6.5 EDSR 01-21-2014 - Laserfiche WebLink

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Working to Grow Our Local Economy Business owners consider many factors when deciding where to locate or grow their com- panies. One reason many find Elk River attractive is it's Midwestern work ethic,focus on r alternative energy,and public/private sector economic development partners eager to assist getting projects off the ground. Elk Rivers El)A is proud to be one of those partners. Economic Development Authority continues staking Elk Rivers business growth The Elk River Economic Development Authority has continued assisting the city's business growth since it was established in 1987. Business Name Public Sector Jobs Created Private Investment Taxable Value Square Foot of Investment Attracted Added Building Ralphie's Victory $74,999 0 $515,250 $30,600 3,000 Lane The Blue Egg $73,342.65 3 $1,157.35 $2,500 1,100 Alliance Machine $200,000 6 $1,354,000 $560,300 17,250 Orluck Industries $200,000 6 $1,147,000 To be completed by 12,000 end of Q2 2014 Preferred Powder $1,453,878 15 $4,738,817 $5,000,000 100,000 Coating P.S....Dance Studio $28,000 0 $380,000 $30,000 6,000 $2,030,219.65 30 $8,136,224.30 $5,623,400 139,350 Energy Efficiency projects Ralphie's Victory Lane: Ralphie's Victory Lane is a self-service gas station with efficiency in mind. They used an Energy Efficiency Microloan to update the gas stations outdoor lighting and parking lot. Outdoor appearance had been a detriment to this gas stations future success. t 11.. /►a: Ow— 111110 p „°. P.S...Dance Studio P.S. ..Dance Studio has moved to a new location,251 8th St NW#B ,and some minor renovations were needed. The Energy Efficiency Improvement Micro Loan assisted in updating the electrical system and install a new HVAC unit. With these changes they have seen a$2,000 year savings. P.S...Dance Studio serves 400 dance students a year.