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ITEM 6. <br /> ELK RIVER ECONOMIC DEVELOPMENT AUTHORITY <br /> • <br /> MEMORANDUM <br /> TO: Economic Development Authority <br /> < ,j .ROM: Paul T. Steinman, Director of Economic <br /> Development <br /> DATE: November 5, 1996 <br /> SUBJECT: Business Incubator Program <br /> I. PURPOSE OF MEMO <br /> The purpose of this memo is to outline issues for discussion regarding <br /> the business incubator program. <br /> ik II. OVERVIEW <br /> At its last meeting, the EDA directed staff to outline a discussion at its <br /> next meeting of the specific financial and other impacts of the business <br /> incubator program currently being discussed. With this is mind, staff <br /> has undertaken an effort to outline financial projections and research <br /> alternative funding sources for this project. <br /> Staff has also had additional discussions with a property owner who <br /> continues to be interested in working with the EDA on this program. <br /> Harlan Jacobs, Genesis Business Centers, Inc., will be available at this <br /> meeting to address questions and provide input on this project. <br /> III. PRIMARY ISSUES TO CONSIDER <br /> The EDA has the following primary issues to consider with regard to <br /> this discussion: <br /> 0 What are the general parameters of the business incubator <br /> program currently being discussed? <br /> 4) The general parameters of this program currently are as follows: <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 />