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HomeMy WebLinkAbout06.26.23 EDA Packet Meeting Location: Farmington City Hall 430 Third Street Farmington, MN 55024 ECONOMIC DEVELOPMENT AUTHORITY REGULAR MEETING AGENDA Monday, June 26, 2023 4:00 PM Page 1. CALL TO ORDER 2. PLEDGE OF ALLEGIANCE 3. ROLL CALL 4. APPROVE AGENDA 5. CITIZEN COMMENTS 6. CONSENT AGENDA 6.1. Economic Development Authority Meeting Minutes of April 17, 2023 Approve the minutes of the April 17, 2023 Economic Development Authority meeting. Agenda Item: Economic Development Authority Meeting Minutes of April 17, 2023 - Pdf 3 - 9 6.2. Open to Business Quarterly Report - Q1 2023 No action required. This information is provided for informational purposes. Agenda Item: Open to Business Quarterly Report - Q1 2023 - Pdf 10 - 16 7. PUBLIC HEARINGS 8. DISCUSSION ITEMS 8.1. Approval of Micro Grant for Fissan Training Kennels - R04-23 Approve R04-23 allocating $2,500.00 of the EDA Micro Grant Program funds to Fissan Training Kennels. Agenda Item: Approval of Micro Grant for Fissan Training Kennels - R04-23 - Pdf 17 - 22 Page 1 of 43 8.2. Approval of Micro Grant for Heikkila Studios - R05-23 Approve R05-23 granting a $2,500.00 Micro Grant to Heikkila Studios. Agenda Item: Approval of Micro Grant for Heikkila Studios - R05-23 - Pdf 23 - 28 8.3. Marketing Strategy and Guide This guide is being presented for informational purposes only. Staff are available to answer any questions or provide additional information as desired. Agenda Item: Marketing Strategy and Guide - Pdf 29 - 37 8.4. Proposed EDA Work Plan - 2024 Review and discuss proposed 2024 work plan and EDA levy request of $150,000. Agenda Item: Proposed EDA Work Plan - 2024 - Pdf 38 - 40 9. DIRECTOR'S REPORT 9.1. Director's Report No action is requested or required. This is provided for informational purposes. Staff is available to provide additional details and answer any questions. Agenda Item: Director's Report - Pdf 41 - 43 10. ADJOURN Page 2 of 43 ECONOMIC DEVELOPMENT AUTHORITY AGENDA MEMO To: Mayor, Councilmembers and City Administrator From: Shirley Buecksler, City Clerk Department: Administration Subject: Economic Development Authority Meeting Minutes of April 17, 2023 Meeting: Economic Development Authority - Jun 26 2023 INTRODUCTION: Attached are the minutes from the April 17, 2023 Economic Development Authority Meeting for review and approval. DISCUSSION: Not applicable BUDGET IMPACT: Not applicable ACTION REQUESTED: Approve the minutes of the April 17, 2023 Economic Development Authority meeting. ATTACHMENTS: 04.17.23 EDA Minutes Page 3 of 43 City of Farmington Economic Development Authority Regular Meeting Minutes Monday, April 17, 2023 The Farmington Economic Development Authority met in regular session on Monday, April 17, 2023, at 5:30 p.m. at Farmington City Hall, 430 3rd Street, Farmington, Minnesota. 1. CALL TO ORDER Chair Wilson called the meeting to order at 5:30 p.m. 2. PLEDGE OF ALLEGIANCE After some discussion on whether the Pledge of Allegiance should be recited or only when the EDA meeting is a standalone, the Commission agreed that it should be continued, and the Pledge of Allegiance was recited. 3. ROLL CALL Members Present: Chair Steve Wilson Commissioners Holly Bernatz, Joshua Hoyt, Nick Lien, and Katie Porter Members Absent: None Also Present: Lynn Gorski, City Administrator Julie Flaten, Asst City Administrator/HR Director Deanna Kuennen, Community Development Director Stephanie Aman, Economic Development Coordinator Chris Regis, Finance Director Kellee Omlid, Parks & Recreation Director John Powell, Public Works Director Gary Rutherford, Police Chief Shirley Buecksler, City Clerk Kara Hildreth, Editor – Dakota County Tribune 4. APPROVE AGENDA Motion was made by Commissioner Bernatz and seconded by Commissioner Porter to approve the agenda, as presented. Motion carried: 5 ayes / 0 nays. 5. CITIZEN COMMENTS No one addressed the Commission to speak. Page 4 of 43 Economic Development Authority Minutes April 17, 2023 Page 2 of 6 6. CONSENT AGENDA 6.1 Economic Development Authority Meeting Minutes of March 20, 2023 6.2 Monthly Financial Statement Motion was made by Commissioner Lien and seconded by Commissioner Bernatz to approve the Consent Agenda, as amended. Motion carried: 4 ayes / 0 nays. 7. PUBLIC HEARINGS There were no public hearings. 8. DISCUSSION ITEMS 8.1 Introduction – Economic Development Coordinator Director Kuennen introduced Stephanie Aman as the City’s new Economic Development Coordinator. Coordinator Aman provided some details for the Commission on her background in marketing and public relations and how it ties in nicely with economic development. There are a lot of opportunity in Farmington for economic development, and she is excited for this opportunity. 8.2 EDA Levy Discussion Currently, the EDA does not have a dedicated funding stream. Minnesota Statutes gives authority to the EDA to request a dedicated tax to support broad economic development goals. Minnesota Statutes regulate the process to request a levy, as well as the maximum levy amount for an EDA. The EDA's budget is funded by a direct appropriation from the City. Since 2019, the allocation to the EDA to support economic development efforts has been between $40,000-$50,000 annually. This funding is used to support the operations - including memberships, equipment, developer payments (grant programs), and program expenses. The EDA also has a small fund balance that has been built up over time. In 2022, $30,000 of the fund balance has been allocated to balance the budget. Limited funding impacts the City's ability to pursue certain economic development activities and the ability to offer certain programming. Staff is recommending that the EDA request an EDA levy as part of the 2024 budget process. State statutes provide the authority to request a levy. The EDA, itself, does not have the ability to implement a levy, but the EDA may ask the City Council to institute a tax for the benefit of the EDA. Staff has worked with Chris Regis, Finance Director, to calculate what the EDA could have requested for a levy in 2023, based on the City's taxable market value and how that would have impacted the overall city levy. The following table Page 5 of 43 Economic Development Authority Minutes April 17, 2023 Page 3 of 6 illustrates the current scenario of zero EDA Levy, through a full EDA levy as allowed by statutes (0.01813% of the City's taxable market value), and the increase it would have on the overall levy: 2023 TAX LEVY WITH EDA LEVY Local Levy EDA Levy Total Local Levy Increase Zero EDA Levy $12,749,859.00 $ - $12,749,859.00 5.96% - $100,000 EDA Levy $12,749,859.00 $100,000.00 $12,849,859.00 6.79% 0.83% $200,000 EDA Levy $12,749,859.00 $200,000.00 $12,949,589.00 7.62% 1.66% $300,000 EDA Levy $12,749,859.00 $300,000.00 $13,049,589.00 8.45% 2.49% $400,000 EDA Levy $12,749,859.00 $400,000.00 $13,149,589.00 9.29% 3.33% Full EDA Levy $12,749,859.00 $524,615.00 $13,274,204.00 10.32% 4.36% Staff is recommending that, as part of the 2024 budget, the EDA requests a levy along with the standard direct appropriation that the EDA is currently receiving. Additional funding will allow the EDA to create different/additional programs, enhance marketing and outreach efforts, and pursue a more comprehensive economic