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Small Business of the Year: Attics to Basements Building & Renovations <br />New Business of the Year: AEGIR Brewing, Co. <br />Employer of the Year: The Bank of Elk River <br />Young Professional of the Year: Conner Mickelson <br /> <br />Connect the Dots Event <br />CM Ovall, Debbi Rydberg, Dan Weber and I attending the Connect the Dots event at Bunker Hills again <br />this year. This is a fundraiser for the Anoka Technical College Foundation. The EDA supports this <br />organization each year by providing a scholarship to students in need of financial support. <br /> <br />Sherburne County Partnership Meeting <br />Amanda attended the Sherburne County Partnership meeting this week. The topic of discussion was <br />what “5G” Technology means and how we as communities can get ready for implementation. 5G <br />technology is considered the “next generation” of wireless communications. It is expected to <br />provide internet connections that are least 40 times faster than 4G LTE. 5G technology uses a variety of <br />spectrum bands, including millimeter wave and radio spectrum, which can carry very large amounts of <br />data a short distance. Tom Herr and Phil Leaf from Parallel Technologies presented information on how <br />this technology will be first implemented in metro cities, and then deployed to cities in greater metro <br />following major corridors. Small cell devices are typically affixed to light poles, buildings, stop signs and <br />other poles roughly a block apart from each other. The radio waves don’t penetrate energy efficient glass, <br />or buildings very well, so devices may also have to be deployed inside buildings to receive the enhanced <br />network speeds. <br /> <br />MN Marketing Partnership Meeting with DEED <br />st <br />Staff attended the MN Marketing Partnership 1 Trimester meeting. The meeting included a presentation <br />and updates from Kevin McKinnon, the DEED Deputy Commissioner on the legislative session and the <br />impact it has on the funding for various DEED initiatives. The Executive Director of Business <br />Development led a presentation on upcoming events, trade shows, and marketing initiatives. The <br />partnership is looking at increasing dues by $50 starting 2020. <br /> <br />Revolving Loan Fund Balance Reports <br />At the request of Commission, a copy of the Revolving Loan Fund report is attached. <br /> <br />Patriot Converting Microloan Payoff <br />Patriot Converting received a Jobs Incentive Microloan in the amount of $200,000 on January 19, 2016, <br />and paid the balance on May 2, 2019. <br /> <br />Financial Impact <br />N/A <br /> <br />Attachments <br /> Revolving Loan Fund Report <br /> Central MN Arts Board 2019 Funding Awards <br />