Initiative Foundation has approved two recent grant requests for professional development training
for staff at the City of Elk River EDA totaling$1,750.00.
Additionally,since inception over$1.2 million of grant funds have been invested in Sherburne County
including Three Rivers Community Foundation grants,a component fund of the Foundation. For every
local dollar contributed to the Initiative Foundation,$5,72 has been invested back into Sherburne
County through loans,grants and scholarships.
As discussed,I am including a brief history of former loan clients in Elk River. We do not disclose specific
dollar amounts for individual loans due to the fact they are private businesses but total loans in
Sherburne County are$2,935,000 with jobs created or retained of 447.Some of these companies have
ceased operations and our loans were considered uncollectible and subsequently charged-off. Others
are current/active clients.They include:
• Pomeroy Tool, Elk River Machine Tooling
• Key Pattern,Elk River Pattern Design
• Horn Machine, Elk River Millwork Manufacturing
• Marketech, Inc.,Elk River(2 loans) Electronic Testing Service
• ELK RIVER PKG, INC., Elk River(2 loans) Microwavable Packaging
• Rohn Ironworks,Elk River Structural Steel Fabricating
• Sherburne County Insurance, Elk River Insurance Agency
• Brumar, Elk River Welding
• Communication World,Elk River Telecom/phone systems
• Watermark Corporation,Elk River "Fishcam"manufacturer
• Protector Care,Inc.,Elk River Carestair-Half height steps
• Northstar Photonics,Inc.,Elk River High Performance Laser
• Raymond P.Chock Trucking, Elk River Independent Trucking
• Cymbet Corporation,Elk River Lithium-ion Batteries
• K-Netica,Elk River(2 loans) Software Development
• CDC Enterprises,inc.,Elk River(2 loans) Plastic Duct&Insulation Development
• PK Partners, LLC,Elk River Wastewater Treatment Systems
We continue to offer support and assistance in the Elk River area through business loans,grants and
technical assistance. Please contact us if you need any additional information.
Thanks so much for your thoughtful consideration of the 2015 Initiative Foundation request for
contribution of$2,500.
Sincerely,
0/. 0467
Sandy Voigt
Development Officer
cc: Eric Stommes,Vice President for External Relations,Initiative Foundation
Kathy Gaalswyk,President,Initiative Foundation
John E.Babcock,Initiative Foundation Board of Trustees
(320)632-9255
405 First Street SE Initiative
LtttteFalls MN56345 FOUNDATION
"Ye
MEMORANDUM
lfound.org
DATE: June 20, 2014
TO: Brian Beeman, Elk River EDA
FROM: Eric Stommes, Vice President for External Relations
RE: 2015 Budget Request for Initiative Foundation Support
The Initiative Foundation is pleased to submit a request for support in 2015.
We have also included copies for each City Council member and ask that you
please distribute them accordingly.
We will gladly provide an update in person to your City Council at a scheduled
meeting. If that is your desire, feel free to contact Katie Riitters at our toll-free
number 1-877-632-9255 or kriitters @ifound.org to arrange for a presentation.
Thank you
Together we are making Central Minnesota a destination of choice to live, work and play!
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GI Powering Possible Equa opportunity tender prov.der and employer
(320)632-9255
405 First Street SE • Initiative ..,„,' ,
Little Falls MN 56345 FO UNOAT1ON .,,
June 20,2014
ifound.org
Brian Beeman
Elk River EDA
13065 Orono Pkwy NW
EDA, MN 55330-5600
Dear Mr Beeman and members of the Elk River EDA,
Your support is an integral part of what we do to stimulate business growth,create quality jobs and
ensure a climate for economic success.The Central Minnesota economy is showing increased signs of
health, and we believe that 2015—with the right partnerships and investments—will be a strong year
for business expansion and hiring.
For nearly three decades the Foundation has responded to requests for assistance in Central
Minnesota. When organizations want to advance an important project, we respond with grants and
training. When businesses work to expand, we respond with financing and support. When communities
need an ally,we engage local citizens and facilitate public-private partnerships that lead to results.
