HomeMy WebLinkAbout02.18.25 EDA Packet
Meeting Location:
Farmington City Hall, Conf Room 170
430 Third Street
Farmington, MN 55024
ECONOMIC DEVELOPMENT AUTHORITY REGULAR MEETING AGENDA
Tuesday, February 18, 2025
5:00 PM
Page
1. CALL TO ORDER
2. PLEDGE OF ALLEGIANCE
3. ROLL CALL
4. APPROVE AGENDA
5. CITIZEN COMMENTS
6. CONSENT AGENDA
6.1. 2025 Minnesota Real Estate Journal (MREJ) Contract
Authorize the Executive Director to execute the contract with MREJ for
the 2025 Marketing Plan.
Agenda Item: 2025 Minnesota Real Estate Journal (MREJ) Contract -
Pdf
3 - 32
6.2. Annual EDA Business - Acknowledgement of Official Newspaper and
Establishing the Meeting Schedule
Pass a motion to acknowledge the City Council's designation of the
official newspaper and establish the 2025 EDA meeting schedule.
Agenda Item: Annual EDA Business - Acknowledgement of Official
Newspaper and Establishing the Meeting Schedule - Pdf
33 - 37
6.3. Community Venture Network (CVN) 2025 Membership Agreement
Authorize the Executive Director to execute the 2025 Membership
Agreement, for Community Venture Network, with The Brookshire
Company.
Agenda Item: Approval of Community Venture Network (CVN) 2025
Membership Agreement - Pdf
38 - 41
6.4. Minutes of the January 21, 2025 Regular Economic Development 42 - 46
Page 1 of 66
Authority Meeting
Approve the minutes of the January 21, 2025 Regular Economic
Development Authority Meeting.
Agenda Item: Minutes of the January 21, 2025 Regular Economic
Development Authority Meeting - Pdf
6.5. Monthly Financial Report
Accept the Monthly Financial Report.
Agenda Item: Monthly Financial Report - Pdf
47 - 48
6.6. Year-End Report - Open to Business (2024)
No action requested. Report is provided for informational purposes only.
Agenda Item: Year-End Report - Open to Business (2024) - Pdf
49 - 58
7. PUBLIC HEARINGS
8. DISCUSSION ITEMS
8.1. Election of 2025 EDA Chairperson and Vice-Chairperson
The EDA is asked to choose a Chairperson and Vice-Chairperson of the
EDA for 2025.
Agenda Item: Election of 2025 EDA Chairperson and Vice-Chairperson -
Pdf
59
8.2. Economic Development - 2024 Year in Review
No action required.
Agenda Item: Economic Development - 2024 Year in Review - Pdf
60 - 62
9. DIRECTOR'S REPORT
9.1. Director's Report
No action questions. This item is informational and is provided to
communicate how the EDA time and money resources are allocated,
and to track and measure the impact of initiatives.
Agenda Item: Director's Report - Pdf
63 - 66
10. ADJOURN
Page 2 of 66
ECONOMIC DEVELOPMENT AUTHORITY AGENDA MEMO
To: Economic Development Authority
From: Deanna Kuennen, Community & Economic Development Director
Department: EDA
Subject: 2025 Minnesota Real Estate Journal (MREJ) Contract
Meeting: Economic Development Authority - Feb 18 2025
INTRODUCTION:
The MREJ is part of REjournals - the largest producer of commercial real estate content across the
Midwest and Texas providing commercial real estate news, information, and
networking that is both timely and local in 16 states. In both 2023 and 2024, Team Farmington
presented at four (4) events, attended multiple real estate summits focused on targeted topics, and
represented Farmington with a branded booth and specific marketing materials. The 2025 contract
is a continuation allowing for enhanced marketing opportunities.
DISCUSSION:
Staff has worked with the MREJ to continue the marketing partnership that was launched in 2023.
The 2025 contract provides the following:
Development of a rotating suite of ads to be published in the REJournal publications.
Banner ads on the MREJ website
Editorial opportunities (unlimited)
Booths at events Farmington sponsors (minimum of 4)
List of attendees from sponsored events
Speaking opportunities (minimum of 4)
Free passes to event
BUDGET IMPACT:
$10,000 as identified in the 2025 EDA budget.
ACTION REQUESTED:
Authorize the Executive Director to execute the contract with MREJ for the 2025 Marketing Plan.