development strategy based on outcomes from the community vision initiative. Specific uses of the funding have not been identified yet, which is why Staff would recommend starting with a $100,000 levy in year one. Discussion included: • Knowing this conversation is about funding for 2024, there are seven months to plan. What are the actionable items? What are the short-term action items? What type of increase are we looking at for the general levy for 2024? To what degree are we going to allocate dollars to an EDA levy? Would rather look at action items than driven on amount of money. Spend time on what we’re going to do. • The budget tells a story of how we’re going to serve our residents. This is how we are being wise with money. • Do we know what our obligations are? o Administrator Gorski has asked Staff to put together our current obligations. Directors Kuennen and Regis have had multiple discussions on this, and Staff feels comfortable with $100K. We can Page 6 of 43 Economic Development Authority Minutes April 17, 2023 Page 4 of 6 do things with Staff that we haven’t been able to do before. The main goal is to establish the fund and move forward from there. • Commissioner Hoyt said he personally struggles with how we are comfortable with $100K if we don’t know how we are going to spend the $100K already in the EDA budget. It’s almost like trying to work backwards. o Director Kuennen said economic development is always going to be on its own timeline. We can take the work plan and work it backwards. We can also have Ehlers come in and present to the EDA. Without funds, you miss those opportunities. If we spend down each year but don’t build up those funds, we won’t be able to take on those bigger projects. It becomes a tool that we can use and continue to build. • Commissioner Hoyt said it’s a challenge to get uncomfortable and be able to ask for enough. Let’s have a bold plan to sell to the community , on what those actions are. • Commissioner Porter said she struggles with the word ‘levy.’ She appreciates everything Staff has done. Where do we go with these things? She also struggles with the general levy going up for our residents. We need commercial tax base to level things out and the burden to taxpayers, but that will take a long time. She is open to the idea of an EDA levy but needs to do more research on her own and familiarize herself with what the idea looks like. • Commissioner Bernatz said she feels the opposite and closer to Commissioner Hoyt’s comments. You have to spend money to make money. We’ve seen decades of no forward movement and an EDA with no structured funding source. She believes it’s necessary for commercial development. We need to allocate funds in front of potential opportunities. She suggests a similar plan; one with how the money you’re asking for will be spent. • Commissioner Lien asked about the benefit of keeping the fund transfer versus the levy. If it’s the process of getting it established, why not go for the amount of the transfer? o Director Regis said there is no difference between a transfer or a levy. o Director Kuennen said the levy can be any dollar amount, as long as it falls within State Statute. • Commissioner Lien asked what the various price breakdowns will get you. He is comfortable with $100K. o Director Kuennen said they have a work plan and can put some more specific tasks to it and bring it back. We can do more if there is funding available. • Commissioner Hoyt said things are going to happen in the next 18 months. If we do not have a funding source, we will run into another roadblock. I challenge us to think about what it looks like to go for $500K. • Commissioner Bernatz suggested going for the real ask, not the safe amount. We will figure it out from there. She feels the safe ask is dangerous because we don’t know what’s coming up. Page 7 of 43 Economic Development Authority Minutes April 17, 2023 Page 5 of 6 • Chair Wilson asked the Commission for their direction. Is this a good step to take forward? He said he is in agreement that you arrive with the amount you want to move forward with. If we move forward, he suggests not continuing with the transfer, as it’s not accountable to the taxpayers. Start the levy at $200K. He would rather pick a higher amount and delete that transfer. o Director Kuennen said the transfer would go towards operating costs and the levy would go to things people get excited about. • Chair Wilson said he feels strongly in favor of this and also respects Commissioner Porter’s point. We need to protect our taxpayers and keep them first in mind. He strongly supports the levy and the transfer that pays the operational costs. He feels $100K is too low. Additional money could sit in escrow. Staff can come back with the right number and why. o Director Kuennen said we will build that out with an appropriate number that tells the story. 8.3 Marketing Proposal – Minnesota Vikings Official 2023-24 Yearbook In January, the EDA agreed to reallocate a portion of the budget for marketing ($30,000). Staff has been seeking opportunities to leverage these marketing dollars to have a significant impact. Staff is recommending using a portion of the marketing budget for print and online ad space as part of the Minnesota Vikings Official 2023-24 Yearbook. The Minnesota Vikings Yearbook is a souvenir publication that is available inside US Bank Stadium for home games and is featured on the Vikings website. A limited number of EDA's and Convention and Visitor Bureaus have an opportunity to acquire ad space within the publication. The publication helps promote Minnesota cities, with the potential to reach millions of fans and members of the corporate world. Staff is recommending participation in the 2023 -24 Yearbook and building a half page ad around Farmington's desire to be bold and boldly pursue Farmington's vision. The timing aligns nicely with the community vision and comprehensive plan update and fits within the dedicated marketing budget. The cost would be $8000 for a half page, full color ad. Director Kuennen highly recommends that the EDA do this. It lines up from a timing perspective and community vision. This is unexpected for Farmington and only a limited number of cities will be included. It has a digital piece, as well. Commissioner Hoyt said this is 50,000 pieces of literature eight times in a year. Commissioner Porter said we have had several Vikings in Farmington that should be included. Page 8 of 43 Economic Development Authority Minutes April 17, 2023 Page 6 of 6 Motion was made by Commissioner Porter and seconded by Commissioner Bernatz to approve the purchase of advertisement space I the Minnesota Vikings 2023-24 Yearbook for $8,000 from the 2023 marketing budget. Motion carried: 5 ayes / 0 nays. 9. DIRECTOR’S REPORT 9.1 Director’s Report Director Kuennen said they are representing Farmington at events, hosting a booth and as speakers at events. The more we are there the more they want to know. We will continue to push Farmington t o the brokerage community. We are filling our calendars with meetings. We also met with Greystone Construction, and they are very interested in exploring how to be a player here. Chair Wilson said you want your business community to be advocates for you , and this is perfect. Director Kuennen mentioned some of the highlights: • Minnesota Real Estate Journal (Summit) – we are helping identify speakers for that and building a content. • Business View Magazine – Mayor Hoyt, Administrator Gorski, and Director Kuennen will be interviewed for this national magazine that becomes a standalone piece. This is an exciting opportunity for the City of Farmington. 