HRSR INFORMATION 12-12-2011 - Laserfiche WebLink

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INFORMATION MEMORANDUM TO: FROM: DATE: SUBJECT: Housing Redevelopment Authority Annie Deckert, Director of Economic Development December 12, 201 I Executive Director Update The purpose of this periodic memorandum is to keep the EDA and HRA informed of various ongoing activities that often go on behind the scenes in the Economic Development Division. EDA and HRA Commissioners should feel free to bring up any questions ox issues for discussion under the "Other Business" section of the Agenda. EDA Micro Loans Staff continues to monitor the following micro loans: Ethanol Technologies of MN and Nicole's Salon. In addition, staff has met with and provided Micro Loan information to several prospective businesses. An Energy Efficiency Rehabilitation Program was approved by the EDA earlier this year to provide additional incentives for existing businesses as well as new businesses. Restaurant Recruitment An update was provided to the EDA and HRA in September outlining efforts. Staff has initiated new recruitment activities in addition to the efforts outlined in the September memo. Staff heavily promoted our SAC/WAC payment program for full service restaurants at the 2011 Minnesota Commercial Association of Realtors (MNCAR). In addition, staff will be promoting this program through the distribution of the economic development holiday card. Staff has met with several developers to communicate our incentives, and discuss properties within Elk River feasible for restaurants. Staff is working with the broker of the old Hardees facility to fill the vacant building. Marketing material Staff is working to update and redesign our marketing materials to implement our brand. ~ ®~ E II E I i t N:ADepa~[mrn[~;ACommunity Derulopmen[AH<onomic DevclopmenLAI^tA [v moveAAgendv\Yoar20llVV.~ecudve ~~~~ Dircchx ttpoa 12-1~1 Ldoc