Our community,organizational and economic development work is supported by a spectrum of public
and private donors who partner with the Foundation to build thriving communities.All of our grant-
making, lending and leadership development activities are designed to create a skilled workforce;to
make Central Minnesota a destination of choice to live,work and play;and to inspire people to share
their time, talent and resources.
To support our critical work in economic growth and community enhancement,we respectfully
request consideration for an investment of$2,500 in 2015.
An Initiative Foundation contribution earns a substantial return on investment. For every local dollar
contributed,the Foundation has returned$5.72 back to Sherburne County in grants, loans and
scholarships.
After your budget is finalized,would you please sign the enclosed commitment form and return it in
the postage-paid envelope?Again,thank you for your consideration and support of our work in the City
of Elk River. Please contact us with questions or to request a staff presentation.
Sincerely,
r
--
Kathy Gaalswyk Eric Stommes
President Vice President for External Relations
ril Powering Possible Equal opportun ty lender provider and rmp dyer
Economy. Community. Philanthropy.
y.
The Initiatiue Foundation: Empowering People to Build, Sustain Healthy Communities
Formed in 1986 by a partnership of regional leaders and The McKnight Foundation,the Initiative
Foundation is one of six unique, nonprofit Minnesota Initiative Foundations serving the regions of
Greater Minnesota.We believe local people- not outside organizations - have the necessary enthu-
siasm, knowledge and relationships to achieve a brighter future
Good Works Supported By Sound Strategy
The Foundation's strategic framework is based on the philosophy that economy,com-
munity and philanthropy are intertwined.This three-pillared approach helps us to
collaborate in truly meaningful ways to unlock the power of each community and all of
Central Minnesota.
Our charitable work is supported by a spectrum of public and individual donors. Earn-
ings from investments in the Foundation's operations and permanent endowment are
returned to Central Minnesota communities through grants, programs and business
financing.
We are proud to serve the 14 counties of Central Minnesota that include
160 hometowns and two tribal nations,each with its own unique character and local assets.
Woven into our fabric is the firm belief that a quality job is the most essential element of
a stable family and a strong community.We offer business loans to secure quality jobs,
I and we invest grants in workforce training to fill these job opportunities.Our goat is to
support local business growth and attract new revenue to the region.
B,SINFSSFINANCING CONSULTING MANIAACTURING TECHNOLOGY ANDE\POR'1NG ECONOMIC WOPUGONCIDEVELOPMFPTGRANTS
Community
' Central Minnesota is defined by its quality of life-the special people. places and or-
ganizations of each hometown.We gather business,nonprofit and government leaders
e.-. 2.1 -1--_, to identify and enhance these unique assets.Working together,we inspire community
service and plan for a brighter future.
COMMUNITY VISIONING AND PLANNING I NONPROF I■TRAINING AND CONSULTING!GRANTS 10 SUPPORT QUALM Y Of LIFE
Philtunthropy
We help donors give back to Central Minnesota and leave a permanent legacy. Every
donated dollar is matched by The McKnight Foundation and returns more than$6 in
grants, loans and scholarships to the region.We also work with families,businesses and
nonprofits to create named funds that support their favorite charities.
DONORSFRV'CES T,.RNNEYCFAPITABLEFUNDS' PROFESSIONAL PJVESTMENIOVERSIGHI TAX-A0VAN1AGEDGI TS
For more information, contact:
Initiative Foundation yf 3
(877)632-9255 I info @ifound.org � ,� t ��ry ��„pg
ifound.org I (877)632 9255 ( /105 first Street SE i Little Falls, MN 56345 „ ,,.r N.= • <
4
if/Initiative
F O U N D A T I O N
t
_i�s " r Initiative Foundation at work in
SHERBURNE COUNTY
789,318
in local donations to the Initiative Foundation.
4 • 5 MILLION
returned to Sherburne County in grants,loans,and scholarships.
Our Mission: Return on Investment
Unlock the power of
central Minnesota people For every local dollar contributed,the Initiative
to build and sustain Foundation has invested $5.72 back into Sherburne
thriving communities. County.All endowment contributions are matched by
The McKnight Foundation.
