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5.0. EDSR 09-09-2002 • City of Elk 4, River TO: MEMORANDUM Oen 5 Economic Development Authority FROM: Catherine Mehelich, Director of Economic Development(1( DATE: September 9, 2002 SUBJECT: Consider Initiative Foundation Contribution Request Attachments • July 2002 Initiative Foundation Letter of Request for Year 2003 Support • Staff Memo to City Administer regarding Initiative Foundation Request • Initiative Foundation Business Investment& Grantmaking Programs • Background The Initiative Foundation is requesting the City's consideration for a contribution of$5,000 in the year 2003 to support the Foundation's programming and services. The attached staff memo to the City Administrator summarizes actions taken on past requests from the Initiative Foundation. Most recently in 2001, the EDA recommended that future requests be forwarded directly to the City Council for consideration. The City Council reviewed the request at its August 12, 2002 meeting and directed that the request be considered by the EDA. Analysis The Initiative Foundation's economic development programs are useful to the City of Elk River,but depend on qualifying projects. The program of most use by the EDA has been the Foundation's "Seed Capital"program,which has funded two incubator companies in the past two years and approved two others. One of those companies is Cymbet Corporation, which graduated from the Incubator into 12,000 square feet of market rate space and 16 full- time employees. Staff has not had an opportunity to utilize the Foundation's business loan programs,but recognizes the leveraging potential for light industrial projects. The attached Foundation materials indicate a number of Elk River manufacturers that were awarded loans for both start-up and expansions since 1988. As the EDA continues to aggressively recruit light manufacturers and assist expansions the Initiative Foundation's programs will become more • beneficial. In addition the Initiative Foundation is finalized its new Technology Capital Fund,which may be useful to company's like Cymbet Corporation having higher capital requirements for expansion. Recommendation The Initiative Foundation has requested a total of$19,929 from the City of Elk River. To date the City has contributed a total of$5,000 (50/50 EDA &Council) to the Initiative Foundation. The City Council has provided contributions to the various community service projects also funded by the Foundation. Therefore staff recommends that the EDA consider approval of$5,000 for the Initiative Foundation's Year 2003 request to support the Foundation's economic development programming and services which are of benefit to light industrial companies starting and expanding in Elk River. • • , • ^1� City of Elly 4-, River MEMORANDUM TO: Pat Klaers, City Administrator FROM: Catherine Mehelich, Director of Economic Development DATE: August 7, 2002 SUBJECT: Initiative Foundation Request Attachment • Initiative Foundation Summary of Cities Given/Pledged to Date Per your request the most current summary of cities contributions to the Initiative Foundation is attached. The Foundation's requested amount is based on population. The • total amount requested from the City of Elk River since 1997 is $19,929 ($1.50 per capita, 13,286 popl.). Elk River is the second largest city in the Foundation's region,behind St. Cloud. Following is a summary of cities in the region and the percentage of request granted to date: % of Request Granted Becker 97% Big Lake 17% Clear Lake 100% Elk River 25% Zimmerman 231% Buffalo 36% Monticello 42% St. Cloud 30% The City of Elk River has taken the following actions with regard to the Initiative Foundation's past requests: 1997 - $5,000 contributed (50/50 EDA &City Council) 1998 - Denied 1999 - Denied 2000 - Denied 2001 - Denied S In 2001, the EDA directed staff to provide a letter to the Initiative Foundation denying the request for year 2001. In addition, the EDA recommended that future requests be forwarded directly to the City Council for consideration. While the Foundation provides several business investment and grant making programs, the Economic Development staff has not had the opportunity in the past year to utilize the economic development programs and services offered as a result of a lack of qualifying projects. 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Access to capital is key to business start-ups,expansion,research and development,and implementation of technology.The Initiative Foundation acts as a"gap"lender,filling financing gaps for new and expanding businesses in the 14-county service area.The Initiative INITIATIVE Foundation's goal in economic development is the creation and FOUNDATION t retention of quality jobs with livable wages and benefits essential to improving and maintaining a high quality of life in Central III Minnesota.The first step in obtaining an Initiative Foundation business loan or loan guarantee is to connect with your local economic development professional. The following loan resources are available through the Initiative Foundation. Business Loans The Initiative Foundation Business Loan Program is designed to assist business owners and conventional funding sources in financing new and expanding businesses that provide quality job opportunities and strengthen the local and regional economy. Eligibility Requirements •Small to medium-sized industrial,commercial,and technology-based businesses located or majority of owners reside in the Foundation's 14-county service area.Preference is given to:value-added natural resource/agricultural-based products processing;manufacturing;high technology industries. •Conventional lending sources must provide at least 50%of total project financing. •Terms-Consistent with conventional lending practices. •Interest Rate-Determined on a case-by-case basis. • •Owners are expected to reside in the area.Under certain circumstances,the owner residency requirement may be waived. •Job creation/job retention is required.Preference is given to http://www.ifound.org/html/businvt.htm 9/5/02 