6.0. EDSR 01-09-2006 - Laserfiche WebLink

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News f=~ _~- ~ < <~ ~......, ver www.ci.elk-river.mn.us Four groundbreakings to bring and create 126 jobs GOAL TO BE THE `LIGHT INDUSTRIAL HUB OF THE NORTHWEST METRO' IS ON TRACK roundbreaking shovels have been getting quite a workout in Elk River in recent months. Since late September, those shovels have been used by local officials and business owners to break ground for four new facilities in City business parks. All of the finns are new to Elk River, bringing with them a total of 74 existing jobs and creating 52 new ones. All four manufacturing finns received tax rebate financing assistance from the City of Elk River and Sherburne County. .'he assistance provided to the four companies ranges from $150,000 to $275,000, depending on the number of jobs the firm will bring to the City and the cost of the land. "The City looks at these projects as part of along-term effort to attract companies that bring solid employment opportunities and will become active parts of our community," says Catherine Mehelich, the City's Director of Economic Development. "Elk River has truly become the light industrial hub of the Northwest Metro." ^ Medical Extrusion Technologies (MET) Inc. is building a 20,000 square foot facility on 2.4 acres. MET, which manufactures plastic tubing for medical, cotrunercial, telecommunications and recreational applications, has been in business since 1990 in California. It wanted to build a "sister site" in the Twin Cities to be closer to many of its clients. MET expects to create 23 new jobs. Here's a look at the four companies building facilities in Elk River: ^ Crystal Distribution Inc. is constructing a 30,000 square foot facility on 3.7 acres. The company provides sheet tneta] fabrication for custom heating ventilation and air conditioning distributors throughout the United States and Canada. It will bring 31 existing jobs to Elk River and create 15 new ones. There is room on the lot for a future 12,000 square foot expansion. ^ Classic Acrylics Inc., a plastic fabricator ofpoint-of-purchase displays, has broken ground on a 20,000 square Please.ree "Groundbreaking"on Paget a.ray or tcx cover economic Development Winter 2005 Alliance Machine Int.'s Bryan Provo, vice president, and Pat Provo, president and founder, recently broke ground in Elk River.