405 First Street SE
Little Falls, MN 5634
320632.9255 Economic Impact
Ifound.org [1986 to present]
-Awarded 292 grants totaling $1.2 million
-Awarded 232 scholarships totaling $195,325
-42 loans totaling $2.9 million
- Secured 447 quality jobs
- Leveraged $17.7 million in private business financing
riPowering Possible +
S H E R B U R N E COUNTY Investment Highlight
For a full listing of Initiative Foundation investments in Sherburne County, Contact us at(877)632-9255.
Grants Thriving Economy,Thriving Communities
728 Cadets,Inc.Elk River Elk River area marching band scholarships and percussion improvements
City of Big Lake River Oaks park and trail plan
Community Aid of Elk River(CAER) Car care:technology planning for Elk River-area nonprofit,Kidz Kitz
Early childhood school readiness project,Ivan Sand Community High School
Elk River School District technology enhancements,Early Childhood Family Education strengthening
family ties,evening of the arts
Faith in Action Greater Sherburne County,Becker TOP Financial Resiliency through Social Enterprise.services for individuals
and families in crisis
Friends of Sherburne National Wildlife Refuge,Zimmerman Nature Explore Center enhancements
Great River Family Promise,Elk River Aftercare program for Elk River-area families.transportation assistance for
homeless families
Land of Lakes Choirboys of MN Inc.Elk River SingOuti festival
Tri-County Action Program Inc.Elk River Tax preparation for low-income families
YMCA of Greater Twin Cities,Elk River Elk River YMCA.Youth Activity Center and Leaders Club
Business Financing Local Ownership, Quality Jobs
Advanced Extrusion,Inc,Becker Manufacturer of plastic roll stock for consumer/food,electronic and
medical markets
Becker Screenprint.Inc.Becker Commercial garment screen print
Biomatrix.Inc.,Princeton Manufacturer of products for agriculture markets
Gordon Training Center,Princeton Horse training,showing and breeding
PK Partners,LLC dba Miller Environmental,Inc.,Elk River Distributor of wastewater treatment systems
Charitable Funds Activating Generosity
Three Rivers Community Foundation I Archie E Isabelle Powell Family Memorial Scholarship Fund I Friends of Sherburne National Wildlife Refuge Fund I Josh
Richardson Youth Arts Fund I Manufacturing Fund of Central Minnesota I Mel&Jeanette Beaudry Fund I Princeton Economic Development Loan Fund I St.
Cloud State University Microlendmg Fund I ZES Scholarship Fund
Technical Assistance
Passive Components&Laser Works Becker Certifications
Advanced Extrusion.Becker Operational analysis
Becker Machine.Princeton Financial analysis
Community Action The Power of Partnership
Biomatrix,a manufacturer of additives Foundation provided financing for equipment areas surrounding Elk River.Otsego,Rogers
for livestock and companion animals,with used to package the product and Zimmerman
the help of the Initiative Foundation,has The Three Rivers Community Foundation The 728 Cadets Marching Band of Elk
embarked on an effort to produce an algae based in Elk River has set a goal of$3 River received$2.100 to provide support
derived feed product rich in omega-3 fatty million for its endowment The foundation for student scholarships and percussion
acids Omega-3 rich algae can replace or was started in 1990 and exists to improve upgrades.increasing program accessibility
supplement the use of fish oil and fish meal the quality of life for its service area within for area students and improving the overall
and are a renewable resource The Initiative Independent School District 728 and the musical experience
ifInitiative
F O U N D A T I O N
2015 Endowment Confirmation
Please indicate below your decision regarding
support for the Initiative Foundation.
E YES, we have approved a Foundation contribution in 2015.
NO, we have declined a Foundation contribution in 2015.
Name of city or county
Date action taken / /
Approved 2015 contribution $
Please send us an invoice ...
