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POLICIES AND PROCEDURES MATCHING REQUIREMENTS - <br /> The following summarizes important Fund In order to create new sources of private to t <br /> policies, procedures and evaluation guide- investment and to leverage the Fund's <br /> lines. resources, the Fund will strive for cash equi- <br /> ty matches. This means that the Fund, in <br /> ELIGIBLE BUSINESSES most cases,will provide only a portion of the A. <br /> Eligible businesses include: total equity needed. The matching funds <br /> • Small, technology-related must be tied directly to the same use of <br /> manufacturers or operations funds as the Anoka County Capital Fund. �' <br /> • Manufacturing-related companies or rr <br /> operations << MINIMUM/MAXIMUM INVESTMENT Q• <br /> A company need not be "high-tech," The typical investment by the Fund will <br /> edi <br /> but it must have or be developing a new range from$25,000 to $100,000. For needs . <br /> above $100,000 the Fund has the ability to <br /> product or process which will give it a M,, <br /> competitive position in the marketplace. partner with other funds. t' <br /> WHAT IF YOU ARE TURNED DOWN? <br /> INELIGIBLE BUSINESSES The Anoka County Capital Fund will be <br /> Ineligible businesses include retail, tradi- p <br /> tional service businesses (such as restau- unable to invest in every opportunity, but ii <br /> rants),commercial real estate developments, when a project is turned down, every effort . j <br /> mi <br /> will be made to outline the reasons why and 1'" Y <br /> ANOKA COUNTY make appropriate referrals to other sources <br /> of assistance. <br /> RESIDENCY REQUIREMENTS <br /> One hundred percent of the investments >1 PORTFOLIO FOCUS ! <br /> will be made in companies or operations that <br /> are located in or will be moving to Anoka , INDUSTRY ,, <br /> County. One of the Fund's major objectives is to k` <br /> R develop a balanced portfolio of successful ti <br /> FUND USES ' companies. Consequently,Anoka County 3 <br /> Appropriate uses of the fund include: <br /> a::::::::: Capital Fund investments will span a range <br /> • Working capital associated with product <eiii of eligible industries. The Fund will howev- <br /> development ii::::':.; er seek opportunities in industries where <br /> iliig: <br /> • Commercialization Anoka County has a demonstrated.economic <br /> • Marketing base from which to build. These industries <br /> • Inventory include medical products,precision tooling,• <br /> • Accounts receivable and food processing to name a few. In addi- <br /> • Facility expansion lion,the Fund will actively explore business- <br /> • Equipment > es which are major suppliers to its larger cor- <br /> • International joint ventures porations. <br /> • Other uses deemed appropriate by <br /> Fund Management and the AN o 7I-.:/� . <br /> Investment and Technical Advisory <br /> Committees COUNTY <br /> COITAL <br /> Page <br /> ::::.:::::::: FUND <br /> „„„:,„„ <br /> . 2 <br />