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<br /> <br />Request for Action <br /> <br /> <br />To Item Number <br /> <br />Economic Development Authority 6.1 <br />Agenda Section Meeting Date Prepared by <br /> <br />General BusinessFebruary 17, 2015Jeremy Barnhart, Deputy Director, CODD <br />Item Description Reviewed by <br />Support for Sportech, Job Creation Fund grant <br /> <br />Reviewed by <br /> <br /> <br /> <br /> <br />Action Requested <br /> <br />Approve, by motion, a resolution of support for Sportech’s Job Creation Fund Grant application <br /> <br />Background/Discussion <br /> <br />Envision Company, doing business as Sportech, anticipates the construction of a large manufacturing <br />building in Elk River later this year. As part of their funding, they are seeking Minnesota Job Creation <br />Fund (JCF) dollars. The Job Creation Fund provides financial incentives to new and expanding <br />businesses that meet certain job creation and capital investment goals. <br /> <br />Sportech is a growing leader in the OEM thermoform plastics industry, providing parts, design, and <br />service to leading global recreation vehicle industry, including Kawasaki, Polaris, Honda, and John Deere. <br />Sportech is an asset to Elk River that has continually reinvested in the community, and seeks to continue <br />that relationship. <br /> <br />The application requires support from the City Council, in the form of a resolution. <br /> <br /> <br />Financial Impact <br /> <br />None <br /> <br />Attachments <br /> <br /> <br /> <br />Resolution <br /> <br />Template Updated 4/14 <br />