EDA Agenda - 12/12/2022AGENDA
REGULAR MEETING - ECONOMIC DEVELOPMENT AUTHORITY (EDA)
Wednesday, December 14th, 2022 — 6:00 p.m.
Mississippi Room, Monticello Community Center
Commissioners: President Steve Johnson, Vice President Jon Morphew, Treasurer Tracy
Hinz, 011ie Koropchak-White, Hali Sittig and Councilmembers Lloyd Hilgart
and Charlotte Gabler
Staff: Executive Director Jim Thares, Angela Schumann, Sarah Rathlisberger,
Hayden Stensgard
1. Call to Order
2. Roll Call
3. Consideration of additional agenda items
4. Consent Agenda
a. Consideration of Approving Regular Meeting Minutes— October 12, 2022
b. Consideration of Approving Workshop Meeting Minutes — November 9, 2022
c. Consideration of Approving Regular Meeting Minutes— November 9, 2022
d. Consideration of Approving Payment of Bills
Regular Agenda
5. Consideration of 2023 Wright County Economic Development Partnership Membership
and Dues in the amount of $3,401
6. Consideration of WSB 2022 Qtr. Update and CY 2023 Economic Development Assistance
Services Contract in the amount of $12,000
7. Consideration of Update of EDA Legal and Financial Consultants' CY 2023 Fee Rates
8. Economic Development Manager's Report
9. Adjourn
MINUTES
REGULAR MEETING - ECONOMIC DEVELOPMENT AUTHORITY (EDA)
Wednesday, October 12th, 2022 — 6:00 p.m.
Mississippi Room, Monticello Community Center
Commissioners Present: President Steve Johnson, Vice President Jon Morphew, Treasurer
Tracy Hinz, 011ie Koropchak-White, Hali Sittig and
Councilmembers Lloyd Hilgart and Jim Davidson
Staff Present: Executive Director Jim Thares, Hayden Stensgard
1. Call to Order
President Steve Johnson called the regular meeting of the Monticello EDA to order at
6:00 p.m.
2. Roll Call
Mr. Johnson called the roll.
3. Consideration of additional agenda items
None
4. Consent Agenda
a. Consideration of Approving Regular Meeting Minutes —July 27, 2022
b. Consideration of Approving Workshop Meeting Minutes — August 10, 2022
c. Consideration of Approving Regular Meeting Minutes — August 10, 2022
d. Consideration of Approving Regular Meeting Minutes — August 18, 2022
e. Consideration of Approving Payment of Bills
Lloyd Hilgart moved to approve the October 12, 2022 regular meeting consent agenda.
Hali Sittig seconded the motion. Motion carried unanimously, 7-0.
Regular Agenda
5. Consideration of Resolution No. 2022-29 authorizing a Master Amendment Agreement
to the EDA $140,000 GMEF Loan Agreement with Sota Car Wash, LLC dba Due North
Executive Director Jim Thares provided an overview of the agenda item to the EDA and
the public. The amendment to the Loan Agreement between the EDA and Due North Car
Wash in Monticello is for site improvements. It also includes an additional partner who
will become part of the Loan Agreement. Some examples of site improvement this
amendment would support include added vacuums and a new pylon sign.
JIM DAVIDSON MOVED TO ADOPT RESOLUTION NO. 2022-29, APPROVING A MASTER
AMENDMENT AGREEMENT TO THE EDA'S $140,000 GMEF LOAN TO DUE NORTH. LLOYD
HILGART SECONDED THE MOTION. MOTION CARRIED UNANIMOUSLY, 7-0.
6. Consideration of Resolution No. 2022-30 authorizing a Purchase Agreement with
Moon Motors for the acauisition of a 1.46 -acre parcel described as Lot 1. Block 1
Oakwood Industrial Park, 3rd Addition (9699 Fallon Avenue), in the amount of $300,00
Mr. Thares provided an overview of the agenda item to the EDA and the public. In
relation to the Washburn Computer Group expansion that the EDA had been aware of,
Moon Motors is interested in selling the noted property South of the current Washburn
site. This item is a companion item to items #7 and #8 on the agenda, as Moon Motors
had requested an opportunity to build a warehouse facility on an EDA property located
in Otter Creek Business Park.
LLOYD HILGART MOVED TO APPROVE RESOLUTION NO. 2022-30, AUTHORIZING A
PURCHASE AGREEMENT WITH POWERSPORTS SERVICES, LLC. AND PLATINUM
TECHNOLOGIES, LLC. FOR THE ACQUISITION OF 1.46 INDUSTRIAL PARCEL IN THE
AMOUNT OF $300,000, CONTINGENT ON THE PLANNING COMMISSION REVIEW FOR
CONFORMITY WITH THE COMPREHENSIVE PLAN. JON MORPHEW SECONDED THE
MOTION. MOTION CARRIED UNANIMOUSLY, 7-0.
7. Consideration of Resolution No. 2022-31 authorizing an Option Agreement with
Washburn Comauter GrouD for a 1.46 -acre industrial Darcel described as Lot 1. Block
Oakwood Industrial Park. 3rd Addition
Mr. Thares provided an overview of the agenda item to the EDA and the public. A
companion item to item #6 on the agenda, the Option Agreement would provide
Washburn Computer Group the opportunity to utilize the lot to the South of their
facility for an expansion.
Vice -President Jon Morphew asked if Washburn has expressed interest in the Option
Agreement. Mr. Thares noted they were aware of all the pertinent land decision steps
and the specific option documents. Washburn's feedback about the document
indicated that they are okay with the proposed pricing format and crediting against the
land purchase price as well as the agreement timeline.
Mayor Lloyd Hilgart asked if the option price is renewed every year. Mr. Thares
confirmed and noted that they would pay $50,000 this year and if nothing occurred
within that year, an additional $50,000 would be paid to the EDA and so forth.
TRACY HINZ MOVED TO APPROVE RESOLUTION NO. 2022-31 AUTHORIZING AN OPTION
AGREEMENT WITH WASHBURN COMPUTER GROUP, LLC FOR A 1.46 -ACRE INDUSTRIAL
PARCEL LOCATED AT 9699 FALLON AVENUE IN THE AMOUNT OF $55,000 OPTION
PREMIUM AND A PURCHASE PRICE OF $300,000. HALI SITTIG SECONDED THE MOTION.
MOTION CARRIED UNANIMOUSLY, 7-0.
8. Consideration of Resolution No. 2022-32 Authorizing a Preliminary Development
Agreement (PDA) with Moon Motors for a 9.764 -acre parcel in Otter Creek Business
Park (OCBP) described as, Lot 1, Block 1, Otter Creek Crossing, 7th Addition, for an
industrial warehouse development project
Mr. Thares provided an overview of the agenda item to the EDA and the public noting
this is a companion item to Items 6 and 7. Moon Motors, is interested in building a
warehouse facility in the Otter Creek Business Park, contingent on the sale of the 1.46 -
acre lot located at 96799 Fallon Avenue to the EDA. Moon needs a general warehouse
facility to serve as a storage and light assembly facility for its dealership and is
interested in obtaining an EDA -owned property in Otter Creek for this proposal.
Comments from the Moon Motors team related to the PDA were received the day of
the meeting. Mr. Thares noted that they had accepted the draft agreement that is
included in the agenda.
JON MORPHEW MOVED TO ADOPT RESOLUTION NO. 2022-32, AUTHORIZING A PDA
WITH MOON MOTOR FOR A 9.764 ACRE DESCRIBED AS LOT 1, BLOCK 1, OTTER CREEK
CROSSING 7T" ADDITION, LOCATED IN OTTER CREEK BUSINESS PARK. OLLIE
KOROPCHAK-WHITE SECONDED THE MOTION. MOTION CARRIED UNANIMOUSLY, 7-0.
9. Consideration of authorizine a Rieht of Entry for Headwaters Develooment for EDA
owned property described at Outlot A, Country Club Manor, 16.71 acres, for the
purposes of site excavation and grading activities related to the apartment and twin
home development proposals
Mr. Thares provided an overview of the agenda item to the EDA and the public.
Headwaters Development is preparing to close on the EDA -owned property and has
requested a right -of -entry to begin work prior to owning the property. The developers
are required to submit a grading plan and apply for their grading permit before they will
be able to do any of that work on site.
LLOYD HILGART MOVED TO AUTHORIZE A RIGHT OF ENTRY WITH HEADWATERS
DEVELOPMENT FOR THE EDA OWNED PROPERTY (COUNTRY CLUB MANOR) ALONG 7T"
STREET WEST FOR THE PURPOSE OF EXCAVATION AND GRADING ACTIVITIES,
CONTINGENT ON THE STATED CONTINGENCIES. JIM DAVIDSON SECONDED THE
MOTION. MOTION CARRIED UNANIMOUSLY, 7-0.
10. Economic Development Manager's Report
Mr. Thares provided an overview of the agenda item to the EDA and the public.
11. Recognition of Jim Davidson's service on EDA
The EDA recognized Councilmember Jim Davidson's 7 years of service on the Monticello
EDA. The October 12, 2022 regular meeting was the councilmember's last meeting as an
EDA commissioner.
12. Adjourn
Tracy Hinz Moved to adjourn the regular meeting of the Monticello EDA. Hali Sittig
Seconded the motion. Motion carried unanimously, 7-0. Meeting adjourned at 7:02 p.m.
MINUTES
ECONOMIC DEVELOPMENT AUTHORITY (EDA) WORKSHOP
Wednesday, November 9, 2022 — 5:00 p.m.
Academy Room, Monticello Community Center
Members Present: President Steve Johnson, Treasurer Tracy Hinz, 011ie Koropchak-White,
Hali Sittig and Councilmembers Lloyd Hilgart and Charlotte Gabler
Members Absent: Vice -President Jon Morphew
Staff Present: Executive Director Jim Thares, Angela Schumann, Ron Hackenmueller
1. Call to Order
President Steve Johnson called the workshop meeting of the Monticello EDA to order at
5:00 p.m.
2. Roll Call
Mr. Johnson called the roll.
3. Project Block 52 progress
Mr. Thares provided an overview of the agenda item to the EDA and the public. The EDA
was updated on the redevelopment project on Block 52. The footings and the
foundation of the building were being installed. The EDA was also updated on the
exposed wall of the 149 W Broadway Street building (Sleep Concepts), and that the
development team is working towards completing necessary improvements of the wall,
that was subsequently exposed due to the demolition phase of the redevelopment.
Chief Building Official Ron Hackenmueller presented plans for securing and insulating
the exposed wall of 149 W Broadway Street to the EDA and the public.
No action was taken on the item.
4. Washburn Computer Group option
This item was discussed before Item #3 on the agenda. Executive Director Jim Thares
provided an overview of the agenda item. This is in relation to the Option Agreement
between Washburn Computer Group and the Monticello EDA that was approved at the
October 12, 2022 regular meeting.
Mike Willard, Owner and Manager of Washburn Computer Group, introduced himself
and addressed the EDA and the public. Mr. Willard provided an update on Washburn's
plan for growth related to the Option Agreement.
Councilmember Charlotte Gabler asked what the timeline for expansion or building was
for Washburn. Mr. Willard said that space -wise, Washburn needs to build now. With the
recent economic changes in the cost of borrowing and material price increases, it will
not be immediate near-term time frame. He is leasing space in available buildings in
Monticello to meet the capacity needs. The Washburn Computer Group equity partners
and leadership team will continue to monitor the economy and the finance conditions
hopefully be able to pursue the expansion in two or three years.
Mr. Willard explained his concern with the pricing format of the Land Purchase Option
Agreement which was approved by the EDA at its October 12, 2022 meeting. He noted
that he had informed Mr. Thares that he was okay with the terms and pricing of the
Option Agreement prior to that meeting. He then was informed by some of the equity
investors of Washburn Computer that they were not in fact okay with the pricing
format. Hence, he is hoping to have the Option Agreement modified to satisfy
Washburn's concerns.
No action was taken on the item.
5. Facade Improvement Grant Program
Mr. Thares provided an overview of the agenda item to the EDA and the public. The
program requires a change to the name as state statute does not allow for a grant
program, but rather a forgivable loan program. The regular meeting agenda item is a
request for the EDA to make the title change to the program to reflect that. The
guidelines and regulations for the program will not change.
6. Adjournment
TRACY HINZ MOVED TO ADJOURN THE NOVEMBER 9, 2022, EDA WORKSHOP MEETING.
HALI SITTIG SECONDED THE MOTION. MOTION APPROVED UNANIMOUSLY, 6-0.
MEETING ADJOURNED AT 5:51 P.M.
MINUTES
REGULAR MEETING - ECONOMIC DEVELOPMENT AUTHORITY (EDA)
Wednesday, November 9th, 2022 — 6:00 p.m.
Mississippi Room, Monticello Community Center
Commissioners Present: President Steve Johnson, Treasurer Tracy Hinz, 011ie Koropchak-
White, Hali Sittig and Councilmembers Lloyd Hilgart and Charlotte
Gabler
Commissioners Absent: Vice -President Jon Morphew
Staff Present: Executive Director Jim Thares, Angela Schumann
1. Call to Order
President Steve Johnson called the regular meeting of the Monticello EDA to order at
6:07 p.m.
2. Roll Call
Mr. Johnson called the roll.
3. Consideration of additional agenda items
None
4. Consent Aeenda
a. Consideration of Approving Regular Meeting Minutes —August 29, 2022
b. Consideration of Approving Regular Meeting Minutes — September 14, 2022
c. Consideration of Approving Payment of Bills
LLOYD HILGART MOVED TO APPROVE THE NOVEMBER 9, 2022 REGULAR MEETING
CONSENT AGENDA. OLLIE KORPCHAK-WHITE SECONDED THE MOTION. MOTION
CARRIED UNANIMOUSLY, 6-0.
Regular Agenda
5. Consideration of Resolution No. 2022-33 Approving an Option Agreement Granting
Washburn Computer Group, Inc. the Option to Purchase a Vacant 1.46 -acre Parcel
Located at 9699 Fallon Avenue
Executive Director Jim Thares provided an overview of the agenda item to the EDA and
the public. A previously approved option agreement (October 12, 2022) with Washburn
Computer Group is being presented for consideration of modifying the pricing format.
With the approval of the option agreement, Washburn Computer Group would pay the
EDA $55,000 for year one and then $15,000 for years two and three. Washburn is
seeking the property to allow it to pursue a warehouse facility expansion in 2025 or
2026.
Mayor Lloyd Hilgart noted that given the discussion at the workshop prior to the regular
meeting, he would proceed to make a motion with the option price of $50,000 and not
$55,000.
STEVE JOHNSON MOVED TO APPROVE RESOLUTION NO. 2022-33 AUTHORIZING A
RESTATED LAND PURCHASE OPTION AGREEMENT WITH WASHBURN COMPUTER
GROUP, LLC. FOR A 1.46 -ACRE INDUSTRIAL PARCEL LOCATED AT 9699 FALLON AVENUE
IN THE AMOUNT OF $50,000 OPTION PREMIUM (YEAR ONE) AND A PURCHASE PRICE OF
$300,000. LLOYD HILGART SECONDED THE MOTION. MOTION CARRIED UNANIMOUSLY,
6-0.
6. Consideration of Resolution No. 2022-34 Revising the Downtown Facade Imarovement
Program's Policies and Procedures
This item was presented after item #7 on the agenda. Mr. Thares provided an overview
of the agenda item to the EDA and the public. The change is related to the title of the
program. It will no longer be considered a grant, but rather a forgivable loan. The
guidelines would also need to be adjusted to reflect the practice of a forgivable loan.
The proposed change would establish a loan for 5 -years with 20% forgiven each year.
Changes to the grants already given out are not expected to change with these
revisions.
The EDA members stated a willingness to approve the resolution with noted revisions
adjusting the term of the loan and the process of forgiveness. The preferred terms are a
three-year term with annual forgiven percentages of 50% after the first year, 25% after
the second year, and 25% after the third year.
