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EDA Finance Cormmttee Meeting <br />March 4, 2003 <br />Page 3 of 3 <br /> <br />· Industrial Incentive Program: Continue to target only the West Business Park for <br /> this program in conjunction ~vith the City Strategic Economic Development Plan. <br />· Program Objectives: Add "The project results m new quality job creation/retention <br /> m the City of Elk River" as an objective. <br />· Compliance with the Business Subsidy State Statute: Include "Each company <br /> receiving a loan amount m excess of $75,000 from the lEDA Micro Loan Fund shah <br /> be subject to the provisions and requirements set forth by the City of Elk River <br /> Business Subsidy Policy and Minnesota State Statute 116J.993." as new verbiage m <br /> this section. <br /> <br /> <br />