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ITEM 1 5.1. <br /> • <br /> City of <br /> Elk <br /> River <br /> MEMORANDUM <br /> TO: Economic Development Authority 0-\ .FROM: Heidi Hall, Economic Development Assistant <br /> DATE: May 12, 2003 <br /> SUBJECT: Consider Authorizing a Matching Commitment for Proposed <br /> Partnership with MN Technology, Inc. <br /> Attachments <br /> • MN Technology List of Services <br /> • MN Technology Services Cost Sheet Examples <br /> • Program Draft Criteria&Application <br /> • • Grant Application Sheet and Proposal Narrative <br /> Issue <br /> In February, staff presented the EDA with a concept for a pilot partnership program with <br /> MN Technology, Inc. (MTI) designed to recruit and retain strong manufacturing companies <br /> within the City of Elk River by providing them with technical training services. <br /> The program will be marketed to prospective and existing Elk River manufacturers (see <br /> attached draft program criteria and application). Since manufacturers have different needs, <br /> the type(s) of technical training services provided to them by MTI will vary. MTI's services <br /> range in price from $150-$2,000. Please see the attached MTI list of services and cost sheet <br /> examples. <br /> The EDA authorized staff to submit an application to the Initiative Foundation for a <br /> matching grant request of up to $5,000 for the program. A Grant Inquiry Form (preliminary <br /> grant application) for the program has been approved by the Initiative Foundation. <br /> Staff will submit the formal grant request upon EDA approval of the attached grant <br /> application and proposal narrative. Staff anticipates a response on the grant award prior to <br /> the June EDA meeting. <br /> • <br />