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• Local Economy—Elk River Municipal Utilities help drive the engine for economic <br /> development by keeping consumers' dollars in the community, helping to creating jobs <br /> and employing our friends and neighbors. This is a significant impact in that Elk River is <br /> closely located to the Twin Cities market and keeping jobs and funds local are important. <br /> Another financial investment is this local high school scholarship opportunity. By offering <br /> the Tom Bovitz Memorial Scholarship in conjunction with Minnesota Municipal Utilities <br /> Association, this allows students local funding opportunities that they might not otherwise <br /> be afforded. <br /> • Competition—Municipal utilities help keep prices in alignment in that they have the <br /> public's best interest in mind and are competitor of private utility providers. <br /> • Affordability— Because municipal utilities are not-for-profit, the cost of services are <br /> lower in that they are not trying to meet business profit objectives or dividend goals. With <br /> that, customers have more funds available to spend on goods and services locally and <br /> the state as a whole. <br /> • Reliability— Because our utilities are local, we have a faster response time in cases of <br /> natural disasters or emergencies versus in other communities were utilities are grouped <br /> by counties or districts. <br /> • Service-The staff at Elk River Municipal Utilities are helpful and friendly. By offering <br /> local services, customers are connected to a local community member who can answer <br /> their questions. Since the utility company is a not-for-profit organization, its purpose is to <br /> serve the community at large. <br /> • Energy Efficiency -Through the use of rebates, conservation and education, municipal <br /> utilities offers incentives that make these opportunities affordable and achievable for both <br /> residential and commercial customers to diminish use and cut costs. <br /> 8 <br />