10. ADJOURNMENT Motion was made by Commissioner Porter and seconded by Commissioner Hoyt to adjourn the meeting at 6:40 p.m. Motion carried: 5 ayes / 0 nays. Respectfully submitted, Shirley R Buecksler City Clerk Page 9 of 43 ECONOMIC DEVELOPMENT AUTHORITY AGENDA MEMO To: Economic Development Authority From: Deanna Kuennen, Community Dev Director Department: Community Development Subject: Open to Business Quarterly Report - Q1 2023 Meeting: Economic Development Authority - Jun 26 2023 INTRODUCTION: Open to Business is a partnership between Dakota County CDA, Dakota County cities, and the Metropolitan Consortium of Community Developers (MCCD), that provides one -on-one business counseling to current and prospective entrepreneurs. Natalie Mouilso is the assigned business advisor to Dakota County, and she works with businesses, free of charge, providing business counseling, financial advice, and access to capital. DISCUSSION: costthe outlines that Agreement, Powers Joint to party is EDA Farmington The a -share responsibilities in return for Open to Business providing technical assistance, access to capital, and quarterly reporting. Attached is the Q1 report for 2023. This report highlights business activity including number of businesses served, referral sources, outreach, and case studies. BUDGET IMPACT: Not applicable ACTION REQUESTED: No action required. This information is provided for informational purposes. ATTACHMENTS: Dakota County OTB Narrative Report - Q1 2023 Page 10 of 43 Business Advisor for Dakota County: Natalie Mouilso, nmouilso@mccdmn.org, 952-451-6390 Clients Served YTD Client Inquiry 4 Existing - Challenged 5 Existing -Opportunity 23 Pre-start planning 21 Start-up 14 Total 67 Business Owner Demographics YTD Low-Income Owned 23 BIPOC or Immigrant Owned 31 Woman Owned 34 Financing & Access to Capital YTD Approved (YRLY Total) $ 391,200.00 Equity (YRLY Total) $ 229,200.00 Facilitated (YRLY Total) $2,472,600.00 Program Hours TA Program HRS 1st QTR 330.50 159 Total 330.50 159 TA: Client Meetings, Providing Resources, Client Calls, Client Deliverables, Loan Packaging Program HRS: City Initiatives, Program Outreach, Public Events, City Meetings, Research, Data/Admin, General Inquiries “I’m so grateful for you and your mentorship. Having this advice and the sounding board is so helpful for me.” – Eagan Entrepreneur Page 11 of 43 Dakota County Q1 Report 3.31.2023 2 Industry Segment YTD Construction / Real Estate 2 Food 7 Health/Fitness 6 Manufacturing 2 Consulting 7 Retail 20 Service 17 Other 6 Total 67 Referral Source YTD Bank Referral 7 Entrepreneur 1 Friends and Family 10 Municipality 21 MCCD Partner 4 Other 9 Web 15 Total 67 City YTD Business Resident Apple Valley 5 3 Burnsville 4 2 Eagan 10 11 Farmington 7 8 Hastings 8 3 Inver Grove Heights 6 7 Lakeville 7 8 Mendota Heights 1 1 Rosemount 4 6 South St. Paul 1 3 West St. Paul 4 4 Other Dakota Co. 0 1 Other/ No Data 11 10 “I wanted to extend my appreciation for including my question in the Legal Webinar. The feedback shared was very helpful.” – Lakeville Business Owner Page 12 of 43 Dakota County Q1 Report 3.31.2023 3 Direct Financing & Access to Capital Business Type: Thai Grocery Store Business Locations: Burnsville & South Saint Paul Owner Residence: Woodbury Referred by: Bank Partner & City of South Saint Paul MCCD Financing: $125,000 Owner Equity: $125,000 Other Financing: $1,920,000 Overview: MCCD approved gap financing for a BIPOC-owned business expansion. The owners currently operate a Thai grocery store in Burnsville and are expanding the business to include a new wholesale and distribution business line with a second location in South Saint Paul to include extra storage for the grocery inventory as well as a deli walk up window. The project is a ground up construction of a multitenant building which will include space for two additional tenants. MCCD financing will be utilized for construction costs. Business Type: Financial Advisory Business Location: Hastings & Lakeville Owner Residence: Lakeville Referred by: Bank Partner MCCD Financing: $204,000 Owner Equity: $46,000 Other Financing: $255,000 Overview: MCCD approved permanent term financing for a commercial real estate purchase by a growing financial advisory business based in Lakeville with a second location in Hastings. The project was brought to MCCD via a bank partner and the real estate transaction is part of a larger business expansion plan and ownership transition for the Hastings location. The real estate purchase and eventual business purchase will retain 6 full-time jobs and create 1 new full-time position. Business Type: Hair Braiding Salon Business Location: Eagan Owner Residence: Eagan Referred by: MCCD Community Partner MCCD Financing: $25,000 Owner Equity: $21,000 Overview: MCCD approved financing for this immigrant owned start-up hair braiding salon business. The owner has been working in the industry for nearly 10 years, always renting chairs at other salons, and splitting her profits with the salon owner. With startup capital provided by MCCD she will be able to open her own space in Eagan, expand her clientele, and build wealth for herself and her family. In addition to braiding services, the salon will have two rental chairs available and will sell high-quality products that cater to the Black and African community in the area. “I really want you to know how grateful I am to have met you, seriously. I love how you’re always there for me sincerely and care so much.” – Apple Valley Entrepreneur Page 13 of 43 Dakota County Q1 Report 3.31.2023 4 Business Type: Adult Daycare Homes and Services Business Locations: Business Office in Burnsville with homes owned in Inver Grove Heights (2), Apple Valley (1), Farmington (1), Crystal (1), and newest location in New Hope (1) Owners Residences: Eagan & Prior Lake Referred by: Bank Partner MCCD Financing: $37,200 Owner Equity: $37,200 Bank Financing: $297,600 Overview: MCCD partnered with Amplio and a local bank on this real estate transaction for a growing adult daycare and homecare business. Our participation (which is considered equity by the SBA) at 10% of the total project costs allowed the business owners to meet Amplio’s 20% equity requirement and retain much needed working capital in the business. Through the real estate purchase, the owners are adding a new residential home in New Hope, MN to the existing roster of home care facilities where the business operates throughout the Twin Cities region. One of the business’s owners is Native American and the new location will create new opportunities for the community of New Hope. Highlights, Networking, & Outreach Funding & Policy Updates • The MN House of Representatives Economic Development Committee heard testimony of an MCCD Business Advisor and an MCCD client in support of HF 504, the Small Business Partnership Program (SBPP). This year’s SBPP bill has support from the House and Senate Omnibus Budget Bills and, if signed into law, will