Business Investment Page 2 of 5 projects that offer job opportunities with livable wages, provide broad employee benefits and leverage one job for each • $10,000 in loan funds. •Local support must be proven,with preference given to communities that are establishing an integrated approach to economic development planning. Businesses generally considered ineligible include retail,consumer services,conventional agricultural production and land development enterprises. Loan Application/Origination Fee A 1%Loan Application/Origination Fee is applied to the initial loan principal amount of which one-half is treated as a non-refundable loan application fee.The application fee is due upon verification in writing by the Initiative Foundation that the loan application meets basic program qualifying criteria.The balance of the Origination Fee is due in cash at the loan closing.The application Fee may be waived if warranted in cases where the request is denied or circumstances that require the application be withdrawn.The Origination Fee becomes obligated at the point where the loan has been approved and a signed Commitment Letter is in place. Eligible uses of Loan Funds Eligible project costs include land and buildings,construction, remodeling,machinery and equipment,financing costs and working capital.Ineligible uses include refinancing of debt,business acquisition and non-owner occupied building construction. Interest Rate/Loan Repayment Terms Interest rates are determined on a case by case basis.Rates are fixed for the repayment term of the loan.Repayment terms are generally determined by the useful life of the collateral securing the loan, consistent with conventional lending practices.However,Initiative Foundation loan dollars must be repaid in full within ten years. Credit Review/Collateral Credit review criteria is consistent with most alternative lenders.All required information must be supplied,adequate cash flow and debt service must be clearly identified,and sales projections must be supported. Owner commitment to the project must be shown, generally in the form of owner equity in the project,and personal guarantees for majority owners are required. Proven management expertise and production experience must be identified.As a gap lender,the Initiative Foundation considers higher risk than conventional lenders in securing its loans.However, collateral is required and evaluation of collateral is consistent with conventional lending sources. Application Process/Technical Assistance Complete applications received by the 15th of each month will generally be reviewed by the Initiative Foundation Loan Committee by the 15th of the following month. Staff review of the application includes a thorough analysis of application materials and a site visit • with owners. Incomplete applications may cause delay in review. Local economic development professionals and Small Business http://www.ifound.org/html/businvt.htm 9/5/02 Business Investment Page 3 of 5 Development Centers are available throughout the Central Minnesota region to assist new and expanding businesses.For a list of locally • supported technical assistance providers in the region,please contact the Initiative Foundation office. This program of the Initiative Foundation is supported in part by Minnesota Depaitment of Trade and Economic Development,the USDA Office of Rural Development,The McKnight Foundation, other foundations,local units of government,regional utility companies,and corporate and individual donors. If you have any questions,please contact Jennifer Boeckman, Business Finance Specialist. The Business Investment Loan Program application is several pages long and is not available for online downloading. To request a business loan application,please contact the Initiative Foundation directly. Top._of page.. Loan Guarantees The Initiative Foundation has established a Loan Guarantee Program available to lenders acting on behalf of their commercial borrowers. Lenders provide standard commercial financing with this program guaranteeing a portion of the loan against deficiency.The Loan Guarantee Program is intended to increase the availability of credit S otherwise not available based on normal lender underwriting criteria due to the newness of the business,lack of equity,collateral valuation or other problems.The program is not intended to absorb the risks associated with a weak or poorly managed business. Program Structure A.Guarantee Amount—The program guarantees up to 80%of the original loan balance with a$50,000 maximum exposure or 80%of the loan deficiency plus expenses,whichever is less. B.Guarantee Fees—A 1%Loan Guarantee Fee will be applied to the loan guarantee amount.The Loan Guarantee Fee is due from the lending institution at closing. C.Record Keeping—On June 30th of each calendar year the lender will submit to the Initiative Foundation basic information on each loan in the guarantee portfolio. Geographic Area of Program The Loan Guarantee Program is available for business development projects located within the 14 counties served by the Initiative Foundation. Eligible Businesses In order to be eligible for assistance the business must contribute to the economic prosperity of Central Minnesota. Financing Policies III A. Allowable Use of Proceeds 1.Fixed assets,including land and building purchases, building construction,leasehold improvements,and http://www.ifound.org/html/businvt.htm 9/5/02 Business Investment Page 4 of 5 renovations;and/or 2.Acquisition,renovation or moving machinery and • equipment;and/or 3.Working Capital. B.Non-allowable Use of Proceeds 1. Generally not to refmance existing debt;and/or 2.Alcohol related businesses,pornography, speculative ventures or gambling operations. C.Interest Rate—Interest rate may be fixed or variable and can be adjusted monthly,quarterly,semi-annually or any other period agreed upon by the borrower and lender. D.Term of Loan Guarantee—The term of the guarantee shall not exceed five years,however,the loan can be amortized up to 15 years. E.Collateral—Collateral securing the guaranteed loan may consist of land,buildings,machinery,equipment,furniture, fixtures,vehicles,inventory,accounts receivable,mortgages on fixed assets held personally,assignment of the interest in a Contract for Deed and assignment of life insurance. F. Other Financing Policies 1.The recipient of a loan guarantee must be a for-profit business entity organized in any manner permitted by the laws of the State of Minnesota. 