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City of Elk River <br /> Strategic Industrial Marketing Plan <br /> Elk River...Where city and country flow together <br /> • <br /> Client Requirements Client Drivers Client Value(Benefits) <br /> EINANGIAL,Il�ICENTIYES ., . ... <br /> Tax Increment Financing(TIF)/Tax Need$$to assist with reducing project Able to use$$for business results <br /> Abatement cash flow <br /> (Pay as you go) <br /> TIF Need up front financing to reduce project Reduces debt service <br /> (Upfront/Bonds) cost <br /> TIF Land Contribution Reduce upfront costs and provide equity Ability to put more$$into business <br /> Loans Gap financing,reduced cost of money Ability to acquire more funds for project <br /> CTY.SERV.J:CES voSTS.n.., <br /> Low property taxes Reduce business costs Use$$for business results <br /> Special Infrastructure Needs: Electric, Special production requirements or Critical inputs and quantities for <br /> Gas,Communications,Water&Sewer communication linkages production and running the business <br /> Availability,Reliability&Cost <br /> Timely and accurate information Need to know information to make a well Avoid wasting time and$$ <br /> informed decision <br /> Ease of doing business with the city Don't want to waste time or energy on Know that business is wanted and <br /> zoning,or other permit issues appreciated in the community <br /> GEGGRAPHIGiRf &u, 1. "W '. tigl4 <br /> Proximity to St.Cloud Close proximity to second urban center Reduce business costs <br /> Access to: Easy and affordable access to vendors, Reduce business costs <br /> • Suppliers suppliers,and customers <br /> • Support services <br /> • Raw materials <br /> • Customers <br /> • Vendors <br /> (Proximity to Metro) <br /> Transportation: Need access to major international airport Reduce staff traveling time and <br /> • • Highway <br /> • Rail for national and international markets transportation costs and transport product <br /> more quickly <br /> • Air <br /> Industry Compatibility Desire to fit in and avoid conflict Be a good neighbor and community <br /> partner <br /> Labor Force: Number,quality,skill and <br /> wage level <br /> • Highly skilled Availability Production&Profit <br /> • Semi-skilled <br /> • Unskilled <br /> • Clerical <br /> • Professional/Technical <br /> • Managerial <br /> Education: Need a good education system available Well educated children <br /> • K-12 for my employees and my children. <br /> Need to continue to train my employees. <br /> • Technical training Well trained employees <br /> Housing Needs:Current Stock Availability Want to have executive and affordable Choice at all housing levels <br /> &Price Levels housing options <br /> Institutional Support&Network Need for business formation,support and General business and R&D Support, <br /> technology development support Training$,to help my business be <br /> successful <br /> i <br /> Duckor&Associates,Inc. 8 <br /> A BluePrint For Your Success <br /> ...Today and Tomorrow April 24, 2000 <br />