5.2. EDSR 02-10-2003 Item # 5 . 2.
• `'��/i
City of '
Elk
River
MEMORANDUM
TO: Economic Development Authority
FROM: Catherine Mehelich, Director of Economic Developmen i �f
DATE: February 10, 2003 �� t
SUBJECT: 2002 Inquiry/Prospect Report
Attachments
• 2002 Inquiry/Prospect Report
• 2001 Inquiry/Prospect Summary
• Overview
Staff has been tracking inquiries and prospects within a database. Attached is a brief summary of
inquiries received for the year 2002. Following is a breakdown summary of the types of inquiries
received:
Total Inquiries: 48
• Commercial 17
• Industrial 31
o Heavy Industrial (by use & outside storage) 10
o Light Industrial/Other 21
Nature of Light Industrial Inquiry:
• Lease Space 6
• Land/Building 13
• Other (info/$) 2
Light Industrial Size:
• Small (Less than 10,000-square feet) 5
• Medium (10,000-sf to 25,000-sf) 7
• • Large (30,000-sf+) 6
' • Other (spec/info) 3
2002 Inquiry/Prospect Report
February 10,2003
Page 2 of 2
•
2001 - 2002 Industrial Clients Status:
• Active Prospects/Delayed Decisions 5 (2002 prospects) and 2 (2001 prospects)
o Cymbet Corporation 50,000-sf build Financing Delay
o Options Inc. 10,000-sf build Site Delay (2001)
o Machine shop, Ramsey 15,000-sf build Decision Delay
o Gradient Technology, Blaine 25,000-sf build Decision Delay
o PumpWorks, Plymouth 40,000-sf build Financing Delay
o Electronics calibration lab, St. Francis 3,500-sf lease Decision Delay
o Precision machining,Dayton 15,000-sf build Decision Delay (2001)
• Located Site in Elk River 1 (2002)
o Dimensional Concepts, machining,lease space
• NA/Unknown 10 (2002)
• Located Site Elsewhere 5 (2002 prospects) and 6 (2001 prospects)
• o Computer Motion Imaging
o KitMasters of Ramsey Chaska/Chanhassen area proposed (2001)
Detroit Lakes area-vacation home,incentives (2001)
o Dynamic Packaging Anoka proposed—warehouse,incentives
o High Tech Data Center Delay—wants a turn-key building near Mpls
o Custom Turning of Blaine Big Lake—outside storage,incentives
o Bixby Energy Systems of Elk River Rogers—available 15,000SF lease space
o DiaServ, thermoform plastics Stayed in Blooming Prairie
o JBC Industries,water jet cutting Big Lake -lease space,incentives (2001)
o Antioch/Creative Memories Expansion Stayed in St. Cloud—land price (2001)
o Horizon Thermoform Closed business (2001)
o Mach Glass Stayed in Big Lake lease space (2001)
•
Economic Development Inquiry/Prospect Report 2002
tes Bldg .S ,.z ease/{awn Use
confidential
Jan. Heavy Industrial 10 relocation
Referred to
Jan. Commercial Chamber
Light Industrial Computer Late Summer Proposed to locate in
Jan. (Production/design) 7 95,000 Own Animation '02 Chaska/Chanhassen area
Jan. Commercial
Glass Fabrication/
Jan. Commercial Production
truck part
Feb Industrial 2 30,000 own assembly Oct. 2002 Located to Detroit Lakes area
Operate 3-6
Feb. Heavy Industrial 2 19,800 Own Excavating mos.
Feb. Industrial 20-30,000 Cabinet Making unknown
July-Anoka Industrial Park
Shrink Wrap Operate 9-12 deal falls through. Project
Feb. Industrial 3 12,000 Lease Packaging/Sales mos. on hold.
Construct
Oct. '02
Operate
Mar. Heavy Industrial 25-50 500,000 Own Dow/FilmTec Early'04
Own(will
lease to Finance for Construct
Mar. Heavy Industrial 10-12,000 trucking co.) Trucking Co. June'02
Waste"
Mar. Heavy Industrial Company
Apr. Heavy Industrial 3 10,000 Portable Lifts
Wanted turn-key facility with
Lease or High Tech Data Operate high-tech infrastructure in place.
May Industrial 25-50,000 own Center Early'03 Plans on hold.
Manufacturing manufacturing Operate
May expansion 5 45,000 Lease production July'03 on-hold for financing
Construction
•une Heavy Industrial 25-35,000 Related
Moved to Big Lake
Industrial/ Screw Machine (incentives/Weicht)
June Financing 4,000 lease Products Send survey.
