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Industrial Base - Continued <br /> <br />Programs and Incentives <br /> ,f Support the use of Tax Increment Financing (TIF) as a tool to retain <br /> and attract industrial businesses <br /> V' Modify the TIF policy to allow maximum flexibility and to guide the <br /> city's appropriate use of this tool <br /> ~' Support Sherburne County's effort to establish a revolving loan <br /> fund, and other resources, for economic development <br /> V' Encourage Elk River Municipal Utilities to establish a dedicated <br /> revolving loan fund for economic development and to provide a <br /> competitive incentive electric rate for qualified industrial businesses <br /> V' Modify the Micro Loan policy to allow maximum flexibility for use as <br /> an incentive to encourage industrial business growth <br /> V' Research opportunities for using the Internet to identify industrial <br /> prospects <br /> V' Update the community profile and demographic information <br /> annually <br /> V' Maintain an inventory of available buildings for manufacturing and <br /> other industrial users <br /> V' Plan and coordinate a marketing event for industrial realtors and <br /> brokers, developers, and prospects <br /> · /' Establish a policy to guide the use of the city's development fund in <br /> a manner which will support the growth of the city's industrial and <br /> business base <br /> ~' Work with local banks to establish a cooperative public/private <br /> economic development financing program <br /> <br /> <br />