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09/13/89
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09/13/89
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Meetings
Meeting Document Type
Minutes
Document Title
Economic Development Commission
Document Date
09/13/1989
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<br /> <br /> <br /> <br /> <br />k~\ <br />~~. <br />~:FI!iED UP WITH KNCWLfP?.E."_~ <br /> <br />-' <br /> <br />/ / <br /> <br />Madison Public Schools <br />316 4th Street <br />Madison, Minnesota 56256 <br /> <br />Superintendent 598-7712 <br />High School 598-7551 <br />Elementary 598-7528 <br /> <br />July 31, 1989 <br /> <br />Dear Potential Business Partner: <br /> <br />We're not familiar with you or your business en~erprise; however <br />we are proposing for your consideration an economic merger. If <br />your current business is sound and growth is a consideration, an <br />increased profit for you is our goal. <br /> <br />As an incentive for your expanded business venture we have <br />available: <br /> <br />1 ) <br />2) <br /> <br />$1,000,000 (one million revolving cash flow fund) <br />facilities - exis~ing structures of 11,000 sq. ~t.; <br />8,000 sq. ft., etc. <br />An initial $5.00 per hour labor force. <br />An employee educa~ional training program, with shared <br />cost arrangements. <br />Access to excellent transportation (land and air) <br />A willingness to reconstruct as needed, and <br />Access ~o an ou~ sta~e communi~y interested in proposing <br />a win-win situation for everyone. <br /> <br />3) <br />- \ <br />4, <br /> <br />5) <br />6) <br />7) <br /> <br />All we ask in return from you is: <br />a) a business concept <br />0) managemen~ expertise <br />c) verification of your integrity. and <br />d) a mutual commitment <br /> <br />We are not suggesting that your business relocate in our <br />community, but instead expand its existing operation utilizing <br />our local retrained people capable of providing skills needed in <br />your business. For example. lets assume your business eouid <br />employ 25 workers. A retrained labor force can be employed in <br />Madison for a $4 per hour lesser wage than in the metro area. A <br />quick calculation of 25 workers times $u =er hour times 2.080 <br />
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