increase the program’s budget to nonprofit organizations across the state that provide technical assistance to small business owners and entrepreneurs. Additionally, the bill seeks to codify the program for years to come. • In partnership with Minnesota’s Department of Human Services, MCCD launches Minnesota’s first Home and Community Based Services Workforce Development cooperatives grant program. Direct support professionals or retiring business owners who are interested in developing employee-owned cooperatives can apply for the cooperatives grant opportunity via MCCD’s website. Ten grants are available to qualifying applicants and selected groups will receive up to a total of $162,000 (just increased again from $100,000), split over two years, to help direct care workers establish their own employee-owned cooperative businesses or transition a current business to an employee-owned cooperative. Info sessions were held on Feb. 22, March 15, and April 12. More information available via MCCD & MN DHS. Staffing • Congratulations to MCCD’s CEO, Elena Gaarder, honoree of the 2023 Women in Business by Minneapolis-St Paul Business Journal. Elena and the other honorees were selected based on their outstanding professional achievements, leadership qualities and community engagement. • MCCD promotes Dakota County Business Advisor to Open to Business Senior Program Manager. The new role recognizes the work that Natalie has been doing to develop and manage the growth of the Open to Business program. Role responsibilities include resource library management, training and onboarding new team members, supervising interns and fellows, and advancing marketing efforts. Natalie will continue to be the dedicated Business Advisor for Dakota County along with her new role. “I can’t believe this service is offered by the city; our conversation has been incredibly helpful!” – Eagan Entrepreneur Page 14 of 43 Dakota County Q1 Report 3.31.2023 5 Programming, Partnerships, & Trainings • March 29 – MCCD hosted a webinar on how to utilize TikTok for Small Business. The webinar panel included two BIPOC business owners who shared their experience and expertise with the platform. The discussion and Q&A included best practices on maximizing engagement and converting followers to customers. Watch the recording here. • March – MCCD is pleased to announce our participation in the $28M funding package secured for the redevelopment of the Coliseum on 27th and Lake Street in Minneapolis. The project puts a spotlight on the importance of collaboration in community development work. As a Community Development Financial Institution (CDFI), MCCD can use nontraditional funding when there are financing gaps. After exhausting all other funding options through grants, loans, and fundraising, MCCD and partner CDFIs provided gap funding to help ensure the Coliseum can once again be a beacon for local businesses and BIPOC entrepreneurs. CDFI partners include African Development Center, WomenVenture, Mni Sota Fund, Neighborhood Development Center, and MCCD. See the Star Tribune for more background on the project. • April – MCCD launched the 2023 Emerging Leaders in Community Development program which equips students, early-career and mid-career community development professionals with the knowledge and relationships needed to effectively work with people and places to build a more equitable future. The 2023 cohort includes 10 mentors and mentees. • April 18 – In partnership with the UMN Law School, MCCD hosted the first Small Business Law Q&A webinar of 2023. As in past legal Q&As, legal experts provide transaction-based legal assistance to small businesses on a variety of subject matters including entity formation, owner distributions, and commercial lease review. These Q&As are a great opportunity for business owners and entrepreneurs to get free guidance on legal matters. Watch the recording here. • April 27 – MCCD staff completed a 4-part Racial Equity training. Through more than 16 hours of instruction and discussion, the MCCD team learned about core racial equity concepts, communicating to advance racial equity, and how to apply a racial equity lens to our community and economic development work. Advertising & Outreach • In Q1, banker and lender outreach occurred specifically with Amplio, Frandsen Bank, US Bank, Minnwest Bank, CorTrust Bank, Merchants Bank, Think Bank, and Bank Cherokee. • In addition to banker outreach in Q1, written or in-person presentations were made and/or networking efforts were made including testimony at the MN State Capital’s Economic Development Committee on Feb. 15, Northwest Private Industry Council on March 1, the Dakota County Regional Chamber on March 6, presentation to the City of Burnsville EDC on March 8, City of Lakeville & NEOO meeting on April 12, and regular/recurring meetings with the Workforce Development Board’s Business Services/Economic Development Committee. Partnership development / updates occurred with the University of MN Law School, Dakota County CDA, the City of Inver Grove Heights, the City of Farmington, and the City of Eagan. • The Open to Business advertisement library is up to date with the most recent ads and flyers for OTB. New ads will be created and updated periodically so keep checking back. The library was created to help streamline how we share ads with partners and to give partners direct access to choose ads that meet their needs. Access the Ad Library here. Page 15 of 43 Dakota County Q1 Report 3.31.2023 6 MCCD Client Highlight February 2023, The MN House of Representatives Economic Development Committee heard testimony from Dakota County Business Advisor Natalie Mouilso and Burnsville business owner Henrietta Smaller in support of HF 504, the Small Business Partnership Program (SBPP), carried by Burnsville Representative Jessica Hanson. The SBPP was first funded over a decade ago and has been renewed annually since that time with a very small funding amount. This year’s SBPP bill has support from the House and Senate Omnibus Budget Bills and, if signed into law, could significantly increase the program’s budget. This program helps supplement MCCD’s technical assistance work in the Twin Cities region and the program funds nonprofit organizations across the state that provide technical assistance to small business owners and entrepreneurs. In addition to increasing the budget for the program, the 2023 bill also seeks to codify the program for years to come! Business Advisor Natalie Mouilso & Business Owner Henrietta Smaller at the State Capital “Last summer I celebrated 4 years in business and now I am looking to expand and grow my business in a bigger space. As an entrepreneur I have been so supported by my community and customers. Sometimes customers thank me for being in the community and providing them with the products they need. It means a lot to be there for my community, but I’m especially grateful to inspire my kids to not give up and work hard. I’m here today in support of House File 504 because the information, support and guidance funded in part from this program has helped me and my business.” Henrietta Smaller, Owner of Stunning Beauty Supply, Burnsville https://www.shopstunning.com/ Page 16 of 43 ECONOMIC DEVELOPMENT AUTHORITY AGENDA MEMO To: Economic Development Authority From: