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Agenda - Economic Development Authority - 03/10/2003
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Agenda - Economic Development Authority - 03/10/2003
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Meetings
Meeting Document Type
Agenda
Meeting Type
Economic Development Authority
Document Date
03/10/2003
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CASE # <br /> <br />TWIN CITIES BUSINESS MONTHLY PROMOTIONAL OPPORTUNITIY <br /> By: Megan Wald, Associate Planner <br /> <br />Background: <br /> <br />The Twin Cities Business Monthly magazine has approximately 33,000 top executive level <br />business decision-makers who subscribe to their magazine. The business magazine offers an <br />opportunity to insert a custom, publication into one of their monthly issues. Staff and the City <br />Council are interested in working with the Twin Cities Business Monthly magazine to create a <br />great promotional/marketing piece for the City of Ramsey to be inserted in the August issue. <br /> <br />Observations: <br /> <br />The business magazine personnel will provide editorial, photography/art, design, production, <br />printing, bindery, and insert 35,000 copies into'the August issue. The' marketing/promotional <br />piece will consist of 16 pages with full color and will provide for both advertising opportunities <br />and a professionally written story about Ramsey. The story about Ramsey will highlight what <br />amenities, commercial development, industrial development,, residential development, Parks, etc. <br />the City currently offers to residents and businesses. The promotional piece will also include <br />information about the Town Center, as the Town Center will offer residents and businesses 'a <br />variety of addition~l opportunities. <br /> <br />The cost associated with producing the publication is $30,000, which includes the services <br />mentioned above and an additional 5,000 copies of the promotional piece will be provided to the <br />City of Ramsey to use however the City desires. <br /> <br />The Way several Cities have handled paying-for the $30,000 fee is to ask local businesses and <br />developers to sponsor Ramsey's promotional piece. Staff will be working on drafting a letter to <br />local businesses and developers requesting their support and money contribution the week of <br />March 10, 2003. Staff has not finalized the number of desired sponsors or formulated a list of <br />businesses and developer's to approach to be a sponsor. Staff will be working with the Twin <br />Cities Business Monthly staff to. determine what 'strategy and .approach typically works the best <br />to ensure a good balance of sponsors is reflected in the promotional piece. <br /> <br />Staff had a conversation with John Feges, of Town Center LLC, regarding the promotional piece <br />and he has committed to be a sponsor and is excited to assist City staff in securing other Town <br />Center developers or businesses to be a sponsor. <br /> <br />Enclosed is a copy of the business proposal submitted by the. Twin Cities Business Monthly <br />magazine. The proposal outlines a timeline of when Sponsors need to be secured, editorial outline <br />approved, final page revisions' and proofing completed,i and when the promotional piece needs to <br />be sent to the printer. <br /> <br />Recommendation: <br /> <br />The management team has had a preliminary meeting regarding what story or concept the City of <br />Ramsey should tell in the promotional piece. A few ideas were "Positioned to achieve a Perfect <br />Balance, .... Ramsey Developing Smart," and "Rural and Urban Opportunities." There are very <br />preliminary concept and theme ideas. A professional writer from the business magazine will <br />meet with staff to refine and accentuate the City of Ramsey's story. <br /> <br /> <br />
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