ATTACHMENTS:
SO_2025 Marketing plan - City of Farmington
2025 Events Calendar
REJ_MediaKit_25
Page 3 of 66
Sponsorship
Agreement
Sponsor Name: City of Farmington
Attn: Deanna Kuennen
Address: 430 Third Street
City/State/Zip: Farmington, MN 55024
Phone: (507) 333-0376
Email: dkuennen@farmingtonmn.gov
This contract represents an agreement between Sponsor and Real Estate Publishing Corporation. ("REPC"), to sponsor the
conference. Sponsor will pay REPC the amount stated below in exchange for the following promotional, public relations and
marketing, including the following:
Sponsorship Details Total
S40 Sponsorship - Custom Event
2025 Marketing plan connected to this opportunity $10,000
City of Farmington - 2025 Marketing Plan -
Ads – MREJ Team will work with Farmington Team to develop rotating ad suite
to be included in the publication.
Banner Ads on the MREJ website from time to time
Editorial Opportunities – You can send as many articles as possible or PR
and I will get it in
Booth at events Farmington is a sponsor.
List of Attendees from events Farmington is a sponsor.
Speaking Opportunities
Free Passes to events
$ 10,000.00
Grand Total: $ 10,000.00
Due to rising costs and our vendors requiring payment in advance, we are now requiring all sponsors pay in advance for all
services Therefore, any event sponsorships must be paid prior to the event date We value you as a business partner and hope
you understand this is necessary to continue to provide you with the services we are known for
To reserve this sponsorship please return an authorized copy of this agreement via email to: Jay Kodytek
Thank you Jay Kodytek
Signature: ___________________________________ Print Name:_Deanna Kuennen, EDA Executive Director_ Date:_ February 18, 2025
Remittance Address: Real Estate Publishing Corporation P.O. Box 75635 Chicago IL 60675-5635
Payment is due upon executing this contract. In the event of cancellation REPC reserves the right to pursue the cost of damages of the
sponsorship in full. Contract is subject to additional terms and conditions relating to logo use photography and event promotion; which can
be found at resummits.com.
Page 4 of 66
2025 Minnesota Real Estate Journal Summit Schedule
January 9th 20th Annual Apartment Summit (not at GVCC)
January 23rd 17th Annual Construction Summit
February 27th 21st Annual Medical Properties Summit
March 7th Building Energy Cost Reduction & Compliance Summit
March 12th 21st Annual Land Development Summit
March 27th 3rd Annual Reuse and Reposition Summit
April 10th 8th Annual Women in Real Estate Summit
April 25th 18th Annual Capital Markets Summit
May 1st MREJ Awards Gala
May 9th 18th Annual Retail and Restaurant Summit
May 22nd 3rd Annual Southeast Development Summit (not at GVCC)
May 30th 13th Annual Mid-Year Commercial Real Estate Forecast
May TBD 10th Annual Fargo Real Estate Forecast Summit
May TBD 7th Annual St Cloud Development Summit (not at GVCC)
June 5th 19th Annual Property Management Summit
June 12th 13th Annual Mid-Year Apartment Summit
June 23rd 24th Annual MREJ Golf Classic #1 @Rush Creek Golf Club
Page 5 of 66
June 9th Annual Rochester Real Estate Forecast Summit
July Summer Commercial Real Estate BASH
August 4th 24th Annual MREJ Golf Classic #2 @ Rush Creek Golf Club
Sept 10th 2rd Annual Cannabis Summit
Sept 19th 13th Annual Multifamily Finance Summit
September 11TH Annual St Paul Commercial Real Estate Summit (Not at GVCC)
October 1st 19th Annual Senior Housing
October 12th Annual Downtown Development Summit
October 30th 27th Annual Industrial Real Estate Summit
November 14th 21st Annual Commercial Real Estate Investment Real Estate Summit
November 19th 13th Annual Condo and HOA Summit
December 5th 12th Annual Affordable Housing Summit
December 12th 21st Annual Office Summit
Page 6 of 66
2025media kit
Texas
Page 7 of 66
Reconnect Through Events
ABOUT US
DIGITAL
PUBLICATIONS
At REjournals, we lead the way in delivering commercial real estate
content throughout the Midwest and Texas. Offering timely, local news and
information across 16 states, we are your go-to source for growing your
commercial real estate business. Capitalize on our comprehensive suiteof
products, including events, publications, and digital strategies, to maximize
your marketing efforts in 2025.
While metrics like clicks, opens, and views provide valuable insights, they can’t
replace the power of personal interaction—the handshake. Make 2025 the
year you strengthen your in-person connections with customers, deal-makers,
and prospects. By sponsoring and speaking at our events across the Midwest
and Texas, you can effectively elevate your brand, share market insights, and
forge new industry connections. Commit to expanding your network this year.
Your company deserves a strong presence, and REjournals events offer the
ideal platform.
REjournals offers nine publications throughout the Midwest and Texas,
providing the perfect platform to deliver your marketing message to a
targeted audience of deal-makers and decision-makers. Our publications
equip you with the tools to reach an engaged readership spanning all sectors
of the commercial real estate industry. Known for our in-depth journalism, we
offer the analysis our readers depend on to stay ahead of trends and monitor
real estate activity in their local markets. Our publications are essential for
decision-making, ensuring they are read thoroughly. Amplify your marketing
strategy with a voice that resonates—REjournals publications fulfill this role.
