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ELK RIVER ECONOMIC DEVELOPMENT AUTHORITY <br /> Item 9. <br /> MEMORANDUM <br /> TO: Economic Development Authority <br /> P-'ROM: Paul T. Steinman, Director of Economic <br /> Development <br /> DATE: August 8, 1996 <br /> SUBJECT: Updates <br /> E&O Tool, Gagne Option Agreement <br /> Attached to this memo is a short update from E&O Tool regarding the delay <br /> • of their proposed project. <br /> Staff is continuing to work with the individual who was interested in <br /> purchasing the E&O Tool building to accommodate them in the Business <br /> Park area. <br /> Business Incubator <br /> Staff participated in a tour of the Columbia Heights business incubator with <br /> Harlan Jacobs, Roger Jenson, and Senator Rod Grams on Monday,August 5, <br /> 1996. Senator Grams' staff indicated interest in inviting the Senator to <br /> attend a similar event in Elk River at the time we have accomplished <br /> establishment of our business incubator. <br /> Staff has reopened discussions with the county regarding use of the former <br /> administration building as a business incubator. <br /> s:eda\updt812.doc <br /> • <br /> 13065 Orono Parkway • P. O. Box 490 • Elk River, MN 55330-1743 • (612) 441-7420 • Fax (612) 441-7425 <br /> Equal Opportunity Housing and Equal Opportunity Employment <br />