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Agenda - Economic Development Authority - 03/09/2017
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Agenda - Economic Development Authority - 03/09/2017
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3/17/2025 2:14:17 PM
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3/14/2017 11:00:51 AM
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Meetings
Meeting Document Type
Agenda
Meeting Type
Economic Development Authority
Document Date
03/09/2017
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Other Financing- <br /> Business Tvge: Cosmetics— Direct Selling <br /> Location: Blaine Business and Resident <br /> Referred by: Found OTB Info on Internet <br /> OTB Financing: NA <br /> Other Financing: $1,000 Micro Grant <br /> Employment: 1 Full-time <br /> Overview: Client went through some very difficult personal hardship and has not been able to secure a regular <br /> job. She wanted to start her own small business; Open To Business provided a Micro Grant to help her purchase <br /> inventory to get the business off the ground. <br /> Business Type: Credit Card Processing/Point of Sale Equipment <br /> Location: Anoka Business and Resident <br /> Referred by: Found OTB Info in City of Anoka Newsletter <br /> OTB Financing: NA <br /> Other Financing: $1,000 Micro Grant <br /> Employment: 1 Full-time <br /> Overview: This client started the business a couple of years ago after years of experience in the industry. The <br /> family had gone through some tough times, both personally and financially, which limited his ability to get the <br /> business started. I keep in touch with owner and the business continues to move in the right direction, in spite of <br /> a very competitive environment. I awarded this client another Micro Grant this year to continue efforts with <br /> growing the business. The money is used for website development and marketing efforts. I use this client for <br /> professional referrals to other small businesses with point of sale needs. <br /> Business Type: Personal and Professional Coaching/Unique Keynote Speaker <br /> Location: Business Services offered in Anoka County, Resident in Hennepin County <br /> Referred by: Met Client at Lino Lakes Quad Area Chamber Meeting <br /> OTB Financing: NA <br /> Other Financing: $1,000 Micro Grant <br /> Employment: 1 Full-time <br /> Overview: This client went through some very difficult times personally, and this had a devastating effect <br /> financially. He has a unique approach to his business coaching style, his life and work experience in a long sales <br /> career serve him well with this business. I've kept in touch with this client and his business is growing by leaps <br /> and bounds. The Micro Grant I awarded was used to fund professional networking memberships. <br /> Business Type: Construction Remodeling/Attic Insulation Services <br /> Location: Ham Lake Business and Resident <br /> Referred by: Found OTB in Ham Lake City Newsletter <br /> OTB Financing: NA <br /> Other Financing: $1,000 Micro Grant <br /> Employment: 2 Full-time <br /> Overview: This couple had a prosperous growing construction business in the state of Colorado; however, about <br /> one year ago the business was shut down due to alleged illegal dealings with a partner. They were not aware, <br /> and somewhat naive about what was happening behind closed doors. The couple had to file bankruptcy, were <br /> left with no money, and only their house in MN. They are looking to start over, no partners, and came to me <br /> looking for help on how to get a business started in MN. They qualified for a Micro Grant, and this helped with <br />
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