Our digital platform is the most rapidly expanding area of our business.
We’ve broadened our content delivery with a website that features daily
updates, email newsletters offering targeted commercial real estate news
to tens of thousands of subscribers, and social media posts spotlighting
the day’s top stories. Our mission is clear: to connect with our audience
wherever they are.
Page 1
Texas
Page 8 of 66
Scan for a list of
upcoming events
@rejournals
@rednews
@minnesotarealestatejournal
@illinoisrealestatejournal
@propertiesmagazine
@rejournals
@REDnews_CRE
@rejournals
@REDnews_cre
With over 150 events held across 16 states, we cover a diverse array of topics to suit your inter-
ests. Whether you’re focused on a particular subject or seeking events in your city, REjournals has
something just for you. Discover the upcoming events in your area and seize the opportunity to
participate as a speaker or sponsor.
Contact your dedicated sales representative today to explore these exciting opportunities!
Apartment
Capital Markets
Construction
Data Centers
Development
Forecast
Property Management
Downtown
Cannabis
Medical
Finance
Industrial
Net Lease
Office
Retail & Restaurant
Supply Chain, Distribution & Logistics
Women in Real Estate
Senior Housing
Commercial Properties Operations & Technology
Redevelopment, Repurpose & Reuse
Affordable Housing
…Plus More!
2025 Topics
Page 2 Page 9 of 66
Minneapolis, Chicago, Houston, Indianapolis, Detroit, Kansas City
EVENTS
Page 3 Page 10 of 66
social events
Page 4
4th
4
Page 11 of 66
Midwest
Real Estate News
Texas
REDnews
Minnesota
Real Estate News
Illinois
Real Estate Journal
Chicago
Industrial Properties
Northeast Ohio
Properties
26,751
8,396
21,860
8,432 10,064
41,980
Circulation Statistics
Page 5
PUBLICATIONS
Texas
Page 12 of 66
JAN/FEB Milwaukee, Chicago,
Cincinnati
Construction,
Multifamily Finance
ISSUE METRO FOCUS STATE FOCUS SPECIAL
SUPPLEMENTS
AD CLOSE/
ART DUE
2/14
4/10
6/13
8/15
10/10
12/5
MAR/APR
MAY/JUN
JULY/AUG
SEPT/OCT
NOV/DEC
FEATURES
Minnesota, Missouri
Indianapolis, Louisville,
Des Moines
Industrial Review,
Multifamily, Net Lease
Kentucky, Nebraska,
Tennessee
Omaha,
Milwaukee/Madison,
Western Michigan
Retail, CRE Finance,
Affordable Housing
Iowa, Kansas,
Michigan
Kansas City, Chicago,
Detroit, Cleveland
Multifamily Finance,
Construction Overview,
Economic Development,
Business Perks
Ohio, Wisconsin
Nashville, Columbus,
St. Louis
Healtchare
Development + Finance,
Multi-Family, Industrial
Indiana, Illinois
Omaha, Kansas City,
Minneapolis/St. Paul
Construction, Finance,
Year in ReviewMichigan, Indiana
Editorial Contributions to Midwest Real Estate News Magazine
Share your industry news and trends, new hires or promotions, sales and leases, or upcoming events with us. Email Dan Rafter at drafter@re-
journals.com. Your news will appear not only in our publications but also on www.rejournals.com and in our digital newsletter every Tuesday
and Thursday. For byline article submissions and guidance, please reach out to Dan before writing. All articles must be exclusive to Midwest
Real Estate News. Art and photography should be submitted as 300 dpi PDF or JPG files (see advertising specifications).
We prefer editorial attachments in Word document format.
For editorial guidance, contact:
Dan Rafter, Editor
Phone: 630-444-0477
Email: drafter@rejournals.com
Best of the Best Women inCommercialReal Estate
Hall of Fame
Page 6
2025 Editorial Calendar
Page 13 of 66
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Susan Mickey
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773-575-9030
smickey@rejournals.com
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312-644-7119
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312-933-8559
menzies@rejournals.com
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Vice President of Sales
248-670-2691
fbiondo@rejournals.com
FOR ADVERTISING INFORMATION, CONTACT:
Directory
Listing $325 $325 $325
2025 Advertising Rates
Page 7 Page 14 of 66
ISSUE EDITORIAL FEATURE AD CLOSE/
ART DUE
Editorial Contributions to IREJ
February
April
June
August
October
December
Multifamily, CRE Finance, Construction Trends, Northwest Indiana
Share your industry news and trends, new hires or promotions, sales and leases, or upcoming events with us. Email Dan Rafter at drafter@rejour-nals.com. Your news will appear not only in our publications but also on www.rejournals.com and in our digital newsletter every Wednesday and Friday. For byline article submissions and guidance, please reach out to Dan before writing. All articles must be exclusive to Midwest Real Estate News.
