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tt of lk Request for Action <br /> River <br /> To Item Number <br /> Economic Development Authority 6.3 <br /> Agenda Section Meeting Date Prepared by <br /> General Business May 16,2016 Colleen Eddy, Economic Development Specialist <br /> Item Description Reviewed by <br /> IEDC Award Submission Amanda Othoudt,EDD <br /> Reviewed by <br /> Cal Portner, City Administrator <br /> Action Requested <br /> Item presented for information. <br /> Background/Discussion <br /> Each year,the International Economic Development Council (IEDC) solicits entries for their Excellence <br /> in Economic Development Awards.This year, the City of Elk River is submitting an application under <br /> the Public-Private Partnership category and which highlights the latest expansion of Sportech Inc. <br /> The IEDC is a non-profit, non-partisan membership organization serving economic developers. With <br /> more than 4,500 members, IEDC is the largest organization of its kind. <br /> The Public-Private Partnership award recognizes outstanding and innovative development projects that <br /> have significantly enhanced the economic revitalizations of distressed communities, states, or regions. <br /> The extent of which public and private sector participants have formed a true partnership or joint venture <br /> in planning, developing and financing the project. <br /> The Sportech Inc. project incorporated public financing at the local, county, state as well as workforce <br /> training grants as part of their expansion project. It was also a driving force behind additional <br /> development projects in the area. <br /> The IEDC will announce the award winners at the 2016 IEDC Annual Conference in Cleveland, Ohio on <br /> September 25-28, 2016. <br /> Financial Impact <br /> The entry fee is $110 which could be funded from the Advertising/Marketing budget. <br /> Attachments <br /> • Award Entry Form <br /> t® NEREI Ill <br /> NATURE <br />