2.All loans must be adequately secured and personally guaranteed to the satisfaction of the program staff. 3.All loan guarantees shall be subject to whatever agreements and documents are reasonably necessary to protect the interest of the program sponsors and to ensure that the purpose and intent of this program are met. 4. Loan applicants must demonstrate that they are credit worthy and have the ability to perform under any agreement entered into with the lender. 5.All applicants receiving financing assistance must demonstrate an acceptable level of job creation or retention. 6.This program is not intended for restructuring or refinancing of existing debt with the lender. Application Process 1.Lending official and applicant discuss project eligibility with Initiative Foundation program staff. 2.Lending official completes application forms and submits application and exhibits to the Initiative Foundation. 3.Program staff reviews application.Application is presented to the President for final approval or denial. 4.Lender executes Loan Guarantee Agreement and loan is closed in accordance with the Guarantee Agreement. Note:At any point in the review process, the application may be denied or sent back for further information. Download a PDF version of the Loan Guarantee Application (64K) ( & , View and print with Adobe®Acrobat®Reader Software. • Top of page. Seed Investments http://www.ifound.org/html/businvt.htm 9/5/02 Business Investment Page 5 of 5 • mithiecapitalFund romneuware.ofri manufacturing or technology-related companies to grow. incl , sizeal businesses located in the 14 counties served by the Initiative Foundation and the St. Cloud Regional Office of Minnesota EligiblecTop Eligible uses of funds include the development of new products or technologies including: TechThe ••••Product researchmresearch andal developuesotawment. pro CenthdevelopandandiindividualsannAdobe®d prodpuct(s)the. puofSeed developnnntteswnemis new productand(mediumSfts). ltureeeenttog. Seed PK •Othernology.Fund.relatedose usese Viewtoand deemed appithropriatetiof by tAcrootehebat®the CentrentreaReaderl Moinnesota S Investment maximum is$50,000.Project funding requires a minimum of a 1:1 equity or cash match dollar for every dollar of Investment instruments used by the Seed Fund will generally have convertible options exercised by the Seed Fund as either direct loans or equity positions deferred for 18 months. The Central Minnesota Seed Fund is a cooperative effort of Initiative Foundation and St.Cloud Regional Office of Minnesota Technology. Download a PDF version of the Seed Investment Application dainvestdevelopmentoftrnents.MiotesmallcapacityprePrototypMarWorking) plparticipants • http://www.ifound.org/html/businvt.htmFundketrp (64u 9/5/02 Initiative Foundation Page 1 of 2 iii f Foundation News �� 3 ..... ... „„, > ..... ..yds •r,x a.,au- <,,,,o»,,...<,a..xw,>kuvmtLututr v ad >,., RECORD BUSINESS LOANS,QUALITY JOBS IN 2002 After tallying its annual investment numbers,the Little Falls- based Initiative Foundation announced that it had reached record totals in business loans and quality jobs created in its 2002 fiscal year. A regional nonprofit grant-maker and business lender,the foundation partnered with central Minnesota banks to award nearly$2.5 million in business loans and guarantees last year— nearly$1.3 million more than in 2001.Perhaps more impressive is that these investments led to the creation or retention of 516 quality jobs,which earn workers average hourly wages of$13.26, including benefits. John Kaliszewski,the Initiative Foundation's director of economic development,said he believes the programs are positively impacting the central Minnesota economy. "We have lending programs for one purpose only—to secure living wage jobs for central Minnesota families,"Kaliszewski said. "Our programs build upon community strengths and a strong regional work ethic to give businesses a chance to succeed in both • rural and urban areas." The Initiative Foundation works with banks and other lenders to fill fmancing gaps for those entrepreneurs whose"high risk-high reward"ventures do not meet standard fmancing requirements due to risk or equity reasons. The Foundation completes a"loan package"by financing the riskiest portion or guaranteeing it against default.High- technology,manufacturing or value-added agriculture businesses can borrow up to$250,000 from the foundation. Small business entrepreneurs,especially women,minorities and individuals with lower incomes,can access$50,000 in the form of a loan guarantee. The foundation also makes an effort to simplify the documentation required during the application and approval process.According to Kaliszewski,this streamlining makes the process more understandable for borrowers and less of a paperwork headache for lending partners. "Because we are absorbing a higher amount of risk,this is truly a not-for-profit,break-even endeavor,"Kaliszewski added. "Some businesses we finance don't make it,but the ones that do really make a difference in communities.Without programs like these, they may never have had a chance to prove themselves." • Since the Initiative Foundation's inception in 1986,its business loan programs have secured more than 5,000 quality jobs across 14 central Minnesota counties. http://www.ifound.org/templates/FoundationNews.cfm?FoundationNewsID=115 9/4/02 Initiative Foundation Page 2 of 2 Lending representatives and prospective business owners wanting more information may contact either Kaliszewski or Jennifer Boeckman,business finance specialist,at(877)632-9255 toll- free. Information is also available on the Initiative Foundation web site,www.ifound.org. • • http://www.ifound.org/templates/FoundationNews.cfm?FoundationNewsID=115 