3.0. EDSR 03-25-1996 - Laserfiche WebLink

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'k? ITEM 3. ( Irj, of � MEMORANDUM 11R River TO: Economic Development Authority FROM: Pat Klaers, Executive 're or DATE: March 25, 1996 SUBJECT: Business Incubator Program Per direction of the EDA, the Business Incubator Committee met with Harlan Jacobs, president of Genesis Business Centers, Ltd., on Wednesday, March 13, 1996. Attached for your review is a draft copy of the contract with Mr. Jacobs that the Committee approved on behalf of the EDA. At some point during this EDA worksession, this contract and expenditure should be formally approved by the EDA. The funding for this contract should come out of the EDA fund balance reserve as this is a non-budgeted expenditure. The main focus of this worksession is to review the services that Mr. Jacobs will provide the EDA and to begin the discussion on how the city moves • forward in developing a business incubator program. The City Council and County Board met on Tuesday, March 19, 1996. Pat Dwyer and Jeff Gongoll were present for the discussion on the business incubator program. Of all the Commissioners, Commissioner Engstrom was the most supportive of the proposal to use the County Administration building as an incubator site. It appears that if the county is adequately compensated, they would be willing to work on a business incubator project at the administration building site, but this will take commitments from both the county and the city. Mr. Jacobs will be in attendance at this 3/22 meeting to help lead the discussion on the County Administration building and a business incubator program. In my phone conversations with Harlan (through voice mail), he described the 3/25 meeting as a "roll up the sleeves working session". s:\eda\meetings\bsnsinbt.doc • 13065 Orono Parkway • P.O. Box 490 • Elk River, MN 55330 • (612) 441-7420 • Fax: (612) 441-7425