HALI SITTIG MOVED TO ADOPT A RESOLUTION NO. 2022-34, APPROVING AMENDED
FACADE IMPROVEMENT PROGRAM GUIDELINES CONTAINING LANGUAGE
REFORMATTING IT FROM A GRANT TO A FORGIVABLE LOAN. TRACY HINZ SECONDED
THE MOTION. MOTION APPROVED UNANIMOUSLY, 6-0.
7. Consideration of Resolution No. 2022-35 Approving an Assignment and Assumption of
Purchase and Development Contract and Assignment of Tax Increment Financing Note
by Headwaters Development LLC to CHC Monticello Townhomes LLC related to
proposed residential development at the Country Club Manor, Second Addition site
This item was presented before item #6 on the agenda. Mr. Thares provided an
overview of the agenda item to the EDA and the public. The assignment is related to a
request by Headwaters to convey the townhome portion of the land to Community
Housing Corporation (CHC), a non-profit out of St. Paul, MN. CHC will manage the
development property following completion of the project.
Wes Butler, Executive Director of CHC, addressed the EDA and the public. CHC plans to
take ownership of the townhome portion of the property and is committed to the
affordability factor of the approved project.
Councilmember Charlotte Gabler asked whether CHC was interested in the apartments
portion of the project. Mr. Butler clarified that at the moment, the intention currently is
that CHC will be involved in the townhomes, with potential in the future to become
involved in the apartment building.
Ms. Gabler asked if this project was still slated for residents 55+. Community
Development Director Angel Schumann clarified that the entirety of the project was
approved as a 55+ residential development. Mr. Butler clarified that this feature was
understood early in their involvement of the project.
Mr. Johnson asked if two development agreements will be necessary for the project
with the addition of CHC. Mr. Thares confirmed that two development agreements will
be necessary.
Brian Nicholson, Headwaters Development, clarified that these are two separate
projects, TIF -wise and development wise. Headwaters also plans to close on the two
portions of the same property separately.
TRACY HINZ MOVED TO ADOPT RESOLUTION NO. 2022-35 APPROVING THE
ASSIGNMENT AND ASSUMPTION AGREEMENT, ASSIGNING, AND TRANSFERRING THE
PURCHASE AND DEVELOPMENT CONTRACT FOR TIF DISTRICT 1-43 AND ASSIGNMENT OF
TAX INCREMENT FINANCING NOTE BY HEADWATERS DEVELOPMENT, LLC. TO
MONTICELLO TOWNHOMES CHC, LLC. AS RELATED TO THE RENTAL TWINHOME
DEVELOPMENT OF COUNTRY CLUB MANOR SECOND ADDITION. OLLIE KORPCHAK-
WHITE SECONDED THE MOTION. MOTION CARRIED UNANIMOUSLY, 6-0.
8. Consideration of Update of Draft Region 7W 2022 Comprehensive Economic
Development Strategy (CEDS) Report
Mr. Thares provided an overview of the agenda item to the EDA and the public. Region
7W consists of Wright, Sherburne, Stearns, and Benton County. Region 7W is currently
in the process of updating its Comprehensive Economic Development Strategy (CEDS).
The public comment portion of the update process is underway. Mr. Thares encouraged
the EDA to review the draft document and send any relevant comments to him for
submittal to Region 7W. The Industrial and Economic Development Committee (IEDC)
had the opportunity to review and provide comment to Mr. Thares, following their
regular meeting on November 1, 2022.
No action was taken on the item.
9. Economic Development Manager's Report
Mr. Thares provided an overview of the agenda item to the EDA and the public.
10. Adjourn
Tracy Hinz Moved to adjourn the regular meeting of the Monticello EDA. Hali Sittig
Seconded the motion. Motion carried unanimously, 6-0. Meeting adjourned at 7:18 p.m.
EDA Agenda: 12/14/22
4d. Consideration of Approving Payment of Bills
A. REFERENCE AND BACKGROUND:
Accounts Payable summary statements listing bills submitted during the previous month
are included for review.
B. ALTERNATIVE ACTIONS:
1. Motion to approve payment of bills through November 2022.
2. Motion to approve payment of bills through November 2022 with changes as
directed by the EDA.
C. STAFF RECOMMENDATION:
Staff recommends approval of Alternative #1.
D. SUPPORTING DATA:
A. Accounts Payable Summary Statements
Accounts Payable
Transactions by Account
User: Julie.Cheney
Printed: 11/10/2022 - 1:40PM
Batch: 00203.11.2022
Account Number
Vendor
Description
GL Date Check No
CITYonticello
Amount PO No
213-00000-220110
KENNEDY AND GRAVEN CHAR]
TIF 1-45 - 113 W Broadway - Sept 20:
11/15/2022
126355
1,003.50
213-00000-220110
KENNEDY AND GRAVEN CHAR]
TIF 1-45 - Block 52 Redevelopment -
11/15/2022
126355
6,518.55
213-00000-220110
KENNEDY AND GRAVEN CHAR]
21TOO 1 -Headwaters Townhomes TIF
11/15/2022
126355
175.00
213-00000-220110
KENNEDY AND GRAVEN CHAR]
21TOO 1 -Headwaters Apartments TIF
11/15/2022
126355
349.70
213-00000-220110
KENNEDY AND GRAVEN CHAR]
TIF 1-44 - Washburn POS Economic I
11/15/2022
126355
25.00
213-00000-220110
KENNEDY AND GRAVEN CHAR]
TIF 1-46 - Wiha Tools TIF Project - Sa
11/15/2022
126355
879.00
213-00000-220110
KENNEDY AND GRAVEN CHAR]
TIF 1-47 - Moon Motors Warehouse E
11/15/2022
126355
620.00
Vendor Subtotal for Dept:00000 9,570.75
213-00000-220110 NORTHLAND SECURITIES INC 21TOO 1 - TIF 1-42 - Headwaters Apar 11/15/2022 126368 752.50
213-00000-220110 NORTHLAND SECURITIES INC 21TOO 1 - TIF 1-43 - Headwaters Villa: 11/15/2022 126368 752.50
Vendor Subtotal for Dept:00000 1,505.00
213-46301-430400 KENNEDY AND GRAVEN CHAR] GMEF Loan Monticello RV -Sept 20: 11/15/2022 126355 382.00
213-46301-430400 KENNEDY AND GRAVEN CHAR] General EDA- Sept 2022 11/15/2022 126355 462.00
Vendor Subtotal for Dept:46301 844.00
Subtotal for Fund: 213 11,919.75
Report Total: 11,919.75
AP -Transactions by Account (11/10/2022 - 1:40 PM) Page 1
Accounts Payable
Transactions by Account
User: Julie.Cheney
Printed: 12/05/2022 - 3:41PM
Batch: 00201.11.2022
Account Number
Vendor
Description
CITY3tjMSo!nti cello
GL Date Check No
Amount PO No
213-46301-443990
US BANK CORPORATE PMT SYS
Monti Chamber - Oct Lunch (JT)
11/15/2022
0
40.00
213-46301-443990
US BANK CORPORATE PMT SYS
Monti Chamber - Sept Lunch (JT)
11/15/2022
0
20.00
213-46301-443990
US BANK CORPORATE PMT SYS
Queen Bee's - Centerpieces for IEDC ]
11/15/2022
0
501.06
213-46301-443990
US BANK CORPORATE PMT SYS
Villa Bar & Grill - IEDC Breakfast
11/15/2022
0
1,289.43
Vendor Subtotal for Dept:46301 1,850.49
Subtotal for Fund: 213 1,850.49
Report Total: 1,850.49
AP -Transactions by Account (12/05/2022 - 3:41 PM) Page I
Accounts Payable
Transactions by Account
User: Julie.Cheney
Printed: 11/22/2022 - 3:59PM
Batch: 00204.11.2022
Account Number
Vendor
Description
GL Date Check No
213-46301-431990 BOGART, PEDERSON & ASSOCL Locate & Mark Boundary, certificate c 11/29/2022
Vendor Subtotal for Dept:46301
Subtotal for Fund: 213
Report Total:
The preceding list of bills payable totaling $15,370.24 was approved for payment.
Date: 12/14/2022 Approved by:
Tracy Hinz - Treasurer
126416
CITYonticello
Amount PO No
1,600.00
1,600.00
1,600.00
1,600.00
AP -Transactions by Account (11/22/2022 - 3:59 PM) Page 1
EDA Agenda: 12/14/22
5. Consideration of Authorizing 2023 Wright County Economic Development
Partnership (WCEDP) Membership and approving Annual Dues in the amount of
$3,401 (JT)
A. REFERENCE AND BACKGROUND:
The EDA is asked to consider approving 2023 membership in the Wright County
Economic Development Partnership (WCEDP) and further authorizing the annual dues
payment in the amount of $3,401. This amount is an increase of $795.00 over the 2022
dues which is a year over year increase of 31 percent. Jolene Foss, WCEDP Executive
Director, has been invited to attend the EDA meeting to provide a high-level summary of
the WCEDP programs and benefits for Monticello.
The EDA has been a member of the WCEDP for many years. In collaborating with and
supporting the WCEDP, it offers the potential to leverage additional funding for projects
through the WCEDP Loan Program. The WCEDP also pays membership fees to
organizations that allow the EDA -City to gain access to regional events held by MNCAR
and CMMA (Central MN Manufacturers Association). Collaboration on economic
development efforts is a key strategy noted in the Draft Monticello 2040 +
Comprehensive Plan in achieving local progress.
It also should be pointed out that the WCEDP has now taken the lead role in a County-
wide workforce development program, leading and collaborating with the local school
district, businesses, the MN Workforce Center, technical schools, and others on job
training awareness building efforts. In addition, in the spring of 2021 the WCEDP
launched its County -wide Business Retention and Expansion (BRE) program effort. In
that role, WCEDP staff participate with City staff in conducting BRE visits in the City of
Monticello. A total of 4 collaborative BRE visits have been conducted over the past 18
months.
Al. Staff Impact: There is minimal staff time involved in preparing the staff report for
consideration of the 2023 annual WCEDP membership dues.
A2. Budget Impact: Funds for the 2023 membership dues to the WCEDP amount to
$3,401. These projected expenses were budgeted in the 2023 "Dues, Membership
and Subscriptions" budget line, approved by the EDA in August 2022.
B. ALTERNATIVE ACTIONS:
1. Motion to approve 2023 membership in WCEDP and the annual dues in the amount
of $3,401.
2. Motion to table approval of 2023 membership in WCEDP and the annual dues in
the amount of $3,401 for further research and/or discussion.
C. STAFF RECOMMENDATION:
Staff recommends approval of Alternative #1 wherein the 2023 membership in the
WCEDP and the annual dues in the amount of $3,401 are approved. By participating in the
WCEDP, the EDA benefits through marketing and networking opportunities, BRE
visitations, information sharing and collaborating in project funding, as well as workforce
training efforts that are more effective on a larger geographic scale.
D. SUPPORTING DATA:
A. 2023 WCEDP Membership Dues Invoice
From:
Jolene Foss
To:
Jim Thares
Subject:
Fw: Invoice 10103 from Wright County Economic Development Partnership
Date:
Wednesday, December 7, 2022 2:36:04 PM
Attachments:
Outlook-zij njv20.jDq
Jolene Foss
Executive Director
320.534.8344 Cell
763-496-5593 Office
3650 Braddock Ave NE
Buffalo, MN 55313
0
From: Wright County Economic Development Partnership <admin@wrightpartnership.org>
Sent: Wednesday, December 7, 2022 8:52 AM
To: Jolene Foss <JoleneF@wrightpartnership.org>
Subject: Invoice 10103 from Wright County Economic Development Partnership
Wright County Economic Development
Partnership
Bill to:
City of Monticello
505 Walnut Street Suite 1
Invoice
Date: Dec 7, 2022
Invoice #10103
Monticello MN 55362-
jim.thares@ci.monticello.mn.us
Item
2023 Dues
To pay invoice by check please mail to:
WCEDP
3650 Braddock Ave NE, Suite 1300
Buffalo, MN 55313
Click here to pay online
Powered by MembershipWorks
Qty Price Subtotal
1 $3,401.00 $3,401.00
Subtotal
$3,401.00
Tax
$0.00
Total
$3,401.00
Due
$3,401.00
EDA Agenda: 12/14/22
6. Consideration of 2022 Qtr #3 WSB Update and 2023 Economic Development
Assistance Services Contract Proposal in the Amount of $11,880 (JT)
A. REFERENCE AND BACKGROUND:
This item is presented to the EDA for consideration of the 2023 WSB Economic
Development Assistance Services proposal. The 2023 contract includes proposed work
activities that includes several core measurable services shown below:
1. Market Engagement Activities [estimated stand-alone value= $4,0001
2. Site Design and Illustrations (4 preliminary design sketch illustrations are provided as
part of the fee; no extra cost) [estimated stand-alone value = $7,0001
3. Financial Packaging and Site Selection Work Components [estimated stand-alone value
_ $2,500 to $7,500, depending on projects]
4. EDA Interaction and Engagement Components; 2 strategy engagement sessions in the
context of EDA meetings (workshop or regular meetings offered as part of the monthly
fee, no extra cost) [estimated stand-alone value = $3,3001
5. Quarterly activity and market trend updates [estimated stand-alone value = $850]
The proposed monthly fee is $990 per month or a total of $11,880 for the year. This is a
year -over -year increase of 10 percent. Staff believe the bullet pointed assistance
components, showing stand-alone value make it worthwhile to continuing working with
WSB in a retainer contract format. If the EDA decides to re -new the contract with WSB,
the contract start date will be January 1, 2023, and have an end date of December 31,
2023.
Al. Staff Impact: The Economic Development Manager committed time to review
the proposed 2023 WSB Contract proposal and analyzing potential 2023 projects
and workload.
A2. Budget Impact: The total amount budgeted for Economic Development
Assistance Services in 2023 is $11,880. The funds for the 2023 WSB Economic
Development Assistance Services Proposal are budgeted in the Miscellaneous
Professional Services line item.
B. ALTERNATIVE ACTIONS:
1. Motion to approve the proposed 2023 WSB Economic Development Assistance
Services Contract in the amount of $11,880.
2. Motion to table consideration of 2023 WSB Economic Development Assistance
Services Contract for further research and/or discussion.
C. STAFF RECOMMENDATION:
Staff recommends approval of Alternative #1 wherein the EDA approves the proposed
2023 WSB Economic Development Assistance Services Contract. It should be noted that
the services individually likely have stand-alone value exceeding the total contract cost.
Mr. Gromberg's expertise in State level assistance programs and connections to MN -
DEED leadership as well as metro area economic development groups such as Greater
MSP and federal agency staff (US -EDA) provides significant value to the EDA. WSB has
also been able to provide insights into realistic financial packaging efforts related to several
prospect site searches throughout 2022. The ability to call on WSB to carry out the above -
noted work components allows for more effective use of in-house time and allocation of
resources on current projects and in communications with prospects.
Mr. Gromberg is planning to attend the EDA meeting to answer questions about the
proposed 2023 Contract and/or services provided in the past year. A copy of the proposed
2023 Contract is attached to this report as Exhibit B.
D. SUPPORTING DATA:
A. WSB 3rd Qtr. 2022 Services Update
B. Proposed 2023 WSB & Associates Economic Development Services Contract
w/ Scope of Work
C. Adopted 2023 EDA General Fund Budget (8-10-22 EDA Mtg.)
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ws b
Memorandum
To: Jim Thares, Economic Development Manager
From: Jim Gromberg, Economic Development Coordinator
Date: December 2, 2022
Re: Project Updates
WSB Project No. 013322-00
Thank you for the opportunity to continue to assist the City of Monticello in their continued efforts
to provide economic vitality for the community and the residents. Below are updates on some of
the projects and insights to the trends currently facing the city.
The city currently has several projects in progress for the continued growth the commercial -
industrial tax base. In addition to the tax base growth these projects will allow for the continued
availability of employment opportunities in Monticello.
