11-24-2010 EDAAEDA Board Meeting
Main Conference Room — City Center
11:30 AM Wednesday, November 24th, 2010
Updated: 17 November 2010
1
VI
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AGENDA
Call to order
Approve agenda
Review meeting minutes
A. October 27 h Board of Directors
B. October 20th Finance Team
Review of October financial statements - Finance director
Director's Report
A. County Project
B. Industrial Park
1. BDIA Grant —last $10K received/ Grant closed out
2. Federal grant status
3. Chips Holding Company project
C. Wetherell Property Demolition
D. "Shovel Ready" certification for Energy Park
E. Warrior Mfg. Land Sale / Purchase
F. Stritesky Property — Tile work
Stritesky Property Lease
Review bids, accept high bid
Consideration of 2011 Projects & Goals
BR & E Visits
• Nordic Components (26 emp)
• RD Machine (21 emp)
• AG Systems (70+ emp)
• Pride Solutions (15 emp)
VIII. Grant & loan applications
Storefront Revitalization Matching Grant
Karen Schmeling (Unity Uniform) - 40 Main Street South
Sign and Awning Grant (Final Invoice Adjustment)
Ann McMahon -
IX. Other business
X. Chamber update
XI. Set next meeting - December 22nd
XII. Adjourn
$2,535.00
$975 - - - -4 $1,133.63
2010 Work Plan & Goals
BUSINESS RETENTION & EXPANSION
1) Conduct 15 BR & E visits, as many as possible in conjunction with the Chamber of
Commerce. 117 o °° IG;' 'V151111".5
DOWNTOWN
2) Promote new development on former Cenex site.
3) Continue development of Downtown Gateway
INDUSTRIAL PARK
4) Make Bio- Science & renewable energy projects a development priority
■ Research & evaluate existing projects in Minnesota
5) Complete new Industrial Park
■ Complete infrastructure construction 3 0 1111I
■ Annex / rezone / plat new lot (Hackbarth) 3 0 1111I
6) Recruit at least 1 new company for the industrial park.��,IP °�IG"III
7) Obtain JOBZ designation for all lots in new industrial park
MARKETING & PUBLIC RELATIONS
8) Evaluate the need for / create new marketing materials 3 0 1111I
9) Develop community marketing materials for Cornerstone Commons 3 0 1111I
10) Continue Public Relations Activities
■ Regular appearances on KDUZ "Community Affairs" program •
■ Speaking engagements to service clubs, etc. — as invited 3 0 11111 °
■ Regular updates to EDA website 3 0 1111I
GENERAL
11 )Obtain $100,000 in grants (various uses) $37,5()O (�. ,I,' II3C)
12) Pursue development of a McLeod County EDA
13) Do everything feasible to fill vacant "big box" buildings
Proposed 2011 Work Plan & Goals
BUSINESS RETENTION & EXPANSION
1) Conduct 15 BR & E visits, as many as possible in conjunction with the Chamber of
Commerce
DOWNTOWN
2) Promote new development on former Cenex site
a. Advocate re- construction of Les Kouba Parkway / Lind Street
3) Continue development of Downtown Gateway
4) Continue support of Hutchinson Downtown Association
INDUSTRIAL PARK & BUSINESS RECRUITMENT
5) Make bio- science & renewable energy projects a development priority
■ Research & evaluate existing projects in Minnesota
6) Recruit at least 1 new company for the industrial park
7) Complete contracted McLeod County economic development project
MARKETING & PUBLIC RELATIONS
8) Make regular updates to EDA website / MNPRO
9) Continue public relations activities
a. Write monthly "Crow River Business" column
b. Speaking engagements to service clubs, etc. — as invited
GENERAL
10) Obtain $100,000 in grants (various uses)
11) Pursue development of a McLeod County EDA
12) Do everything feasible to fill vacant "big box" buildings