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• <br /> Industrial Base - Continued <br /> k <br /> y 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 /> ✓ Support Sherburne County's effort to establish a revolving loan <br /> fund, and other resources, for economic development <br /> ✓ Encourage Elk,River Municipal Utilities to establish a dedicated <br /> revolving loan fund for economic development and to provide a <br /> Aft• competitive incentive electric rate for qualified industrial businesses <br /> ✓ Modifythe Micro'Loan policyto allow maximum flexibilityfor use as <br /> an incentive to encourage industrial business growth <br /> ✓ Research opportunities for using the Internet to identify industrial <br /> prospects <br /> ✓ Update the community profile and demographic information <br /> annually <br /> ✓ Maintain an inventory of available buildings for manufacturing and <br /> other industrial users <br /> ✓ Plan and coordinate a marketing event for industrial realtors and <br /> brokers, developers, and prospects <br /> ✓ 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 /> ✓ Work with local banks to establish a cooperative public/private <br /> economic development financing program <br /> • <br />