Project Updates:
Twin Cities Die Casting:
• The company has met with the city to discuss the potential expansion of their existing
facility in Monticello.
• The proposed expansion is competing with the potential expansion of the company's
facility in Watertown SD.
• The expansion in Monticello presents some issues for the company that would not be
experienced in South Dakota.
• DEED is also involved in the project to assist with potential state assistance to the
project.
• The company will be reviewing the information in January to determine the future steps.
• It should be noted that regardless of the decision on the potential expansion, there would
not be any changes to the current operations in Monticello.
Project Singularity:
• German Manufacturing Company that is looking for 50 -acre site.
• RFP was received from the state and was the second round of sites to be reviewed.
• Monticello was not part of the first round of sites submitted by the state in 2021 as the city
did not meet the criteria for the project.
• The criteria have changed to include any sites with a labor shed of 150,000 within 45 -
minute drive.
• Capex is estimated to be $90 million with a workforce of 500 employees.
• The state has been notified that the sites submitted for the project are still being
considered with a decision in early 2023.
Project Wafer:
• Project Wafer is a manufacturing project RFI that was received by the city in October.
• The proposed project site requires 100 acres with the expansion possibility of 20
additional acres.
Monticello EDA
December 2, 2022
Page 2
• Capex would be an estimated $630 million with the creation of 1,500 employees for
phase 1.
• One of the significant requirements for the project was a location within 20 minutes of an
interstate or major highway.
• The city submitted a potential site in the newly identified eastern industrial park.
Shovel Ready Site Update:
• Has been submitted to the state for their review and comments.
• The state is currently reviewing the shovel ready program in conjunction with the
development of a new contract for site review.
• After the state has determined the contract status, they will be arranging for a site visit
which should be in early 2023.
• Upon the states completion of the review of information , the city will be submitting the
application fee for the certification.
Outlook:
• The inflation rate is currently hovering around 6%. This is down significantly from the high
of 9.1 % in early 2022.
• Gas prices are moderating and are projected to be below $3.00 per gallon by the start of
the new year. This is due to reduced demand and improving supply conditions.
• Minnesota's unemployment rate is at an all-time low of 1.8%% compared to the national
rate of 3.7%.
• Wright County's unemployment rate is 1.5% compared to Sherburne County's 1.7%.
• Federal Reserve has indicated that they may be reducing future rate increases as
inflation slows.
• GDP grew at a 2.9% compared to the projected growth rate of 2.6%.
• Residential real estate market remains strong; however, the days on the market are
increasing up from 27 days in October 2021 to 35 days in October 2022. In the last 30
days, 29% of the listings have seen a price adjustment.
• Black Friday sales traffic was up from 2021 with online sales for the period increasing by
4% to $35.3 Billion.
Please let me know if you have any questions concerning the above projects or require additional
information on the projects. In addition, let me know if you have additional projects that should be
reviewed and included.
wsb"
December 2, 2022
Jim Thares
Economic Development Manager
City of Monticello
505 Walnut Avenue, Suite 1
Monticello, MN 56069
Re: Economic Development Services for the City of Monticello
Dear Mr. Thares:
Thank you for providing WSB the opportunity to submit this proposal to provide Economic
o Development Services for the City of Monticello. The community has made considerable progress
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in working towards their goals and project identification over the last year.
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W Based upon our discussions for the focus of the economic development services for 2023 we
� have developed the following summary of the proposed Scope of Services for ongoing support.
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a PROPOSED SCOPE OF SERVICES
a
M Task 1: Market Engagement:
1.1 Active networking with potential market entrants (on-going). The exact meetings
attended would be determined by the Economic Development Manager and the
WSB staff some of the possible groups would be:
Z • EDAM
2 • GSDC
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• GREATERMSP
° Minnesota Marketing Partnership
a •
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W Wright County Economic Development Partnership
Z
Z Other Organizations on an as needed basis.
Task 2: Marketing Plan Implementation:
0
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W 2.1 Assist City Staff, EDA, and City in implementing the adopted marketing plan.
o Aid City staff as needed in developing and/or implementing web or illustrative
marketing materials.
Cn
W Task 3: Financial Packaging and Site Selection Technical Assistance
Z
> 3.1 Economic Development Opportunities - WSB will identify and assist in identifying
a potential economic development opportunities: including the following:
a
Z o Land acquisition.
X o Financial incentive opportunities.
o Preliminary proposal development.
o Assist in closing.
Jim Thares
December 2, 2022
Page 2
o Function as a conduit for information and resource for prospects and City
staff.
o WSB will assist in providing development related information to all qualified
leads.
o Assistance with financial package preparation in consultation with City staff,
policy makers, and financial consultant.
o Attendance at pre -design meetings associated with leads.
Task 4: Preliminary Site Designs:
4.1 WSB will also assist the city staff in the development of up to four preliminary site
plan designs for projects that are requested by the city.
o The preliminary site plan designs will be completed by the Landscape
Architecture staff.
o Complete or signed drawings would be billed separately on a project basis
and not included in the retainer fees.
Task 5: EDA Interaction:
5.1 WSB will lead a strategy session at 2 EDA meetings focusing on economic
development strategy for the city. The sessions are intended to be completed
within the structure of the EDA meeting. The resulting strategies will be
incorporated into the future work plan for the EDA and economic development
staff.
FEE FOR SERVICES
As outlined in the above Scope of Services, the city has the option to retain WSB for 12 months
at the fee of $990.00 per month, starting January 1, 2023. Travel expenses incurred by WSB
within Minnesota as part of the Scope Services offering are included in the monthly fee. Travel
expenses incurred by WSB for travel outside of Minnesota shall be paid for according to a
negotiated price. Additionally, fees for services outside of the above-described scope may be
required from time to time shall be completed at an additional hourly rate.
If you agree with the proposed project Scope of Services and Fee, please sign below, and return
one copy to our office. If you have any questions or comments regarding the above information,
please contact me at (612) 400-3569.
Sincerely,
WSB & Associates
Approval Signature
By:
Jim Gromberg
Economic Development Coordinator Title:
Date:
2023 Budget Draft EXPENDITURES
EDA FUND
2020
2021
2022
2022 2023
%
EDA General
EDA General
ACTUAL
ACTUAL
BUDGET
THRU 7/31 BUDGET
CHANGE
213-41911-431990
MISC PROFESSIONAL SERVICES
$ -
$ 3,170
$ -
$ - $ -
---
213-46301-410100
SALARIES, FULL TIME - REG
92,453
89,400
117,707
63,630 124,847
6.07%
213-46301-410200
SALARIES, FULL TIME - OT
206
6
-
373 -
---
213-46301-410300
SALARIES, PART TIME - REG
620
3,230
6,756
2,670
213-46301-411100
SEVERANCE PAY
-
631
-
-
---
213-46301-411110
SEVERANCE BENEFITS
3,890
(10,621)
-
-
---
213-46301-412100
PERA CONTRIBUTIONS
6,945
6,641
8,828
4,800 9,364
6.07%
213-46301-412200
FICA CONTRIBUTIONS
6,791
6,719
9,521
4,881 10,096
6.04%
213-46301-413100
HEALTH/DENTAL/LIFE INSURAN
16,054
15,648
25,608
9,659 26,504
3.50%
213-46301-413250
HSA CONTRIBUTIONS
4,292
3,877
-
2,948 -
---
213-46301-413300
LIFE INSURANCE CONTRIBUTIONS
126
83
-
60
---
213-46301-413400
DISABILITY INS CONTRIBUTIONS
553
513
-
344 -
---
213-46301-415100
WORKERS COMP INSURANCE
2,260
3,206
3,715
2,172 3,793
1 2.10%
213-46301-421990
GENERAL OPERATING SUPPLIES
-
54
200
245
50.00%
213-46301-430300
PROF SRV - ENGINEERING FEE
488
228
10,000
-10,500 5.00%
213-46301-430400
PROF SRV - LEGAL FEES
17,318
18,028
22,000
5,928 20,000 -9.09%
213-46301-431990
M ISC PROFESSIONAL SERVICES
61,121
7,769
31,700
47,433 31,700 0.00%
213-46301-431991
MISC PROFESSIONAL SERVICES - PROPERTY MGMT
-
-
3,000
- 3,000 0.00%
213-46301-431993
MISC PROFESSIONAL SERVICES - ECON DEV SVCS
-
14,651
10,600
71,557
2.83%
213-46301-432100
TELEPHONE STIPEND
780
780
780
390 780
0.00%
213-46301-432150
IT SERVICES
2,665
3,002
3,659
1,830 3,530 -3.53%
213-46301-432200
MAIL & DELIVERY SERVICES
133
119
250
38 10.00%
213-46301-433100
TRAVEL/TRAINING EXPENSE
1,348
1,803
1,800
1,436 2.78%
213-46301-434990
ADVERTISING
1,149
501
35,000
26,766 7.14%
213-46301-435100
LEGAL NOTICE PUBLICATION
106
-
600
203 8.33%
213-46301-436100
INSURANCE - LIABILITY/PROPERTY/VEHICLE
1,224
1,664
1,680
1,668 1,650 -1.79%
213-46301-437100
PROPERTY TAXES
1,641
13,682
6,000
13,664 -100.00%
213-46301-438100
UTILITIES - GAS/ELECTRICITY
538
1,171
3,009 50 -
213-46301-438200
WATER/SEWER
1,110
1,180
728 750 --
213-46301-440100
REPAIR & MTC - BLDG & SYSTEMS
-
3,203
- -
213-46301-440200
REPAIR & MTC - FACILITIES MAINTENANCE
-
-
6,500
3,250 2,360 -63.69%
213-46301-443300
DUES, MEMBERSHIP & SUBSCRIP
5,796
4,996
9,850
7,9916 i'
39.09%
213-46301-461500
REDEVELOPMENT ACTIVITIES
14,571
-
108,246
213,285 134,691424.44%
213-46301-443990
MISCELLANEOUS OTHER EXP
301,172
331,498
1,000
303,182 1,078
7.80%
213-46301-451010
LAND
-
-
-
- - ---
213-46301-472030
OPERATING TRANSFER OUT
-
-
213-46500-430400
PROF SRV - LEGAL FEES
-
866
-
-
---
213-46601-443990
MISCELLANEOUS OTHER EXP
190,000
-
-
-
---
TOTAL EXPENDITURES
$ 735,350
$ 527,696
$ 425,000
$ 794,140 $ 450,000
5.88%
EDA Agenda: 12/14/22
7. Consideration of Update of EDA's Legal and Financial Advisory Consultant 2023 Fee
Rates (JT)
A. REFERENCE AND BACKGROUND:
This item is presented to the EDA as an update of the fee rates for the legal and financial
advisory consultants used by the EDA for development project contracts, TIF District and
model analysis, and program policy review. The attached materials in Exhibits A and B
provide information regarding the service fee rates for Kennedy & Graven, Chartered,
and Northland Securities, Inc.
As can be seen in the Exhibit A, Kennedy and Graven is implementing a very modest
2023 fee increase in the range of 2 to 3 percent for direct bill services and 8 to 12 percent
for pass through services. Northland Securities 2023 billing rate shown in Exhibit B is
increasing at approximately 5 percent to $225 per hour versus the previous year hourly
rate of $215 per hour.
The EDA identifies specific line items in its annual General Fund budget for these
services every year. Oftentimes, developers, pay a significant portion of the fees billed to
the EDA by both of these consultants.
Al. Staff Impact: The Economic Development Manager has minimal time in
gathering the information related to the consultant fees and presenting to the
EDA.
A2. Budget Impact: There is a minimal budget impact in review of the 2023 legal and
financial advisory fees rates.
B. ALTERNATIVE ACTIONS:
1. No motion is needed; this item is for review only.
2. Motion of other as determined by the EDA.
C. STAFF RECOMMENDATION:
This item is for review only. No approval is needed. The City Council adopts rates as part
of their hearing and review on the full ordinance for fee schedule for 2023. Staff believe
that the policy makers should have an awareness of the consultant fee rates. If the EDA
desires to meet with the consultant staff in the near future to discuss scope of work and
fees, that can be arranged at a time of mutual convenience.
SUPPORTING DATA:
A. Kennedy & Graven 2023 Fees
B. Northland Securities 2023 Fees
Hayden Stensgard
From:
Fiorini, Gina A.
Sent:
Thursday, December 1, 2022 3:20 PM
To:
Jim Thares; Angela Schumann
Subject
RE: Request for 2023 Billing rate adjustments -changes for 2023
Hi Jim,
Thanks!, I hope you had a wonderful Thanksgiving too! Congratulations to both of you on the Headwaters closing!
Below are our current hourly rates and our proposal for adjusted rates commencing January 1.
Type of Service
Existing Rate
Proposed Rate - 2023
Economic Development
$220 shareholder
$225 shareholders
Matters/Non Pass-through
$200 associates
$205 associates
$127 paralegals
$130 paralegals
Economic Development
$250 shareholders
$280 shareholders
Matters/Pass-through to
$210 associates
$225 associates
developers
$147 paralegals
$150 paralegals
In going through old bills, it looks like our pass-through rate has not increased since at least 2019 which is the reason for
the larger jump in that rate. I'd be happy to answer any questions or explain why we believe these rates are reasonable.
Please let me know if you have any questions.
-Gina
Gina Fiorini
Kennedy & Graven, Chartered
150 South 5th Street, Suite 700
Minos hs, MN 55402
Phare note that our addrerr has rr e # changed
From: Jim Thares
Sent: Monday, November 28, 2022 6:22 PM
To: Tammy Omdal ; Fiorini, Gina A.
Subject: Request for 2023 Billing rate adjustments -changes for 2023
Hi Gina and Tammy. I hope you are both doing well after the Thanksgiving break. Is it possible to get the billing rate
adjustments -changes for CY 2023 to provide to the EDA as an information update? Lmk. Thank you.
NORTHLAND
s -r!@' PUBLIC FINANCE
Sent Via Email
November 29, 2022
Jim Thares
Tim.Thares@ci.monticello.mn.us
Monticello Economic Development Authority (EDA)
505 Walnut Street, Suite 1
Monticello, MN 55362
RE: Planning Services to Monticello EDA
Dear Jim:
Northland Public Finance, a division of Northland Securities, Inc. appreciates the opportunity
to continue our services to the Monticello Economic Development Authority (the "EDA"). We
value the work that we have done with the EDA in the past and look forward to the
opportunity to continue to provide excellent service. Northland desires to furnish planning
services to the EDA as described in this letter.
PLANNING SERVICES
Examples of the type of planning services Northland may provide to the EDA include the
following, but not limited to:
■ Creation and management of tax increment financing districts.
■ Creation and management of tax abatement programs.
■ Preparation of tax increment financing payment calculations and annual reporting to the
State Auditor.
■ Review and evaluation of proposals for public financial assistance for private
development.
■ Assistance with the negotiation and management of development agreements.
■ Creation of strategies and/or policies for the implementation of development and
redevelopment projects.
COMPENSATION
For calendar year 2023, planning services are proposed to be billed at a rate of $225 per hour.
For each project, at your request we will provide the EDA with a description of work to be
performed and a cost of services. We will not bill for costs -in -excess of the stated amount unless
the EDA agrees to a revised scope of work and budget.
150 South Fifth Street, Suite 3300, Minneapolis, MN 55402
Member FINRA and SIPC I Registered with SEC and MSRB
Monticello EDA
November 29, 2022
Page 2 of 2
We will not surprise the EDA with unexpected billing. We will not seek compensation for
services not under contract. Invoices will detail the work performed, requested compensation
for the period and show amounts previously billed and amount remaining under the approved
budget.
Thank you for the opportunity to submit this letter and for the opportunity to continue to
provide service to the EDA. I would be happy to answer any questions.
