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6.3 EDSR 06-19-2017Request for Action ToItem Number Economic Development Authority6.3 Agenda Section Meeting DatePrepared by General BusinessJune 14, 2017Amanda Othoudt, EDD Item Description Reviewed by Directors ReportTina Allard, City Clerk Reviewed by Action Requested Information presented for discussion onlyin effort to keep the EDA updateddevelopment activity. Background/Discussion BUSINESS VISITS Eleven BR&E visits have been completed this year. More retention visits are in the scheduling process, watch for the emails, and please RSVP to let us know if you are able to attend. Spikes Feed Business Visit Colleen, Bryan Provo, Zach Carlton, Debbi Rydberg, and I attended a business retention and expansion visit at Spikes/JRK Seed. Spikes offers a wide variety of JRK Se JRKs Eagan facility. Their mixes are designed specifically for pikes offers animal feed, full line of turf supplies and a selection o-6 FT at the Elk River facility. They indicated they have a good relationship with the city and have no issues or concerns. They welcome the City of Elk River to utilize their digital display sign if they so choose to advertise community events, to include the concert series, Taste of Elk River, and the farmers market. Ebners Bait Business Visit Mayor Dietz, CM Olsen, Debbie, and I met with Joanne from Ebners Bait. The business began in 1949 by current owner Joanne's grandparents Alfred and Laura Ebner. T business offering both retail and wholesale services until 1967 Ebner and his wife Norma. They conducted business in the same manner as Alfred a next 24 years before passing it down to the third generation of Ebner's. In 1991 Ronald and Norm turned ownership over to daughter Joanne and son Mark. In 2007 Jsole owner of the business. Their customers come from all over, including Owatonna traffic occurs on Saturday where they serve approximately 200 pe to them over the years and they have had no issues. BR&E Visit  Mystery Chambers Dan Tveite, Barbara Burandt, Jake Pace, Colleen Eddy, Chris Leeseberg, and I attended a Business Retention and Expansion visit with Mike Akerman at Mystery Chamb four people and offers two themed mystery rooms. They are working on adding a third Chambers is a team based event for families, friends, or busines to evaluate your environment and use logic to decode and solve phat are needed to escape the chamber. They chose Elk River because it was close to home andin good proximity to the Metro. Mystery Chambers is opened Thursday thru Sunday and will open du Amore Ice Cream Shop County Commissioner Barbara Burandt, Debbie Rydberg, Brianna Simon, Colle,and I met with both Helenand Ashley, co-owners of Amore Ice Cream Shop this past week. They feature 48 flavors of ice cream, pizza, specialty hot dogs, popcorn, soup, sandwiches, Jelly Bellys & candy.They employ21 PT high school students and are looking to hire more. They have been very busy s October of 2016. They average over 1,500 customers on any given weekend. They are planning on opening another location in Buffalo early next year. MISCELLANEOUS Revolving Loan Fund Balance Reports At the request of members, a copy of the Revolving Loan Fund rep Financial Impact None Attachments Revolving Loan Fund Balance Report, June 14, 2017