Laserfiche WebLink
ITEM # 7. <br /> • <br /> City of <br /> Elk <br /> River <br /> MEMORANDUM <br /> Economic Development Authority <br /> p <br /> FROM: Heidi Steinmetz, Assistant Director of Economic Development <br /> DATE: February 9, 2004 <br /> SUBJECT: Business Incubator Update <br /> Attachments <br /> • Incubator Status Report, Harlan Jacobs,July 10, 2003 <br /> • "Bixby Energy Scouting Larger Space", The Business Journal, October 10, 2003 <br /> • Bixby Energy Systems Newsletter, The Bixby Blaze,January 2004 <br /> • • "Going to Great Lengths for Financing",NetSuds Monthly Report(virtual newsletter), <br /> January 1, 2004 <br /> • LapTwo Technology Web Site <br /> Issue <br /> Incubator consultant Harlan Jacobs will attend the EDA meeting to present his semi-annual <br /> Incubator Prospect Report. Mr.Jacob's July 2003 report is attached for your review. <br /> Bixby Energy Systems Update <br /> It was reported in The Business Journal last October that Bixby Energy was looking for <br /> space to expand. Bixby is currently leasing space in Rogers. <br /> Per staff's recent discussion with the company's broker,Bixby will soon be signing <br /> documents to lease the former Gen-X Sports Facility, a 208,000 square foot building in <br /> Anoka. It was also reported in Bixby's January newsletter that Bixby is considering building <br /> a plant in Southern Minnesota. <br /> Venture Capital Article <br /> The attached article, "Going to Great Lengths for Financing",reflects the recent lack of <br /> venture capital opportunities in Minnesota. Harlan Jacobs contributed to the article and <br /> Cymbet Corporation is mentioned. <br /> • <br /> S:\Eda\BUSNSINC\EDA Updates\2004\2-9-04.doc <br />