Sincerely,
NORTHLAND SECURITIES, INC.
r-r)� C��
Tammy Omdal
Managing Director
EDA Agenda: 12/14/22
8. Economic Development Manager's Report (JT)
A. MN -DEED Funding Awards - Innovative and Infrastructure Grant Programs: A recent news
bulletin from MN -DEED reveals the communities which were announced as receiving funding for
various projects. The BDPI (Business Development Public Infrastructure Grant Program) is a
potential future source of funding for the EDA to complete additional infrastructure
improvements in Otter Creek Business Park. City staff continue to monitor funding levels in this
program as well as the appropriate opportunity to apply for this funding. Summary reports
related to Manufacturers' Week events are also reported in the bulletin. Finally, the newly
formed Growth Loan Fund being rolled out by MN -DEED is summarized in the bulletin as well.
See Exhibit A.
B. MN -DEED Launch (Entrepreneurial -Start Up Funding Program) and the Small Business Credit
Initiative Program roll out: Two relatively new programs targeted to emerging and start-up
businesses and those needing additional capital to expand were announced in early November
2022. See Exhibit B.
C. Facade Funding Update -Discussion: For the benefit of the EDA Commissioners, staff would like
to review the Fagade funding process and as well as the status of recently received applications
and the potential need for one-time bid requirement waivers - See Exhibit C.
D. Block 52 Update and Progress Photos: Construction work continues on the mixed use
residential commercial building in Block 52. The progress photos were taken at 10:30 a.m. on
December 8, 2022. See Exhibit D.
E. A downtown core area street design and parking layout option has been selected by the City
Council. Bolton and Menk the consulting engineering firm completed a report with the design
options and presented it to the City Council in a workshop meeting on November 28, 2022.
To access the Bolton and Menk Report, see the link below
Bolton-Menk = https://www.ci.monticello.mn.us/AgendaCenter/ViewFile/Item/538?f-ileID=6432
EDA Agenda: 12/14/22
F. Prospect List Update: See Exhibit E.
G. EDA Commission Appointments and Opening Update: January 2023 will result in an opening
for an EDA Commissioner position due to Tracy Hinz winning a Council seat position. Her former
EDA commissioner position will need to be posted and filled in January. The EDA typically
interviews the applicant candidates and the makes a recommendation to the City Council for
appointment -ratification. Presuming that is the process that you want to follow again, it is
tentatively contemplated that interview dates would need to be scheduled in mid-January to
allow for the Council to appoint the position at its second January meeting. If this timeframe is
not optimal, the interviews could occur in late January or early February with a goal of providing
a recommendation to the Council for approval and swearing in of the new member for the
February 22, 2022 meeting or the March 8, 2023 meeting.
Ua
Hayden Stensgard
From: DEED Communications <MNDEED@public.govdelivery.com>
Sent: Sunday, November 6, 2022 1:57 AM
To: Jim Thares
Subject: Minnesota Department of Employment and Economic Development Weekly Digest
Bulletin
tinitEMPLOYMENT AND
ECONOMIC DEVELOPMENT
Six Minnesota Cities Awarded More Than $5 Million in
Innovative Business and Infrastructure Grants
10/31/2022
For Immediate Release
Alicia Cordes -Mayo
763-406-9965
alicia.cordes-mayo@state.mn.us
1
Oct. 31, 2022
Media Resources
Previous Announcements
Six Minnesota Cities Awarded More Than $5 Million
in Innovative Business and Infrastructure Grants
Five greater Minnesota cities awarded Infrastructure Grants; City
of Dayton awarded Innovative Business Grant to support public
infrastructure improvements for a new Graco, Inc. Facility
St. Paul —The Minnesota Department of Employment and Economic Development
(DEED) has awarded $3,322,579 in grants to infrastructure projects in Greater
Minnesota, and $2,035,101 to fund an infrastructure project for innovative business
development in the city of Dayton.
"Investing in infrastructure is one of the best ways that cities can lay the groundwork
for future economic success," said DEED Commissioner Steve Grove. "These grants
will help communities expand their tax base and speed up their growth."
The funding awarded through DEED's Greater Minnesota Business Development
Public Infrastructure Grant Program (BDPI) was approved for Moorhead, Cokato,
Braham, Isle, and St. Michael. It is expected to retain and create 339 full-time jobs
and prepare these cities for future growth. The BDPI grant program supports
communities outside the Twin Cities metropolitan area. Under the program, DEED
2
awards 50% of eligible capital costs for the qualifying public infrastructure projects.
These projects include streets, wastewater collection and treatment, drinking water,
storm sewers, and more.
Dayton's public infrastructure funding was awarded through DEED's Innovative
Business Development Public Infrastructure Grant Program (IBDPI). The IBDPI grant
program supports communities by funding new public infrastructure necessary for
innovative businesses to locate or expand in Minnesota. Projects must create and/or
retain jobs in the area, increase the tax base and enhance economic development for
the area.
The following is a breakdown of the funding:
Braham - $135,337
The city of Braham was awarded $135,337 to construct a street and utilities extension
within their industrial park that will create four lots. The city estimates 40 jobs will be
created and an increase of $2,000,000 in taxable value for the area in 5 years. The
total cost of the infrastructure project is $270,674.
Cokato - $376,500
The city of Cokato was awarded $376,500 to construct streets and utilities in a new
industrial park that will create five new lots. Minkkinen Iron is seeking to expand their
current operation and construct a new 18,000 square foot, $2 million steel fabrication
facility in the new industrial park. The city expects the industrial park will assist in
retaining and creating 54 jobs and increasing the taxable value of the area by $2.4
million in 5 years. The total cost of the infrastructure project is $753,500.
Isle- $201,022
The city of Isle was awarded $201,022 to construct streets and utilities for a new 17
acre industrial park. Doppler Gear plans to expand their current operations with two
new buildings. The city expects a total of 12 jobs retained and 38 new jobs in the park
within 5 years. The city estimates an increased tax base of $1.4 million. The total cost
of the public infrastructure project is $652,020.
Moorhead - $2,000,000
The city of Moorhead was awarded $2,000,000 to construct streets and utilities
within the MCCARA Industrial Park. The city expects five businesses to locate on the
proposed lots within 5 years. It is expected that the businesses will create more than
45 jobs and increase the taxable value of the area by $4.6 million. The total project
cost is $4.3 million.
St. Michael - $609,720
The city of St. Michael was awarded $609,720 to construct a street and utilities for a
new 39 -acre business park. The business park will have at least four lots and the city
expects that 4 businesses will invest $36 million and create 150 jobs within five years.
They also expect the taxable value of the land will increase by $22 million. The
infrastructure project will cost $1,219,440.
Dayton - $2,035,101 (IBDPI)
The city of Dayton was awarded $2,035,101 to support public infrastructure
improvements for a new Graco, Inc. facility. The project is expected to retain and
create 150 full-time jobs and expand Graco's Minnesota footprint. Graco has
developed and continues to develop groundbreaking technologies in transverse flux
electric motors, as well as in a variety of fluid handling and controls application. Graco
has 1,700 patents worldwide, approximately 1,400 of which were issued from
business units in Minnesota, and has additional facilities in Minneapolis, Anoka, and
Rogers.
Eligible applicants for the BDPI grant program include counties outside of the seven -
county metropolitan area or statutory or home rule cities outside of the seven -county
metropolitan area. Eligible projects include publicly owned infrastructure that
supports economic development projects, including wastewater collection and
4
treatment, drinking water, storm sewers, utility extensions, and streets. Economic
development projects include manufacturing, technology, warehousing and
distribution, research and development, agricultural processing, and industrial park
development.
Eligible applicants for the IBDPI grant include counties, cities, towns, special districts,
public higher education institutions, or other political subdivisions or public
corporations in Minnesota. Funds from this program can be used for public
infrastructure that includes wastewater collection and treatment systems, drinking
water systems, storm sewers, utility extensions, telecommunications infrastructure,
streets, roads, bridges, parking ramps, facilities that support basic science technology
and clinical research, and research infrastructure.
DEED is the state's principal economic development agency, promoting business
recruitment, expansion and retention, workforce development, international trade
and community development. For more details about the agency and its services, visit
the DEED website, the JoinUsMn.com website, or follow us on Twitter.
Upon request, this information can be made available in alternate formats for people
with disabilities by contacting the DEED Communications Office at 651-259-7161.
An inspiring discussion to wrap up Manufacturing Month
10/31/2022
An inspiring discussion to wrap up Manufacturing Month
Today, DEED wrapped up Manufacturing Month with an inspiring virtual roundtable
event featuring manufacturing industry leaders from across the state.
Governor Tim Walz proclaimed October as Manufacturing Month because
manufacturing is the backbone of Minnesota's economy:
• Manufacturing accounted for $56 billion or 14% of the state's gross domestic
product and provided more than 310,000 jobs or 11.3% of statewide
employment in 2021.
• Workers took home $23.4 billion in wages from Minnesota manufacturing jobs in
2021, the second-largest total payroll among private sector industries. Average
annual wages for workers in manufacturing are $74,630, 10% higher than across
all industries in Minnesota.
• Demand for manufacturing workers is strong — and competition for workers is
intense because of our current historically tight labor market. From September
2021 to September 2022, manufacturing posted 15,937 additional jobs in
Minnesota, up 5.1% over the year, compared to 3.7% nationally. Demand for
manufacturing workers is projected to remain strong: Minnesota is expected to
have more than 75,000 job openings for manufacturing production positions
alone through 2030.
Today's virtual event, hosted by DEED Commissioner Steve Grove, highlighted the critical
importance of manufacturing to Minnesota's economy. It was also a great opportunity to
hear from manufacturing industry leaders from across the state.
Here are some highlights of what those manufacturing leaders shared today.
Traci Tapani, owner of Wyoming Machine in Stacy highlighted the need for accessible
and affordable housing and child care to help more people move into the workforce and
into manufacturing careers. She also stressed that during our extremely tight labor
market we need "all hands on deck," so more needs to be done bring women, young
people, people with disabilities, immigrants and formerly incarcerated people into the
workforce.
"There are some businesses in our economy where hiring someone who was formerly
incarcerated is difficult, but in manufacturing there is no reason someone who has been
incarcerated can't work in production job and be very successful at it," she said. Tapani
went on to say that Wyoming Machine has several formerly incarcerated people on staff
and they are great contributors and co-workers.
Mark Petersen, operations manager at ITW Heartland in Alexandria and president of
the Tri-State Manufacturers Association, said one of the biggest hiring challenges
manufacturers face is getting parents to support their children in moving into the field.
"When we show the parent and the child around the shop, and ask them, 'is this what
you thought it would look likeT they say, 'oh no, look, it's clean and look at this fancy
stuff!"' Petersen said. "Getting the kids in front of our senior machinists that know how
to program and set up a run and showing them on the computer how they build a
program out of a solid model ... that's what gets them excited."
Wade Karnes, owner of Zakobe LLC in Bovey and president of the Arrowhead
Manufacturers and Fabricators Association, remarked that that, "we need better
communication between the [career and technical education] system and
manufacturers." Karnes said area manufacturers are excited about the CTE Jamboree
coming up on November 17 at St. Michael -Albertville High School that aims to do just
that. Reaching kids in high school is critical to connecting with potential future
employees in the area, Karnes said.
Lance Louis, president and CEO of Louis Industries in Paynesville and vice president of
the Central Minnesota Manufacturers Association, said youth apprenticeship programs
have been hugely successful for his company and that two of his key staff came up
through the ranks after starting as youth apprentices. But a challenge is keeping more of
the workers they train.
"With a lot of these training programs, us as employers are putting a tremendous
amount of resources into training people — for the youth apprenticeship, 50 hours of
safety training and 700 hours of youth skills programs — then they leave to go down to
metro area for better pay," said Louis, who is also a member of the Governor's
Workforce Development Board. "I think we need to take a hard look at, how do we keep
these people on the job site with the employers that are spending the time and effort
training them."
Les Engel, owner of Engel Metallurgical in Sauk Rapids and president of the Central
Minnesota Manufacturers Association, said every manufacturer he talks to is facing the
same challenges finding workers with the necessary skills. "If we can figure out a way for
people to get this basic training then when they show up they have a chance to be
hired," he said.
George Chapple, training manager at Daikin in Owatonna, agreed that basic skills
training is needed both in high school curricula and in community education
opportunities. "We did a needs assessment across the board and we've identified what
are those skills sets, and we incorporated that into our new hire orientation," he said.
"We call it our common skills modules, and that includes hand and power tools, wiring
and schematics, blueprint interpretation and precision measurement... common skills
almost everyone on the production floor needs to master."
Steve Kalina, president and CEO at the Minnesota Precision Manufacturing Association
in Plymouth, spoke about how automation can be a game changer for even small
manufacturers by filling roles where employers can't find workers and being able to offer
higher wages to higher skilled employees they do hire.
"Automation is not replacing jobs, it's replacing open positions that we can't fill with
people," he said. "It's automating the set-up, automating the work holding, automating
the inspection... so instead of having a machinist sit and inspect or sit and load, the
machinist is focusing on the programming or running the automation or problem
solving." Kalina hopes the state can do more to get the word out about training
programs that could help more manufacturers upskill staff to expand automation in their
shops.
Nicole Hiller, HR manager at Dotson Iron Castings in Mankato, noted that her company
has been participating in the Tour of Manufacturing for many years,and that this year
they had 200 high school students come through their metal casting shop. She also
shared how community engagement is so important in being a great place to work.
Hiller recounted how Dotson had a fire several years ago that shut down production for
five weeks and during that time "we worked with community partners sending out team
members to work with nonprofits and team members got paid full work weeks and
those folks were committed to that and enjoyed the opportunity to get out and give
back to the community they live and work in."
DEED is working to help address workforce challenges, meet training needs and more.
We are focused on helping connect people who need work with the employers who
need them. DEED engaged in intensive outreach around the state through the Summer
of Jobs campaign to help showcase the thousands of jobs available throughout
Minnesota. DEED also connects eligible job seekers with training they need to help
prepare themselves for work in manufacturing through our employment and training
programs.
And DEED helps manufacturing employers upskill new and existing employees through
Minnesota Job Skills Partnership grants, which provide up to $400,000 for training
developed and delivered by an accredited Minnesota education institution to meet
specific business needs. Plus, DEED provides funding for employee training in
automation through the Automation Training Incentive Program, which provides grants
of up to $35,000 available to small businesses in the manufacturing industry to train
incumbent workers as quickly and effectively as possible on new automation technology.
DEED offers incentives for the creation of good manufacturing jobs through the
Minnesota Investment Fund and the Job Creation Fund. Coming soon, DEED will be
offering gap financing loans through the State Small Business Credit Initiative (SSBCI)
Automation Loan Participation Program.
View a recording of today's Manufacturing Month roundtable discussion.
Access DEED's Small Business Hub.
View Manufacturing Month resources which will live on after October ends.
DEED Developments Blog
Subscribe to receive more information from DEED.
Tomorrow: Join us for Workforce Wednesday!
11/01/2022
Building Bridges: DEI as an Effective Recruitment,
Retention & Sustainability Strategy: American Indian
Workforce
Wednesday, Nov. 2
11 a.m. to 12 p.m.
12 p.m. to 12:30 p.m. Unplugged - Q & A
10
Register now
Nearly 80,000 Minnesotans identify as American Indian or Alaska Natives, with seven
Ojibwa tribal nations and four Lakota tribal nations located in our great state. In addition,
Minnesota has urban communities that are home to native people and cultures. In fact,
the Phillips neighborhood of Minneapolis has one of the highest percentages of
population who identify as American Indian and Alaska Native of any community in the
U.S. The Native cultures of Minnesota are rich with cultural, spiritual, and geographic
variety. Celebrating and championing this uniqueness within our organizational cultures
and operations is an important step in growing healthy and sustainable communities.
Join us for an engaging discussion around strategies that support and strengthen our
American Indian Workforce. We will explore resources available on a state and local level,
and provide opportunities to connect with community builders who are already invested
in our Native communities and workforce. We will also talk with organizations that are
currently succeeding at building meaningful connections between our Indigenous and
non -Native neighbors, and who are doing the work to strengthen and sustain these
valuable relationships. Hear from our panel of subject matter experts on how DEI
strategies not only benefit us as employers but provide a roadmap of sustainability for our
local economies and communities as well.
