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Agenda - Economic Development Authority - 07/09/2015
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Agenda - Economic Development Authority - 07/09/2015
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3/18/2025 12:55:18 PM
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8/19/2015 8:26:02 AM
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Meetings
Meeting Document Type
Agenda
Meeting Type
Economic Development Authority
Document Date
07/09/2015
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SECTION 3 - REQUIRED INFORMATION <br />*Information from the items listed below will be used to evaluate potential awards and rebates for a business <br />requesting JCF designation. Please be thorough in addressing the requested information and clearly identify <br />responses to each item separately by number. <br />PART A— Business Description. Describe the business and its major activities. Please include the following <br />information: <br />1. Business overview and company history and ownership - include organizational structure, parent comapany <br />and any affiliates <br />2. Product or industry outlook for the JCF project <br />3. Total projected sales for the JCF project both inside and outside of Minnesota <br />4. Estimated sales to Minnesota customers that replace purchases from outside Minnesota <br />5. Markets (local, statewide, national, international) along with their respective percentage to total sales and <br />the customers served <br />6. Philanthropic or other ways in which the business contributes or will contribute to Minnesota <br />7. Attach two years of historical financials (Profit & Loss/Balance Sheets/Income Statement/Cash Flow <br />Statement) and financial projections <br />PART B — Project Description. Describe the project for which JCF funds are being requested. Please include <br />the following information: <br />8. Provide details for the project for which JCF funds are being requested. Discuss topics such as square <br />footage increase, lease vs ownership, new construction vs renovation or leasehold improvements, etc. <br />9. Describe how the JCF project will strengthen and/or diversify the local or Minnesota economy <br />10. Describe any local government assistance for the JCF project (e.g., city loan, abatement, TIF, etc,) and <br />comment on dollar amounts and/or general information on any city projects related to this project. <br />11. Attach line -item construction cost estimates for real property improvements for the JCF project <br />12. If available, attach a commitment letter from each financing source (ie Financial Institutions), including a <br />letter of commitment for any business equity <br />PART C — Business Competitors. Identify the competitors of the business within local community (city and <br />county), the adjacent counties, and in the state of Minnesota. Include: <br />13. The name of each major competitor and the location of each competitor by city <br />14. How the products or services are different than the JCF business' <br />15. How the markets are different from the JCF business' <br />PART D — Detailed job & wage information. <br />16. If applicable, provide quarterly payroll reports from the last year for current permanent full-time <br />employees who will be located at the JCF project site <br />17. For new full-time permanent employees, complete the form on Page 5 of this application or attach a <br />listing of jobs that includes the information from the form on Page 5. <br />4 <br />102214 <br />
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