Fl by 6/30/15 or
non —/—/
(Preferred payment schedule)
n not necessary, we'll send payment without an invoice
Government official
NAME TITLE
Signature
DATE
The Initiative Foundation will be migrating to paperless correspondence. Please provide your
email address and add @ifound.org to your organization's safe sender's list.
EMAIL ADDRESS
Please select the checkbox if you'd prefer to receive traditional correspondence.
Thank you for considering this request.
We look forward to your partnership and support in 2015.
Email: info @ifound.or8 i Phone: (877) 632-9255 I Fax: (320) 632-9258
Mail: 405 First St. SE, Little Falls, MN 56345
t
(320)632-9255
405 First Street SE Initiative
Little Falls,MN 56345 F O U N D A T I O N
i
w
July 11, 2014
V ifound.org
Brian Beeman Ut I��\�
C
City of Elk River Economic Development Authority Il "11, k; '
13065 Orono Parkway ,
Elk River, MN 55330
RE: 14-4694
Dear Mr. Beeman: Vv
Greetings! We are pleased to provide the enclosed check in the amount of$500 for the purpose of Upper
Midwest Economic Development Course.
The Initiative Foundation (the Foundation) has approved this grant on the following terms:
1. Allowable Uses of Funds. The grant recipient shall use the funds only for charitable, scientific,
literary,education or religious purposes within the meaning of Section 170(c)(2)(B) of the Internal
Revenue Code of 1986, as amended (the "Code").
2. Restrictions. The grant recipient will not use any of the grant dollars to: a)carry on propaganda, or
otherwise attempt to influence legislation; b) participate in, or intervene in any political campaign
on behalf of(or in opposition to) any candidate or public office; c) undertake activities that support
terrorism; d) provide benefit to the donor or fund advisor in connection with this grant;or e)
undertake any activity for any purpose other than one specified in section 170(c)(2)(B) of the Code.
3. Applicable Laws. The terms of the grant will be construed in accordance with the laws of the State
of Minnesota.
4. Grant Acknowledgement. The recipient of this grant shall specifically reference the Initiative
Foundation, a regional foundation, in all media releases and public relations materials where
information regarding or resulting from this grant is presented.
5. Reporting. Although there are no official reporting requirements, we request that you provide
feedback at the conclusion of your event/project. Information such as number in attendance and
any significant goals accomplished or next steps determined is very helpful.
6. Modification. The terms of this grant can be modified only in writing signed by an authorized officer
of the grant recipient and by the Foundation.
7. Violation of Terms. If the grant recipient violates any of the terms of the agreement the
Foundation reserves the right, in its absolute discretion, to terminate the agreement. Upon
termination of this agreement for any reason,the grant recipient will repay to the Foundation any
portion of the grant not previously spent for the grant's purpose, and the Foundation will have no
further obligation to the grant recipient.
Powering Possible
ri Equal opportunity lender provider and employer
t
Endorsement of the enclosed grant payment check signifies City of Elk River Economic Development
Authority's agreement to the terms of the grant as outlined in this letter.
On behalf of the Initiative Foundation, I send our thanks for your shared commitment to our community.
Sincerely,
iliViliff jht___-
Sandy Voigt
Development Officer
Enclosure
045231
FALCON NATIONAL BANK
*Initatnie° FOLEY.MN 56329•ST.CLOUD.MN 56301 45231
OBICPIWEPMMIEEU'
75-727/919
FOUNDATION CHECK SOL!T 0t
405 FIRST STREET SE
LITTLE FALLS,MN 56345 DATE AMOUNT
(320)632-9255 - **500.00
7/8/2014
PAY Five hundred and O0/1I)0******************************************************r**********-****
TWO SIGNATURES REQUIRED FOR CHECKS OVER$10,000
TO THE City of Elk River EDA
ORDER 13065 Orono Pkwy
Elk River MN 55330
OF
R12ED S TORE gO9
`bES+�
Grant#1F14-4694
11'045 2 3 111' 1:09 L9 L 7 2 ?On: L0 2 257311'
INITIATIVE FOUNDATION 045231
45231
City of Elk River EDA 7/8/2014
Date Description Orig ,pmt dint Due Discount Amount
6/30/2014 Bill#Grant#1F14-4694 500.00 500.00 500.00
1000 Falcon National Bank-Cash... Grant#IF 14-4694 500.00
(320)632-9255
405 First Street SE Initiative
Little Fails,MN 56345 F O U N D A T I O N 1
I
it.v -
At
July 11, 2014
A . ifound.org
t4\.A(..),)
Brian Beeman J1 (,I
City of Elk River Economic Development Authority ��
13065 Orono Parkway 44'15 '
Elk River, MN 55330
RE: 14-4693
Oil
Dear Mr. Beeman:
Greetings! We are pleased to provide the enclosed check in the amount of$1,250 for the purpose of
Finance Professional Certification.