Panelists for the Nov. 2 discussion include:
Kirk Crowshoe — Native American Liaison, Department of Employment and
Economic Development
Raymond Douha — Director of Veterans Services, Department of Employment and
Economic Development
Hannah Smith —JEDI Fellow, the Region 5 Economic Development Commission
Be sure to check out our optional "Workforce Wednesday: Unplugged" immediately
following the event for an extra 30 minutes of Q & A and the opportunity to turn your
camera on, unmute yourself, and ask questions directly to the Regional Workforce
Strategy Consultants, as well as the session's panelists. This event will be recorded and will
be made available for viewing after the event.
For general questions and accommodation requests, please
email: lames.whirlwindsoldier@state.mn.us
Past Workforce Wednesday Session Resources
Workforce Wednesday takes place the first Wednesday of every month. You can see a
recording of the October session here.
11
Check out all the great employer resources available to you at
CareerForceMN.com/WorkforceWednesday
Stay in the Know!
Be sure to sign up for email updates from your Workforce Strategy Consultant Team!
Thank you!
Your Workforce Strategy Consultant Team
For general questions and accommodation requests, please email
iames.whirlwindsoldier@state.mn.us.
DEED Launches Second Small Business Funding Stream
11/01/2022
For Immediate Release
Alicia Cordes -Mayo Nov. 1, 2022
763-406-9965 Media Resources
alicia.cordes-mayo@state.mn.us Previous Announcements
DEED Launches Second Small Business Funding
Stream
Growth Loan Fund Provides Funding for Early -Stage Businesses
12
St. Paul —Today, the Minnesota Department of Employment and Economic
Development (DEED) launched the Growth Loan Fund as part of the recently
announced $97 million through the State Small Business Credit Initiative (SSBCI) from
the U.S. Department of the Treasury. This new program provides direct loans from
DEED to technologically innovative seed- and early-stage businesses.
"New technology startups are central to Minnesota's overall competitiveness, and
this funding will help more Minnesotans build the next big thing," said DEED
Commissioner Steve Grove. "The funding will have a significant impact for startups
around the state who need it most — especially entrepreneurs of color, women and
veterans who are building the future of our economy."
The federal government has approved Minnesota for up to $97 million in small
business financing support, which allows DEED to carry out its commitment to help
small businesses grow and succeed. The Growth Loan Fund supports entrepreneurial
growth throughout Minnesota.
Businesses seeking funding through this program need to be engaged in, or be
committed to engage in, technological innovation in Minnesota. Qualified high-
technology fields include: aerospace, agricultural processing, renewable energy,
energy efficiency and conservation, environmental engineering, food technology,
cellulosic ethanol, information technology, materials science technology,
nanotechnology, telecommunications, biotechnology, medical devices,
pharmaceuticals, diagnostics, biologicals, chemistry, veterinary science, or similar.
The primary business activity must include one or more of the following:
• Using proprietary technology to add value to a product, process or service in a
qualified high-technology field
• Researching or developing a proprietary product, process, or service in a
qualified high-technology field
• Researching, developing, or producing a new proprietary technology for use in
the fields of agriculture, tourism, forestry, mining, manufacturing, or
transportation
13
• Researching or developing a proprietary product, process or service in the
fields of agriculture, tourism, forestry, mining, manufacturing, or
transportation (no technology component required)
Informational webinar
Businesses interested in participating in the Growth Loan Fund Program are invited to
loin a webinar with DEED officials on Friday, November 4 at 1:00 p.m.
Applicants must be seeking equity investments in a funding round that includes at
least one venture capital fund or accredited investor. Loans range from $100,000 to
$400,000 based on 20% of the total investment in the defined funding round, not to
exceed 12 months subsequent to loan approval. The business must complete at least
70% of the proposed equity raise to remain eligible for the loan.
DEED is now accepting applications from businesses seeking financing from the
program.
Eligible businesses must meet one of the following criteria: 1) been certified to
participate in the Angel Tax Credit (ATC) Program; 2) be identified by a venture or
angel fund for investment; or 3) be identified by an individual accredited investor for
investment. Launch Minnesota grantees are strong candidates for this funding.
Loan Guarantee Launched
In October, DEED opened the Loan Guarantee program for banks and Community
Development Financial Institutions (CDFI) to apply to be enrolled lenders. DEED has
allocated $12.5 million for the program with $4 million available in the first
disbursement. Interested banks and CDFI's may apply here. DEED will post enrolled
lenders on the website.
More SSBCI programs coming throughout the fall
The other small business funding streams launching in the weeks ahead include
automation loans and purchased loan participations. Additionally, a partnership with
14
the University of Minnesota will provide opportunities for direct investment venture
capital and venture capital fund investments.
Bringing it all together: a new online Small Business Hub
To help small businesses and startups navigate these new programs and understand
the breadth of DEED's existing resources for small businesses, the agency recently
launched a new online Small Business Hub. The Hub is designed to help
entrepreneurs navigate agency resources to start and grow their businesses. It
provides resources and expertise for small business owners looking to launch in
Minnesota, along with a comprehensive list of DEED program offerings to help
entrepreneurs thrive.
It can be found at joinusmn.com/smalIbusiness.
The creation of one-stop shop resources was one of the recommendations of the
Governor's Council on Economic Expansion, which advocated for increased focus
from the agency to help small business growth. That recommendation will remain a
key priority of the Walz -Flanagan administration across the enterprise.
For more information about SSBCI, visit Treasury's SSCBI page or learn more at DEED.
About the State Small Business Credit Initiative
SSBCI was part of the American Rescue Plan Act (ARPA) of 2021 and included $10
billion for state, territory and tribal business finance programs. This is the second
SSBCI initiative — Minnesota received $15 million through the Small Business Jobs Act
of 2010.
DEED is the state's principal economic development agency, promoting business
recruitment, expansion and retention, workforce development, international trade
and community development. For more details about the agency and its services, visit
the DEED website, the JoinUsMn.com website, or follow us on Twitter.
15
Upon request, this information can be made available in alternate formats for people
with disabilities by contacting the DEED Communications Office at 651-259-7161.
DEED launches Growth Loan Fund to provide funding for
early-stage businesses
11/01/2022
DEED Launches Growth Loan Fund to provide
funding for early-stage businesses
The Minnesota Department of Employment and Economic Development (DEED)
launched the Growth Loan Fund today as part of the recently announced $97
million through the State Small Business Credit Initiative (SSBCI). This program
provides direct loans from DEED to technologically innovative seed- and early-
stage businesses.
The federal government has approved Minnesota for up to $97 million in small
business financing support, which allows DEED to carry out its commitment to help
small businesses grow and succeed. The Growth Loan Fund supports
entrepreneurial growth throughout Minnesota.
DEED is now accepting applications from businesses seeking financing from the
program.
Informational webinar
Businesses interested in participating in the Growth Loan Fund Program are invited
to join a webinar with DEED officials on Friday, November 4 at 1:00 p.m.
Applicants must be seeking equity investments in a funding round that includes at
least one venture capital fund or accredited investor. Loans range from $100,000
to $400,000 based on 20% of the total investment in the defined funding round,
16
not to exceed 12 months subsequent to loan approval. The business must
complete at least 70% of the proposed equity raise to remain eligible for the loan.
Eligible businesses must meet one of the following criteria: 1) been certified to
participate in the Angel Tax Credit (ATC) Program; 2) be identified by a venture or
angel fund for investment; or 3) be identified by an individual accredited investor
for investment.
To qualify for funding through the Growth Loan Fund, businesses need to be
engaged in, or be committed to engage in, technological innovation in Minnesota.
The primary business activity must include one or more of the following:
• Using proprietary technology to add value to a product, process or service
in a qualified high-technology field;
• Researching or developing a proprietary product, process, or service in a
qualified high-technology field;
• Researching, developing, or producing a new proprietary technology for
use in the fields of: agriculture, tourism, forestry, mining, manufacturing, or
transportation; or
• Researching or developing a proprietary product, process or service in the
fields of agriculture, tourism, forestry, mining, manufacturing, or
transportation (no technology component required).
More SSBCI programs coming throughout the fall
The other small business funding streams launching in the weeks ahead
include automation loans and purchase loan participations. Additionally, a
partnership with the University of Minnesota will provide opportunities for direct
investment venture capital and venture capital fund investments.
Bringing it all together: a new online Small Business Hub
To help small businesses and startups navigate these new programs and
understand the breadth of DEED's existing resources for small businesses, the
agency recently launched a new online Small Business Hub. The Hub is designed to
help entrepreneurs navigate agency resources to start and grow their businesses.
It provides resources and expertise for small business owners looking to launch in
Minnesota, along with a comprehensive list of DEED program offerings to help
entrepreneurs thrive.
It can be found at joinusmn.com/smalIbusiness.
The creation of one-stop shop resources was one of the recommendations of the
Governor's Council on Economic Expansion, which advocated for increased focus
17
from the agency to help small business growth. That recommendation will remain
a key priority of the Walz -Flanagan administration across the enterprise.
For more information about SSBCI, visit Treasury's SSCBI page or learn more at
DEED.
Find and Pay for STEM Interns with Free Funding
11/03/2022
SciTech
INTERNSHIP PROGRAM_..
Building Minnesota's STEM workforce one internship at a time
Free Resource to Find and Pay for STEM Interns
Your small company can build its future workforce, source great talent AND access a wage match to
cover 50% of a college STEM intern's wages through the SciTech Internship Program.
• Employers receive a wage match of 50% of the intern's wages, worth up to $2,500.
• SciTech is free for students and small employers.
• At least 200 wage matches are available on a first-come, first -hire basis.
• Industries include tech, biotech, engineering, manufacturing, energy, aerospace, ag and more!
Want to know more? Check out this short recording to see how the program works. You'll hear directly
from employers that have used the SciTech program about their experiences.
To apply, go to SciTechMN.or�
18
Questions? Contact the SciTech Program Director at the Minnesota Technology Association:
Becky Siekmeier
SciTech is a state funded workforce development program.
Reminder of Tomorrow's Webinar for Early Stage Businesses
11/03/2022
Growth loan Fund Webinar Details
The Minnesota Department of Employment and Economic Development (DEED)
launched the Growth Loan Fund this week as part of the recently announced $97
million through the State Small Business Credit Initiative (SSBCI). This program
provides direct loans from DEED to technologically innovative seed- and early-
stage businesses.
Informational webinar
Businesses interested in participating in the Growth Loan Fund Program are
invited to loin a webinar with DEED officials on Friday, November 4 at 1:00 p.m.
Applicants must be seeking equity investments in a funding round that includes at
least one venture capital fund or accredited investor. Loans range from $100,000
to $400,000 based on 20% of the total investment in the defined funding round,
not to exceed 12 months subsequent to loan approval. The business must
complete at least 70% of the proposed equity raise to remain eligible for the loan.
Eligible businesses must meet one of the following criteria: 1) been certified to
participate in the Angel Tax Credit (ATC) Program; 2) be identified by a venture or
angel fund for investment; or 3) be identified by an individual accredited investor
for investment.
To qualify for funding through the Growth Loan Fund, businesses need to be
engaged in, or be committed to engage in, technological innovation in Minnesota.
The primary business activity must include one or more of the following:
19
• Using proprietary technology to add value to a product, process or service
in a qualified high-technology field;
• Researching or developing a proprietary product, process, or service in a
qualified high-technology field;
• Researching, developing, or producing a new proprietary technology for
use in the fields of: agriculture, tourism, forestry, mining, manufacturing, or
transportation; or
• Researching or developing a proprietary product, process or service in the
fields of agriculture, tourism, forestry, mining, manufacturing, or
transportation (no technology component required).
DEED is now accepting applications from businesses seeking financing from the
program.
Limited Space Available! Join our Minnesota Delegation at
Arab Health 2023
11/03/2022
INNESOTw
EMPLOYMENT AND MEDICAL
M�
ECONOMIC DEVELOPMENT ALLEY
117/
III �
Join the Minnesota Booth at Arab Health!
January 30 - February 2, 2023
Dubai World Trade Centre, UAE
Do you have medical products to sell? The Middle East is buying!
Arab Health brings healthcare decision -makers from across the world together to learn, network
and collaborate for a more sustainable, positive impact industry. By attending, exhibitors receive the
20
opportunity to showcase innovative products and solutions to more than 57,000 healthcare and
trade professionals from 170 countries.
Co -Exhibitor Benefits
• Shared exhibit space at the Minnesota booth. Booth will be staffed, giving you free time to
walk the show floor or a dozen other exhibit halls.
• One display counter with company logo recognition, per co -exhibitor.
• One trade show pass included. Additional passes subject to availability.
• USA Pavilion meeting space amenities.
• A basic listing in the show online directory.
How to Apply, Questions about travel, health safety, and exhibiting?
Contact: Aeli Wiebolt, International Marketing Specialist & STEP Grant Administrator + Protocol
Officer
Aeli.Wiebolt@state.mn.us
651-336-2650
Questions? Contact Us
fl 1
SUBSCRIBER SERVICES:
Manage Preferences I Unsubscribe I Help
DEED is an equal opportunity employer and program provider.
This email was sent to jim.thares@ci.monticello.mn.us using GovDelivery Communications Cloud on behalf of: Minnesota
Department of Employment and Economic Development - 332 Minnesota Street Suite E-200 - Saint Paul, MN 55101 - (800) 657-
3858
21
�OVDFLIVERY50
Hayden Stensgard
From: DEED Communications <MNDEED@public.govdelivery.com>
Sent: Sunday, October 30, 2022 11:43 AM
To: Jim Thares
Subject: Minnesota Department of Employment and Economic Development Weekly Digest
Bulletin
Launch Minnesota Awards Over $1 M in Innovation Grants to
Startups
10/25/2022
For Immediate Release
Alicia Cordes -Mayo Oct. 25, 2022
aIicia.cordes-mayo@state.mn.us Media Resources
Previous Announcements
Launch Minnesota Awards Over $1M in Innovation
Grants to Startups
43 startups receive Innovation Grant funding
Aimee barza is the Founder and CEO of Coravie Medical, a Twin Cities -based company that received both a Business Operations
grant and SBIR/STTR matching grant this round.
St. Paul —Today the Minnesota Department of Employment and Economic
Development (DEED) announced $1,189,500 in Launch Minnesota Innovation Grant
awards to startups across the state. The grants were awarded to 43 startups, over
half of which are led by entrepreneurs of color, veterans, women, or located in
Greater Minnesota.
Launch Minnesota Innovation Grants target the most promising, innovative and
scalable technology businesses in Minnesota. The grants help reduce the risk for
Minnesota technology startups and entrepreneurs who are solving problems and
growing the state's innovation ecosystem.
"The launch of new technology startups is central to Minnesota's overall
competitiveness, because our startup ecosystem has an outsized impact on our
state," said DEED Commissioner Steve Grove. "These grants encourage more
Minnesotans to build the next big thing — creating jobs and opportunities in industries
of the future."
Since its inception during the 2019 legislative session, Launch Minnesota has awarded
245 Innovation Grants totaling $6M to 176 unique grantees — accelerating the growth
of startups and amplifying Minnesota as a national leader in innovation.
The program has $3M this biennium, $1.5M each fiscal year to provide grants to high-
growth startups. Launch Minnesota has $310,500 remaining this fiscal year, which
ends June 2023.
"Putting capital in the hands of founders is making a difference," said Launch
Minnesota Executive Director Neela Mollgaard. "These businesses are growing and
solving big problems that will define our state's next chapter."
Innovation Grants include business operations, which provide up to $35,000 for
research and development, direct business expenses and technical assistance, and
Small Business Innovation Research / Small Business Technology Transfer (SBIR/STTR)
Matching Grants, for first time Phase I and Phase II awardees and that are based on
sliding scales of their federal awards. Businesses are eligible to receive one of each
grant over the two-year period.
