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J <br /> • <br /> Business Development Fund <br /> Fact Sheet <br /> Toni for Tndustrial Growth <br /> •Not a loan fund but a targeted incentive program for industrial building projects <br /> *Focus on tax base creation <br /> •Equal opportunity for existing or new-to-the-County manufacturers or industrial <br /> service firms <br /> *Only quality "bankable" loans are eligible <br /> • <br /> Easy and low-cost Investment <br /> 41) 'Risk free, FDIC-insured investment for institutional investors <br /> • *Very low revenue loss to investors <br /> • •Opportunity cost is the only real question <br /> • <br /> •Successful program in Kandiyohi and Chisago counties <br /> Partnership Opportunities <br /> • •Provides opportunity for County to partner with communities <br /> *Can be used alongside other programs such as SBA, CMIF, City RLFs, etc. <br /> •Eligibility of applicants monitored by BDF Oversight Committee <br /> •Wage ($8.01/hour) and job requirements ($30,000 of RDF per job) monitored by <br /> County staff <br />