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The Elk River Vision <br />A welcoming community with revolutionary and spirited resourcefulness, exceptional service, and community <br />engagement that encourages and inspires prosperity <br /> <br /> <br />Request for Action <br /> <br />To <br />Economic Development Authority <br />Item Number <br />9.1 <br /> <br />Meeting Date <br />April 15, 2024 <br />Prepared By <br />Brent O'Neil, Economic Development Director <br /> <br />Item Description <br />Introduction - Acumen Business Solutions <br />Reviewed by: <br />Cal Portner <br /> <br />Action Requested <br />Item presented for information and discussion purposes. <br /> <br />Background/Discussion <br />Staff has been working with Acumen Business Solutions since late 2023 about hotel development <br />opportunities in Elk River. As conversations have progressed staff has invited Acumen to meet with the EDA. <br />While still in early stages, this is an opportunity to meet with Acumen and learn more about the steps <br />Acumen is taking regarding adding hotel capacity in the community. <br /> <br />About Acumen (website): <br />"Acumen Business Solutions is a Minnesota-based Commercial Property Management, Real Estate Brokerage <br />and Business Management Company offering third party property management services to Commercial and <br />Hospitality related properties in the Twin Cities and surrounding community. <br /> <br />In addition to traditional commercial asset management, Acumen Business Solutions also offers hospitality, <br />nightclub, golf club and hotel industry management services. The wide range of proven experience and <br />successes allows Acumen Business Solutions to be a superior all-encompassing, full service commercial <br />property and business management company." <br /> <br /> <br />Financial Impact <br />N/A <br /> <br />Mission/Policy/Goal <br />Attract new business development to Elk River. <br /> <br />Attachments <br />None <br /> <br /> <br />Page 40 of 41