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A roll call vote was performed: <br />Member Stewart <br />Member Riley <br />Chairperson Wiyninger <br />Member Lindahl <br />Member Karpen <br />Member Johnson <br />aye <br />aye <br />aye <br />aye <br />aye <br />aye <br />Motion carried. <br />4. EDA BUSINESS <br />4.01: Consider Recommendation to Provide <br />ness Assista o Zero Zone <br />Economic Development Manager Sullivan pr- - d the staff report. <br />Jason Aarsvold, Ehlers, stated that has been work <br />analysis and estimates the availabl ax increment amou <br />case, the "but -for" test is about the fact that the investment <br />He provided additional details on the analysis that was comple <br />Economic Development Sullivan provide <br />policy related to job; creation. Zero Zone will be r <br />$21.00/hour. He commented that this would bri <br />the minimum requirement of the State of Minnesot <br />score as wel is project. <br />Phil P <br />it has b <br />informatio the project, <br />that they lovsey and <br />location attracts e employ <br />employees, which i they <br />Member Karpen asked <br />the City to c • ete the but -for <br />be $360,000. He ated that in this <br />go elsewhere outside of Ramsey. <br />and related findings. <br />'ls on the business subsidy <br />- e 55 jobs with wages of at least <br />any more • uality jobs per public dollar than <br />Statutes. He commented that not all projects <br />n, represe g Zero Zone, stated t has been with the company for 15 years, and <br />reat to see thA growth of the company throughout that time. He provided additional <br />would allow the company to grow its industrial side. He stated <br />love tovremain in Ramsey. He commented that their Iowa <br />overall, but the Ramsey community attracts more qualified <br />d like to expand this more technical side in Ramsey. <br />h• ompany plans to attract these employees. <br />Mr. Peterson replied that they do have an HR Assistant, and they will also use recruiters. He stated <br />that they may offer things such as relocation assistance to bring in engineers. He stated that they <br />do have training centers in Iowa and Minnesota. <br />Member Riley commented that they love to see the expansion of businesses in Ramsey and <br />commented that he enjoyed a previous visit to Zero Zone. He stated that they often talk about <br />bringing new businesses to Ramsey, but they also support the expansion of local businesses. <br />Economic Development Authority/ August 14, 2025 <br />Page 2 of 5 <br />