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8.0. EDSR 10-14-1997
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8.0. EDSR 10-14-1997
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City Government
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EDSR
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10/14/1997
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WHAT IS "COMMUNITY Community Venture Network is a consortium of <br /> • VENTURE NETWORK?" Minnesota communities with business investment funds or <br /> loan funds, seeking to promote development within their <br /> communities. <br /> WHAT IS COMMUNITY CVN seeks to "match" its prospects with its member <br /> VENTURE NETWORK'S communities to facilitate the location of the business <br /> PURPOSE? in the community. <br /> WHO MANAGES CVN is professionally managed by Public Resource Group, <br /> COMMUNITY VENTURE Inc.,a Minneapolis based economic development consulting <br /> NETWORK? and business financing company. <br /> WHAT TYPES OF CVN seeks to identify prospects in one of the <br /> COMPANIES DOES following categories: <br /> COMMUNITY VENTURE <br /> NETWORK RECRUIT? <br /> 1. "Development Stage" companies with existing <br /> product lines, but seeking expansion capital. <br /> 2. Business Acquisitions. New business owners <br /> 111 seeking additional equity or expansion capital to <br /> complete the purchase of successful, existing <br /> companies. <br /> 3. Spin-Offs/Business Expansions. Existing divisions <br /> of ongoing companies that are available for sale <br /> which might constitute a business opportunity for <br /> Community Venture Network members existing <br /> business base. <br /> HOW DOES COMMUNITY CVN conducts an active outreach program emphasizing <br /> VENTURE NETWORK the availability of its member community's capital <br /> IDENTIFY ITS PROSPECTS? program. Continual contact is maintained with <br /> accountants, attorneys, venture capitalists, and the private <br /> banking community to generate referrals. <br />
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