Stephanie Aman, Economic Development Coordinator Department: Community Development Subject: Approval of Micro Grant for Fissan Training Kennels - R04-23 Meeting: Economic Development Authority - Jun 26 2023 INTRODUCTION: At the March 20, 2023, the Farmington EDA approved and directed staff to create a new Micro Grant program for Farmington businesses. Staff worked with legal and created the appropriate documents including guidelines, application and agreements and opened applications as planned on June 1, 2023. Included in the marketing of this program was a postcard sent to nearly 500 businesses, door to door visits with open downtown businesses, social media posts in the Farmington business group, website presence, and conversations at networking events with Farmington businesses and economic development partners. DISCUSSION: Fissan Training Kennels is the first application received online for the new Micro Grant program. They are requesting $2,500.00 from the program, have presented a bid of $7,538.27 for the work, and meet the eligibility parameters for receiving this funding. BUDGET IMPACT: $2500.00 ACTION REQUESTED: Approve R04-23 allocating $2,500.00 of the EDA Micro Grant Program funds to Fissan Training Kennels. ATTACHMENTS: EDA Resolution R04-23 - Approving Micro Grant for Fissan Training - 2500 FIssanTrainingKennels-Response_2_230616 Fissan Relevant Photo Page 17 of 43 ECONOMIC DEVELOPMENT AUTHORITY OF THE CITY OF FARMINGTON DAKOTA COUNTY STATE OF MINNESOTA RESOLUTION NO. R04-23 A RESOLUTION APPROVING MICRO GRANT FUNDING TO FISSAN TRAINING KENNELS FOR CERTAIN BUSINESS IMPROVEMENTS. WHEREAS, the City of Farmington Economic Development Authority and City Council has identified business growth as a priority pillar; and WHEREAS, the City of Farmington Economic Development Authority has created a new Micro Grant program, allocating twenty-five thousand dollars ($25,000.00) of their budget, to support projects that enhance and expand small businesses; and WHEREAS, the Farmington EDA has agreed to award grant funds up to half of the estimated costs for eligible projects to businesses, not to exceed two thousand five hundred and no dollars ($2,500.00). WHEREAS, on June 14, 2023, Robert and Carol Nassif of Fissan Training Kennels applied for a $2500.00 Micro Grant through the Farmington Economic Development Authority Micro Grant program; and WHEREAS, Robert and Carol Nassif have presented eligible estimates or bids for design creation and installation of a new marquee sign that total $7,538.27. NOW, THEREFORE, BE IT RESOLVED, that the Farmington Mayor and Farmington EDA hereby grant Robert and Carol Nassif of Fissan Training Kennels a Micro Grant in the amount of $2500.00. Adopted by the Farmington Economic Development Authority of the City of Farmington, Minnesota, this 26th day of June, 2023. ATTEST: ____________________________ ______________________________ Steve Wilson, President Deanna Kuennen, Community Development Director Page 18 of 43 Farmington M ic ro Grant 1 / 3 Q1 Busines s name Fis san Training Kennels Q2 Name and title of indiv idual apply ing Carol and Robert Nassif Q3 Busines s Inform ation Addres s 923 8TH Street Addres s 2 same City/Town Farmington State/Provinc e MN ZIP/Pos t al Code 55024 Country USA Email Addres s fissantraining@gm ail.com Phone Number 952-356-6033 Q4 Are you loc ated within the m unic ipal boundaries of Farmington, MN? Yes Q5 Please Ack nowledge the following: I have reviewed and understand the Micro Grant guidelines. #2#2 COMPLETECOMPLETE Col lector:Col lector: Web Link 1 Web Link 1 (Web Link )(Web Link ) Started:Started: Wednesday, June 14, 2023 9:28:47 AMWednesday, June 14, 2023 9:28:47 AM Last Modified:Last Modified: Wednesday, June 14, 2023 9:48:18 AMWednesday, June 14, 2023 9:48:18 AM Time Spent:Time Spent: 00:19:3100:19:31 IP Address:IP Address: 35.148.66.12835.148.66.128 Page 1: Farmington EDA Micro Grant Application Page 19 of 43 Farmington M ic ro Grant 2 / 3 Q6 Is your bus iness regis tered with the s ecretary of state? Yes Q7 Is property up to date on all property taxes and in good s tanding with the City? Yes Q8 Year busines s was founded 2021 Q9 Describe your bus ines s Dog Training/Kennels/Day care/Grooming/Retail Q10 Reques ted grant amount $2500 Q11 Projec t des c ription – narrativ e of how funds will be us ed and how it will help your bus ines s We hav e been work ing towards putting a marquee sign on our building. We have not been able t o sec ure enough money to do so as of y et . We have been v ery busy s o it had bec ome less of a priority in terms of financ es as we were always upgrading things that needed to be in order t o handle the ov erf low of clients we were taking in. Namely we purchased all new indoor kennels to create more space and prov ide a safer environment than our previous sy s t em was able to handle, upgraded s ecurit y cameras , built a priv acy wall bet ween the training floor and storef ront, numerous grooming upgrades, refinished walls in the training floor with a protec tive wains c oating, upgraded internal fencing in the yard and throughout building. This in a addition to s everal other small scale items nev er afforded the opportunity for a sign. Our main focus was t o provide the bes t env ironment to the dogs v isiting our facility. A sign did not fit into that at the time. We currently do not hav e a bus ines s plan put together for this project. We are currently working on finances as well as reorganizing QB with our ac c ountant for last y ear s o do not hav e an accurat e P and L to prov ide at this time. Q12 Attachm ent: Bus iness Plan ST3%20Filled.pdf (511.1KB) Page 20 of 43 Farmington M ic ro Grant 3 / 3 Q13 Attachm ent: Bid/Projec t Cos t Es timates E190-26302.pdf (91.2KB) Q14 Relevant photos depic ting y our projec t FT%20Kennel s%20Render%20(1).pdf (293.4KB) Q15 Financ ial Plan: attach 12 m onths of financial projections AND profit/los s balanc e sheet for the previous 12 months ST3%20Filled.pdf (511.1KB) Q16 Please ack nowledge the following By subm i tting this application, I attest that I have revi ewed the program gui delines and that my application is truthful and com plete. Page 21 of 43 3.5.....a........ #3: ~_ 7'!‘ 6'2: W_mV,u..n.............,.,....