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City of Elk River <br /> Strategic Marketing and Sales <br /> Elk River...Where city and country flow together <br /> Client Interview Feedback <br /> Industrial Client Requirements <br /> Client Requirements Feedback Action <br /> REAL ESTATE <br /> Site Needs Need start-up space Maintain and continue to <br /> • Space Availability financially support the City's <br /> • Lease Incubator <br /> • Build/own <br /> • Purchase Existing Determine low cost industrial <br /> space(i.e.metal buildings) <br /> Facility Needs <br /> • Bulk Storage <br /> • warehouse <br /> • light manufacturing with <br /> office space <br /> Expansion Options <br /> • Availability <br /> • Cost of Suitable Sites <br /> Site Needs: Need additional sites with utilities Need an anchor for West <br /> • Size of parcel for light manufacturing Business Park;may require <br /> • configuration of land, additional incentives to select the <br /> • type of facility, Need to build 10,000 to 30,000 right business that will set the <br /> • environmental factors s.f.buildings with expansion tone for the rest of the park <br /> • price options. <br /> • Rail Spur <br /> Access The city is not focused or priority City needs to clearly articulate its <br /> changes where industrial industrial development plan <br /> development is going to be which <br /> significantly impacts utilities' <br /> investment,$16 M for one area <br /> alone. <br /> Price <br /> • Free Land <br /> • Market rate <br /> FINANCIAL INCENTIVES <br /> Tax Increment Financing(TIF) <br /> /Tax Abatement <br /> (Pay as you go) <br /> TIF <br /> (Upfront/Bonds) <br /> TIF Land Contribution Free land is essential Incentive package must <br /> compensate for the additional <br /> costs to move out of Metro area <br /> e.g. loss of employees or other <br /> concerns <br /> Loans <br /> A BluePrint For Your Success <br /> ...Today and Tomorrow <br />