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City of Elk River Business Subsidy Policy <br />Amended April 2015 <br />Page 3 of 8 <br />Table of Contents <br /> <br /> <br /> <br />I. Purpose 3 <br /> <br />II. Definition of “Business Subsidy” 3 <br /> <br />III. Public Purpose Objectives of Business Subsidies 5 <br /> <br />IV. General Policies for the Use of Business Subsidies 5 <br /> <br />V. Guidelines for Commercial/Industrial <br />Business Subsidies 6 <br /> <br />VI. Subsidy Application Process and Procedure 7 <br /> <br />VII. Subsidy Agreement and Reporting Requirements 7 <br /> <br /> <br />