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Strategic Industrial Marketing Activities Update <br /> March 10,2003 <br /> Page 2 of 3 <br /> • I V. Promotions & Advertising Strategy <br /> Inquiries <br /> Staff conducted two site visits with an injection mold prospect in late February. The <br /> company is seeking 5,000 square feet of lease space. <br /> Three Incubator prospects are expected to present to the Incubator Advisory Committee on <br /> April 7, 2003. <br /> Economic Development Web Page <br /> Road tonnage information has been added to each site details page of the Economic <br /> Development Web Page,located within the City's web site at avww.ci.elk-river.mn.us. <br /> 2003 Ad Campaign <br /> It is expected that new ad photos taken last week at Cymbet and Tescom will be used in <br /> future Elk River ads. So far this year, E & 0 Tool&Plastics and Metal Craft Machine& <br /> Engineering have been featured in Elk River ads (see attached ads). <br /> V. Public Relations Strategy <br /> Energy City <br /> Staff continues to work on the new Energy City brochure,web site, and display for the <br /> Environmental Learning Center. The Action Committee for Energy (ACE) has approved <br /> two brochure styles, a tri-fold style and a folder/insert style. The tri-fold brochures will be <br /> distributed at the Energy City booth during the March 30th Elk River Area Chamber of <br /> • Commerce Business Expo. <br /> MN Technology Partnership <br /> In February 2003, the EDA authorized staff to submit a grant inquiry to the Initiative <br /> Foundation to assist in the development of a pilot partnership project designed to recruit <br /> and retain strong manufacturing companies in the City of Elk River. Staff submitted the <br /> grant inquiry. The Initiative Foundation responded by asking for a full grant proposal for up <br /> to $5000 to implement a two-year program. It appears that Governor Pawlenty has <br /> proposed eliminating the MN Technology program (see attached article). At this time, it is <br /> too early to know if the program will be cut. Staff will proceed with the project until further <br /> notice. <br /> VI. Strategic Partnership Strategy <br /> Downtown Revitalization Project <br /> No new developments have occurred with the Downtown Revitalization Project. <br /> 2003 Money Breakfast <br /> Approximately 60 people attended the 3rd Annual Money Breakfast. The Director of <br /> Economic Development delivered a presentation on TIF,Tax Abatement, and Venture <br /> Capital finance resources. <br /> EDAM "Incubator Success Stories" Event <br /> Approximately 70 people attended the Economic Development Association of MN <br /> • (EDAM) "Incubator Success Stories" luncheon event that was held in late February at City <br />