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incentives of approximately $3M resulted in roughly $34.2M of private capital investment in the City of <br />Elk River. <br />MN Marketing Partners 4" Quarter Report <br />Staff attended the 4" Quarter MN Marketing Partnership meeting. The marketing partnership provided a <br />synopsis of the overall economy, workforce, the status of the state incentive programs and current <br />projects in the pipeline. The partnership also highlighted marketing initiatives, completed trade shows <br />and events. Staff was able to attend a number of the tradeshows in partnership with DEED and <br />Sherburne County this past year. The attached presentation highlights the city's involvement in some of <br />the more recent trade shows. <br />Comprehensive Economic Development Strategy (CEDS) <br />Sherburne County has partnered with Central Minnesota Jobs and Training, the Federal EDA, Xcel <br />Energy and the Initiative Foundation to create a Comprehensive Economic Development Strategy <br />(CEDS) for the 7W District. The partnership also includes Benton, Stearns and Wright Counties and will <br />greatly increase our chances of receiving future Federal EDA project dollars. A CEDS is designed to <br />bring together the public and private sectors in the creation of an economic roadmap to diversify and <br />strengthen regional economies and includes four cornerstones under which community conversations <br />will occur. They are: <br />Human Capital <br />Economic Competitiveness <br />Community Resources <br />Foundational Assets <br />You are invited to attend a community conversation to discuss the first issue, Human Capital on Monday <br />January 9th from 1:30 p.m. to 3 p.m. at the Sherburne County History Center in Becker. <br />The conversation will focus on the local labor force, educational attainment and workforce development. <br />The meeting will facilitated by Central Minnesota Jobs and Training's new Economic Development <br />Coordinator, Jennifer Russell. The findings and goals from our conversation will then be included in our <br />regional CEDS plan. Projects that are included as part of the CEDS document have historically had <br />much greater odds of receiving implementation funding through the Federal EDA. <br />Financial Impact <br />None <br />Attachments <br />■ Revolving Loan Fund Balance Report, December 14, 2016 <br />■ Project Tracking Report, December 14, 2016 <br />■ MN Marketing Partners 4th Quarter Meeting Presentation <br />