9/4/02 4•Nr,July 1, 2002 • INITIATIVE Stephanie Klinzing FOUNDATION City of Elk River 13065 Orono Pkwy PO Box 490 Elk River, MN 55330-0490 Dear Mayor Klinzing, Greetings from the Initiative Foundation!We really appreciate the past financial support of the City of Elk River and look forward to a continued partnership.As we look forward to celebrating our 16th anniversary on July 1st we are pleased to announce to you our new five-year strategic plan and focus areas: • Promote Economic Stability-Sustain an economic environment in Central Minnesota capable of responding to business opportunities affording wealth creation, livable wage jobs and diversification of the economic base. • Increase Utilization of Technology- Facilitate increased utilization of technology for community and economic development. • Preserve Space, Place and Resources- Encourage efforts that follow principles of sustainable development in order to preserve open space, a sense of place, and natural resources. • Embrace Diversity/Reduce Prejudice- Initiate, support and promote efforts that reduce prejudice(across age, class culture and ability level) by embracing diversity as an asset. • Children,Youth and Families - Initiate, support and promote efforts that encourage • development of hltcd . • Build Capacity of eaNonprofit hyhildren Organizationsanfamilies - Enhance and empower nonprofit organizations by helping them improve their internal effectiveness. We will fulfill these goals through grants to non-profits, business investments, leadership training and donor services. Since our inception in 1986 we have distributed over$28 million in the region, including $1,679,625 in Sherburne County. In addition the communities of Elk River, Big Lake and Zimmerman have participated in our Healthy Communities Partnership Program and Big Lake, Briggs Lake Chain, Lake Fremont, Lake Orono and Little Elk Lake Improvement in our Healthy Lakes Partnership Program. In support of our new strategic plan, our lead funding partner,The McKnight Foundation, has awarded an additional$7.1 million to support our work. This includes a challenge grant to support our general endowment.We are launching our "Unlock The Potential Campaign" to raise$2.5 million for our endowment over the next five years. Gifts received between July 1, 2002 and June 30, 2007 will be matched dollar for dollar by The McKnight Foundation. • City of Elk River • July 1, 2002 Page 2 Support from our cities and counties is vital, therefore,we are asking the City of Elk River to consider a gift of $5,000 per year for five years toward the"Unlock the Potential" Campaign.Your continued support is crucial to our endeavors.As in past years,we would be happy to provide an update to the City Council at a scheduled meeting. Please feel free to contact Mary Beth Grams at 877/632-9255 (x2007) or mbgrams@ifound.org to arrange for a presentation. Thank you for your consideration. Sincerely, 7 - Kathy Gaalswyk Connie Marcyes President Director of Development Enclosures . cc: City Administrator/Clerk-Treasurer City Council Members George Wallin, Initiative Foundation Board of Directors CENTRAL MINNESOTA'S INITIATIVE FUND • 405 FIRST STREET SE LITTLE FALLS, MN 56345 PHONE: 320.632.9255 FAx: 320.632.9258 WWW.[FOUND.ORG Initiative Foundation Keynotes method A CJ O PIS JUNE 2002 EDITION Central Minnesota youth improv troupes perform for results, not reviews The idea was simple. We've found that the best ones often are. Practical Players: Why not use the improvisational talents of youth to get people The Pequot Lakes lmprov Troupe talking about difficult situations?"asked Tom Koplitz, Improv . Trainer Extraordinaire,in an innovative 1998 grant proposal. i Why not,indeed. The Initiative Foundation believed in youth improv Wiii` ',' --`J A ,, .:, -: ';',- eFamiliesnough to awargrantsd thetotaling North$50, Branc000forhchartering Community Partnershipninetroupes with Youth& throughout Central Minnesota. ' f °, ' There are only two rules of improvisation:No props,and no ! inhibitions. Led by adult advisors,youth actors perform scenes (.14. °:-` ' --,./1\ "-''. Iiiiiii ' y . . that address such topics as peer pressure,relationships,self-esteem • and chemical abuse. Watching familiar situations unfold causes \_ r �,- . audiences to laugh,cryand share their thoughts,all of which can help avert more serious reactions down the road. It's just one more i4� .3 example of youth making a difference in Central Minnesota. Register Today for These Summer Events ECONOMIC CATALYSTS for Community and Nonprofit Leaders Economic Development Director, John Kaliszewski, Outlines Changes in our Business Loan ProgramsI. June 27-Running for Public Office(Little Falls) Full-day workshop on effective campaign management and What changes in lending practices can businesses expect after July 1? public relations for incumbents and aspiring public officers. John: "Not many, really. We will still partner with banks to guarantee small business Contact Leah Posterick at(877)632-9255 toll-free. Fee:$25 loans up to$50,000. We will still fill financing gaps for larger businesses up to $250,000. The main changes will be in our living wage targets and the types of Lu 11-Downtown Revitalization Seminar(Little Falls) Ju we hope to invest in." y seminar on downtown planning and preservation. act Leah Posterick at(877)632-9255 toll-free. Fee:$50 What is a"living wage?" John: "We've estimated that the living wage for Central Minnesota is about$13.25 per July 16-Grant Writing Workshops(Little Falls) hour plus adequate benefits. It is essential that we find ways to create quality jobs, Half-day a.m.and p.m.workshops for nonprofit leaders especially in rural communities. In the next five years,at least 80 percent of our seeking to improve grant writing skills. Contact Lonna business investments will go to firms that pay these wages. It just makes sense." Becker at(877)632-9255 toll-free. Fee:$30 What types of businesses will be the Initiative Foundation's priority? August 27-Calming Fundraising Phobias& John: "Mainly technology-based companies,due to