The following companies received grants:
Adapt Design Works LLC (Business Operations): Developing an app -connected system
that monitors and prevents pressure injuries for wheelchair users.
Agitated Solutions Inc (Business Operations): Provides agitated saline as contrast
during ultrasound procedures.
Astrin Biosciences Inc (SBIR/STTR): Developing single -cell diagnostic tools and
precision therapies to transform cancer mortality.
Binary Bridge SBC (Business Operations): Bringing health equity and clinic
modernization to emerging economies with an innovative digital health records
system.
Bus Stop Mamas LLC (Business Operations): Workforce engagement tool that
provides businesses access to an untapped talent pool of educated stay-at-home
moms.
C Drager LLC (Business Operations): Online platform for farmers and independent
meat market producers to sell directly to consumers.
Canomiks Inc (SBIR/STTR): Developing an AI -based platform to test and certify
biological efficacy and safety for the food, beverage and dietary supplement industry.
Carba Inc (Business Operations): Permanently removes and buries large quantities of
carbon monoxide from the atmosphere.
Cerovations LLC (SBIR/STTR): Medtech development focused on neurosurgical,
urologic/gynecologic and cardiac inventions.
Clean Chickens and Co. LLC (Business Operations): Mobile Poultry Processing Unit
that is both USDA inspected and Halal Certified.
CoraVie Medical: (Business Operations and SBIR/STTR) Developing a subcutaneous,
continuous blood pressure monitor.
Daynamica Inc (SBIR/STTR): Application for collecting, processing and understanding
human activity and travel behavior data.
Detect Auto Inc (Business Operations): Computer vision -based analytics platform for
auto repair shops providing analytics and insights on shop performance with Al.
Empower Independence Company LLC (Business Operations): Developing a shower
system that enables individuals with physical limitations to provide self-care, increase
independence and enhance safety in the shower.
Exergi Predictive Inc (SBIR/STTR): Developing machine learning software products for
hybrid and electric vehicles.
Frontline Biotechnologies Inc (Business Operations): Researching a novel eDNA
sorbent kit for use as a diagnostic tool for aquatic disease and invasive species.
4
Hayaa LLC (Business Operations): Providing culturally appropriate sanitary wear for
Muslim healthcare workers.
Heart Failure Solutions Inc (Business Operations): Assisting heart failure patients that
have been diagnosed with heart failure with preserved ejection fraction.
Isola Therapeutics Inc: Business Operations and SBIR/STTR) Developing a local drug
delivery platform to treat lung cancer and esophageal cancer.
Loon Medical LLC (SBIR/STTR): Developing a mobile application with a quality -
controlled collection of clinical signs and outcome monitoring meant for infants and
preschoolers with respiratory illnesses.
MarPam Pharma LLC (SBIR/STTR): Developing a one-time treatment for HIV that
eliminates the need to take daily antiretroviral medications.
Morari Inc (Business Operations): Developed a chemical -free Bluetooth -enabled
wearable patch for the treatment of premature ejaculation.
NeuraWorkx Medical Technologies Inc (Business Operations): Developing a non-
invasive bioelectronic and digital health solution by enhancing the brain's glymphatic
system to slow its aging process.
Neurotype Inc (Business Operations): Researching and developing portable brain
sensing tools to support the recovery of people who struggle with substance use
disorders.
Nightware Inc (SBIR/STTR): Prescription digital therapeutic system for the reduction
of sleep disturbance related to nightmare disorder or nightmares from post-traumatic
stress disorder.
NovoClade Inc (SBIR/STTR): Working to bring chemical -free environmentally friendly
insect control to market.
Nucleic Sensing Systems LLC (SBIR/STTR): Developing technology for the autonomous
detection and verification of biological organisms.
Parkpoolr LLC (Business Operations): Offering modern parking management including
property management, advertising, payment collection and more.
REMastered Sleep LLC: (Business Operations and SBIR/STTR) Myofunctional therapy
water bottle providing a simple solution to improve airway health and get better
sleep.
Sasya Inc (SBIR/STTR): Developing low-cost, high -performing feed additives for the
swine feed market.
Sarcio Inc (Business Operations): Developing an osteoarthritis regenerative cell
therapy.
Shape Medical Systems Inc (SBIR/STTR): Validating new methods developed by Shape
to detect early-stage pulmonary arterial hypertension.
SIID Technologies LLC (Business Operations): Applies principles of machine learning
and data science to develop SaaS software products that mitigate algorithmic bias
within legal practices.
Superior Nano LLC (SBIR/STTR): Developing nano -dosage forms of drug molecules and
nano -drug delivery technology.
TearRestore Inc (Business Operations): At-home device replacing in -office treatment
for dry eye sufferers.
Tegnizan Inc (Business Operations): Offers a patented music earring that connects to
Bluetooth -enabled devices.
Tiumed LLC (Business Operations): Creating an electro -surgical device targeting
benign prostatic hyperplasia surgeries.
TriOxLLC (Business Operations): Developing an at-home appliance that sterilizers a
prosthetic sleeve.
TurnSignl Inc (Business Operations): On -demand legal guidance from an attorney to
drivers.
Weathervane Labs LLC (SBIR/STIR): App with personalized weather insights.
Visit LaunchMinnesota.org or the Launch Minnesota grants section of the DEED
website to learn more about grant opportunities, see a listing of grant recipients and
access application materials.
Launch Minnesota, spearheaded by the Minnesota Department of Employment and
Economic Development (DEED), empowers and elevates our state's innovation
ecosystem. By convening and catalyzing efforts statewide, Launch Minnesota helps
make Minnesota the best place to start and scale new ventures by providing access to
capital, statewide connectivity, and expertise. Find additional details
at LounchMinnesoto.org, the DEED website, and the JoinUsMn.com website, or follow
us on Twitter.
DEED is the state's principal economic development agency, promoting business
recruitment, expansion and retention, workforce development, international trade
and community development. For more details about the agency and its services, visit
the DEED website, the JoinUsMn.com website, or follow us on Twitter.
Upon request, this information can be made available in alternate formats for people
with disabilities by contacting the DEED Communications Office at 651-259-7161.
Announcing $97 Million in Small Business Financial Support
10/25/2022
FXI
Announcing $97 Million in Small Business Financial
Support
By: Commissioner Steve Grove
Last Friday, Governor Tim Walz and I announced nearly $100 million in new funding to
support small businesses through the State Small Business Credit Initiative (SSBCI) at
Flava Cafe in St. Paul. We were joined by Damon Jenkins, Senior Vice President and Twin
Cities Regional Market President of First Independence Bank; Lachelle Cunningham,
Board Co -Chair of the Neighborhood Development Center (NDC) and Chelles Kitchen
owner; Shaunie Grigsby, Founder and CEO of Flava Cafe; and Myron Frans, University of
Minnesota Senior Vice President for Finance and Operations.
At DEED, we have heard from hundreds of Minnesota businessowners about how to
make it easier to start a small business. One hurdle that comes up often is a persistent
gap in funding for businesses that are just getting started. We took this feedback and
identified six new funding streams to help fill the gaps facing small businessowners.
8
Now, help is on the way. The federal government has approved Minnesota for $97.5
million in small business funding through the State Small Business Credit Initiative
(SSBCI).
"Neighborhood entrepreneurs have great and beneficial ideas, and they want to invest in
their communities with their businesses," Cunningham said at Friday's event. "In turn,
we need to invest in them with access to services and resources such as the Small
Business Loan Participation program. NDC is excited to see local entrepreneurs receive a
new resource to support their businesses."
Based on research and dozens of listening sessions with stakeholders over the last year,
DEED is committed to addressing significant market gaps in financing with this funding.
Before the end of 2022, the agency will launch six Treasury -approved programs under
the new initiative to benefit small businesses. In most cases, businesses will access
funding through approved lenders or other external financial institutions.
"I've had numerous conversations with business owners across the state and a common
theme I've heard is, 'show me the money, where's the access to capital.' I'm excited and
fortunate to be part of this partnership because this is a reflection that we heard you,
we're listening," Jenkins said. "We're part of this ecosystem that will bring resources and
capital, to allow the businesses owners to grow, to scale, and put them on the path to
success and to be here for the long term. It also provides us additional reach and to be a
part of the community solution and make business owners that we serve, better. I'm
committed to continuing the conversations with the business owners and inquiring
about how we can continue to make this better and ensuring that they have access to
the resources."
The other small business funding streams launching in the weeks and months ahead
include loans to early stage technologically innovative businesses, automation loans and
purchase loan participations. In addition, a partnership with the University of Minnesota
will provide opportunities for direct investment venture capital and venture capital fund
investments.
"Entrepreneurs, especially women
and BIPOC entrepreneurs, need
access to capital and resources that
are right for them and their
businesses. Through community
support, the Neighborhood
Development Center, and
programs such as these, I've had
the opportunity to start and
develop my business into what it is today," Grigsby said at Friday's event.
The Walz -Flanagan Administration is deeply committed to helping small businesses grow
and succeed in Minnesota. That's why we're also unveiling our new online Small
Business Hub to help entrepreneurs start and grow their small businesses. The Hub
provides details on our upcoming SSBCI programs, as well as resources and expertise for
small business owners looking to launch in Minnesota.
The new Hub can be found at joinusmn.com/small business.
Small business is who we are as an economy, and these new funding streams are critical
to bolstering small businesses and helping our economy thrive and become more
equitable for all.
DEED Developments Bloq
Subscribe to receive more information from DEED.
Minnesota Economic Trends: Quarterly Issue
10/26/2022
10
Minnesota Economic Trends: Quarterly Issue
Every quarter, the Labor Market Information (LMI) Office of the Minnesota Department
of Employment and Economic Development (DEED) publishes a slate of research articles
that offer insights into important labor market trends.
The latest quarterly issue of Minnesota Economic Trends features articles that: examine
Minnesotans' job mobility before and after the pandemic recession; analyze
demographic, economic, and educational trends and disparities regarding Minnesota's
Black labor force; take a closer look at Minnesota's labor force participation changes;
and forecast short-term job growth by industry and occupation.
Select a title below to view the full article.
Job mobility in the post-COVID labor market
This study examines job mobility patterns of Minnesota workers before and after the
COVID-19 recession, with a focus on wage impacts. By adjusting wages for inflation, this
study examines how job mobility interacts with inflation across different groups of
workers and industries.
Minnesota's Black Labor Force
This report provides an analysis of demographic, economic, and educational trends and
disparities impacting Black Minnesotans, with comparisons over time and to other
states.
Minnesota's Job Recovery Continues: An updated analysis of
projected job growth
11
Minnesota's economy is projected to continue to grow over the next year, with our
short-term jobs forecast surpassing pre -pandemic February 2020 employment levels by
the second quarter of 2023.
Will a Record -Setting Hot Labor Market Bring Labor Force
Participation Back to Pre -Pandemic Levels?
This report takes a closer look at the short-term pandemic and long-term demographic
impacts on labor force participation.
You can see an archive of past Minnesota Economic Trends articles on the DEED website.
DEED Developments Blog
Subscribe to receive more information from DEED.
DEED Celebrates Immigrant Integration Day
10/26/2022
For Immediate Release
Alicia Cordes -Mayo
763-406-9965
alicia.cordes-mayo@state.mn.us
October 26, 2022
Media Resources
Previous Announcements
DEED Celebrates Immigrant Integration Day
12
Today's a time to recognize all that immigrants bring to
Minnesota's history, culture
D
Governor Tim Walz proclaimed today as Immigrant Integration Day in Minnesota. The
Minnesota Department of Employment and Economic Development (DEED) is
marking the day by recognizing the achievements of New Americans and highlighting
the need for greater integration of immigrants and refugees in all aspects of
Minnesota life.
"Welcoming New Americans to our great state is the right thing to do — and it's also
the smart thing to do," said DEED Commissioner Steve Grove. "New Americans bring
extraordinary talents that grow our economy, and their contributions extend much
further. Immigrants & refugees bring new ideas and new perspectives that strengthen
Minnesota's culture."
"Immigrants and refugees arrive in Minnesota with the hope for a better future for
themselves and their children — and we all benefit when they have full opportunity to
13
make those hopes a reality," said DEED Assistant Commissioner for Immigrant and
Refugee Affairs Abdiwahab Mohamed. "At DEED, we are working hard to support
New Americans in navigating barriers that hold them back from entrepreneurial
success and employment that fully utilizes their skills and experience."
Nearly one in ten Minnesotans were born in another country and many other
Minnesotans are children of immigrants or refugees. Just over 50% of Minnesota's
recent labor force growth has been driven by recent immigrants, with more than
80,000 foreign -born Minnesotans joining the workforce between 2010-2018. New
Americans also drive a considerable amount of small business creation and growth in
Minnesota. In 2018, 20,219 immigrant business owners accounted for 7% of all self-
employed Minnesota residents — and in the Twin Cities metro, 11% of all business
owners were immigrants.
In today's proclamation, Governor Walz recognized the contributions New Americans
and previous generations of immigrants and refugees have made to Minnesota's
neighborhoods, schools, businesses, and community organizations over the years.
The Governor also stated Minnesota's commitment to ensuring that the immigrant
communities who call this state home have every opportunity to achieve their dreams
and feel welcomed and embraced.
DEED's immigrant and refugee efforts are focused on helping state government bring
together New Americans, employers, local governments, nonprofits and other
partners to create welcoming communities and engage all Minnesotans more fully in
the state economy. Staff in DEED's Office of Immigrant and Refugee Affairs work
across state agencies and with the governor's office, as well as with community and
business leaders throughout Minnesota to break down barriers and build
connections.
DEED is the state's principal economic development agency, promoting business
recruitment, expansion and retention, workforce development, international trade
and community development. For more details about the agency and its services, visit
the DEED website, the 1oinUsMn.com website, or follow us on Twitter.
14
Upon request, this information can be made available in alternate formats for people
with disabilities by contacting the DEED Communications Office at 651-259-7161.
Putting out the call for community reviewers
10/27/2022
0
Putting out the call for community reviewers
By Interim Director of the Office of Public Engagement Deven Bowdry
The Minnesota Department of Employment and Economic Development (DEED) is
looking to recruit about 100 community members to serve as grant reviewers for
competitive workforce development grant programs during the fall of 2022 and winter
of 2022-23. We're committed to including more voices and perspectives in our
grantmaking process — and including community reviewers is an important way to do
15
this. We value the community reviewer process across the agency. We will involve
community reviewers in our grantmaking decisions for other DEED divisions in the near
future.
We believe a more inclusive process can help us make funding decisions that will better
support our commitment to reducing employment disparities in Minnesota. We want
community reviewers who are aware of the current challenges that job seekers face.
People with this experience bring an important voice to the table in our decision-making.
DEED has recruited community reviewers for our employment and training grants
before, and we are eager to continue to leverage their experience and perspectives in
the process.
In addition to that very important personal experience, prospective community
reviewers should have an interest in workforce development, as well as experience in
grantmaking, education, training, workforce, and/or a related area. DEED also requires
community reviewers to participate in a short online training session.
We are seeking individuals who can dedicate 20-40 hours to read grant proposals over
the course of 2-3 weeks. Grant reviewers will read approximately 6-12 proposals during
November and/or December. Proposals are generally 12-15 pages in length, with
additional supporting and budget documents that should also be reviewed.
DEED will provide a small stipend to community reviewers who meet eligibility
requirements, complete training and review on time, and complete the required process
to receive payments.
Ready to apply as a community reviewer?
Please complete this short online application form to let us know you're interested in
participating. But act fast! The application will close at 11:45 p.m. on November 10,
2022.
Have more questions?
16
Please join us for one of our two optional community reviewer information sessions.
Both of these online sessions will contain the same information. Sessions will be
recorded and posted on our YouTube page if you aren't able to attend.
November 1, 2022 at 10:00 a.m.
Join on your computer, mobile app or room device
Click here to join the meeting
Meeting ID: 231 722 662 243
Or call in (audio only)
+1651-395-7448,,565162622# United States, St. Paul
Phone Conference ID: 565 162 622#
Me
November 7, 2022 at 4:00 p.m.
