EDSR INFORMATION 08-12-2002 0 /0c
•
City of
Elk --.
River
MEMORANDUM
TO: Economic Development Authority
FROM: Heidi Hall, Economic Development Assistant 0/Or
DATE: August 12, 2002
SUBJECT: Business Incubator Program Update
Attachments
• July 16,2002 Business Incubator Advisory Committee Meeting Minutes
• Letter to staff from Harlan Jacobs (Genesis Business Centers) regarding
• recommendations for Incubator Program
• Press release regarding Vertical Publishing's new CEO
Issue
At the November 13,2001 EDA meeting staff was directed to explore other options and
business locations that could be considered for incubator prospects that cannot locate in the
existing traditional facility.
The Business Incubator Advisory Committee met on July 16, 2002 to discuss the issue and
came up with five options for staff to explore regarding new options for the Incubator
Program. The Committee will reconvene to discuss staff's research for review and
recommendation to the EDA for ways to continue the program.
•
FORMATIO
July/August 2002
i
e eve D ''
AM T
A Publicationof the Economic Development Association of Minnesota
Inside this issue: I
EDAM Awards 2002
EDAM Annual E.D. Awards June 26 - 28, 2002 • Madden's Resort, Brainerd, MN
President's Corner
The Summer Conference featured
Focus: DIED an expanded awards program
thanks to a partnership and spon-
Summer Conference In Pictures sorship with the Minnesota Real `t .
Estate Journal.Over 11 categories
EDAM News were presented,including the
Development News introduction of marketing awards. l 1;; ,-..iiiiii.. - , 71.141!„ ° '
el JR ,\1114.
The`EDies were given to:
IIIRetention:Brian Fazio/Valley ; ,_
Industrial Development
Corporation4 4;,
Since 1997,Valley Industrial and
Mankato city officials have
worked with the TruSery
Corporation,the world's largest ,
member-owned hardware cooper- Cathy Mehelich(center)accepted the award for Best Local
ative,to accommodate their Advertising on behalf of the City of Elk River.Linda Lund,
expansion needs and the reten- EDAM president(right)and Mike Szeliga,Minnesota Real
tion of 110 jobs.Last September Estate Journal(left), assisted in presenting the awards.
TruSery announced it would
close a more modern,larger facility in ative solutions and the patience and coopera-
Brookings,S.D.,ending speculation that the tion of the three businesses allowed for the
i"
Mankato facility would close.Truserv's deci success of the development.
/// sion shows that Minnesota is doing a better
nave' /jjob of competing with neighboring states. Economic Development Initiative: Gary
;
T g - Fields
Attraction: Cottage Grove EDA The Mesabi Nugget Demonstration Plant in
Silver Ba and its financingfor testinga
Cottage Grove's •572 acre industrial park wel- y,
corned three new tenants simultaneously in flexible and environmentally friendly process
it ma} s m eel the t1/ d 2001.Rather than put the tenants on scattered for producing high purity iron,is the result of
planning for the%Wmner Conference, sites throughout the park,the city was able to the work and determination of both public
but hir OU know 1 200 N , bundle the projects together to overcome and private sectors. Gary Fields and John
�e o t �e liar' t many obstacles, such as the location of a san- Swift of the IRRR Agency are credited with
leadershipin the face of tremendous odds.
- �� itary sewer trunk restricting on-site storm
Those participating are:DTED,IRRRA
lt1Iianuary�l t�$s,11, f�Q IPponding,shallow bedrock,unbuildable '
topography,and changes in tax laws affecting
netel = voice :on Awards continued on page 12
the financing for the projects.The city's cre- P 9
EDA:\I's mission:lo ndt since the profession of Economic Det elopment
• 1
"" * 94t i 1y.k-v
The Developer 10
Awards continued from page 1
DNR,MPCA,NRRI,Dept. of Finance,and Office of the many markets.It features 11 major cities,a county history and
Governor.The participating businesses are Kobe Steel,Northshore profile,and a map.It was printed in Mandarin Chinese and
Mining,Cleveland-Cliffs,Midrex,and Steel Dynamics,Inc.The English.
plant will employ at least 100.Construction will be completed in
2003. Regional Advertising:Minnesota Power
This was a very extensive,year-long advertising campaign.Each
Direct Mail: City of Fairmont ad featured one of 12 cities in Minnesota Power's service area.
The"We want you back"mailer is an effort to bring the work- The ads depicted maps and industrial parks in an effort to attract
force back to the city.It targeted 3500 people four different .. • -. ..
times during the course of a year.The mailing list was gath: =d
from the area high school and other sources. Local Advertising: Ci of •
nuc or : 'ssociates and Tammy Miller Design developed corn-
Marketing Technology: Beth Grosen and the City of Moorhead prehensive and coordinated economic development communica-
The city has created a website that offers information business tion materials with the City of Elk River including a competitive
customers want to know, including the cost of doing business positioning statement,folder with fact sheets,a brochure on
analysis which compares taxes for various types of businesses in "How to Site Your Business in the City of Elk River,"brochure
Minnesota and North Dakota.The site also features a revolving and a location site guide.
list of"success stories"highlighting businesses that've chosen to
locate in the city. Marketing Event:Burnsville Commercial Real Estate Council
The"Wheeling and Dealing Road Rally"was a tour of ten prop-
Marketing Brochure:Dakota County ED Partnership erties showcasing their buildings.Unique invitations with a
Although originally created for an international trade mission, roadster type car on the front were sent to metropolitan brokers,
this multipurpose economic and cultural profile can be used for leasing agents,and property managers.Included with the invita-
tion was a playing card. On the day of the event,
the attendees registered at city hall and received
City of' s clues and a map to find each of the 10 properties.
P # 0�� � At each of the 10 properties they were given anoth-
. » �'' r er playing card and participated in drawings and
Access to the Future games.At the end of the event,a reception was
held and the best poker hand was given$3,000.
For your development needs,call: Additional prizes were given to other good poker
Craig Waldron,City Administrator hands.
(651)730.2705 e-mail: craig{ ci.oakdale.rt n.us
Rich McNamara,Assistant City Administrator Practitioner of the Year: Curt Milburn
(651)730-2809 e-mail: richc+a dale` -us Since 1995,Curt has worked with the Phalen
Corridor Initiative,the State's largest inner-city
City of Oakdale,1584 Hadley Avenue North, economic development project($500 million antic-
Oakdale,MN 55128 Fax:(651)730-2818 ipated investment).The project is a collaboration
Web site: http:\\www.ci.oakdale,mn.us of over 60 businesses,neighborhood groups,and
government agencies focusing on redeveloping a
former rail corridor on the East Side of St.Paul.
The project is often cited as one of the region's
* City of most comprehensive community initiatives and is
Maple Grove a good example of a new focus of community
development commonly known as"Smart
Alan A. Madsen Growth."
City Administrator
Lifetime Achievement:Jim Kerrigan,City of
"Serving Today,Shaping Tomorrow" Hopkins
Jim's accomplishments with the City of Hopkins are
12800 Arbor Lakes Parkway,P.O.Box 1180 too numerous to mention. He began his career with
• Maple Grove,MN 55311-6180 the city in 1974 and will be retiring on January 1,
Phone:(763)494-6001 Fax:(763)494-6421 2003.
www.ci.maple-grove.mn.us