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ITEM 1 5. <br /> City of <br /> Elk -�-1 <br /> River <br /> MEMORANDUM <br /> TO: Economic Development Authority <br /> FROM: Heidi Hall, Economic Development Assistant 14' <br /> DATE: July 14, 2003 <br /> SUBJECT: Strategic Industrial Marketing Activities Update <br /> Attachments <br /> • "Retail, Industrial Development Planned for Big Lake",The Business Journal, <br /> July 7,2003 <br /> • Business Retention&Expansion 2003-2004 Schedule Report <br /> • I. Product Offering Strategy <br /> The Marketing Committee discussed the industrial land issue at their May 66'and June aid <br /> meetings and will again discuss the issue on July 22nd. Meantime, staff and Sid Inman of <br /> Ehlers &Associates have been meeting with industrial property owners as directed by the <br /> Marketing Committee. The Director of Economic Development has provided a separate <br /> report regarding this issue. <br /> II. Competitive Strategy <br /> Please see the attached article regarding Dynamics Design&Land Company's proposed <br /> development of a new 170-acre site in Big Lake,which will include 400,000 to 500,000 SF of <br /> industrial and retail/office space. <br /> I I I. Key Account/Lead Generation Strategy <br /> Staff continues to work with key account MN Technology on the partnership project <br /> mentioned below under the Public Relations Strategy section. <br /> IV. Promotions &Advertising Strategy <br /> Inquiries <br /> Staff received four new inquiries in June. Information on the type and status of recent <br /> inquiries/prospects is as follows: <br /> • <br />