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In 2020, to date,BR&E Visits accounted for three total leads. One project was a win and two are pipeline <br /> projects. MNCAR generated four project leads, two of the four projects are moving forward (CHDC Multi- <br /> Family project and Shoot Steel, Inc.). Two projects lacked feasibility. <br /> Phone calls and BR&E visits continue to generate the most leads,with BR&E visits creating most of the <br /> pipeline projects. MNCAR follows in the total number of leads generated by online property listings. Other <br /> leads are generated by our participation in activities by Greater MSP,MN Marketing Partnership, EDAM, Site <br /> Selector Guild, and Economix. <br /> SHERBURNE COUNTY CARES ACT GRANT TO NON-PROFITS <br /> Sherburne County has created a grant program to provide certain community support organizations funds to <br /> make up for losses related to the COVID-19 pandemic. <br /> A one-time grant of up to $75,000 is available to qualifying Sherburne County non-profits that have been <br /> adversely affected by the COVID-19 pandemic during March-July 2020. It is anticipated a second round of <br /> grants will be solicited later this year for the period of August—December 2020. <br /> To qualify for the reimbursable grant of up to $15,000 per month, organizations must have at least 2 full-time <br /> equivalent employees and demonstrate expenses related to fixed/capital costs, operating costs,personnel costs <br /> or revenue loss. <br /> Eligible non-profits applying for these funds may NOT use County grant funds for eligible expenses covered <br /> by other Local, State or Federal funds. <br /> SHOOT STEEL, INC. <br /> Shoot Steel,Inc is requesting up to $400,000 in financial assistance from the city in the form of Tax Increment <br /> Financing to construct their new facility. Staff is seeking direction from the council on their interest to <br /> entertain a TIF application from Shoot Steel,Inc before the applicant submits their application and the $10,000 <br /> fee. <br /> REVOLVING LOAN FUND BALANCE REPORTS <br /> At the request of the Commission, a copy of the Revolving Loan Fund report is attached.All loans are <br /> showing current. <br /> Financial Impact <br /> N/A <br /> Attachments <br /> ■ Revolving Loan Fund Report <br /> ■ Dashboard Report (to be delivered at the meeting) <br /> ■ Sherburne County Cares Act Grant Program for Non-Profits <br />