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ELK RIVER ECONOMIC DEVELOPMENT AUTHORITY <br /> TO: ECONOMIC DEVELOPMENT AUTHORITY <br /> FROM: WILLIAM RUBIN, ED COORDINATO <br /> ;NO0, <br /> DATE: OCTOBER 6, 1993 <br /> SUBJECT: PROSPECT STATUS REPORT <br /> The following is a summary of new industrial and commercial <br /> prospects that have expressed an interest in locating in the <br /> City of Elk River since the last. EDA meeting. <br /> NEW PROSPECTS <br /> 1 . J & J Machine - J & J Machine is an Elk River precision <br /> machining and job shop located ,at 16720 Jarvis Street NW. <br /> As a result of continued growth, the company is exploring <br /> available sites for an expansion. The company currently <br /> operates in a building of approximately 10,000 square <br /> feet. A new facility would likely contain 20-25,000 <br /> square feet. J & J currently employs approximately 25 <br /> people. No decision is anticipated until spring of 1994 . <br /> The owner of the company did receive information on <br /> III available sites (sewer and water) in Elk River. <br /> 2 . Folded Carton Business - A start-up business which deals <br /> exclusively in folded cartons inquired about available <br /> existing industrial space. The company seeks <br /> approximately 8,000 square feet and, was put in touch with <br /> Jerry McChesney. <br /> 3. Lee Bros . Company - This is a New Hope based metal <br /> stamping company that seeks one to two acres of property. <br /> The prospect was referred by Mr. Gene Chouinard of Edina <br /> Realty. The company received information on available <br /> sites as well as financing programs . <br /> 4 . Trend Scientific - This is a New Brighton based medical <br /> product company which prepares and distributes agent-based <br /> diagnostic test kits (used to diagnose infections, <br /> bacteria, etc. ) . The company currently leases 15,000 <br /> square feet in a multi-tennant commercial building, but <br /> seeks to construct a 25,000 to 30,000 square foot facility <br /> within two years . The company owner is a resident of <br /> Ramsey and has friends and business associates in Elk <br /> • River. Trend Scientific currently employs 25 to 30 <br /> persons and expects to employ 50 people in two, years . <br /> P.O. Box 490 • 13065 Orono Parkway • Elk River,MN 55330-1743 • (612) 441-7420 • Fax: (612) 441-7425 <br /> Equal Opportunity Housing and Equal Opportunity Employment <br />