Art and photography should be submitted as 300 dpi PDF or JPG files (see advertising specifications). We prefer editorial attachments in Word document format.
For editorial guidance, contact:Dan Rafter, EditorPhone: 630-444-0477Email: drafter@rejournals.com
Downtown Suburban and Office, Industrial, Business Parks, Southeast Wisconsin
Finance, Healthcare & Medical Office, Retail, O’Hare Market Area
Property Management, Multifamily & Affordable Housing, Construction Trends
Retail, Downtown, Suburban Office, I-80
Industrial, Senior Housing, Finance, Year in Review
The Illinois Real Estate Journal is a
digital community newspaper for the local
commercial real estate industry. Each issue
of IREJ covers the hottest topics and trends
pertaining to a specific commercial real estate
sector.
The geographic focus gives an in-depth
look at major markets throughout Illinois,
highlighting the important stories and trends
in each area.
Company Profile: An in-depth look at
commercial real estate firms making an
impact in Illinois. Whether it is corporate
giants, successful private firms or new
ventures, we highlight firms with a unique
story to tell.
Professional Profile: A look at a successful
commercial real estate professional,
highlighting the reasons for the person’s
success.
CRE Future Leaders: Once a week we profile
a young professional who has had early
success and who is projected to be a leader
in the real estate industry.
Development Showcase: The Illinois Real
Estate Journal gets the story behind marquee
developments and examines what makes
them a success.
Q&A: The editor of the Illinois Real Estate
Journal often sits down with a highly
successful professional with a unique story
to tell.
News Briefs: Our Briefs sections highlight
the deals and dealmakers that make the
commercial real estate industry such a vibrant
business.
Weekly E-Newsletter: Every Wednesday
and Friday, the Illinois Real Estate Journal
sends its weekly eBlast to approximately
15,000 subscribers. The eBlast is filled with
the latest breaking news, industry profiles and
company announcements.
Directories: Each issue will feature
directories that include: company logo,
company contact info, key contacts, 35-word
services provided, 35-word company
description. Low cost advertising, maximum
exposure.
2/7
4/4
6/6
8/8
10/10
12/12
Page 8
2025 Editorial Calendar
Page 15 of 66
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Quarter Page
47⁄8” x 7”$1,285 $1,090 $1,030
Directory
Listing $325 $325 $325
Women in Real
Estate Profiles $350
Susan Mickey
Classifieds Manager
773-575-9030
smickey@rejournals.com
Ernest Abood
Vice President & MW Conf
Series Sales Director
312-644-7119
eabood@rejournals.com
Mark Menzies
SVP, Publisher
312-933-8559
menzies@rejournals.com
Frank Biondo
Vice President of Sales
248-670-2691
fbiondo@rejournals.com
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Page 9
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ISSUE EDITORIAL FEATURE
Editorial Contributions to MNREJ
February
April
June
August
October
December
Multifamily, Commercial Real Estate Finance and Construction Trends
Share your industry news and trends, new hires or promotions, sales and leases, or upcoming events with us. Email Dan Rafter at drafter@rejournals.com. Your news will appear not only in our publications but also on www.rejournals.com and in our digital newsletter every Monday. For byline article submissions and guid-ance, please reach out to Dan before writing. All articles must be exclusive to Midwest Real Estate News.
Art and photography should be submitted as 300 dpi PDF or JPG files (see advertising specifications). We prefer editorial attachments in Word document format.
For editorial direction, please contact:Dan Rafter,Phone: 630-444-0477Email: drafter@rejournals.com
Industrial Development, Healthcare and Medical Office Updates
Retail and Property Management
Multifamily, Affordable Housing and Office
Industrial Development and Construction Update
Year in Review
The Minnesota Real Estate Journal is a
digital community newspaper for the local
commercial real estate industry. Each issue of
MNREJ covers the hottest topics and trends
pertaining to a specific commercial real estate
sector.
The geographic focus gives an in-depth look
at major markets throughout Minnesota,
highlighting the important stories and trends
in each area.
Company Profile: An in-depth look at com-
mercial real estate firms making an impact
in Minnesota. Whether it is corporate giants,
successful private firms or new ventures, we
highlight firms with a unique story to tell.
Professional Profile: A look at a successful
commercial real estate professional, high-
lighting the reasons for the person’s success.
CRE Future Leaders: Once a week we profile
a young professional who has had early
success and who is projected to be a leader
in the real estate industry.
Development Showcase: The Minnesota
Real Estate Journal gets the story behind
marquee developments and examines what
makes them a success.
Q&A: The editor of the Minnesota Real
Estate Journal often sits down with a highly
successful professional with a unique story
to tell.
