HRSR MEMORANDUM 03-04-1996 - Laserfiche WebLink

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SECTION 1 - ANOKA COUNTY CAPITAL FUND STRATEGY AND PROCESS To encourage the growth of small compa- nies in Anoka County, area banks, utility .) MISSION companies,Anoka County and other stake- holders have created an fund to invest in The mission of the Anoka County Capital small or emerging companies through equi- Fund is to stimulate in Anoka County the ty or other type investments. The emphasis development of entrepreneurial ventures, the start-up,Fund will be to make investments in up, small and expanding businesses retention and expansion of existing businesses that are primarily technology-intensive or and the attraction of new business activity con- .;;, manufacturing related. ''� sistent with the character ofAnoka County ��'� lishe a Anoka County Capital Fund has estab- ntX d Investment and Technical Advisory Committees comprised of individuals with Our goals are to: expertise in private investing and business 21.:: development from across the Twin Cities' Metropolitan Area. The Technical Advisory 1. Draw together Anoka County stake Committee advises the Anoka County holders including banks, utility ii, Economic Development Partnership companies and other investors in order : of Directors (the Fund's Manager) on the Board to embark on a collaborative effort to SI applicants product, market potential, and improve the area's economic condition <:= management ' and stimulate job creation by >�� g expertise.The Investment Y `': : Advisory Committee analyze and make rec- strengthening its manufacturing and ommendations based on the financial technology-based industries. : 46 2. Provide a source of capital for small }>;>. aspects of the investment. p ,.., businesses including women and ' STRATEGIC INTENT minority owned businesses that are 011 The strategic intent of the Fund is to located or will locate in Anoka County. $ '' • Provide a market rate of return on 3. Retain existing businesses and their investment appropriate to the risk; Planned expansions >`<`' • Create new sources and leverage 4. Generate a cash return to fund "' existing sources of capital; investors. ?:: • Monitor operations and provide business and technical expertise to >< :> businesses; :,_:.::. . .n::.. Cultivate `'x > ate successful ful businesse .--':*:-• > > M ., F This Fund is not a to .. ::;:�: ..::�,;.;,.:. ; `> loan or a grant pro- v. °,,,:d° `}' gram Because the Fund shares th `'� the risk, Anoka County Capital Fund ` } investments are structured so that the Fund `< will share in the profits that result. In most <` cases, if the Fund makes an investment, the Fund will participate in ownership of the egii company This may involve a range of moni- <: toring activities as a means of protecting the investment including, but not limited to ge '`: attending all company board of director's ': meetings in an advisory capacity; assisting 1: the company in finding business experts and 1 > other resources; making recommendations >': designed to help the company succeed.