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NEWS i COON RAPIDS DEVELOPMENT COMPANY ..,.,,, .... PARTNERS IN PROGRESS "A Nonprofit SBA Certified Development Company" Vol. 3, Issue 3 Fall 1987 Honeywell Moves Division to Coon Rapids Honeywell's Air Transport Systems Division will move to Coon Rapids by the end of the year. The commercial avia- tion busi.mss, currently located in St. Louis Park, will pc- cupy the 185,000 square foot facility at 8840 Evergreen Boulevard. Formerly named the Sperry Commercial Flight Systems Division, this group was acquired by Honeywell as part of its acquisition of the Sperry Aerospace Group from Unisys in December 1986. The move to Coon Rapids also allows Honeywell's Military Avionics Division, which will remain in St. Louis Park, to expand operations. An estimated 650 employees will be affected by the move to Coon Rapids. A breakdown Of employees includes 400 in administrative and production plus 250 professional engineers. The Minneapolis operation designs and produces inertial reference and navigation systems and fuel management systems for the air transport and business aircraft in- dustries. The Sperry Commercial Flight Systems Group, headquartered in Phoenix, Arizona designs, manufactures and services airborne products and systems for commer- cial markets. Major customers are the manufacturers of commercial airliners and business aircraft, major air car- r,ers and corr, muter airiines, and the corporate owners and operators of fixed and rotary-wing business aircraft. Honeywell is a Minneapolis-based international elec- tronics corporation that supplies automation and control systems for homes and buildings, industry, aerosp, ace. and defense. The c3mpany has 78,030 em,~io/ees worldwide. with 1986 sales of S5.4 bili~on. Coon Rapids Featured In Market Focus Coon Rapids was featured in ;he Jul)' 6, 1987 issue cf the Ivlinnesota Real Estate Journal Market Focus section. The pull-out section inclu::es not only information on avail- able sites, but aiso information on area development, resources, ant.: imi)ortant c~en;ographics on the community. Complimentary copies are ava_liable through the Ci,.%./ o' Coon Rapids and at the CRDC office. Highway 610 and River Bridge Are Open Highway 610 and the new river bridge were officially open for traffic on October 1, providing the City of Coon Rapids with an important link to the metropolitan transpor- tation network. The new four-lane bridge over the Mississippi River connects with Highways 10 and 47 in Coon Rapids on the east side, and Highway 252 in Brooklyn Park on the west side. Dedication ceremonies were held on Saturday, October 10, from 9:00 a.m. to 3:30 p.m. Bridge opening festivities included a bicycle sprint race, a band concert, a walk across the bridge, a community picnic, a performance by 800 dancers from Stage Door of Performing Arts and the official ribbon-tying dedication. The bridge has been in the works for over 20 years. To. day, the City of Coon Rapids is very excited about the im- proved access that the bridge provides the com munit),. Coming Events October 21-23 National Association of Development Companies (NADCO) Region V Con- ference. This conference will deal with different issues regarding the SBA 504 loan program, working with deveicoers, marketing SBA prcgrams and more. Cincinnati, Ohio. Ogtober=/"'~ Anoka Count)' Chamber of Commerce Business Card Exchange. Country Hospitality Suites. No charLee. Reser- vations must be made in advance. November 5 COON RAPIDS DEVELOPMENT COMPANY ANNUAL SHAREHOLDERS' MEETING. This year's shareholders meeting will be ne!d at ~ne Seasons Restaurant. Additional in~orrr, ation v;i:,i mailed out to s;;arehclde~'~ in the future.