9.0. EDSR 02-12-1996 - Laserfiche WebLink

Home Browse Search

POLICIES AND PROCEDURES 1111111 MATCHING REQUIREMENTS The following summarizes important Fund In order to create new sources of private policies,procedures and evaluation guide- iiiiiiiiiii investment and to leverage the Fund's lines. in resources, the Fund will strive for cash equi- ty matches. This means that the Fund, in im WIG IBLE BUSINESSES iiiiim most cases,will provide only a portion of the Eligible businesses include: rlil!ii!iii total equity needed. The matching funds ili • Small,technology-relatedmust be tied directly to the same use of manufacturers or operations iiiM funds as the Anoka County Capital Fund. • Manufacturing-related companies or :i*]:i:i:i: n ,...... operations MINIMUM/MAXIMUM INVESTMENT C lilililig The typical investment by the Fund will A company need not be "high-tech," but it must have or be developing a new '' range from$25,000 to $100,000. For needs orprocess which will give it a above$100,000 the Fund has the ability to product partner with other funds. competitive position in the marketplace. ill INELIGIBLE BUSINESSES WHAT IF YOU ARE TURNED DOWN? n The Anoka County Capital Fund will be Ineligible businesses include retail,tradi- unable to invest in every opportunity, but tional service businesses (such as restau- Milii when a project is turned down, every effort M..� rants), commercial real estate developments. will be made to outline the reasons why and r..� ANOKA COUNTY In make appropriate referrals to other sources of assistance. 0 RESIDENCY REQUIREMENTS One hundred percent of the investments iliPORTFOLIO FOCUS OH be made in companies or operations that INDUSTRY are located in or will be moving to Anoka241 County. One of the Fund's major objectives is to ga develop a balanced portfolio of successful V FUND USEScompanies. Consequently,Anoka County Appropriate uses of the fund include: Capital Fund investments will span a range howev- • Working capital associated with product '• of eligible industries. The Fund will development er seek opportunities m industries where • Commercialization Anoka County has a demonstrated economic • Marketing base from which to build. These industries • Inventory hill include medical products,precision tooling, el • Accounts receivable and food processing to name a few. In addi- • Facility expansion tion,the Fund will actively explore business- • Equipment es which are major suppliers to its larger cor- • International joint ventures porations. • Other uses deemed appropriate by Fund Management and the AN 0 KA Investment and Technical Advisory Committees C 0 UNTY I :::....•.:!:::::::::,,,„„,,::::,:.....I CAPITAL Page ....... ....... FUND ....... ...... „....;.:.::.....i....:..„.. ....... 2