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ITEM # 4. <br /> COPY Initiative!? <br /> FOUNDATION <br /> Brian Beeman June 28, 2013 <br /> Elk River Economic Development Authority <br /> 13065 Orono Pkwy <br /> Elk River MN 55330-5600 <br /> Dear Mr. Beeman and members of the Elk River EDA, <br /> Your partnership and support is beyond important to us. It's essential. As you know,the Initiative <br /> Foundation directs all of its resources to stimulate business growth, quality jobs, and a climate for <br /> economic success in Central Minnesota. We see many positive signs in the regional economy, and we <br /> believe that 2014 will be a prime year for business start-up, expansion and hiring. <br /> In pursuit of those goals, we are maintaining a laser-sharp focus in our community investments: <br /> • Proactive efforts that engage leaders to solve problems and capitalize on opportunities <br /> • Smart programs that help nonprofits achieve financial stability and greater effectiveness <br /> • Well-timed loans that help companies expand operations and add living-wage jobs <br /> • Targeted grants that support quality of life amenities and workforce development <br /> Next year, we will invest more than $3.5 million in local efforts that benefit hometowns across the <br /> region. The Elk River Economic Development Authority has been a Foundation investor since 1989, and <br /> we are again asking for your continued support. <br /> We respectfully request a renewal of your annual contribution by allocating $2,500.00 to <br /> the Initiative Foundation in your 2014 budget. <br /> As you know, the Initiative Foundation is a sound financial investment with a measurable ROI. For every <br /> local dollar contributed,the Foundation has returned $5.44 back to Sherburne County in grants, <br /> business loans and scholarships. See the enclosed fact sheet for examples of local impact. <br /> After your budget is finalized, could you please return the tear-off card below in the enclosed envelope? <br /> Again, thank you for your continued support of our work in the city of Elk River and throughout Central <br /> Minnesota. Please contact us anytime with questions or to request a staff presentation. <br /> Sincerely, <br /> .4r4 od....4017c/ /7/4eICAZdetp:—, <br /> Kathy Gaalswyk Matt Kilian <br /> President Vice President for External Relations <br /> .4 <br /> .„ <br /> 1111 <br /> 1140 <br /> ifound.org _ = <br /> 320.632.9255 <br /> 405 First Street SE <br /> Little Falls,MN 56345 <br /> Equal Opportunity Lender, <br /> Provider,and Employer <br />