§!.._.:_-W.mwMp._mm.3‘:H2._..nuns:-toasty!'sl.S§Il.1.t.._W.n Pa g e 2 2 o f 4 3 ECONOMIC DEVELOPMENT AUTHORITY AGENDA MEMO To: Economic Development Authority From: Stephanie Aman, Economic Development Coordinator Department: EDA Subject: Approval of Micro Grant for Heikkila Studios - R05-23 Meeting: Economic Development Authority - Jun 26 2023 INTRODUCTION: At the March 20, 2023, the Farmington EDA approved and directed staff to create a new Micro Grant program for Farmington businesses. Staff worked with legal and created the appropriate documents including guidelines, application and agreements and opened applications as planned on June 1, 2023. Included in the marketing of this program was a postcard sent to nearly 500 businesses, door to door visits with open downtown businesses, social media posts in the Farmington business group, website presence, and conversations at networking events with Farmington businesses and economic development partners. DISCUSSION: Heikkila Studios would like to improve the area beside their building by removing and replacing the crumbling cement and add flower planters to beautify the space. They have submitted an estimate for work in the amount of $5,387.00 and request a $2,500.00 Micro Grant to help fund this project. Heikkila Studios has met the eligibility requirements for the program. BUDGET IMPACT: $2,500.000 ACTION REQUESTED: Approve R05-23 granting a $2,500.00 Micro Grant to Heikkila Studios. ATTACHMENTS: EDA Resolution R05-23 - Approving Micro Grant for Heikkila Studios - 2500 Heikkila Studios-Response_3_230618 (1) Heikkila Studios Relevant Photo-Cement_20Broken (1) Page 23 of 43 ECONOMIC DEVELOPMENT AUTHORITY OF THE CITY OF FARMINGTON DAKOTA COUNTY STATE OF MINNESOTA RESOLUTION NO. R05-23 A RESOLUTION APPROVING MICRO GRANT FUNDING TO HEIKKILA STUDIOS FOR CERTAIN BUSINESS IMPROVEMENTS. WHEREAS, the City of Farmington Economic Development Authority and City Council has identified business growth as a priority pillar; and WHEREAS, the City of Farmington Economic Development Authority has created a new Micro Grant program, allocating twenty-five thousand dollars ($25,000.00) of their budget, to support projects that enhance and expand small businesses; and WHEREAS, the Farmington EDA has agreed to award grant funds up to half of the estimated costs for eligible projects to businesses, not to exceed two thousand five hundred and no dollars ($2,500.00). WHEREAS, on June 16, 2023, Pam Heikkila of Heikkila Studios applied for a $2500.00 Micro Grant through the Farmington Economic Development Authority Micro Grant program; and WHEREAS, Pam Heikkila has presented eligible estimates or bids for new cement in the alleyway to create beautification between the buildings and create a desirable space for photography that total $5,387.00. NOW, THEREFORE, BE IT RESOLVED, that the Farmington Mayor and Farmington EDA hereby grant Pam Heikkila of Heikkila Studios a Micro Grant in the amount of $2500.00. Adopted by the Farmington Economic Development Authority of the City of Farmington, Minnesota, this 26th day of June, 2023. ATTEST: ____________________________ ______________________________ Steve Wilson, President Deanna Kuennen, Community Development Director Page 24 of 43 Farmington M ic ro Grant 1 / 3 Q1 Busines s name Heikkila Studios Q2 Name and title of indiv idual apply ing Pam Heikkila Q3 Busines s Inform ation Addres s Hei kkila Studi os Addres s 2 349 3rd Street City/Town Farmington State/Provinc e MN ZIP/Pos t al Code 55024 Country USA Email Addres s hei kkilastudios@m ac.com Phone Number 6514689406 Q4 Are you loc ated within the m unic ipal boundaries of Farmington, MN? Yes Q5 Please Ack nowledge the following: I have reviewed and understand the Micro Grant guidelines. #3#3 COMPLETECOMPLETE Col lector:Col lector: Web Link 1 Web Link 1 (Web Link )(Web Link ) Started:Started: Wednesday, June 07, 2023 11:39:53 AMWednesday, June 07, 2023 11:39:53 AM Last Modified:Last Modified: Friday, June 16, 2023 4:50:56 PMFriday, June 16, 2023 4:50:56 PM Time Spent:Time Spent: Over a weekOver a week IP Address:IP Address: 47.41.76.10847.41.76.108 Page 1: Farmington EDA Micro Grant Application Page 25 of 43 Farmington M ic ro Grant 2 / 3 Q6 Is your bus iness regis tered with the s ecretary of state? Yes Q7 Is property up to date on all property taxes and in good s tanding with the City? Yes Q8 Year busines s was founded 1997 Q9 Describe your bus ines s Photography Q10 Reques ted grant amount $2500 Q11 Projec t des c ription – narrativ e of how funds will be us ed and how it will help your bus ines s New Cement in the Alley way. This will help beaut ify the city. I plan to put a gate up to k eep the junior high kids f rom running up and down the very tall s tairway (whic h causes problems). Q12 Attachm ent: Bus iness Plan Business%20Plan.pdf (628.1KB) Q13 Attachm ent: Bid/Projec t Cos t Es timates Cement%20Bi d.pdf (2.2MB) Page 26 of 43 Farmington M ic ro Grant 3 / 3 Q14 Relevant photos depic ting y our projec t Cement%20Broken.pdf (4.4MB) Q15 Financ ial Plan: attach 12 m onths of financial projections AND profit/los s balanc e sheet for the previous 12 months Profit%20and%20Loss.pdf (129.4KB) Q16 Please ack nowledge the following By subm i tting this application, I attest that I have revi ewed the program gui delines and that my application is truthful and com plete. Page 27 of 43 Page 28 of 43 ECONOMIC DEVELOPMENT AUTHORITY AGENDA MEMO To: Economic Development Authority From: Stephanie Aman, Economic Development Coordinator Department: EDA Subject: Marketing Strategy and Guide Meeting: Economic Development Authority - Jun 26 2023 INTRODUCTION: At the request of the Farmington EDA, staff have compiled a summary document outlining the Marketing approach from the Economic Development team for 2023 and beyond. Be bold! ACTION REQUESTED: This guide is being presented for informational purposes only. Staff are available to answer any questions or provide additional information as desired. ATTACHMENTS: Marketing Guidebook 2023 Page 29 of 43 Economic Development Marketing Strategy & Guide This is Our Time. 2023 & Beyond Page 30 of 43 The City of Farmington Economic Development Authority and City Council has identified busi- ness growth as a priority pillar for the City. This Marketing Strategy & Guide identifies where we are today, sets objectives, and starts to outline a path forward to supporting that pillar, Staff are encouraged to be bold in their actions, to think outside the box and to foster relationships that will ensure that Farmington is top of mind when considering expansion and future development. Why Farmington? Included in the guide you will find: The Starting Line: Explore our beginnings and the ‘everyday’ of economic development. How do we tell our story? Relationship Building: What is the importance of fostering connections? How and why do those relationships matter? Innovative Reach: We are extending beyond the ‘norm’ What does being bold mean and how are we unexpected? What is the evolution of the bold brand? Defining our Future: Where do we go from here? Establishing a foundation is priorty #1. How will we enhance our message? Page 31 of 43 Starting line... 2023 is a new beginning! Vision 2040 is starting to take shape as community input is compiled, aggregated, and assessed for direction. Staff is working to understand what has been done in the past, what tools are currently being utlized, and how we want to bold in moving forward. Here is our starting point: 1- Understand the City of Farmington. 2 - Conduct business visits to meet the owners and employees and let them know Farmington is here to help. These introductions create a connection and are helpful for learning the specifics of what makes our businesses successful and how we can replicate and support that success. Staff will create a Business Retention and Expansion (BRE) Plan. 3- Actively engage in the visioning process for the City. Be present. Be visible. Be accessible. 4 - Re-engage in conversations that have gone dark. Ask why. 5- Reivigorate past connections; determine if there is a possible connection for Farmington with them. Network and follow up. Repeat! 