their growth potential,higher wages and Grant Writing Workshop(Braham) economic diversification. We remain interested in manufacturing and value-added Full-day workshop for nonprofit leaders interested in agriculture. Women, minorities and low-income entrepreneurs will also receive effective fundraising strategies and grant writing skills special con ' • 'tion." development. Contact Lonna Becker at(877)632-9255 toll-free. Fee:$65 KEY DATES k , 4. June 3-Foundation begins %'` summer office hours: V1 7:30 to 4:30 Monday-Thursday 8:00 to 2:30 Friday , i .1„, lie RUM RIVER INTERFAITH CAREGIVERS July 1 •Application Deadline for Multi-year Left to Right: Minnesota State Representative Sondra I Healthy Organizations Erickson(Princeton)poses with RRIC Administrative Partnership Training. Associate,Andrea Alfreness, and Executive Director, saNelson, in the recently renovated old Princeton July 19-Nominations for chool,which now houses the RRIC offices as well Awards for Outstanding as senior housing and dining facilities. Community Initiative due. Visit www.ifound.org/nominate Rum River Interfaith Caregivers, an Initiative Foundation grant recipient, matches volunteers with homebound citizens i 405 FIRST ST.SE October 25-Third Annual need of local transportation and respite care in Mille Lacs LITTLE FALLS,MN 56345 Awards for Outstanding and Sherburne Counties. The project serves as a regional INITIATIVE (320)632-9255 Community Initiative event model for volunteer networks across Central Minnesota. FOUNDATION WWW.IFOUND.ORG at Madden's Resort. UNLOCK THE POTENTIAL CAMPAIGN BUSINESS INVESTMENTS NEW PLEDGES & DONORS (FEB-APR 02) 1UARY - APRIL 2002) Business Loan Program • Loan Guarantee Program '''TIATIVE FOUNDATION ENDOWMENT All Seasons Property Care Service,Brainerd Animal House,Little Falls Keymaster-($25,000 or more) Central MN Housing Partnership,St.Cloud Matrix Manufacturing,Inc.,Princeton Bremer Bank,Brainerd Caillie Farms,Inc.,Monticello Sweet Creations By Kathy,Menahga • Rural Cellular Corporation,Alexandria Chase Communications,Waverly John&Bonnie Schlagel,Cambridge Northeast Entrepreneur Fund,Virginia West Central Telephone,Sebeka Precision Waterjet Concepts,Merrifield Total Business Investments(9):$573,700 Portal-($10,000-$24,999) Community First National Bank,Little Falls Lake Country State Bank,Long Prairie GRANT AWARDS Melrose Telephone Company WARY - APRIL 2002) Gateway-($5,000-$9,999) Business Initiatives Description Amount First National Bank of Menahga Central Lakes College SBDC,Brainerd Small Business Technical Assistance $4,900 Wadena State Bank City of Taylors Falls "River-walk"Trail Planning Grant 2,500 Corridor-($3,000-$4,999) Childcare Security State Bank of Sebeka Childrens Home Society of Minnesota,St.Paul Chisago/Isanti&Wright Cty.Crisis Nurseries 20,000 Passage-($1,000-$2,999) Community Based Activities Central Minnesota Federal Credit Union,Melrose Benton County,Foley Master Plan for Parks,Trails&Open Space 5,000 First State Bank of Swanville Boys&Girls Club of Elk River Youth Asset Building Sustainability 10,000 John&Debra Hoefs,St.Cloud CentraCare Health Foundation,St.Cloud "Process-To-Peace"Conference 1,000 Catherine E.Jackson,Waverly City of Sauk Rapids Site Plan for Mayhew Creek Park 2,500 Pete&MaryAnn Lindell,Little Falls City of St Cloud "Learn What You Don't Know" 1,000 Community Action Council of Crow Wing County Youth As Resources of Crow Wing County 7,500 Access-(Up to$999) Great River Arts Association,Little Falls Prevention and Education Program for Kids 5,000 David Gruenes,St.Cloud Independent Lifestyles Inc.,St.Cloud "Bringing Abilities To Light" 1,000 Lee&Judy Moening,St.Cloud Milaca Friends of the Library Library Building Planning 3,000 George&Raquel Wallin,Big Lake Oasis/Share-A-Meal,Inc.,Little Falls Home Fix-Up 3,000 Onanegozie Resource Conserv./Dev.Council,Mora Forestry Co-op Planning 1,500 WILLIAM AND ETHEL NELSON ZIMMERMAN Pequot Lakes School District Eclipse Teen Center Community Dev. 10,000 MEMORIAL SCHOLARSHIP Rivers Council of Minnesota,Sauk Rapids Conference Sponsorship 4,000 Glenn&Martha Masden,College Place,WA Rockford School District Crow River Pride Business Expo 1,000 Sauk Rapids-Rice Public Schools W.E.B./Link Program 1,500 ANNANDALE AREA COMMUNITY FOUNDATION University of MN Extension Service,Buffalo Ethnic Foodways:Cultural Meaning 500 Access-(Up to$999) WesMin Resource Conservation&Development Larry&Barbara Reitmeier,Annandale Council/Tourism Partnership,Cass Lake Tourism Economics 1,500 LITTLE FALLS AREA FOUNDATION Community Visioning&Planning II Access-(Up to$999) Verndale Public Schools Early Childhood Center Planning Margaret Flolid,Little Falls Environment/Natural Resources STAPLES COMMUNITY FOUNDATION Sibley Lake Association,Pequot Lakes Sibley Lake Water Quality Monitoring 480 Benefactor (Over$25,000) Staples Knights of Columbus Council#1803 Healthy Lakes Partnership Trainig Lloyd&Marion Giddings Memorial Scholarship Fund Stearns Soil&Water Conservation Dist.,Waite Park Healthy Lakes Partnership 20,000 Staples&Motley Dollars For Scholars Healthy Lakes Partnership Implementation Investor-($1,000-$2,999) Cass County/Barnum Lake,Walker Healthy Lakes Implementation 5,000 Donald&Susan Eddy,Staples Healthy Organizations Partnership Advocate-(Up to$999) Audubon Center of the North Woods,Sandstone Membership Development 2,000 Peter Brenny,Staples Cambridge Healthy Seniors Program Strategic and Financial Plan 2,000 Paul D.Haglin Memorial Northern Pines Mental Health Center,Little Falls Strategic Improvement Project 2,000 Charles&Renee Canver,Loudonville Paul Bunyan Nature Learning Center,Brainerd Healthy Organizations Partnership 2,000 Wayne&Ardis Haglin,Cameron,WI United Way of Central Minnesota,St.Cloud Board Development 2,000 Richard&Mary Virginia Hegre,Staples Henry&Judy Kopka,Staples Workforce Development Robert&Betty Lee,Staples Central Lakes College SBDC,Brainerd MicroEnterprise Technical Assistance 7,500 Bruce&Bev Nelsen,Staples Central MN Housing Partnership,St.Cloud "Operation Bootstraps"Planning 5,000 Stanley&Jan Tyrrell,Staples St.Michael's Hospital Foundation/ Marilynn Wilson,Staples Stearns-Benton Medical Society,St.Cloud Central MN Health Information Network 5,000 HEALTHY COMMUNITIES PARTNERSHIP Total Grant Investments(32) $141,880 Gateway-($5,000-$9,999) Kraus-Anderson Construction Co.,Bemidji LakewoodAcess p to 5999)yst PRESSCLIPPIN , LaoHealth System,Staples HEALTHY LAKES PARTNERSHIP Congratulations '0' , i f N .. > Cyb- F afe"in Wadena. Keymaster-($25,000&over) After receiving generous local and Initiative Foundation funding,the Musser Fund,Mpls. cafe earned a$57,000 challenge grant from The McKnight Foundation. Portal-($10,000-$24,999) George Wallin, Initiative Foundation board member and General Manager of County of Crow Wing Connections, Etc.in Big Lake,won the first-ever Safety Leadership Award preset. Itasca County Soil&Water Conservation District by the Minn.Telephone Association for his dedication to employee health and safety. Gateway-($5,000-$9,999) The University of Minnesota Extension published"Small Community Wastewater State Bank of Kimball Solutions:A Guide to Making Treatment,Management and Financing Decisions"with Access-(Up to$999) contributions from Initiative Foundation Environmental Specialist,Don Hickman. Ronald G.Wieber,St.Cloud To order,call 1-800-876-8636 and request publication#07734. Cost is$15. Projects Funded in Sherburne County liw through 6/30/02) IN NAT' GRANTS AWARDED ... ORGANIZATION NAME PROJECT TITLE AMOUNT FY 2002 Big Brothers Big Sisters of Central MN, St. Cloud * Youth Mentoring Program- Elk River Office $2,400 Boys&Girls Club of Elk River* Education Room $4,000 Boys&Girls Club of Elk River Youth Asset Sustainability Project 10,000 Command Performances Girls Choir, Elk River* Dramatic Arts and "A Visit To Europe" 4,150 Cura Center, Inc. DBA-New Beginnings, Elk River Strategic Planning 2,000 Elk River School District/Special Education Dept. * Parent Link Project 2,450 Elk River School District/Rogers Elementary* Mentorship and Professional Advocacy Program 1,000 Elk River School District/Rogers Junior High* Peer Mediation Program 1,380 Elk River School District/Education-to-Employment Partnership* Elk River High School Metal Shop Support 1,600 Elk River School District/Education-to-Employment Partnership* Elk River High School Metal Shop Support 1,275 Elk River School District/Meadowvale Elementary* "Lets Make a Difference"Videos 820 Elk River Watershed Association Joint Powers Board Healthy Lakes Partnership Training 20,000 Hoofbeats and Heartbeats, Inc., Elk River* Educational Outreach 1,760 Opportunity Partners, Inc., Elk River* Household Furnishings/Improvements 2,500 Rivers of Hope, Elk River* Office Consolidation 3,500 Rivers of Hope, Elk River Office Consolidation 2,000 Sherbume County Historical Society, Becker* "Building the Legacy"Video 3,000 The Elk River Area Arts Council * Public Relations Project 1,050 10th Investment Foundation, Elk River Timber Bay Activities 2,000 2001 2001 Arts Alliance, Elk River* Artsoup 2001 5,000 Big Lake Visioning Committee Lakes Area Multi-Purpose(LAMP) 5,000 Boys&Girls Club of Elk River Crisis Training 2,500 Boys&Girls Club of Elk River* Education Program 5,000 Central MN Sexual Assault Center, St. Cloud* Central MN SANE Project 10,000 Elk River Area Arts Council * Newsletter Development 1,935 Elk River Community Theatre* Fall/Spring Concert Series 3,670 Elk River School District* Computer Replacement 6,050 Elk River School District* Elk-Hi Stadium 10,000 Elk River School District* Enriched Tutorial 5,000 Elk River School District* Parent Handbook/Background Checks 13,600 Elk River School District Youth Apprenticeship/Job Shadowing 10,000 Elk River School Dist./Parents Involved Net.,Salk Jr. High* PC Lab 35,200 Land of Lakes Choirboys, Elk River Town Choir Tour 5,000 Livonia Township, Zimmerman* Planning for"Green"Township Hall 5,000 Lord of Glory Lutheran Church, Elk River* National Youth Gathering 4,732 Opportunity Partners, Inc., Elk River* Household Furnishings/Improvements 3,500 Rogers Lions Club* School District Finance News 1,800 St.John Lutheran School, Elk River* Outdoor Education Event 4,050 Special Olympics of Elk River* Team Expenses 5,000 Three Rivers Community Theatre* Mural Painting 3,000 FY 2000 Big Brothers Big Sisters of Central MN,St. Cloud* Eastern Sherburne Co. Branch Office 4,000 Big Lake School District Co-location 5,000 al of Zimmerman Zimmerman Youth Center 30,000 vprRiver Area Schools * Landscaping for Pleasure&Achievement 1,000 Elk River Area Schools Special Education* Parent Networking Project 2,302 Elk River Area Women of Today* Lice Bucket Program 4,950 Elk River Community Theatre* Performance Schedule 1,500 1 ORGANIZATION NAME PROJECT TITLE AMOUNT Elk River School District* Scholarships 500 Elk River School District EBD* Mental Health Forum 1,2 1110 Greater Zimmerman Area Chamber of Commerce* "A Frontier Holiday" 1,0 Opportunity Partners, Inc., Elk River* Fumishings and Appliances 1,000 Rivers of Hope, Elk River Youth Advocacy Program 15,000 Rivers of Hope, Elk River* Safe Start 10,000 Rum River Health Services, Inc., Elk River* Northland Women's Health Event 1,000 Zimmerman Elementary* Read To Succeed 500 FY 1999 2001 Arts Alliance, Elk River* ArtSoup-Elk River Area Community Art Festival 1,000 City of Zimmerman Livonia/Zimmerman Voices for Community Choices 10,000 Education to Employment, Elk River EEP Coordinator 10,000 Elk River Area Arts Council * General Operating 3,000 Elk River School District* Community Band and Choir 300 Livonia-Zimmerman Voices for Corn. Choices * Building a Community of Promise 3,000 Rivers of Hope, Elk River* Violence Prevention/Intervention Services 4,000 Sherburne County Scenic Area Land Preservation 5,000 Sherburne County Extension Service* Sherburne County Master Gardeners 600 Sherburne County Public Health Circle of Prevention-An Assessment of Parents 2,500 St. John Lutheran School, Elk River* Art Immersion Day 550 St. John Lutheran School, Elk River* St.John Theatrical Exposure Event 750 The 2001 Committee, Inc., Elk River Elk River Area Planning &Visioning Preparation 2,500 The 2001 Committee, Inc., Elk River Healthy Community