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le PROGRESS PARTNER ch <br /> i <br /> River <br /> May 2003 The Light Industrial Hub of the Northwest Metro <br /> Sportech, Inc. doubles plant using $200,000 Unique program being <br /> in federal grant dollars. developed to help <br /> assure success of new <br /> With a 2% interest loan from the City of Elk River,Sportech Elk River industries. <br /> begins an expansion project that will double its existing <br /> manufacturing space to 40,000 square feet. This expansion is <br /> only the latest in the success of Sportech which has gone from The City of Elk River is putting the <br /> garage-based business to one of Business Journal's Top 50 Small finishing touches on a new <br /> Businesses in just 9 years. program that will provide <br /> assessment and consultation of <br /> "The support of the City of Elk River to get the federal grant production/operations practices as <br /> money available in time for us to bring more work in-house helps firms move into new industrial <br /> us be more profitable and adds jobs in the area,"according to spaces in the city. This program, <br /> Sportech CEO/founder Chris Carlson. "While this loan is only developed in conjunction with <br /> part of what it will take to fund our new building,it was critical Minnesota Technology,Inc. <br /> to rounding out our conventional financing. We have been (MTI),supports the city's goal of <br /> blessed as a company with our growth,and we are very recruiting and retaining strong, <br /> • appreciative of the help and support that the City of Elk River viable companies that will grow <br /> has provided us.We like it here in Elk River,and we look forward with the area's industrial parks. <br /> to continued growth with the city." <br /> Consultation for manufacturers will <br /> The best thing about this story may be that as Sportech repays include assessment of current <br /> the loan to the city,the money will become available for other production processes,identification <br /> local manufacturers that want to expand in the future. <br /> Continued on page 2. <br /> To learn more about Sportech and its full line of snowmobile and <br /> ATV accessories,visit their web site at www.sportechinc.com <br /> _ Need more space NOW? <br /> -___ '`1p®RT� .,,, We've got 60,000 sf <br /> ''"'''',-"* . *---,.. 7.1�N <br /> waiting! <br /> `-- ;.. ;, It takes time to build,and you need <br /> _° space today. Elk River has a <br /> number of great small to medium- <br /> sized industrial and manufacturing <br /> spaces ready for new tenants <br /> a `, .- immediately. Give us a call to learn <br /> �� �` ��� more about how you can get out of <br /> � : <br /> _ ,�-� � �;� your cramped space and give your <br /> e>ti1 employees the elbow-room they <br /> • mti ;7 x.. . , _ 17- r <br /> need to work more efficiently. <br /> The City of Elk River congratulates Chris&Debra Carlson and Contact Heidi Hall at <br /> employees of Sportech, Inc., recently selected by the Elk River Area <br /> Chamber of Commerce as- r.2003 Manufacturing Business of the Year (763) 241-5526 or by e-mailing: <br /> hhall@ci.elk-river.mn.us <br />