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Request for Action <br /> <br /> <br />To Item Number <br />Economic Development Authority 6.6 <br />Agenda Section Meeting Date Prepared by <br />General Business August 20, 2018 Amanda Othoudt, EDD <br />Item Description Reviewed by <br />Directors Report Cal Portner, City Administrator <br />Reviewed by <br /> <br /> <br />Action Requested <br />Information presented for discussion to keep the EDA updated on development activity. <br /> <br />Background/Discussion <br />BUSINESS VISITS <br />Twelve BR&E visits have been conducted. Two more visits are scheduled. Please RSVP if you are able to <br />attend. <br /> <br />MISCELLANEOUS <br />Inquiries <br />Staff continues to receive inquiries seeking existing industrial space and new industrial development. We <br />are working on three leads, one generated from the Economix event. <br /> <br />Chamber’s Annual Golf Tournament <br />Amanda attended the Chamber’s Annual Golf event and the EDA sponsored hole 12. She was able to <br />connect with many area businesses and chamber members. <br /> <br />2018 Business Investment Summit <br />Colleen attended the 2018 Business Investment Summit hosted by Greater MSP. The summit was an <br />opportunity to learn about the process of a deal and brought together nationally-leading site selection <br />consultants, local commercial brokers, economic developers and dealmakers. The keynote speaker was <br />Richard Florida, who spoke on the Amazon HQ2 Effect and the multi-faceted implications and <br />unprecedented site selection process. Another breakout was on understanding the deal process and <br />working through barriers together. <br /> <br />Revolving Loan Fund Balance Reports <br />At the request of members, a copy of the Revolving Loan Fund report is attached. <br /> <br />Financial Impact <br />N/A <br /> <br />Attachments <br /> Revolving Loan Fund Report <br /> <br />The Elk River Vision <br />A welcoming community with revolutionary and spirited resourcefulness, exceptional <br />service, and community engagement that encourages and inspires prosperity <br />