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03/10/11
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Members discussed the Revolving Loan Fund (RLF) and Business Subsidy guidelines as they relate <br />to restaurant subsidies. In the past the EDA has primarily worked with the manufacturing sector, <br />however, not all business subsidies have to be based on the number of new employees making a <br />livable wage; there is also the desire to bring a new business service to the community, and <br />secondary benefits, such as the traffic generated by the project. <br />Economic Development/Marketing Manager Backman will email members the RLF and Business <br />Subsidy guidelines for their review prior to the April EDA meeting. <br />Motion by Member LeToumeau, seconded by Member Williams to approve the 2011 EDA Work <br />Plan. <br />Motion carried. Voting Yes: Chairperson Riley, Members LeTourneau, Williams, Skaff, McGlone, <br />and Wise. Voting No: None. Absent: Member Steffen. <br />Case #2: STATUS OF FALLS CAFE/WELLS CATERING <br />Economic Development/Marketing Manager Backman presented the Staff Report that discussed the <br />approval by the Ramsey City Council. <br />Wells Catering hopes to have the Falls Cafe opened by the end of June. <br />CASE #3 MINNEAPOLIS MANUFACTURING COMPANY DEVELOPMENTS <br />Economic Development/Marketing Manager Backman presented the Staff Report. <br />Economic Development/Marketing Manager Backman stated meetings have been positive with <br />senior management, the development team, and staff. This project could potentially replenish the <br />Public Works Enterprise Fund, which would be accomplished with land sale proceeds and Tax <br />Increment Financing (TIF). <br />Economic Development/Marketing Manager Backman will be making a presentation regarding the <br />project to Connexus Energy staff. <br />CASE #4 STAFF UPDATE <br />Economic Development/Marketing Manager Backman presented an update on the Business Expo, <br />EDA partnership with Anoka Area Chamber for the Anoka Area Chamber Map, his meeting with <br />Representative Gunther as an EDAM representative and shared the example of Hutchinson <br />Technology as why cities might want to consider diversification among retail, manufacturing and <br />services. <br />Deputy City Administrator /Community Development Director Nelson presented an update on the <br />COR. <br />Discussion ensued regarding access management on the county roads. <br />Economic Development Authority/March 10, 2011 <br />Page 2 of 3 <br />
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