Partnership Training 10,000 FY 1998 2001 Arts Alliance, Elk River* Elk River Area Community Art Festival 1,500 City of Becker Senior Housing Study 1,000 Elk River Area Chamber of Commerce Leadership Elk River 1,500 Elk River Area Citizens League* County Committee Structure Study 1,0 Elk River School District* VandenBerge Community Center 3,0WIF Elk River Youth Initiatives* Youth Initiatives Mentoring 3,400 Guardian Angels of Elk River, Inc. Child Care Center 10,000 Rivers of Hope, Elk River* Youth Advocacy Program 4,000 R.W. Handke Magnet Elem. School, Elk River* Odyssey of the Mind Training Sessions 250 Salk Jr. High Improv Troupe, Elk River* Improv Troupe 2,550 St.Andrew's Catholic School, Elk River* COMPAS Artist Residency Program 900 FY 1997 Big Brothers/Big Sisters, Elk River Sherburne County Expansion Project 5,000 Big Brothers/Big Sisters, Elk River* Eastern Sherburne County Branch Office 2,000 Big Lake School District Focus Group 10,000 City of Big Lake Implementing Community Vision 10,000 City of Elk River* Education Officer Project 4,000 City of Elk River* Elk River Heritage Festival 1,000 City of Rogers * Senior Housing Study 2,000 City of Zimmerman Creating A Healthy Sustainable Community 10,000 Elk River School District Sherburne County Violence Prevention Activity 8,000 Guardian Angels of Elk River, Inc. * Elk River Senior Center/Dining Site 3,000 Rum River Health Services, Elk River Rum River Inter-Faith Caregivers 5,000 The 2001 Conf. Planning Committee, Elk River* Enriching Our Communities 750 FY 1996 Big Brothers/Big Sisters, Elk River Sherburne County Expansion Project 10,000 City of Big Lake Area Community Planning/Leadership Dev. 2,500 Elk River Community Theatre* My Fair Lady 2,500 Elk River Leadership Council* Area Youth Salute 1,000 Land of Lakes Choirboys, Inc., Big Lake* Salem Boys Choir Festival 1,911111 Parker Elementary School, Elk River* Software Language Enhancement sier Rivers of Hope, Elk River* Community&Youth Advocacy 1,500 Rivers of Hope, Elk River* Youth Advocacy Program 5,300 2 ORGANIZATION NAME PROJECT TITLE AMOUNT FY 1995 Big Lake School District HELPS 2,500 City of Elk River/Chamber of Commerce* Leadership of Elk River 1,000 ORiver Area Citizens League* Arts in Building a Healthy Community 1,500 ers of Hope, Elk River* Youth Violence Prevention 1,500 Village Family Service Center, Elk River* Expanded Education 2,100 FY 1994 Elk River Area Arts Council * Strings for Youth Programs 1,000 Sherburne Natural History, Zimmerman From Plow Furrows to Prairies 10,000 The 2001 Committee, Inc., Elk River Elk River Area Youth Task Force 25,000 The 2001 Committee, Inc., Elk River Education Awareness 2,050 FY 1992 Elk River Community Education Community Volunteer Network 15,000 FY 1991 Child Care Mini Grants Sixteen Individual Awards 2,563 City of Becker Community Planning 1,000 FY 1990 Greater Elk River Task Force Domestic Violence/Advocacy 12,000 Sherburne County Historical Society, Becker Courthouse Preservation 4,000 Sherburne Economic Development Corn. Community Planning 1,000 The 2001 Committee, Inc., Elk River Youth Survey Conference&Action Plan 1,000 TLC and Company, Inc., Elk River Facility Improvements/Staff Training 3,887 FY 1989 City of Elk River Wilderness Trail 5,000 Sherburne County Health Services Central MN Water Quality 44,200 Sherburne County Social Services Young Parents Program 1,350 FY 1988 Central MN Mental Health Center, Elk River Community Response to Youth Stress 3,000 ity of Zimmerman Community Planning 1,000 rburne County Health Services Community AIDS Education 10,000 1987 Sherburne County Health Services Water Quality 34,352 TOTAL GRANTS(138): $645,375 SCHOLARSHIPS AWARDED ... FUND NAME RECIPIENT/COMMUNITY AMOUNT FY 2002 Charity Evenson Memorial* Anoka Ramsey Community College $500 Charity Evenson Memorial* Art Institute Intl Minnesota 500 Charity Evenson Memorial * Bethel College 500 Charity Evenson Memorial * Minneapolis Business College(2 awards, $500 each) 1,000 Charity Evenson Memorial* St. Cloud State University 500 Charity Evenson Memorial * University of North Dakota 500 FY 2001 Charity Evenson Memorial* Northwestern College 500 Charity Evenson Memorial* Anoka Ramsey Corn. College(2 awards, $500 each) 1,000 Powell Scholarship Fund* Elk River Area Schools 250 Zimmerman Lions PTO* Zimmerman Elementary School 1,750 FY 2000 Charity Evenson Memorial* Elk River High School(3 awards of$500 each) 1,500 Charity Evenson Memorial* University of MN 500 Powell Scholarship Fund* Elk River High School 250 Zimmerman Lions PTO* Zimmerman Elementary School 2,500 41999 rity Evenson Memorial* Elk River High School(4 awards of$500 each) 2,000 Zimmerman Lions PTO* Zimmerman Elementary School 600 3 ORGANIZATION NAME PROJECT TITLE AMOUNT FY 1998 Powell Scholarship Fund* Elk River High School 2,0 Zimmerman Lions PTO* Zimmerman Elementary School 61 FY 1997 Zimmerman Lions PTO* Zimmerman Elementary School 500 FY 1996 Powell Scholarship Fund* Elk River High School 250 Zimmerman Lions PTO* Zimmerman Elementary School 670 FUND NAME RECIPIENT/COMMUNITY AMOUNT FY 1995 Powell Scholarship Fund* Elk River High School 250 Zimmerman Lions PTO* Zimmerman Elementary School 555 FY 1994 Powell Scholarship Fund* Elk River High School 250 Zimmerman Lions PTO* Zimmerman Elementary School 500 FY 1993 Powell Scholarship Fund* Elk River High School 250 TOTAL SCHOLARSHIPS(34): $18,425 * Denotes awards made by the Three Rivers Community Foundation, a component fund of the Initiative Foundation. MULTI-COUNTY PROJECTS ... GRANT ORGANIZATION/PROJECT TITLE COUNTIES SERVED AMOUNT io FY 2002 Boys&Girls Club of Central Minnesota,St.Cloud; Benton,Sherbume,Stearns $10,0 Project Learn CentraCare Health Foundation,St. Cloud; Benton, Sherburne, Stearns 1,000 Process To Peace Conferece Central Lakes College SBDC,Brainerd; Benton,Cass,Chisago,Crow Wing, Isanti, Kanabec, 7,500 Microenterprise Technical Assistance Mille Lacs, Morrison, Pine, Sherbume, Steams,Todd, Wadena,Wright Central Minnesota Community Theatre,St.Cloud; Benton,Sherbume,Steams 2,000 Community Theatre Project Central Minnesota Council on