9.0. EDSR 02-12-1996 - Laserfiche WebLink

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SECTION I - ANOKA COUNTY CAPITAL FUND STRATEGY AND PROCESS To encourage the growth of small compa- MI nies in Anoka County, area banks, utility MISSION '> companies,Anoka County and other stake- . ' holders have created an fund to invest in The mission of the Anoka County Capital small or emerging companies through equi- > ty or other type investments. The emphasis Fund is to stimulate in Anoka County the of this Fund will be to make investments in development of entrepreneurial ventures, the start-up, small and expanding businesses retention and expansion of existing businesses that are primarily technology-intensive or and the attraction of new business activity con- '' manufacturing-related. The Anoka County Capital Fund has estab- sistent with the character of Anoka County. 1 oil fished Investment and Technical Advisory IIi Committees comprised of individuals with expertise in private investing and business Our goals are to: development from across the Twin Cities' 1. Draw together Anoka County stake Metropolitan etm ompitte�Area. The Technical Advisory holders includingbanks, utilitye advises the Anoka County Economic Development Partnership Board companies and other investors in order II of Directors (the Fund's Manager) on the to embark on a collaborative effort to III applicants product, market potential, and improve the area's economic condition management expertise.The Investment and stimulate job creation by '' Advisory Committee analyze and make rec- strengthening its manufacturing and ommendations based on the financial technology-based industries. aspects of the investment. 411, 2. Provide a source of capital for small businesses including women and STRATEGIC INTENT minority owned businesses that are gN The strategic intent of the Fund is to: located or will locate in Anoka County. • Provide a market rate of return on ° investment appropriate to the risk; 3. Retain existing businesses and their planned expansions 11 • Create new sources and leverage 4. Generate a cash return to fund existing sources of capital; investors. • Monitor operations and provide business and technical expertise to businesses; Cultivate successful es sful businesses. n e s se s. This Fund is not loan or ar g an t pro- :::::::::::. ro- gram. Because the Fund shares the risk, Anoka County Capital Fund investments are structured so that the Fund will share in the profits that result. In most cases, if the Fund makes an investment, the Fund will participate in ownership of the company. This may involve a range of moni- `' toring activities as a means of protecting the investment including, but not limited to: Piia attending all company board of director's meetings in an advisory capacity; assisting the company in finding business experts and 1 other resources, making recommendations 1 designed to help the company succeed.