Laserfiche WebLink
• DEMOGRAPHIC STATISTICS <br /> City staff updated a number of demographic statistics that were presented in the form of a <br /> booklet. The demographic information contains topics such as population estimates, <br /> housing estimates, residential construction value, commercial and industrial construction <br /> value, retail sales, and an estimate of effective buying income (disposable income). <br /> NOVELTY MARKETING PROJECT <br /> Another novelty marketing item was developed during 1993. The marketing item <br /> consisted of a plastic "thumb puz7le" that pictured the Elk logo in the middle of the <br /> puzzle. The puzzle was affixed to a placard that asked the question, "Puzzled about <br /> expansion opportunities?". <br /> The novelty puz7le was mailed to approximately 500 companies - half of which were <br /> small manufacturers; the other one-half were persons involved in real estate development. <br /> ADVERTISING <br /> Marketing and advertising activities continued during 1993. Newly revised display ads <br /> were placed in the Minnesota Real Estate Journal, Business Media, and Minnesota <br /> • Ventures magazine. <br /> STAR CITY RECERTIFICATION <br /> The City of Elk River was once again recertified by the Department of Trade and <br /> Economic Development(DTED)under its Star City program. The 1993 recertification <br /> consisted of an on-site visit from DTED. Assisting city staff with this presentation was <br /> Richard Hinkle (Chair, Elk River HRA), Jackie Schuelein(Executive Vice President- <br /> Area Chamber of Commerce), and Paul Ammerman(member- EDA Marketing <br /> Committee). <br /> BUSINESS PARK TASK FORCE <br /> In May,the EDA established a Business Park Task Force comprised of members of the <br /> EDA, City Council, EDA R&D Committee, and Area Chamber of Commerce. Patrick <br /> Dwyer, EDA Vice President, agreed to Chair the Task Force. This group met throughout <br /> the balance of the year and examined the existing inventory of industrial sites, potential <br /> sites for future parks, development options, financing alternatives, and funding sources. <br /> The Task Force found that the private sector is generally unwilling to develop large tracts <br /> of property for industrial parks. As a result,the EDA may likely acquire, improve, and <br /> sell industrial sites in the to new or expanding companies. To assist with this endeavor, a <br /> presentation was made to the City Council on October 11, 1993. The City Council <br />