Join on your computer, mobile app or room device
Click here to ioin the meetin
Meeting ID: 216 622 887 848
Or call in (audio only)
+1651-395-7448,,908112827# United States, St. Paul
Phone Conference ID: 908 112 827#
If you have any questions, please email AskDEED@state.mn.us.
Please share this opportunity with your friends and networks. We need your help in
finding community members who want to get involved!
DEED Developments Bloq
Subscribe to receive more information from DEED.
Small Business Development Center Announces Regional
Host Centers for 2023-2025
10/27/2022
17
For Immediate Release
Alicia Cordes -Mayo
763-406-9965
October 27, 2022
Media Resources
aIicia.cordes-mayo@state.mn.us Previous Announcements
Small Business Development Center Announces
Regional Host Centers for
2023-2025
Regional centers provide no -cost services to businesses throughout
the state
18
Ribbon cutting at opening of RAEDI's SBDC Regional Center
St. Paul —The Minnesota Small Business Development Center (SBDC) in the
Department of Employment and Economic Development (DEED) today announced
the results of a Request for Proposal (RFP) to host SBDC regional centers throughout
Minnesota. A total of nine regional hosts were selected, including seven returning
SBDC regional hosts and two newly awarded regional hosts.
Minnesota State Community and Technical College (M State) in Moorhead is the new
West Central regional host, and Rochester Area Economic Development, Inc. (RAEDI)
will serve as the new Southeast regional host. These nine SBDC regional centers
(complete list below) will provide business services for a three-year period beginning
January 1, 2023.
Another outcome of the RFP is that the African Development Center (ADC) will now
cooperate with the University of St. Thomas Minneapolis Campus as a satellite center
19
to bring SBDC services to the ADC network in the Twin Cities, Willmar, St. Cloud and
Rochester.
"Minnesota's Small Business Development Centers are an extraordinary resource for
businesses throughout the state of Minnesota — and I don't think enough small
businesses know about them," said DEED Commissioner Steve Grove. "We're thrilled
to expand their footprint in Greater Minnesota and to the African Development
Center — making sure we reach people and businesses who face systemic barriers to
growth."
"The African Development Center is excited to work with the State and the University
of St. Thomas to bring SBDC services to our clients and community," said African
Development Center CEO Nasibu Sareva. "Helping small business owners grow
businesses and build wealth within their communities is the mission we have been
fostering in the African communities of Minnesota since our inception."
Created in 1979 to help small businesses start, grow and succeed, the SBDC offers
one-on-one professional business consulting services, provides training to
entrepreneurs and business owners and helps to secure investment capital for
business ventures. The SBDC is supported by the U.S. Small Business Administration,
DEED, these regional hosts and a variety of other local partners.
SBDC helps facilitate an economic environment that produces job growth and
supports the economic success of individuals, businesses and communities. SBDC can
help business owners identify new opportunities, increase profits, build resilience and
greater stability, provide long-term growth and compete in the worldwide market.
Services are available at no cost to clients anywhere throughout Minnesota.
"Hosting the regional SBDC office at M State will bring exciting opportunities to our
students, our community partners, and anyone in the region with an interest in
starting or growing a business," said M State President Carrie Brimhall. "M State is
uniquely suited to this task, with our long history of educating and serving students in
the region as well as our proven success at building relationships with communities
and working together with area businesses."
20
Concordia College in Moorhead has been the SBDC West Central regional host since
2011 and will continue to host through the end of 2022. M State will serve as host
beginning January 1, 2023.
On July 1, 2022, the Southeast SBDC transitioned its host of over 25 years from
Rochester Community and Technical College (RCTC) to Rochester Area Economic
Development, Inc. (RAEDI). This transition will allow the SBDC to expand its offerings
as it continues to serve business owners across southeast Minnesota through its
network of sub -regional SBDC partners.
"We are thrilled to be hosting the southeast Minnesota SBDC," said John Wade,
President of RAEDI. "Bringing together the services of both organizations under one
roof will enable us to better serve entrepreneurs in Rochester and across our 11 -
county region."
You can find further information about the services provided by the SBDC, locate the
service center nearest you, and register to receive consulting services at
www.mnsbdc.com.
Visit DEED's new Small Business Hub — our online one -stop -shop for everything you
need to know about resources for small businesses. DEED's Hub is where you can find
the latest information about funding programs, view the five steps to starting a small
business in Minnesota, learn about all the resources for small business owners, and
more.
SBDC Regional Centers selected from the RFP process include:
Region
Host Institution
Host City
Northwest
Northwest Minnesota Foundation
Bemidji
Northeast
Northland Foundation
Duluth
West Central
Minnesota State Community and Technical
College
Moorhead
North Central
Central Lakes College
Brainerd
21
Central
St. Cloud State University
St. Cloud
Southwest
Southwest Minnesota State University
Marshall
South Central
Minnesota State University Mankato
Mankato
Southeast
Rochester Area Economic Development, Inc.
Rochester
Twin Cities
Metro
University of St. Thomas
Minneapolis
Campus
DEED is the state's principal economic development agency, promoting business
recruitment, expansion and retention, workforce development, international trade
and community development. For more details about the agency and its services, visit
the DEED website, the Join UsMn.com website, or follow us on Twitter.
Upon request, this information can be made available in alternate formats for people
with disabilities by contacting the DEED Communications Office at 651-259-7161.
Last -Minute opportunity to JoinUs in the Minnesota Booth at
MEDICA 2022!
10/28/2022
.loin the Minnesota Booth at MEDICA
November 14-17, 2022
Dusseldorf, Germany
Join forces with the Minnesota Trade Office and exhibit your company at
MEDICA, the largest medical trade show in the world. Whether your
goal is to find new clients and markets, build on relationships, access
the competition, make new industry connections, or understand
emerging needs, Minnesota companies can expect MEDICA 2022 to be a
cost-effective business opportunity.
22
Co -Exhibitor Benefits
• Shared exhibit space at the Minnesota booth. Booth will be staffed,
giving you free time to walk the show floor or a dozen other
exhibit halls.
• One display counter with company logo recognition, per co -
exhibitor.
• One exhibitor pass included.
One Wi-Fi access code per exhibitor, per day.
A basic listing in the show catalog.
Check out the concurrent COMPAMED, the show for suppliers in
two of the Halls, at no extra cost.
Financial Assistance
You may request a STEP Grant application to qualify for the free booth
space ($7,500 value). Space is limited! First come, first served based on
STEP application. Apply now!
Questions about applying or exhibiting?
Contact:
Aeli Wiebolt, STEP Grant Administrator
Aeli.Wiebolt@state.mn.us
Join us for Workforce Wednesday!
10/28/2022
23
Building Bridges: DEI as an Effective Recruitment,
Retention & Sustainability Strategy: American Indian
Workforce
Wednesday, Nov. 2
11 a.m. to 12 p.m.
12 p.m. to 12:30 p.m. Unplugged - Q & A
Register now
Nearly 80,000 Minnesotans identify as American Indian or Alaska Natives, with seven
Ojibwa tribal nations and four Lakota tribal nations located in our great state. In addition,
Minnesota has urban communities that are home to native people and cultures. In fact,
the Phillips neighborhood of Minneapolis has one of the highest percentages of
population who identify as American Indian and Alaska Native of any community in the
U.S. The Native cultures of Minnesota are rich with cultural, spiritual, and geographic
variety. Celebrating and championing this uniqueness within our organizational cultures
and operations is an important step in growing healthy and sustainable communities.
Join us for an engaging discussion around strategies that support and strengthen our
American Indian Workforce. We will explore resources available on a state and local level,
and provide opportunities to connect with community builders who are already invested
in our Native communities and workforce. We will also talk with organizations that are
currently succeeding at building meaningful connections between our Indigenous and
non -Native neighbors, and who are doing the work to strengthen and sustain these
valuable relationships. Hear from our panel of subject matter experts on how DEI
strategies not only benefit us as employers but provide a roadmap of sustainability for our
local economies and communities as well.
Panelists for the Nov. 2 discussion include:
Kirk Crowshoe — Native American Liaison, Department of Employment and
Economic Development
Raymond Douha — Director of Veterans Services, Department of Employment and
Economic Development
• Hannah Smith —JEDI Fellow, the Region 5 Economic Development Commission
Be sure to check out our optional "Workforce Wednesday: Unplugged" immediately
following the event for an extra 30 minutes of Q & A and the opportunity to turn your
camera on, unmute yourself, and ask questions directly to the Regional Workforce
Strategy Consultants, as well as the session's panelists. This event will be recorded and will
be made available for viewing after the event.
24
i X1
For general questions and accommodation requests, please
email: fames.whirlwindsoldier@state.mn.us
Past Workforce Wednesday Session Resources
Workforce Wednesday takes place the first Wednesday of every month. You can see a
recording of the October session here.
Check out all the great employer resources available to you at
CareerForceMN.com/WorkforceWednesday
Stay in the Know!
Be sure to sign up for email updates from your Workforce Strategy Consultant Team!
Thankyou!
Your Workforce Strategy Consultant Team
For general questions and accommodation requests, please email
james.wh irlwindsoldier@state.mn.us.
Questions? Contact Us
�0 J
SUBSCRIBER SERVICES:
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DEED is an equal opportunity employer and program provider.
25
This email was sent to jim.thares@ci.monticello.mn.us using GovDelivery Communications Cloud on behalf of: Minnesota
Department of Employment and Economic Development - 332 Minnesota Street Suite E-200 - Saint Paul, MN 55101 - (800) 657- Fx1
3858
26
For Immediate Release
Alicia Cordes -Mayo
763-406-9965
aIicia.cordes-mayo@state.mn.us
Nov. 29, 2022
Media Resources
Previous Announcements
New DEED automation funding program to bring
more robots to Minnesota economy
St. Paul — Today, the Minnesota Department of Employment and Economic
Development (DEED) announced a new program to support automation at
manufacturers, the latest component of the $97 million State Small Business Credit
Initiative (SSBCI).
As part of the Automation Loan Participation Program, DEED will make companion
loans to cover financing gaps and expand financing opportunities for businesses
purchasing machinery, equipment, or software to increase productivity and
automation.
"Facing the tightest labor market in America, we know Minnesota businesses can't
create a larger workforce out of thin air," said DEED Commissioner Steve Grove. "A
key strategy has to be automation — which is why DEED's new Automation Loan
Participation Program will help manufacturers automate more quickly to drive
innovation and productivity gains that will help our economy grow."
DEED seeking applicants now
DEED loans through the new program can be worth up to $500,000 and need to be
made in conjunction with private financing. Applications are open now.
The new program is designed to support manufacturing, distribution, technology, and
warehousing businesses with 500 or fewer employees. These businesses have
historically been less likely to pursue automation and are more likely to be unable to
2
secure full financing for automation improvements from other lenders. Full terms and
requirements are available on DEED's website.
The new loan program joins other DEED initiatives to help manufacturers implement
automation. DEED's Automation Training Incentive (ATIP) program provides grants to
small businesses for the purpose of training existing workers on new automation
technology. Grants of up to $35,000 are available to small businesses in the
manufacturing or skilled production industry to train workers as quickly and
effectively as possible on new automation technology.
DEED staff will host an informational webinar about the new program on Thursday,
Dec. 1 at 9:30 am at this link.
Five of six SSBCI programs announced
The U.S. Department of Treasury has approved Minnesota for up to $97 million in
small business financing support, which allows DEED to carry out its commitment to
help small businesses grow and succeed.
The Automation Loan Participation Program is the fifth of six programs so far
announced as part of the new initiative. Other programs include:
• The Growth Loan Fund, providing direct loans to innovative seed- and early-
stage technology businesses;
• The Minnesota Loan Guarantee Program, providing 80% loan guarantees for
qualified loans made by enrolled institutions; and
• The Direct Investment and Multi -Fund Investment Programs, two venture
capital programs offered by the University of Minnesota investing in
Minnesota-based seed- and early-stage businesses in the advanced
manufacturing, agtech/foodtech, climate tech, life sciences, software, and
technology sectors.
Bringing it all together: a new online Small Business Hub
To help small businesses and startups navigate these new programs and understand
the breadth of DEED's existing resources for small businesses, the agency recently
launched a new online Small Business Hub. The Hub is designed to help
entrepreneurs navigate agency resources to start and grow their businesses. It
provides resources and expertise for small business owners looking to launch in
Minnesota, along with a comprehensive list of DEED program offerings to help
entrepreneurs thrive.
It can be found at joinusmn.com/smaIIbusiness.
The creation of one-stop shop resources was one of the recommendations of the
Governor's Council on Economic Expansion, which advocated for increased focus
from the agency to help small business growth. That recommendation will remain a
key priority of the Walz -Flanagan administration across the enterprise.
For more information about SSBCI, visit Treasury's SSCBI page or learn more at DEED.
About the State Small Business Credit Initiative
SSBCI was part of the American Rescue Plan Act (ARPA) of 2021 and included $10
billion for state, territory and tribal business finance programs. This is the second
SSBCI initiative — Minnesota received $15 million through the Small Business Jobs Act
of 2010.
DEED is the state's principal economic development agency, promoting business
recruitment, expansion and retention, workforce development, international trade
and community development. For more details about the agency and its services, visit
the DEED website, the JoinUsMn.com website, or follow us on Twitter.
Upon request, this information can be made available in alternate formats for people
with disabilities by contacting the DEED Communications Office at 651-259-7161.
Questions? Contact Us
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LMonticello
MONTICELLO ECONOMIC DEVELOPMENT AUTHORITY DOWNTOWN
FACADE IMPROVEMENT FORGIVABLE LOAN PROGRAM
GUIDELINES
AMENDED NOVEMBER 9, 2022
POLICY PURPOSE
The City of Monticello Economic Development Authority ("EDA") recognizes the need to
encourage investment in commercial and retail buildings in the Downtown area in order to
maintain the economic viability of the City and the Downtown/Central Community District.
The purpose of this forgivable loan program is to support a visually and financially appealing
Downtown and greater Monticello community by providing forgivable loans to improve the
fagades of existing Downtown commercial and retail buildings.
ELIGIBLE BUSINESSES
Commercial property located within the geographic area illustrated in Exhibit A of these
guidelines may be eligible for a Downtown Fagade Improvement Forgivable Loan (" Loan') as
further defined herein. The area illustrated in Exhibit A of these guidelines is amended to
include the buildings to remain on Block 52 following redevelopment. It is the goal of the EDA
that 70% of the buildings within the eligible area complete improvements to their properties.
The EDA has allocated a maximum of $250,000 for the initial Loan program. This is a pilot
program, and additional areas and allocations will be considered at a future date.
FORGIVABLE LOAN FUND TERMS & CONDITIONS
Loan Amount * Structure
Individual loans may be made in an amount ranging from $5,000450,000. Forgiveness of a
loan generally takes place over a five-year period with twenty percent (20%) of the award
forgiven annually. The EDA may extend or reduce the forgiveness period based on the dollar
amount of the loan. If the benefitting building is sold within the period of the loan, the loan
must be repaid. The Applicant must provide at least 5% of the project cost in cash. The
Applicant percentage shall be used as the project down -payment, as may be required.
Eligibility Requirements
Tenants and property owners should discuss the Loan program to determine responsibilities
and commitment for application and its components. The owner of the property must be a
1 I Page
cosignatory to the application and Loan agreement.
The property owner must carry current property insurance both at the time of application and
through completion of approved Loan improvements.
Property taxes on the subject site must be current for the duration of the Loan.
Applicants are not eligible to receive funding if the property to be rehabilitated is in default
under a property mortgage, contract for deed or comparable obligation. An applicant/property
owner is ineligible to receive assistance if currently involved in bankruptcy proceedings.
Applicants may apply for only one Loan per building.
