8.1. EDSR 04-12-2010 - Laserfiche WebLink

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ITEM ~ 8.1. T cty or Elk R TO: ~. ~~.- wer MEMORANDUM FROM: DATE: SUBJECT: Economic Development Authority Annie Deckert, Economic Development Assistant 12 April 2009 Business Retention & Expansion Program Update Background Since the formation of the EDA, Business Retention & Expansion (BRE) visits have been held with Elk River manufacturers. In the past, staff has recorded such visits, which range in style from conducting formal surveys to informal lunch meetings. Most recently, EDA Commissioners joined staff in conducting informal lunch or breakfast meetings followed by facility tours. It is appaxent that manufacturers appreciate the extra attention from EDA Commissioners. In return, the EDA has always commented to staff its sincere interest in attending these visits. Staff has found the informal approach to be beneficial and imperative to building relationships with the business owners. In March of last year, the EDA decided to continue BRE visits because they are informative and interesting for local businesses, staff and EDA commissioners. Update Since March, all 43 Elk River manufacturers have been contacted to set up a BRE visit. During the visits we discussed various topics: current business conditions, various financial tools and resources, the Northstar Commuter train, energy rebates, Enterprise MN, YMCA and housing/foreclosure information available for their employees. The following visits have been completed: Company Date of Visit Attendees Alliance Machine 11-16-09 Matt, Annie, Debbi Rydberg Classic Acrylics 7-15-09 Matt, Paul, Cathy, Annie Custom Cutter Grinding 5-2009 Pat, Tom McNair Cymbet 3-22-10 Ron, Cathy E & O Tool 4-3-09 Mayor Klinzing, Cathy Metal Craft 5-8-09 Matt, Cathy, Annie New Plastics Plus 12-16-09 Paul, Annie, Debbi Rydberg Orluck Industries 5-20-08 Mayor Klinzing, Annie, Debbi Rydberg Solors Optional Axis 10-5-09 Mayor Klinzing, Paul, Cathy