6- Respond to inquiries in a timely manner and get to the Yes. If we are unable to get to the de- sired yes, ensure we get to the ‘no’ quickly. Offer creative solutions to opportunities. While not new to Economic Development, the Economic Development team is new to Farm- ington. Staff have familiarized themselves with Farmington-centric information and started the journey to reach out and listen to the businesses. This is important to understand where we have been and what is most important to the businesses here. BRE efforts are already underway. The team has been meeting with local businesses, both down- town and in the industrial park to understand their existing and desired connections to City Hall Staff have participated in several outreach events to ensure that we are seen and approachable including events at the Rambling River Center, Police Open House, and music in the park. More to come! As a fully staffed department, staff are now digging into past proposed projects and prospect files to re-engage in conversations that seemed to have dropped off the radar and are asking ‘why’? Why did a project not choose Farmington? Is there an opportunity to revitalize the conver- sation now? What can we do differently? What was successfu? Listen, learn, and implement. Economic Development is about relationsihps. What connections can staff bring forward? Staff is inviting those conversations to Farmington to tell the story and then asking them to be part of our future. Staff will continue to build on the collective strength of Team Farmington. As staff respond to Re- quests for Information (RFI’s) from various sources - we seek to say YES as often as is possible. If there is something we know we can not fulfill - we seek to get to ‘no’ quickly. Understanding who we are and what we are really great at, is where we want to be. Page 32 of 43 Relationship Building... Ask and show up! Staff will not assume what businesses and the community need, we will ASK! Staff will continue to show up and be bold in our conversations. Some of the ways that we are building relationships is showing up to events, organizing ribbon cuttings, celebrating anniversaries and creating a consis- tent visual presence in the community. A simple, new to us, land map allows staff to to have meaningful conversations around opportunities for that area of the City. Additional maps are in development with the GIS Specialist. This tool has been very impactful at the MREJ events. Unexpected: Postcard to business owners! This allowed us to have outreach to busi- nesses from the city on a bright pop of color design, announcing a new program just for them. It also provided businesses with a direct email and contact to a city employee and a scannable code to the application. Networking at Chamber events have allowed staff to get familiar with local businesses and make connections. Staff have been active in sponsoring, tabling, and speaking or moderating at MREJ Events. Valuable connections and conversations (along with swag giveaways!) happen here. Are people surprised to see us? YES! And we are building on that momentum! Using Technology / Spreading the word! Visual / Simple but Impactful / Farmington Brand! Page 33 of 43 Innovative Reach... 2023 is OUR time! We are only halfway through this year and so much has been done! Contact has been made with over 30 developers, bro- kers, and businesses just from the CVN and MREJ events. Currently, there are 7 separate serious interested parties seeking and propos- ing developments from theses contacts alone. It is often unexpected that cities attend MREJ and we reap those benefits. We are breaking the mold, being bold and using the unexpected in our favor! Networking Events Community Venture Network (CVN) Minnesota Real Esate Journal (MREJ) Vikings Yearbook = Unexpected AND bold! Farmington EDA has purchased a 1/2 page advertisement in this book that is available at all home games. Partnering with and planning local business groundbreaking in cooperation with the Dakota County Chamber. Better together! Communication is key! Working with the city’s Communication Specialist, Community Development staff are embarking on a new journey to use the podcast format to tell our story. One goal is to become a familiar voice (literally!) to the community. This platform allows us to highlight Farmington’s businesses strengths and vision. Say yes! Business View Magazine is featuring Farmington as a leader in creating and executing a vision. By answering the call, telling our story, and saying YES! - Farmington is unexpectedly receiving national attention! Page 34 of 43 Define our Future... Draft Unexpectedly and unapologetically BOLDBOLD Seasonal Swag: Spring - Branded flower pots Summer - Cups for the lake Fall - Ice Cube Balls/Hand Sanitizer Winter - Key Chains/Stress ball Other ideas: Ruler (measure up!) Microfiber wipes All the time swag: Notebooks/notepads Stickers (designs will change) Pens Getting our name out there and making our name known. Bold! It’s in the details... • Staff will assess and work to develop tools and resources includ- ing easy to navigate land and properties for sale/lease guides. • Staff will ensure that all projects have access to creative program- ming options and financing tools to better attract businesses. • Staff will engage in conversations with current land owners/bro- kers to understand availability and pricing. • Staff will be bold in the ask to the EDA and City Council with programming needs to ensure that Farmington is top of mind when considering future development. Unexpected. Bold. How did we get here? We got here - naturally! Staff heard from the City Council and EDA that Farmington was ready to ‘do big things’ to take risks, to be...bold. As we unapologetically show up in places that were unexpected, this has become our message. We deserve to be at the table and we are showing up! We are telling our story and generating ex- citement while we build our foundation and invite others to be part of our vision and future. Unexpectedly and unapologetically bold. Page 35 of 43 This is an exciting time - Farmington’s time! There is momentum and excitement and we are harnassing it, grabbing on and being bold as we move forward into our next phase. Let’s go! What comes next? All the while getting closer to Farmington’s next ‘big thing’... 2024 Workplan Enhanced parterships are key to our story. • Minnesota Real Estate Journal • Community Venture Net- work (CVN) • Dakota County Technical College • Site Location Partners (SLP) Bring our story and vision to strategic national audiences • SLP will allow us to bring Farmington to a national stage • Relationships and connections are key to development Building our toolbox It takes diversified resources • Podcasting • Video production • Social Media • Bold swag • Interactive GIS mapping • Enhanced web presence Foster Farmington’s entrepreneurial spirit! • Micro Grant program • Local Business Podcasting • BRE visits and conversations Page 36 of 43 Community and Economic Development 430 Third St., Farmington, MN 55024 FarmingtonMN.gov Page 37 of 43 ECONOMIC DEVELOPMENT AUTHORITY AGENDA MEMO To: Economic Development Authority From: Deanna Kuennen, Community Dev Director Department: EDA Subject: Proposed EDA Work Plan - 2024 Meeting: Economic Development Authority - Jun 26 2023 INTRODUCTION: At the April EDA meeting, Staff introduced the concept of requesting an economic development authority levy as part of the 2024 budget. Currently the EDA does not have a dedicated funding source