5.0. EDSR 08-09-2004 - Laserfiche WebLink

Home Browse Search

Strategic Industrial Marketing Activities Update August 9,2004 Page 2 of 3 • Cymbet The attached article indicates that Cymbet recently received$10 million in venture capital. Semi Annual Incubator Report Incubator consultant Harlan Jacobs will also be in attendance at the September meeting to provide his semi-annual Incubator report. I I. Competitive Strategy The attached article provides details on Cambridge's new industrial park. Cambridge is not considered a key competitor in the EDA's Strategic Industrial Marketing Plan,however the plan was completed before the State of MN developed its Job Opportunity Building Zone (JOBZ) Program. JOBZ zones provide tax exemptions for businesses that create jobs in economically depressed areas of the state. Cambridge and Sartell are the closest JOBZ zones to Elk River. Ill. Key Account/Lead Generation Strategy In June, staff attended the National Association of Industrial& Office Properties (NAIOP) 2004 Annual Industrial Market Update event. The attached report includes market occupancy and rental information in the northwest metro, defined as far as Rogers. Staff will present the semi-annual inquiry/prospect report at the September meeting. I V. Promotions &Advertising Strategy • The advertising schedule is proceeding as planned. Nine of the sixteen scheduled ads have appeared so far this year in various publications catering to commercial real estate brokers and manufacturers. V. Public Relations Strategy Staff is working with Wolf Marketing&Media and Tammy Miller Design to prepare a direct mail piece for distribution to a targeted list of manufacturers located within the tri-county area. The piece will promote the Micro Loan Program and the Technical Assistance & Operations Consulting Program. The piece is expected to be mailed in September. Staff continues to maintain the marketing packets as changes occur in the business sites inventory,list of manufacturers, and business financing options. Staff submitted articles on Gradient Technology and Orluck Industries to the Economic Development Association of MN (EDAM) for insertion into the organization's upcoming newsletter. VI. Strategic Partnership Strategy Downtown Revitalization Project At its June 30t Special Meeting,the HRA adopted a resolution requesting that the City Council schedule a public hearing on the proposed TIF Plan for the project. Upon the HRA's request the City Council called for a public hearing on September 20, 2004 to consider adoption of the TIF Plan. Upon the adoption of the TIF Plan,it is anticipated that • the HRA will consider a final Development Agreement with MetroPlains in October.