The EDA reserves the right to approve or reject applications on a case-by-case basis, taking into
consideration factors considered appropriate by the EDA, in addition to established polices,
criteria, and potential benefits. Meeting the criteria does not guarantee an application will be
approved. Approval or denial of an application is at the sole discretion of the EDA.
Concurrent Loans
The concurrent use of different EDA loan programs by any one borrower or for any one project
is permitted. Business subsidy agreements may be required.
Permitted Loan Uses
Exterior renovation of front and corner side facades of principal use retail or commercial buildings.
An architectural rendering supplied by one of the following is required: an EDA selected
architect, applicant contractor or architect, or a qualified architect accepted by the EDA. This
item is required for use in determining the final scope of work in consultation with the applicant
and the applicant's selected contractor for any project. The cost of the rendering shall not be
included in the Loan amount. Architectural renderings will be considered for preparation after
an initial letter of interest by an applicant.
Fagade renovation may include, but is not limited to: windows, doors, siding, brick, stucco,
masonry, painting, steps, cornices, parapets, shutters, dormers, signage, awnings, and structural
roof components and such improvements shall be guided by the architectural rendering. -
Interior side renovation proposals may be considered on a case-by-case basis.
The applicant will work with a contractor to define final selected improvements using the
architectural rendering as a guide. The architectural rendering with final selected improvements
must be reviewed and approved by the EDA and will be included in final Loan documentation.
The improvements must be completed in substantial conformity to the approved architectural
rendering.
MN325\40\836794.v1 2 1 P a g e
The cost of the building permit for the approved Loan project will be included in the final Loan
amount.
CONSTRUCTION AND IMPROVEMENTS CODE COMPLIANCE
As applicable, buildings for which public funds will be used within this program are to be
brought into conformity with city ordinances and state building codes in effect for the area in
which the building is located. It is the intent of the Downtown Fagade Improvement Loan
Program to comply with the City's building standards for the Downtown/Central Community
District (CCD). Please refer to the City's Downtown Small Area Plan and zoning ordinance for
complete details as it relates to the standards governing this program's design guidelines.
TIMING OF PROJECT EXPENSES
No project may commence until the EDA has approved the Loan application and the Loan
agreement. Any costs incurred prior to execution of the Loan agreement are not eligible
expenditures.
No building construction may commence until the required city permits are secured.
Loan disbursements shall be as provided for within the Loan agreement and shall be made
directly to the Applicant/owner's contractor. The Loan agreement shall reference final
contracts for improvements.
COMMUNICATION
Success of the project depends on the completeness of applications and good communication
between all parties. Applicants should feel free to reach out to EDA staff with any questions at
any time.
PROCEDURAL GUIDELINES FOR APPLICATION AND APPROVAL
The applicant shall meet with city staff to obtain information about the Loan program, discuss
the project, and obtain application forms.
The applicant shall complete and submit a letter of interest to the EDA. After review, the EDA
will consider authorization of the facade rendering by the EDA's architectural consultant. Once
the architect and applicant have completed the rendering process, the applicant must submit a
formal application to the EDA for review.
Applications will be received and reviewed on a first-come, first-served basis from the time of
submission of a complete application.
An inspection of the building may be required.
MN325\40\836794.v1 3 1 P a g e
The EDA is a governmental entity and as such must provide public access to public data it
receives. Data deemed by Applicant to be nonpublic data under State law should be so
designated or marked by Applicant. See Minnesota Statutes, Section 13.591, Subd. 1 and 2. The
formal Loan application will be reviewed by EDA staff to determine if it conforms to all city
policies and ordinances, and will be presented to the EDA for formal approval, as follows:
1. Staff will complete a preliminary application review and may consult with the EDA's
Financial Advisor and/or EDA Attorney in preparing a report for EDA consideration.
2. Staff will evaluate the project application in terms of the following:
a. Project Design - Evaluation of project design will include review of proposed
activities, project construction and renovation plans including architectural
rendering and final building elevations detailing selected improvements,
timelines, and capacity to implement the project.
b. Financial Feasibility - Availability of funds, private investment, financial
packaging and cost effectiveness, and bid -quote submissions.
c. Evidence of applicant's ability to meet the 5% cash requirements.
d. Letter of Commitment from other financing sources stating terms and conditions
of their participation in the project, if applicable.
e. All other information as required in the application and/or additional
information as may be requested by the EDA staff.
f. Project compliance with all applicable city codes and policies.
3. The EDA Commissioners will review each application in terms of:
a. Its consistency with the goals of the city's Comprehensive Plan and Downtown
Small Area Study.
b. Whether it is desirable and in the best interests of the public to provide funding
for the project.
c. The project's overall potential impact on the community's economy.
4. The EDA Commissioners will approve or deny the application, or request a
resubmission with clarifications, at the EDA's sole discretion.
APPROVAL OR DENIAL OF LOAN APPLICATION
The EDA, at its sole discretion, may deny any application on a case-by-case basis, taking into
consideration factors such as: consistency with the goals of the city's Comprehensive Plan and
Downtown Small Area Study, the project's overall impact on the community's economy, and
the above criteria.
LOAN POLICY REVIEW
The above criteria will be reviewed on an annual basis to ensure that the policies reflected in
this document are consistent with the economic development goals set forth by the city.
MN325\40\836794.v1 4 1 P a g e
COMPLIANCE WITH BUSINESS SUBSIDY LAW
All developers/businesses receiving financial assistance from the City of Monticello EDA shall
be subject to the City's Business Subsidy Policy as amended, and the provisions and
requirements set forth under Minnesota Statutes, Sections 116J.993 to 116J.995.
LOAN AGREEMENT
If the application for a Loan is approved, the applicant/property owner will be required to
enter into a Loan agreement to proceed. The Loan agreement will specify the terms and
conditions of the Loan as identified herein.
DISBURSEMENT OF LOAN FUNDS
Upon approval of a Loan application, applicants are required to provide executed contracts
with qualified, licensed contractors for work per the approved Loan plans. Contracts shall be
consistent with the procedures and requirements herein.
Loan funds will be disbursed to the contractor based on completion of work as outlined below.
The City's Chief Building Official will verify completion of work. Upon verification of
completion, payment will be dispersed per contract amount for the work completed based on
submitted invoice.
PROJECT CONTRACTOR PROCEDURES AND REQUIREMENTS
A. PARTICIPATING CONTRACTORS: All contractors participating in the
Downtown Fagade Improvement Loan Program must have a contractor's
license on file with the Minnesota Department of Labor and Industry. The
contractors will be responsible for securing insurance of the amounts specified
on the application form. The application must contain proof of insurance
coverage via a Certification of Insurance Coverage, and the contractor's
registration and license number and bond.
B. BID/QUOTE SOLICITATION: To participate in the Downtown Facade
Improvement Loan Program, the applicant must solicit bids or quotes from at
least two vendors. An applicant is free to choose any contractor, provided the
license requirements are met and the cost differential in the quotes received does
not exceed 20%.
C. CONTRACTOR CONTRACT: The contract for work is between the property
owner (applicant) and the contractor. Each selected contractor will enter into a
contract with the property owner. The contract will outline the terms for
completion of the rehabilitation on the project and will include the following:
1. Scope of Work
2. Project Start Date;
MN325\40\836794.v1 5 1 P a g e
3. Project Completion Date;
4. General Conditions;
5. Building Elevations and Architectural Drawings;
6. Special Conditions;
7. Project Warranties;
8. Change Order Procedures;
9. Payment Terms;
10. Termination Procedures.
D. FAILURE TO START/COMPLETE PROJECT: Upon approval of the Loan
agreement, the applicant and selected contractor will have 180 calendar days in
which to complete the contracted work. The 180 -day time period shall not be
exceeded except through the issuance of a change order. Failure to complete
any work within 180 days will be grounds to terminate the Loan agreement.
E. PAYMENT PROCEDURES: All contractors will agree to the payment schedule,
which is as follows:
Pre -payments for contracted services may be disbursed from an escrow
account established with the EDA's specified agency. Such escrow
account shall be administered per the Loan agreement.
2. Lien waivers are required for all contractors and sub -contractors before
payment will be made.
3. Final payment for work completed, including any retainage amounts,
will be made after work by a contractor is completed with verified
receipts and costs incurred, the final inspection has been conducted and
the Chief Building Official, property owner, and contractor have signed
off on the work.
F. CHANGE ORDERS: Change orders to the approved Loan project require the
approval of the EDA. Change orders will be allowed only for the following
reasons:
1. To rectify hidden deficiencies that are discovered once the work has
begun.
2. To change a specification due to unforeseen difficulties arising after work
has begun.
3. To address a deficiency that was inadvertently dropped from the project
during project packaging.
4. To change completion dates.
MN325\40\836794.v1 6 1 P a g e
PROJECT COMPLETION
The City's Chief Building Official will complete a final project inspection and issue a Certificate
of Completion verifying project completion per the approved Loan plans.
MN325\40\836794.v1
7 1 P a g e
EXHIBIT A
Geographic Program Limit
Downtown Facade Improvement Grant Program Eligibility Area
Created by: City of Monticello
MN325\40\836794.v1
EXHIBIT B
Permitted Fund Uses — Visual Reference
MN325\40\836794.v1
MN325\40\836794.v1
Elements of the Facade
Overview of the Program
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MN325\40\836794.v1
Additional Information
www.ci.monticello.mn.us
Angela Schumann
Director of Community Development
Lr i y Y•—
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poll
7A
Downtown Facade
Improvement Loan Program
An Implementation Step of the
Downtown Small Area Plan
Investing in Our
Downtown
CITY OF
n
The Monticello EDA has developed a Downtown Facade Im-
Cornice---
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provement Loan Program to support property owners in their
Upper Frieze-
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efforts to reinvest in their buildings and in the historic building
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fabric of downtown Monticello. The purpose of the loan pro -
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gram is to improve the aesthetics of the Downtown and to make
Upper Windows
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it a place that is comfortable and appealing to more people
_
throughout the day, week and year.
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The loan program offers up to $50,000 in loan funding to
Middle Frieze ---;W;- '` -:._, 4i
individual building property owners or building tenants to make
a..
front and corner side building facade improvements in the eligi-
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ble area shown below.
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The funds are provided as forgivable loans, with the loans
Display Window
generally forgiven over a 5 -year period with 20% of the
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principal amount forgiven each year. The EDA's goal is for at
Base Panel
least 70% of the proper- ty owners in the area to take advantage
of the loan.
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MN325\40\836794.v1
Additional Information
www.ci.monticello.mn.us
Angela Schumann
Director of Community Development
Lr i y Y•—
a t�i t"
poll
7A
Downtown Facade
Improvement Loan Program
An Implementation Step of the
Downtown Small Area Plan
Investing in Our
Downtown
CITY OF
n
Possible Improvements to building on Broadway City of Monticello, MN Monticello
763-271-3224
Angela. Schuman n@ci.monticel lo. mn.us
MN325\40\836794.v1
Monticello Design Threads General Design Considerations Facade Improvement Possibilities
The following design threads can be incorporated into
facade improvements. Doing so will help create a lively
and distinctive environment.
Transparency and Openness
Broadway should be welcoming and inviting. Facades with
large windows and well-designed storefronts are comfortable
to walk along side and intriguing to look into. They create
visual interest to both drivers and walkers.
Three Dimensionality/ Movement
Functional and artistic elements that have depth, or evoke
a sense of movement, have impact. Elements that project
horizontally from buildings or vertically from the sidewalk are
encouraged.
Proportion and Order
All elements of the facade should be proportional and orderly
to create a harmonius composition. The underlying building
should provide the basic order of the composition and ele-
ments such as awnings, signage and lighting should respond
to the underlying building.
Of its Time
Downtown Monticello was built over time. Today's buildings
reflect a variety of eras and no one particular style.
Improvements to the buildings that are in keeping with the
spirit of a particular era will create an environment that is of
its time.
South side of Broadway, Block 36
MN325\40\836794.v1
}- ��,�� •_ oma..:...
A renovation or facade improvement project can provide the
architectural and human -scale qualities to improve the aesthet-
ics of Downtown. The following design considerations highlight
key elements that will provide guidance in restoring or enhanc-
ing architectural value to building.
- Most facades consist of an architectural framework designed
to identify individual storefronts. Each storefront should respect
this framework.
- Facades should present a visually balanced composition ac-
cording to the original architectural intent.
- In cases where original building elements have been removed
or substantially altered, contemporary treatments respecting
the original and historic details are suitable. However, they
should not appear to be of poor quality, of temporary nature, or
ill-suited for the area (vinyl or aluminum siding).
- If a building has historic or architectural merit, improvements
should be designed to reveal the buildings original style form
and materials, whenever possible.
- Architectural services will be offered at no charge to loan
fund applicants.
paint and signage
corner treatments
integrated signage
BIKE AND TRIXF j
T `� 1,
restored brickwork
murals
welcoming fronts
Sample Illustration
MN325\40\836794.v1
Date of
Company Name
Business Category
Project Description
Contact
IL
Retained lobs
New lobs
5/22/2018
Karlsburger Foods
Food Products Mfg.
Facilty Expansion
11/29/2018
Project Blitzen
Precision Machining
Exist Bldg or New Const.
3/28/2019
Project Nutt
Co -Working Space
Existing Building
5/9/2019
Project FSJP
Light Mfg -Res. Lab
New Construction
8/16/2019
Project Jaguar
Office
New Construction
1/20/2020
Project Panda v3
Service -Child Care
New Construction
.2/23/20- 6-
Project TDBBST
Industrial
New Construction
30-22
20+/-
$1,400,000
Active Search
11/5/2020
Project Flower
Office
Existing
2/16/2021
Project Cold
Industrial -Warehouse -Di
New Construction
$4,100,000
Active Search
stri
0
3/19/2021
Project Orion
Warehouse-Distributi
New Construction
on
2/28/2022
Project Emma II
Light Ind -Assembly
New Construction
6/16/2021
Project UBAA
Child Care Services
New Construction or Exist
6/30/2021
Project Ecosphere
Industrial Tech Mfg.
New Construction
7/29/2021 Project BA710 Lt Assem-Distribute New Construction
10/28/2021 Project Stallion New Construction
2/7/2022 Project Shepherd Lt Assembly Distribution New Construction
III
12/09/2022
10
$650,000
Active Search
42,000 sq. ft.
Building -Facility
i
Retained lobs
New lobs
Total Investment
Project Status
20,000 sq. ft. +/-
42
10 to
$4,500,000
On Hold
20
12,000 sq. ft.
10
$1,200,000
Concept Stage
?
?
?
?
Concept Stage
20,000 sq. ft.
0
20+/-
$1,400,000
Active Search
22,000 sq. ft.
22
4
$2,700,000
Active Search
10,500 sq. ft.
0
21
$4,100,000
Active Search
10,000 to 15,000 sq.
0
9
$1,850,000
Concept Stage
ft.
7,000-8,000 sq. ft.
0
12
$750,000
Concept Stage
80,000 sq. ft.
0
21
$12,000,000
Concept Stage
832,500 sq. ft.
0
500
$125,000,000
Active Search
20,000 sq. ff.
0
4
$1,350,000
Active Search
5,000 sq. ft.
0
14 to 19
$2,000,000
Act Search
1,000,000 sq. ft.
0
1122
$85,000,000
Act Search
6,500 to 7,000 sq. ft 0
10
$650,000
Active Search
42,000 sq. ft.
40
$3,600,000
Active Search
75,000 sq. ft. 75 $10,500,000 Active Search
4/28/2022
Project Cougar
Precision Machining -Mfg.
New Construction 35,000 to 45,000 sq. ft.
38
$4,700,000
Active Search
8/11/2022
Project Sing
Precision Machining
New Construction 400,000 sq. ft. 0
500
$90,000,000
Active Search
10/28/2022
Project IAG
Mfg.
New Construction 300,000 sq. ft.? 0
50?
$70 to $80,000,000
Active Search
11/9/2022
Project Tea
Mfg
New Construction 25,000 sq. ft. 55
20
$5,800,000
Active Search
Contacts: M = 04 YTD = 31