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purchase contract. The entire Minnesota operation of Patriot would relocate to Elk River. They also <br />have a plant in Newton, IA which they are in the process of expanding as well. The application has been <br />submitted to our financial advisor and will be reviewed at the EDA Finance Committee meeting on <br />December 30th. <br /> <br />Cornerstone Ford Expansion <br />Staff has been working with representatives of Cornerstone Ford on their expansion project. They are <br />finalizing the plans and specs for the project. They have indicated that they intend to apply for Tax <br />Abatement Financing from the city and county on Feb 1, 2016. They are anticipating a spring 2016 <br />construction start. <br /> <br />MISCELLANEOUS <br />Mid-America Economic Development Council (MAEDC) Conference <br />Colleen attended the Mid-America Economic Development Council (MAEDC) in Chicago. The annual <br />Site Selector forum was attended by over 300 economic development professionals from around the <br />Midwest. The council hosted a tour of the UI Labs and DMDII (Digital Manufacturing and Design <br />Innovation Institute). DMDII is 94,000 sf of space that houses advancements in digital manufacturing, <br />education and workforce development. The flexible infrastructure provides a digital manufacturing <br />demonstration site for the country and the City of Chicago. The development was created to solve large <br />scale industrial challenges by forming consortia of university, industry, and civic partners who innovate <br />and commercialize new technology solutions. The conference also included presentations on the state of <br />manufacturing, how to attract foreign direct investments, and a site selector panel along with roundtables <br />which was an opportunity to meet with site selectors in a small group informal setting. <br /> <br />Golden Shovel EDA/HRA Website Kick off Meeting <br />Staff attended an EDA/HRA website contract and kick off meeting with representatives from Golden <br />Shovel Agency. The design and kick off meetings included discussions on project designs and <br />functionality. This was the first meeting in the process of developing a new EDA/HRA website. Staff <br />was provided with a timeline and a list of action items to be completed before the next meeting <br />scheduled for January 7, 2016. <br /> <br />Sherburne County Revolving Loan Fund Program <br />The Sherburne County Board of Commissioners approved the Sherburne County Revolving Loan Fund <br />program at their December 15, 2015 meeting. Sherburne County has dedicated $250,000 to the RLF <br />program. The Initiative Foundation will administer the program. <br /> <br />Financial Impact <br /> <br />None <br /> <br />Attachments <br /> <br />None <br />