News Briefs: Our Briefs sections highlight
the deals and dealmakers that make the
commercial real estate industry such a vibrant
business.
Weekly E-Newsletter: Every Monday,
the Minnesota Real Estate Journal sends
its weekly eBlast to approximately 11,500
subscribers. The eBlast is filled with the
latest breaking news, industry profiles and
company announcements.
Directories: Each issue will feature directo-
ries that include: company logo, company
contact info, key contacts, 35-word services
provided, 35-word company description. Low
cost advertising, maximum exposure.
DIRECTORY
COPY DUE
2/21
4/18
6/20
8/22
10/17
12/12
2025 Editorial Calendar
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Directory
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Cover Package
Includes Logo on Cover
& Full Page Ad
$3,950 $3,250 $2,500
Jeff Johnson
CEO
612-819-0385
jeff.johnson@rejournals.com
Jay Kodytek
Senior Vice President
952-405-7781
jay.kodytek@rejournals.com
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ISSUE
Editorial Contributions to CIP
2025 Market Leaders Forecast - A View From the Top
Capital Markets/Investment Sales
Design & Construction
Year In ReviewTop Industrial Brokers
Investment SalesDistribution Centers Construction UpdatesSite Selections/Land
Industrial Mid-Year Review - Market Leaders ReForecast
Property Management
Special Supplement: 8th Annual BTS, Spec Build, Business Parks Guide
Economic Development
REITs
Cold Storage/Self Storage/Outdoor Storage
Development & Construction
Data Centers & Technology
Developer Profiles
Share your industry news and trends, new hires or promotions, sales and leases, or upcoming events with us. Email Dan Rafter at drafter@rejour-nals.com. Your news will appear not only in our publications but also on www.rejournals.com and in our digital newsletter every Tuesday and Friday. For byline article submissions and guidance, please reach out to Dan before writing. All articles must be exclusive to Midwest Real Estate News.
Art and photography should be submitted as 300 dpi PDF or JPG files (see advertising specifications). We prefer editorial attachments in Word document format.
For editorial guidance, contact:Dan Rafter, EditorPhone: 630-444-0477Email: drafter@rejournals.com
January
July
September
November
March
May
AD CLOSE/
ADT DUE
1/10
3/7
5/9
7/11
9/12
11/7
EDITORIAL FEATURE
Page 12
2025 Editorial Calendar
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Directory
Listing $325 $325 $325
Susan Mickey
Classifieds Manager
773-575-9030
smickey@rejournals.com
Ernest Abood
Vice President & MW Conf
Series Sales Director
312-644-7119
eabood@rejournals.com
Mark Menzies
SVP, Publisher
312-933-8559
menzies@rejournals.com
Frank Biondo
Vice President of Sales
248-670-2691
fbiondo@rejournals.com
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AD SUBMISSION GUIDELINES:
Page 13
2025 Advertising Rates
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Editorial Contributions to REDnews
Share your industry news and trends, new hires or promotions, sales and leases, or upcoming events with us. Email Dan Rafter at drafter@rejour-nals.com. Your news will appear not only in our publications but also on www.rejournals.com and in our digital newsletter every Monday and Fri-day. For byline article submissions and guidance, please reach out to Dan before writing. All articles must be exclusive to Midwest Real Estate News.
Art and photography should be submitted as 300 dpi PDF or JPG files (see advertising specifications). We prefer editorial attachments in Word document format.
For editorial guidance, contact:Dan Rafter, EditorPhone: 630-444-0477Email: drafter@rejournals.com
ISSUE AD
DEADLINEEDITORIAL FEATURE
Texas CRE ICONS and 2025 CRE Forecast
Spring Economic Development GuideBest of the Best: Developers/Construction Companies
Texas CRE AWARDSBest of the Best: Financial Intermediaries/Direct Lenders
Texas Multifamily UpdateBest of the Best: Real Estate Law Firms
Fall Economic Development GuideBest of the Best: Property Management Firms
2026 Commercial Real Estate ForecastBest of the Best: Brokerage Firms/Owners
February 1/17
3/14
5/16
7/18
9/12
11/14
April
June
August
October
December
REDnews is a statewide digital news
magazine for the Texas commercial real
estate industry. Each issue of REDnews
covers the hottest topics and trends
pertaining to a specific commercial real
estate sector.
The geographic focus gives an in-depth
look at major markets throughout Texas,
highlighting the important stories and trends
in each area.
Company Profile: An in-depth look at com-
mercial real estate firms making an impact
in Illinois. Whether it is corporate giants,
successful private firms or new ventures, we
highlight firms with a unique story to tell.
Professional Profile: A look at a successful
commercial real estate professional, high-
lighting the reasons for the person’s success.
