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Aiw ELK RIVER ECONOMIC DEVELOPMENT AUTHORITY <br /> IIP <br /> Item 10. <br /> MEMORANDUM <br /> TO: Economic Development Authority <br /> FROM: Pat Klaers, Executive 'r for <br /> DATE: April 8, 1996 <br /> )T <br /> SUBJECT: Business Incubator Program <br /> City Consultant Harlan Jacobs, Anoka County Capital Fund President Roger <br /> Jenson, the Mayor, County Administrator Dave Loch, County Economic <br /> Development Coordinator Michael Darger, and I are meeting at 3:30 p.m. on <br /> 4/8/96 to discuss the possibility of the County Administration Building <br /> serving as a business incubator location. Provided the discussions are at all <br /> • productive, Harlan and Roger are scheduled to take a tour of the County <br /> Administration Building prior to the EDA meeting. Undoubtedly, the results <br /> of the afternoon meeting will be a major topic of discussion at the.EDA <br /> meeting for this agenda item. <br /> This item is also on the agenda to follow up on the March 25, 1996, meeting <br /> with Harlan Jacobs. Harlan is under contract with the EDA to help develop <br /> a business incubator program. We hope that Harlan will help us arrange for <br /> a building to serve as the incubator and will be available to offer <br /> management services to the businesses. Besides management services and a <br /> building for the program, a key ingredient is financing for the small <br /> businesses. In this regard, the Anoka County Capital Fund and Roger <br /> Jenson are major players in any program that takes place in Elk River. On <br /> 4/8/96 Roger is anticipated to discuss options, alternatives, and strategies <br /> with the EDA for helping to locate investors and raise money for the Capital <br /> Fund to service the business incubator program. <br /> s:\eda\meetings\businc48.doc <br /> 0 <br /> P.O. Box 490 • 13065 Orono Parkway • Elk River,CMN 55330-1743 • (612) 441-7420 • Fax: (612) 441-7425. <br /> Equal Opportunity Housing and Equal Opportunity Employment <br />