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410 PRN# 1131293 <br /> Contacts: <br /> Mike Porter, APR <br /> MCPorter Marketing Communications, Inc. <br /> 952.881.3426 <br /> mcp@mcporter.com <br /> Lynn Buschman <br /> Minnesota Technology, Inc. <br /> 612.373.2945 <br /> lbuschman@mntech.org <br /> Unique New Funding Program for Businesses Relocating to Elk River Now <br /> Available <br /> Elk River Economic Development/MTI team up to offer Technical Assistance & <br /> Operations Consulting Program designed to help city's new industrial and <br /> manufacturing community members <br /> • Elk River, Minnesota (July 24, 2003) -- Businesses interested in relocating and/or <br /> expanding in Elk River may now apply for technical assistance funding thanks to a new <br /> program offered through the Initiative Foundation and the City of Elk River. <br /> Businesses that commit to a move into one of Elk River's business or industrial parks <br /> may receive up to $2000 for use toward consulting services offered by Minnesota <br /> Technology, Inc. This offer aims to support the city's goal of recruiting and retaining <br /> strong, viable companies that will improve their operations and business practices to <br /> become more profitable, and grow with the area's industrial parks. <br /> "We see this as an investment for everyone in the community," says Cathy Mehelich, <br /> Director of the Elk River EDA. "Welcoming business to our area is one thing, but we are <br /> making an effort to nurture businesses to grow here." The one page application for <br /> assistance asks business owners to project their expected benefits and resulting growth <br /> from participation in the program. "The main focus of the program is on new members <br /> of the business community, but we will also be soliciting applications from existing Elk <br /> River companies. Insight from an organization so committed to improving business <br /> through technology can be of value to all our local manufacturers." <br /> "MTI is the only organization that works directly with Greater Minnesota manufacturers <br /> and technology companies," MTI Director of Corporate Services, Don Hayward said. <br /> "Manufacturing and technology form the bedrock of many Minnesota communities, <br />