CRE Future Leaders: We profile a young
professional who has had early success and
who is projected to be a leader in the real
estate industry.
Development Showcase: REDnews gets the
story behind marquee developments and
examines what makes them a success.
Q&A: The editor of REDnews often sits down
with a highly successful professional with a
unique story to tell.
News Briefs: Our Briefs sections highlight
the deals and dealmakers that make the
commercial real estate industry such a vibrant
business.
Weekly E-Newsletter: Every Monday, RED-
news sends its weekly eBlast to approximately
30,000 subscribers. The eBlast is filled with
the latest breaking news, industry profiles and
company announcements.
Directories: Each issue will feature directo-
ries that include: company logo, company
contact info, key contacts, 35-word services
provided, 35-word company description. Low
cost advertising, maximum exposure.
2025 Editorial Calendar
Texas
Page 14 Page 21 of 66
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Front Cover - (Austin, San Antonio, Houston, Dallas)
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Quarter Page
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Page 15
Texas
Page 22 of 66
ISSUE AD
DEADLINEEDITORIAL FEATURE
Financial Review & Forecast
Legal Services & Risk Management
Landscapes & Hardscapes
Roofing/Building Envelope
Plumbing & HVAC Systems
Environmental Solutions
Interiors
Technology/Security/Fire Protection
Green Building
Renovation & Restoration
Professional Services
Building Products & Maintenance
January 12/20
February 1/24
March 2/25
April 3/25
May 4/25
June 5/23
July 6/25
August 7/25
September 8/25
October 9/25
November 10/24
December 11/25
Established in 1946, Northeast Ohio Properties Magazine is a monthly print and digital publicationdedicated to realty, construction and architecture in Northeast Ohio. Decision-makers turn toProperties each month for industry news, profiles of top companies and development projects,and topical special sections, covering everything from landscaping and roofing to legal issuesand green building.
Email our editor, Mark Watt, at mwatt@propertiesmag.com with industry news and trends; newhires or promotions; upcoming events; and construction/architecture projects to consider forprofile articles. All art and photography attachments should be 300 dpi pdf or jpg files (seeadvertising specifications).
Editorial attachments are preferred as Word documents. Please do not embed photos in copy.Deadline for bylined articles: 20th of the month for consideration in following month’s edition.
For editorial direction, please contact:
Mark Watt, editor, p 216-251-2655, mwatt@propertiesmag.com
Editorial Contributions to Northeast Ohio Properties Magazine
Page 16
2025 Editorial Calendar
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Page 32 of 66
ECONOMIC DEVELOPMENT AUTHORITY AGENDA MEMO
To: Economic Development Authority
From: Deanna Kuennen, Community & Economic Development Director
Department: EDA
Subject: Annual EDA Business - Acknowledgement of Official Newspaper and Establishing
the Meeting Schedule
Meeting: Economic Development Authority - Feb 18 2025
INTRODUCTION:
Per the EDA By-Laws, at the February meeting of the EDA or the next regular meeting, each
calendar year the EDA shall acknowledge the City Council's designation of the official newspaper
and establish the meeting schedule for the year.
DISCUSSION:
Every calendar year, the EDA is required to take certain actions as part of their annual business
meeting. In 2025, the EDA:
1. Acknowledges The Dakota County Tribune as the City Council's designation of the official
newspaper.
2. Establishes the following meeting schedule for 2025:
January 21, 2025 July 21, 2025
February 18, 2025 August 18, 2025
March 17, 2025 September 15, 2025
April 21, 2025 October 20, 2025
May 19, 2025 November 17, 2025
June 16, 2025 December 15, 2025
ACTION REQUESTED:
Pass a motion to acknowledge the City Council's designation of the official newspaper and
establish the 2025 EDA meeting schedule.
ATTACHMENTS:
By-Laws 2023 (adopted 02.21.23)
Page 33 of 66
ECONOMIC DEVELOPMENT AUTHORITY BY-LAWS
Adopted February 22, 2022
These By-Laws,when adopted,are intended to deal with matters not otherwise covered by State Law,
City Ordinance or elsewhere.
Section I—Meetings
SUBD. 1 —Regular meetings of the Economic Development Authority shall be held on the third(3rd)
Monday of each month at 6:00p.m.Any regular meeting falling upon a holiday shall be held on the
following Tuesday at the same time and place. All meetings, including special and adjourned
meetings, shall be held in the City Hall unless otherwise designated.
SUBD. 2—At the FebruaryAuthority meeting or the next regular meeting of the EDA each calendartYggg
year,the Authority shall (1) acknowledge City Council's designation of the official newspaper; (2)
establish the meeting schedule for the year; (3)choose a Chairperson and a Vice-Chairperson,who
shall perform the duties of the Chairperson during the Chairpersons disability or absence, and in case
of a vacancy in the office of Chairperson, and until a successor has been appointed and qualifies to
fulfill the duties of Chairperson,and; (4) staff will serve as the Secretary/Treasurer.
