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Working to Grow Our Local Economy <br />Business owners consider many factors when deciding where to locate or grow their companies. One reason many <br />economic development partners eager to assist getting projects off the ground. Elk River EDA is proud to be one <br />of those partners. <br /> The Sportech team is able to bring vehicles into the <br />area for design work and pre-production fitment. The <br /> <br />Innovation Center has a designated work area for their <br />customers where they can set up their computers, <br />industry standard <br />spread out and easily collaborate with their design <br />team. Chris Carlson, CEO of Sportech, Inc. says <br />The Economic Development division provides a <br />variety of federal, state, regional, and local financing <br />coming to our facility to participate in the pre- <br />programs to meet the gap financing needs of new and <br />production development process, and we wanted to <br />growing businesses. <br />create a space where they would feel at home with <br />Sportech, Inc., is the most recent recipient of a <br />hopes that they'll want to return. We think we <br />$111,155 forgivable loan. They utilized the proceeds to <br />accomplished our goal as the feedback from our <br />construct a state-of-the-art Innovation Center. This <br />customers thus far has been overwhelmingly <br />unique area is specifically designed to enhance <br /> <br />creativity and promote collaboration within their new <br />product development group. <br />The Innovation Center is home to their new product <br />development group, a dynamic team of design <br />engineers and industrial designers. The area features an <br />open format with bullpen-style seating arrangements <br />where designers are able to easily interact on projects. <br />Custom lighting, some trendy technical styling cues, <br />and the assortment of cool power sports vehicles and <br />memorabilia on display makes for a fun place to work. <br />Economic Development Authority continues staking Elk Rivers business growth <br />987. <br />Square Foot of <br /> <br />Business Name Public Sector Jobs Created Private Investment Taxable Value <br />Building Added <br />Attracted <br />Investment <br />Added <br />Sportech, Inc. $1,288,589 72 $8,407,740 $216,383 <br />GATR, Inc. $546,814 15 $13,249,495 $160,556 42,912 <br />Morrell Trucking $321,609 8 $2,180,545 $35,311 13,824 <br />Distinctive Iron $126,000 7 $630,000 - - <br />Envision Companies $111,155 4 $263,088 - - <br />TOTALS $2,394,167 106 $24,730,868 $411,250 161,736 <br />