Agenda - Economic Development Authority - 05/08/2025

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Motion by Member Lindahl, seconded by Member Johnson, to select Soderholm and Associates / WCC (SA Group, Inc.) as the 2025 Ramsey EDA Business of the Year. Further discussion: Economic Development Manager Sullivan acknowledged the point of Member Stewart that a business can sometimes sit on the small list while another business can move up to the small list and be selected in short order. He noted the 50th anniversary of Soderholm Associates this year, along with the 46,000 square foot expansion that just occurred, and the completed renovation he believed that this is a good selection. He stated that G al Glove could then be considered for 2026 as it is a great business in the community w buildings leased in Ramsey and continue to expand and provide a lot of employment ortunities. A roll call vote was performed: Member Karpen abstain Member Lindahl aye Member MacLennan aye Member Johnson aye Chairperson Wiyninger aye Member Riley aye Member Stewart nay Motion carried. Chairperson Wiyninger r- all the busses on bo the large and small lists for being great businesses and t g the ' o communi`rte and respond to staff. Economic Development lists. Membe see t Member RI from the list. acLennan stated that e potential changes for the large and small dealt with Fabtech Plastics for many years and would love to ove to the smat for 202 he would agree with the staff suggestion to remove Multisource Member MacLenna staff would have any suggestions to add to the large list. Economic Developm- t Manager Sullivan stated that Integrity Tool and Engineering was in the old business park and moved into one of the new PSD properties, and continues to grow. He was unsure of the new name of the company, but stated that could be added to the large list. He cautioned against adding too many businesses as that can create a situation where a business sits on the list for years. Economic Development Authority/ April 10, 2025 Page 5 of 7