Section U Presidin2 Officer; Rules of Order
SUBD. 1 —The Chairperson shall preside at all meetings of the Authority. In the absence of the
Chairperson,the Vice-Chairperson shall preside. In the absence of both,the Executive Director shall
call the meeting to order and shall preside until the Authority members present at the meeting choose
one of their members to act temporarily as presiding officer.
SUBD.2—The presiding officer shall preserve order, enforce the rule of procedure herein prescribed,
and determine all questions of procedure and order.Except as otherwise provided by statute or by
these rules,the proceedings of the Authority shall be conducted in accordance with the following rules
of order:
A. A motion must be seconded before beingconsidered b the Authority and the presidingYYPg
officer must recognize mover, as well as the seconder.
B. Any motion may be withdrawn by its mover with the consent of his/her second. But a
motion,once debated, cannot be withdrawn except by a majority vote of the Authority.
C. A motion will not be subject to debate until it has been stated by the presiding officer
and he/she has opened it to debate.
D. Each member,while speaking, shall confine himself/herself to the question at hand and
avoid all personal, indecorous, or sarcastic language.
1
Page 34 of 66
E. Whenever any member of the Authority desires to speak on any question,which affects
him/her personally,he/she shall first vacate his/her chair and shall not resume his/her
seat until the matter under consideration has been acted upon.He/she shall be allowed
to make comments on the question as a private citizen only and while a member of the
audience.
F. Whenever public hearings are held,the presiding officer shall allow any member of the
public,the privilege of speaking. A reasonable time shall be allowed to anyone as long
as they are not repeating points already made. The presiding officer shall maintain
order and may rule anyone out of order.
G. At any meeting,the presiding officer will allow the public to participate as long as there
is reason to believe the input is beneficial.
SUBD. 3—Any member may appeal to the Authority from a ruling of the presiding officer. If the
appeal is seconded,the appealing member may speak first on the reason for his/her appeal. General
discussion can then take place on the appeal before a vote. The appeal shall be sustained if it is
approved by a majority of the members present.
Section III—Agendas
SUBD. 1 —The agenda shall be prepared by the EDA Executive Director and shall be closed at noon on
the Thursday preceding the meeting for publication purposes.
SUBD. 2—Any member may place an item on the agenda by so instructing the Executive Director.
SUBD.3—No item shall be placed on the agenda unless the item is expressed in such a way as to clearly
show the subject matter involved.
SUBD. 4—The agenda add-ons are subject to approval by a majority vote of the members present and
further such add-on items may be discussed, but no action may be taken if any member objects.
2
Page 35 of 66
Section IV—Order of Business
SUBD. 1 —Each meeting of the Authority shall convene at the time and place appointed,
therefore. Authority business shall be conducted in the following order:
1) Call to Order
2) Pledge of Allegiance
3) Roll Call
4) Approve Agenda
5) Consent Agenda
6) Public Hearings
7) Discussion Items
8) Director's Report
9) Adjourn
SUBD. 2—The order of business may be varied by the presiding officer, except that all public hearings
shall be held at the time specified in the notice of hearing.
Section V—Minutes
SUBD. 1 —Minutes of each Authority meeting shall be kept by the Executive Director or, in his/her
absence,his/her designee. Resolutions need not be recorded in full in the minutes if they appear in
other permanent recordsof the Executive Director and can be accurately identified from the
description given in the minutes.
SUBD. 2—Minutes of each meeting shall be reduced to typewritten form. At the next regular
Authority meeting, approval of the minutes shall be considered by the Authority. The minutes need
not be read aloud,but the presiding officer shall call for any additions or corrections. If there is an
objection,the Authority shall vote upon the addition or correction. If there are no additions or
corrections,the minutes shall stand approved by motion. If there is an objection,the Authority shall
vote upon the addition or correction and approve the minutes by motion as amended.
Section VI—Quorum and Voting
SUBD. 1 —At all meetings a majority of all members shall constitute a quorum for the transaction of
business.
SUBD. 2—The votes of members on any question pending before the EDA shall be by voice votes.
Roll call vote can be requested by any member, except for the following agenda items; approval of the
agenda; approval of the consent agenda; and the adjournment. The names of those voting for and
against the question shall be recorded in the minutes. If any member present does not vote,the
minutes shall state: "Abstain:Name".
SUBD. 3—Except as otherwise provided by statute, a majority vote of the quorum shall prevail.
3
Page 36 of 66
Section VII—Executive Director
The Authority may appoint and provide for annual performance review of the Executive Director.
Section VIII—Suspension or Amendment of the By-Laws
SUBD. 1 —These by-laws may be temporarily suspended by a unanimous vote of the members present.
