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• <br /> Industrial Base Continued <br /> .rte nlit <br /> Programs and Incentives <br /> Support the use of Tax Increment Financing (TIF) as a tool to retain <br /> and attract industrial businesses <br /> • Modify the TIF policy to allow maximum flexibility and to guide the <br /> city's appropriate use of this tool <br /> I Support Sherburne County's effort to establish a revolving loan <br /> fund, and other resources, for economic development <br /> El 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 A <br /> • Modify the Micro Loan policy to allow maximum flexibility for use as <br /> an incentive to encourage industrial business growth <br /> ij Research opportunities for using the Internet to identify industrial <br /> prospects <br /> 01 Update the community profile and demographic information <br /> annually <br /> __- Maintain an inventory of available buildings for manufacturing and <br /> other industrial users <br /> • r Plan and coordinate a marketing event for industrial realtors and <br /> brokers, developers, and prospects <br /> MI 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 /> EI Work with local banks to establish a cooperative public/private <br /> economic development financing program <br /> • <br />