EDSR 03-04-1996 - Laserfiche WebLink

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• SECTION I - ANOKA COUNTY CAPITAL FUND STRATEGY AND PROCESSTo encourage the growth of small compa- 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- Fund is to stimulate in Anoka County the :., ty or other type investments. The emphasis of this Fund will be to make investments in development of entrepreneurial ventures, the 0111 start-up, small and expanding businesses gai retention and expansion of existing businesses that are primarily technology-intensive or and the attraction of new business activitymanufacturing-related. con- The Anoka County Capital Fund has estalr sistent with the character ofAnoka County lished Investment and Technical Advisory Committees comprised of individuals with '< expertise in private investing and business Our goals are to: ii:',',:iii development from across the Twin Cities' Nii Metropolitan Area. The Technical Advisory 1. Draw together Anoka County stake .: Committee advises the Anoka County holders including banks, utility ii.i.t Economic Development Partnership Board companies and other investors in order 111 of Directors (the Fund's Manager) on the to embark on a collaborative effort to 11 applicants product, market potential, and improve the area's economic condition ali management expertise.The Investment and stimulate job creation by iMi Advisory Committee analyze and make rec- strengthening its manufacturing and ' ommendations based on the financial technology-based industries. II aspects of the investment. 0 2. Provide a source of capital for small igei STRATEGIC INTENT businesses including women and minority owned businesses that are leThe strategic intent of the Fund is to: located or will locate in Anoka County. • Provide a market rate of return on 3. Retain existing businesses and their investment appropriate to the risk; planned expansions Create new sources and leverage 4.Generate a cash return to fund existing sources of capital; investors. lin • Monitor operations and provide RN business and technical expertise to businesses; • Cultivate successful ful businesses. e s. >< . This Fund i sn not loanora t r .. o- ! gram. Because the Fund shares the risk, Anoka County Capital Fund liP investments are structured so that the Fund :! will share in the profits that result. In most ipti cases,if the Fund makes an investment, the 11 Fund will participate in ownership of the 11 company. This may involve a range of moni- >` toring activities as a means of protecting the investment including, but not limited to: ii attending all company board of director's gemeetings in an advisory capacity; assisting the company in finding business experts and 1 l other resources; making recommendations designed to help the company succeed.