Aging,St.Cloud; Sherbume,Steams,Wright 20,000 Interfaith Caregivers Project Central Minnesota Housing Partnership, St.Cloud; Benton, Cass, Chisago, Crow Wing, Isanti, Kanabec, 50,000 Affordable Housing Development Mille Lacs, Morrison, Pine, Sherburne, Stearns,Todd, Wadena, Wright Central Minnesota Housing Partnership, St. Cloud/Partners Benton,Cass,Chisago,Crow Wing, Isanti, Kanabec, 5,000 56472, Pequot Lakes; Mille Lacs, Morrison, Pine, Sherburne, Steams,Todd, Operation "Bootstrap" Planning Wadena,Wright City of St.Cloud, Human Rights Division; Benton,Sherbume,Steams 1,000 "Learn What You Don't Know" East Central Regional Development Commission, Mora; Benton, Cass, Chisago, Crow Wing, Isanti,Kanabec, 25,000 Regional GIS Program Operating Support Mille Lacs, Morrison, Pine, Sherbume, Stearns,Todd, Wadena,Wright Onanegozie Resource Conservation&Dev.Council; Wright 1,500 Forestry Coop. Research&Development Pine Technical College, Pine City; Benton, Cass,Chisago, Crow Wing, Isanti, Kanabec, 1,500 Women in Technology Conference Mille Lacs, Morrison, Pine, Sherbume, Steams,Todd, Wadena,Wright Rivers Council of Minnesota,Sauk Rapids; Benton,Cass,Chisago,Crow Wing, Isanti,Kanabec, 4,000 MN Lakes Association Conference Sponsorship Mille Lacs, Morrison, Pine, Sherbume, Steams,Todd, Wadena,Wright 4 GRANT ORGANIZATION/PROJECT TITLE COUNTIES SERVED AMOUNT Rum River Interfaith Caregivers, Princeton; Mille Lacs,Sherbume 5,000 ealthy Organizations Partnership lem Lutheran Church,St. Cloud; Immigrant/ Benton,Sherbume,Steams 1,000 Refugee Seminar Sauk Rapids-Rice School District; Benton, Sherbume,Steams 1,500 W.E.B./LINK Mentoring Orientation Program St. Cloud State University Center for Community Studies; Benton,Cass, Chisago,Crow Wing, Isanti,Kanabec, 5,000 Rural Clinic Outreach Mille Lacs, Morrison, Pine,Sherbume,Steams,Todd, Wadena,Wright .St.Michael's Hospital Foundation,Sauk Centre/Steams-Benton Benton,Cass,Chisago, Crow Wing, Isanti,Kanabec, 5,000 'Medical Society; Mille Lacs, Morrison, Pine, Sherburne, Stearns,Todd, Central MN Health Information Network Wadena,Wright United Way of Central MN, St. Cloud; Benton, Sherbume, Stearns 2,000 Board Development Works In Progress,Sauk Rapids;Strategic Plan Benton,Sherbume,Steams 1,500 Works In Progress,Sauk Rapids; Benton,Cass,Chisago,Crow Wing, Isanti,Kanabec, 1,000 Women and Business Conference 2002 Mille Lacs, Morrison, Pine, Sherbume, Steams,Todd, Wadena,Wright FY 2001 Catholic Charities,St.Cloud; Benton, Isanti, Kanabec, Mille Lacs,Morrison,Steams, 2,500 Foster Grandparent 35th Recognition Todd,Wadena Central Lakes College SBDC, Brainerd; Benton, Cass, Chisago, Crow Wing, Isanti, Kanabec, 5,000 Business Technical Assistance for Mille Lacs, Morrison, Pine, Sherbume, Stearns,Todd, Women and Minorities Wadena,Wright Stral MN Community Foundation,St.Cloud; Benton,Cass,Chisago, Crow Wing, Isanti,Kanabec, 10,000 ephen Covey Event Mille Lacs, Morrison, Pine, Sherburne, Stearns, Todd, Wadena,Wright Central MN Housing Partnership; Benton,Cass, Chisago, Crow Wing, lsanti, Kanabec, 50,000 Affordable Housing Project Development Mille Lacs, Morrison, Pine,Sherburne, Steams,Todd, Wadena,Wright East Central Regional Development Commission, Mora; Benton,Cass,Chisago,Crow Wing,Isanti, Kanabec, 10,000 NTI Technology Business Recruitment Mille Lacs, Morrison,Pine,Sherbume,Steams,Todd, Wadena,Wright Minnesota Lakes Association; Benton,Cass, Chisago, Crow Wing, Isanti, Kanabec, 1,000 Conference Support Mille Lacs, Morrison, Pine, Sherbume, Steams,Todd, Wadena,Wright St.Cloud Area Housing&Redevelopment Authority; Benton, Cass, Chisago, Crow Wing, Isanti, Kanabec, 25,000 Regional Labor Force Assessment Mille Lacs, Morrison, Pine, Sherburne, Stearns,Todd, Wadena,Wright Sustainable Farming Association of MN; Benton, Cass, Chisago, Crow Wing, Isanti, Kanabec, 2,000 Database and Membership Survey Mille Lacs, Morrison, Pine, Sherburne, Steams,Todd, Wadena,Wright TOTAL MULTI-COUNTY PROJECTS (28): $256,000 • 5 EXAMPLES OF LOANS AWARDED ... BUSINESS NAME BUSINESS TYPE LOAN TYPE FY 2002 • A.J. Machinery Company, Inc., Elk River Machine Tool Cover Distributor Expansion (The Bank of Elk River) Advanced Extrusion, Inc., Becker Manufacturing Start-up (Associated Bank, Plymouth) Injection Mold Technology, Inc., Big Lake Manufacturing Expansion (First National Bank - Elk River) Sherburne EnviRock Converts Fly Ash to a Concrete Additive Start-up (First National Bank- Elk River) FY 2000 Eighth Street House, Big Lake Group Foster Home Expansion (Buffalo National Bank) Raymond P. Chock Trucking, Elk River Independent Truck Driver Start-up (The Bank of Elk River) FY 1999 Northstar Photonics, Inc., Elk River High Performance Laser SEED Investment FY 1998 Protector Care, Inc., Elk River Carestair-Half Height Step Asst. Expansion Windmark, Inc., Zimmerman (Breda Savings Bank- Breda, IA) Design/Mfg. Rescue Air Boats Start-up FY 1996 Marketech, Inc., Elk River (First National Bank- Elk River) Electronic Testing Service Expansion FY 1995 Mastoni's Pizza, Becker • (Sherburne State Bank-Becker) Pizza/Deli Expansion FY 1994 Brumar, Elk River (Breda Savings Bank- Iowa) Welding Expansion Freeport Finishing, Zimmerman (Princeton Bank-Princeton) Finishing Start-up Sherburne County Insurance, Elk River (The Bank of Elk River) Insurance Agency Expansion FY 1992 Darter Plastics, Inc., Becker Plastics Manufacturing Expansion Diaper Express, Zimmerman (First National Bank-Elk River) Diaper Service Start-up FY 1991 Rohn Ironworks, Elk River (First National Bank- Elk River) Structural Steel Fabricating Expansion FY 1990 Marketech, Inc., Elk River (First National Bank-Elk River Electronic Testing Service Start-up FY 1989 Horn Machine, Elk River (First National Bank- Elk River) Millwork Manufacturing Start-up Key Pattern, Elk River Pattern Design Expansion • 6 BUSINESS NAME BUSINESS TYPE LOAN TYPE FY 1988 Feroy Tool, Elk River irst National Bank- Elk River) Tooling Expansion TOTAL LOANS (25): $1,143,300 Total Business Investment Leveraged: $7,290,775 Total Jobs Created or Retained: 246 GRAND TOTAL OF GRANTS, LOANS & SCHOLARSHIPS IN SHERBURNE COUNTY $1,807,100 S • 7