The Initiative Foundation (the Foundation) has approved this grant on the following terms:
1. Allowable Uses of Funds. The grant recipient shall use the funds only for charitable, scientific,
literary, education or religious purposes within the meaning of Section 170(c)(2)(B)of the Internal
Revenue Code of 1986,as amended (the "Code").
2. Restrictions. The grant recipient will not use any of the grant dollars to: a) carry on propaganda,or
otherwise attempt to influence legislation; b) participate in, or intervene in any political campaign
on behalf of(or in opposition to) any candidate or public office; c) undertake activities that support
terrorism; d) provide benefit to the donor or fund advisor in connection with this grant; or e)
undertake any activity for any purpose other than one specified in section 170(c)(2)(B)of the Code.
3. Applicable Laws. The terms of the grant will be construed in accordance with the laws of the State
of Minnesota.
4. Grant Acknowledgement. The recipient of this grant shall specifically reference the Initiative
Foundation, a regional foundation, in all media releases and public relations materials where
information regarding or resulting from this grant is presented.
5. Reporting. Although there are no official reporting requirements,we request that you provide
feedback at the conclusion of your event/project. Information such as number in attendance and
any significant goals accomplished or next steps determined is very helpful.
6. Modification. The terms of this grant can be modified only in writing signed by an authorized officer
of the grant recipient and by the Foundation.
7. Violation of Terms. If the grant recipient violates any of the terms of the agreement the
Foundation reserves the right, in its absolute discretion,to terminate the agreement. Upon
termination of this agreement for any reason,the grant recipient will repay to the Foundation any
portion of the grant not previously spent for the grant's purpose, and the Foundation will have no
further obligation to the grant recipient.
GIJ�ow�riny Possible Equal opportunity tender provider and employer
Endorsement of the enclosed grant payment check signifies City of Elk River Economic Development
Authority's agreement to the terms of the grant as outlined in this letter.
On behalf of the Initiative Foundation, I send our thanks for your shared commitment to our community.
Sincerely,
f
409.* 4 /lit
Sandy Voigt
Development Officer
Enclosure
ifinttiative F ALCON NATIONAL BANK 045230
FOLEV,MN 56329•ST.CLOUD,MN 56301
75 45230
tfitGO �PIIMISED' 727/918
FOUNDATION mEm S®GOORE
405 FIRST STREET SE * *
LITTLE FALLS,MN 56345 DATE AMOUNT
4320)632-9255
7/8/2014 **1,250.00
PAY One thousand two hundred fifty and 00/100**************** '*******' '***************************************
TWO SIGNATURES REQUIRED FOR CHECKS OVER$10,000
TO THE City of Elk River EDA
13065 Orono Pkwy
ORDER Elk River MN 55330
OF /� ,,K-"''r�
I 1 :1 °o
D SIGNA qE oy r
4tES W'
Grant#ED14-4693
II'045230e 1:09 19 17 2 701: 10225730
INITIATIVE FOUNDATION
045230
45230
City of Elk River EDA t 7/8/2014
Date DcticnhtIon (hie \nit Anit Due I)itieo un Amount
6/30/2014 Bill#Grant#ED14-4693 1,250.00 1,250.00 1,250.00
1000 Falcon National Bank-Cash... Grant#ED14-4693 1,250.00