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Economic Development Authority (EDA) <br />Meeting Date: 08/13/2015 <br />Submitted For: Patrick Brama, Administrative Services <br />By: Patrick Brama, Administrative Services <br />4. 1. <br />Title: <br />Dedicated Networks: Consider Resolution in Support of Minnesota Job Creation Fund Application For a Proposed <br />Facility Expansion at 14000 Unity St NW <br />Purpose/Background: <br />PURPOSE: <br />Consider Resolution in support of Dedicated Networks to apply for Job Creation Fund dollars through the State of <br />Minnesota. <br />BACKGROUND <br />Dedicated Networks, Company <br />Dedicated Networks, Inc. is a quickly growing family owned corporation that sells new and used networking and <br />computer products, with a specialization in Cisco and Juniper equipment. Please see attached Job Creation Fund <br />(JCF) application, or the following link, for additional background information: <br />http://www.dedicatednetworksinc.com/about-us/. <br />Dedicated Networks, Facility <br />Dedicated Networks is currently located on a 3.51 acre parcel at 14000 Unity Street NW in Ramsey. They would <br />like to expand their existing 25,000 square foot building by 20,000 square feet (total 45,000 square feet). Please see <br />attached JCF application additional background information. <br />Minnesota Job Creation Fund (JCF) <br />The State of Minnesota, Department of Employment and Economic Development, has indicated this proposed <br />project would qualify for JCF dollars. JCF awards are provided based on two performance measurements: (1) job <br />creation and (2) capital investment. The first step in this process is to apply --attached is an application (purpose of <br />this case). It should be noted, private businesses cannot directly apply for DEED incentives. DEED requires a local <br />municipality to apply on behalf of the benefiting business. For more information on the State JCF program, please <br />visit this link: http://mn.gov/deed/business/financing-business/deed-programs/job-creation-fund.jsp. <br />Notification: <br />Notification is not required at this time. <br />Observations/Alternatives: <br />The proposed Dedicated Networks expansion has the following benefits for the City of Ramsey to consider: <br />- -business retention <br />- -nearly double size of facility that currently pays about $20,000 in total property taxes <br />- -retain 62 full time equivalent jobs <br />- -create 30 new jobs by December 2017 <br />Preliminary Development Review <br />Prior to the current financial request, Dedicated Networks, through its contractor, has been working with City Staff <br />on development review. The site is located within the E-1 Employment District which is intended to accommodate <br />general industrial activities. Based on the information submitted thus far, it appears that the proposed expansion <br />