18
(invest- Plumbing service,
June Commercial ment) 20,000 Own supply
June Heavy Industrial Own
crane,fabrication Decision to locate in Ramsey
June Heavy Industrial 5 27,000 Own service ASAP (land$&TIF)
assembly, Located in Rogers
.June Industrial 15,000 Lease production ASAP (avail.Space,pricing)
magazine
July office/commercial 1,000 lease distribution Referred to Santwire
02 Inquiry List Page 1
Commercial/ retail/office,
JulyRedevelopment 5 own Ron's Foods area On Hold
ipuly Commercial 1.5 own retail Referred to Chamber
Commercial/ referred to Cascade
July Industrial mini-storage Industrial Park
Met regarding Tax-Exempt
Financing from City.
July Industrial 1.5 10,000 own non-profit unknown On-hold for site&financing.
Provided info on
July Commercial 1.5 10,000 own office just looking Business Park sites
bio-tech,
July Heavy Ind./Res. 100 Own pig testing
Commercial Hopes to open a Referred to
Aug. (Restaurant) Keys Cafe Chamber
Plans to open a dry Referred to
Aug. Commercial Lease cleaning store Chamber
Commercial/ start-up referred to local banks
Aug. Financing transportation firm for SBA$
bank prospect for
Aug Commercial 1.5 own Ron's Foods area just looking Provided info on area
Aug Commercial 10 own RV sales Referred to Planners
0 Hopes to open a Referred to
Sept. Commercial 1,250 franchised hair salon Chamber&Greg Hohlen
Plastics
thermoforming; On-hold.Contacted by phone,
Lease/ buyout of Elk River follow up by mail.
Sept. Industrial Own company just looking Added to prospect list.
Industrial/ research of Mailed info packet,
Sept. Financing Financing NW Metro added to key account list
client-interest in
buying R&W
Sept. Industrial 20,000 own investments building Mailed info packet
client-machine
shop (TAG- Fax/Mailed info packet.
Sept. Industrial 2 30,000 own Ramsey) Active prospect.
Provided info&follow up.
Sept. Industrial 2 25,000 own fabrication researching sites Active prospect.
Delay-Met several times.
sites& Required venture
Sept. Industrial 2+ 40,000 own pumps&equipment financing capital investments.
acrylic molding
411113ct Industrial 1,000 lease &assembly referred to Santwire
Commercial/ retail redevelopment
Oct Redevelopment 5 own of Ron's Foods area On Hold
Located in Elk River.
Industrial/ Met and provided
Oct Financing lease machining financing Micro Loan info
referred to planners
Oct Commercial 2 10,000 own auto body shop site search &chamber
client-build to suit
machine shop
.Nov Industrial 1.5 12,000 own (dayton) Spring 2003 Referred to area cities.
client-build to suit
tool grinding(Coon
Rapids)
Dec. Industrial 2 20,000 own Sent Info.Awaiting meeting
Dec. Industrial tenant research No response
W/H&Office
(Three 10x15 Jeff referred him to us,Cathy
Dec. Industrial 3,500 Calibration Lab offices) responded
City of
Elk
River
MEMORANDUM
TO: Economic Development Authority
FROM: Catherine Mehelich, Director of Economic Development
DATE: February I I, 2002
SUBJECT: 2001 Inquiry/Prospect Report
Attachment
• 2001 Inquiry/Prospect Report
Overview
Staff has been tracking inquiries and prospects within a database. Attached is a brief
• summary of inquiries received for the year 2001. Following is a breakdown summary of the
types of inquiries received:
Total Inquiries: 75
• Commercial 30
• Industrial 45
Nature of Industrial Inquiry:
• Lease Space 12
• Land/Building 28
• Other (info/$) 5
Industrial Size:
• Small (Less than 10,000-square feet) 16
• Medium (10,000-sf to 25,000-sf) 10
• Large (30,000-sf+) 13
• Other (spec/info) 6
•
2001 Industrial Clients Status:
•
• Active Prospects/Delayed Decision 10
o 3 requiring 1.5-acre sites
o 2 requiring 3-acre sites
o 1 requiring 6-acre site
o 1 requiring 10-acre site
o 1 requiring 20-acre site
o 1 requiring 50-acre site
o 1 requiring 100-acre site
• Located Site in Elk River 2
o Both occupied lease space
• NA/Unknown 29
• Located Site Elsewhere 4
o Required 1.5-acre site (Big Lake)
o Required 5-acre site (Ramsey)
o Required 18-acre site (Ramsey)
o Required 20-acre site (Osseo)