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4. 2. <br />Economic Development Authority (EDA) <br />Meeting Date: 04/09/2026 <br />Primary Strategic Plan Initiative: Promote economic growth and development. <br />Title: <br />Select 2026 Ramsey Business of the Year <br />Purpose/Background: <br />The purpose of this case is to select the 2026 Ramsey Business of the Year, an annual selection made by the <br />EDA. The nomination letter and benefits for the 2026 Business of the Year winner are attached. The Ramsey <br />Business of the Year is chosen from a list of 3-6 nominees (known as the "small list"). The purpose of the small <br />list is to narrow down the voting / analysis process to a smaller pool of nominees for efficiency. The "small list" <br />of candidates is derived from a "large list." Nominees are asked to answer a set of questions that demonstrate <br />their exemplary standing in each of these four categories: <br />• Length of tenure in the City of Ramsey <br />• Number of employees / job creation <br />• Community involvement <br />• Innovation and uniqueness <br />Both the 'small' and 'large' lists are attached. <br />Notification: <br />None required <br />Time Frame/Observations/Alternatives: <br />We have received responses from all five nominees, each with their own areas of excellence. The City of <br />Ramsey is fortunate to have many great nominees for 2026 Business of the Year. The EDA should review the <br />responses and select a 2026 Business of the Year. <br />The nominees that have completed questionnaires include (sorted alphabetically - years on the short list): <br />FabTech Plastics (1) <br />Global Glove (5) <br />Intech (3) <br />Martin Marietta (3) (Formerly Commercial Asphalt / Barton Sand and Gravel) <br />RM Golf Carts (3) <br />Staff believes that RM Golf Carts should be given some special consideration based on the fact it was resilient <br />during the Highway 10 Construction project and ultimately purchased the RALF site from City ($550,000) it was <br />leasing and completed facade and parking lot improvements ($100,000) in 2025. Staff believes this commitment <br />to Ramsey and improving the image on Highway 10 without it being required should be recognized. RM Golf is <br />also a small family -owned business. If RM Golf Carts is not selected as Business of the Year, Staff would be <br />supportive of removal due to the length on both lists. <br />This is the 5th year Global Glove has been on the Short List. This company, with 84 employees in Ramsey, has <br />steadily expanded in Ramsey with building acquisitions (Dahlheimer) and Investment at its facilities on Radium <br />Street. If they are not selected 2026 Business of the Year Staff would be supportive of removal from the Small <br />List due to it being the 5th year on the short list. <br />This is the 3rd year on the Short List for Martin Marietta. They were on the Long List, (starting as Commercial <br />