8.0. EDSR 12-13-1994 - Laserfiche WebLink

Home Browse Search

lik . Sherburne County Economic Development Council411111 DEC=. 8 1993 it411 op 13880 Highway t0 P.O. Box 311 Elk River, MN 55330 November 28, 1993 Bill Rubin Economic Development Coordinator City of Elk River • P. 0. Box 490 Elk River, MN 55330 Dear Bill : Thank you for your letter of November 22, 1993 , about the status of a local Certified Development Company. (CDC) . As you well know, this issue las become very confusing and somewhat frustrating for everyone involved, „Much, time and energy has been spent on the-project.. _...y... -. • Although we had been told that the resolutions of support from the county, community FDA' s, and b.isiness., groups are vital to SBA approval for territory expansion, I have now been told by a board member from Coon Rapids Development Company that these documents are not necessary. They evidently intend to market in Sherburne County, and I understand that Twin Cities Metro has also been marketing in parts of Wright and Sherburne County. Since the Council represents the county at-large, our desire was to secure convenient service for all businesses in the county. With Coon Rapids Dev. Company, Twin Cities Metro and MEFI marketing their sevices to business, it seems we have what we wanted. The services of a CDC are available to all businesses, and a business can choose the provider that best fits its needs. Mark Lautenschlager of the SBA stated that if a business prefers a specific CDC to work with them, SBA will likely acknowledge that CDC in spite of specific"territory assignments. It has 'been done in the past: We evidently need do nothing further. It is good that "turf" is not restricting business development, and that. business can he assisted with expansion plans 'by a CDC of its choice . 1 am hopeful this is evidence that state and federal • government are doing away with some of that "hassle factor" that we heard so much about in the BR & E interviews!