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• VP was founded by Darryl Arquitte, David Held, and Frank <br /> Christopherson. Other investors and management team members <br /> I I'I' <br /> include Wendell King and Arnold Angeloni of Gateway II, a venture <br /> capital firm, as well as Harlan Jacobs. Charles Newman developed the <br /> software and licensed it to VP. <br /> VP is would like to enter into a one year lease for 2000 sf of incubator <br /> space beginning as early as July. It may become necessary for VP to <br /> lease an addition 1000-2000 sf as the company grows. It is anticipated <br /> that VP will employ as many as 30 people by the end of year one. <br /> Should this occur, limited parking will require that the company find <br /> other office space in Elk River. <br /> As a dot-corn company, high speed internet access will be crucial to <br /> VP's operations. Staff has been working with Northstar Access to <br /> provide a fiber optic cable in the form of a T-1 line to the incubator. <br /> This will be done at no cost, although, it will be necessary to install a <br /> number of jacks in each incubator suite which will like cost the EDA <br /> between $500 and $1000. <br /> Action <br /> Staff request that the EDA consider approving Vertical Publishing's <br /> application for admitance in to the Business Incubator Program. <br /> Attachments <br /> • Application <br /> • Incubator Advisory Board meeting minutes — May 31, 2000 <br /> 7. Presentation of Strategic Industrial Marketing Plan—Anita S. <br /> Duckor <br /> Anita S. Duckor will present the completed Strategic Industrial <br /> Marketing Plan to the EDA. <br /> Attachments <br /> • Power Point Outline <br /> • Strategic Industrial Marketing Plan <br /> s:\eda\agenda\00june12.doc <br />