for programming, and the annual direct appropriation from the general fund does not fully support the existing EDA activities. Staff worked with Chris Regis, Finance Director, to understand maximum funding that could be realized and dedicated for economic development through the levy as allowed by state statues, as well as other lesser funding scenarios and their impact on the overall levy. Based on that discussion, the EDA requested that Staff provide additional details on how the proposed levy dollars would be used. Staff has prepared the following d raft work plan with proposed activities for discussion purposes - including a $150,000 levy suggestion. Based on the feedback from the EDA, Staff will refine the proposed work plan and bring back for additional discussion and approval. DISCUSSION: Since 2019, the allocation to the EDA to support economic development efforts has been between $40,000-$50,000 annually. The funding is used to support the operations - including memberships, equipment, developer payments (grants programs), and program expenses. The current year EDA budget is $81,500 as follows: Page 38 of 43 With the approved change in the use of some of the 2023 budget - Staff has been able to launch a micro grant program and actively market Farmington for economic development purpos es. Building on these successes and recognizing "quality business growth and retention" is one of the city's priorities - Staff has identified the following activities to pursue in 2024: • Community Venture Network (CVN) - CVN is a membership organization that serves as a potential "match making service" between business leads and communities throughout the Midwest region. The company vets the business leads and provides three (3) events annually where companies present their business needs to member commun ities. CVN connects communities with businesses searching for opportunities to expand and grow, researches businesses nationwide to understand growth goals and supports the businesses/communities throughout the location decision process and beyond. - $4,500 • Minnesota Real Estate Journal (MREJ) - RE Journals is the largest producer of commercial real estate content across the Midwest, hosting events on at least 15 topics every year and offering the most CE credits to area commercial brokers locally. In 2023 the EDA contracted with MREJ which provided sponsorship of summits, speaking opportunities, booths at events/summits, editorial opportunities, and ads on the MREJ website and in print publications. The value in this relationship is access to the commercial brokerage community, name recognition, and a platform to share Farmington stories/vision/plans/opportunities to individuals representing projects and clients. - $10,000 • Site Location Partnership (SLP) - SLP is a multi-disciplined advisory firm that partners with entities to attract new industry, investment, and jobs. The one -year contract involves working together to identify target industries and specific prospects within those industries - including customized databases, personalized outreach, corporate profiles, and introductory calls, identifying and facilitating appointments with site selector consultants, representation at trade shows, web promotion and additional exposure. - $12,500 plus travel to two trade shows. • Bloomberg Placemaking matching grant program (or similar) - There is an opportunity to leverage the investments/changes that are happening in the downtown, build upon the comments coming from the community vision outreach regarding adding more color and art in the community, and implementing a wayfinding program that will connect different aspects of the community (parks, trails, community facilities, parking, etc.). What this specifically looks like is yet to be determined, but in 2023 a "placemaking matching grant program" was offered Page 39 of 43 through Bloomberg Philanthropies. The idea behind the placement program is to use art as a means to connect communities and create vibrant spaces. - $25,000 With the incorporation of these activities and a continuation of ongoing operational expenses - the proposed workplan would translate into the following budget - with some funding remaining for additional activities yet to be determined: Staff will provide additional information regarding the proposed activites and respond to questions. BUDGET IMPACT: No budget impact in 2023. This information is for discussion purposes only, to formulate and prepare a proposed 2024 budget. ACTION REQUESTED: Review and discuss proposed 2024 work plan and EDA levy request of $150,000. Page 40 of 43 ECONOMIC DEVELOPMENT AUTHORITY AGENDA MEMO To: Economic Development Authority From: Deanna Kuennen, Community Dev Director Department: Community Development Subject: Director's Report Meeting: Economic Development Authority - Jun 26 2023 INTRODUCTION: Attached is a summary of various economic development activities. ACTION REQUESTED: No action is requested or required. This is provided for informational purposes. Staff is available to provide additional details and answer any questions. ATTACHMENTS: Directors Report 06-2023 meeting Page 41 of 43 June 2023 DIRECTOR’S REPORT Project highlights and economic development activity summary Projects • Ebert Apartments o All approvals complete o Developers closed on property in May. o Staff submitted RIG grant application ($250,000) o Construction is planned to commence in early September. • Community Vision/Comprehensive Plan Update - HKGi o Community Engagement underway  Farmington Vision | Social Pinpoint (mysocialpinpoint.com)  Police Open House, Music in the Park, Dew Days • Business View Magazine – June/July issue o Farmington is one of four communities to be featured. • Transit/Transportation Option o Will be scheduling open house/workshop with industrial businesses. • Micro Grant o Program launched on June 1, 2023 Prospects ONGOING • Project LOOP – 25 acres, FDI – no update • Project Wendy – 15-30 acres, biotechnology manufacturing – no update • Project Tulip – 60-100 acres, biopharma – additional information submitted on 4-13- 23 – no additional update. NEW/MODIFIED • Other – 60 acres – project scope changed – now seeking 30 -60 acres. Additiona l sites to be submitted. • Oppidan prospect – 200+ acres – information provided along with property owner information. • Project Margarita – 40+ acres, greenfield sites, heavy utility user – site(s) submitted. • Project Nacho – light industrial project, 200 acres – site(s) submitted. • Project Synergy – food manufacturing, 20-40+ acres – site(s) submittal being prepared. NO SUBMISSION OF SITES • Project Albatross** Request for Proposal will be discussed at the meeting, including decision points reviewed to determine if a Farmington proposal should be submitted.** Business Visits • TBD – in process of developing BRE program Meetings MF HOUSING DEVELOPERS • Hamilton Real Estate • Vishal Dutt Page 42 of 43 BROKERS • ARISE Development • Appro/Cerron • Noor Companies (July) DEVELOPMENT PARTNERS • Krueger Real Estate Advisors • Cuningham CVN Business Prospects Other • Booth, MN Real Estate Journal Mid-Year Apartment Summit • Booth, MN Real Estate Journal Mid-Year Forecast Summit • Booth/Speaker, MN Real Estate Journal Southeast Metro Development Summit (sponsored by CDA) Page 43 of 43