SUBD.2—These by-laws shall not be repealed or amended except by a majority vote of the whole
Authority after notice has been given at some preceding meeting.
Section IX—Effective Date
SUBD. 1 -These by-laws have been adopted by the Economic Development Authority
on the 22"d day of February 2022 and become effective immediately.
Attest:
E A E e utive Di e for EDA Chairperson
Date: Z Z( - 2 Date:
4
Page 37 of 66
ECONOMIC DEVELOPMENT AUTHORITY AGENDA MEMO
To: Economic Development Authority
From: Deanna Kuennen, Community & Economic Development Director
Department: EDA
Subject: Community Venture Network (CVN) 2025 Membership Agreement
Meeting: Economic Development Authority - Feb 18 2025
INTRODUCTION:
Community Venture Network (CVN), a program with The Brookshire Company, exists to connect
rural communities with businesses seeking opportunities to expand and grow their operations.
Farmington has been a full member since 2024.
DISCUSSION:
CVN has a proven track record of bringing forward viable opportunities to connect growing
businesses to their communities. As the EDA and Council have asked Staff to go out and be bold
in our work, continuing our work with CVN allows us access to companies we might not have
otherwise known about, and gives us the ability to seek projects that might not otherwise consider
Farmington. Most recently, Staff attended the CVN meeting in January and talked with various
businesses.
CVN hosts three (3) networking events each year where companies that are considering locating or
relocating their business to a more rural area present to the attendees their plans and hopes for
either expansion or relocation. New in 2024, these meeting also included presentations by and
introductions to resources that communities can access. One example is Kansas University and
their Rural Grocery Initiative.
CVN has been a long-standing resource for Staff, and Staff value the events and relationships that
have been built over many years.
BUDGET IMPACT:
$4,500.00
ACTION REQUESTED:
Authorize the Executive Director to execute the 2025 Membership Agreement, for Community
Venture Network, with The Brookshire Company.
ATTACHMENTS:
City of Farmington - CVN Membership Agreement 2025
Page 38 of 66
The Brookshire Company | Commercial and Industrial Real Estate
7900 International Drive, Suite 735, Bloomington, MN 55425 | brookshireco.com |
AGREEMENT FOR SERVICES
THIS AGREEMENT FOR SERVICES (this "Agreement"), made the 17th day of December 2024 with City of
Farmington, Minnesota (the "Member"), and The Brookshire Company, LLC (“BROOKSHIRE”), is an agreement
for Membership in the Community Venture Network ("CVN"). The Member and BROOKSHIRE hereby agree as
follows:
1. Services. BROOKSHIRE agrees to provide the following services to the Member in connection with the
CVN (the "Services"):
a. Management of the CVN. BROOKSHIRE shall provide the following management services:
• support staff services and materials at regularly scheduled meetings of the CVN; and
• notify the Member of dates of meetings, prepare agendas and necessary materials, and conduct
activities relative to the meetings and functions of the CVN.
b. Outreach Program. BROOKSHIRE shall conduct the following outreach program:
• emphasize the availability of Member's economic development resources to the business
community.
• maintain contact with accountants, attorneys, venture capitalists, business brokers, and the
private banking community to generate referrals; and
• initiate and maintain a business prospecting program.
c. Recruiting. BROOKSHIRE shall provide the following recruiting services:
• Prospect List. CVN shall identify business prospects across the following categories (the
"Prospects"):
"Development stage" companies with existing product lines and seeking expansion.
New business owners seeking resources for growth.
Expansions and/or relocations of existing businesses.
Businesses who will provide high quality jobs.
Present a minimum of twenty-four (24) business prospects at regularly scheduled meetings
throughout the year.
• BROOKSHIRE shall conduct preliminary review and screening of the Prospects by providing
the following services:
assess financial and support service needs of Prospects.
prepare uniform summaries of applicants that address Prospects' needs; and
schedule follow-up meetings within the Member's community to arrange for contacts with
Prospects.
BROOKSHIRE may provide additional services as mutually agreed in writing by BROOKSHIRE and the
Member; and unless and until agreed to in writing BROOKSHIRE shall not have any obligation to provide
Zoho Sign Document ID: 309711C8-YZ5MRJ-0M9TDLXP4QDYTULZI_R6OR6RMJ0IOFWO6HVC
Page 39 of 66
The Brookshire Company | Commercial and Industrial Real Estate
7900 International Drive, Suite 735, Bloomington, MN 55425 | brookshireco.com |
additional services and the Member shall not have the obligation to pay for such additional services.
The Services shall be performed by BROOKSHIRE in good faith; and the Member shall provide such
documents, information and other support as reasonably requested by BROOKSHIRE in connection with
the provision of the Services. The Member acknowledges and agrees that BROOKSHIRE is not making
any representations, warranties, or guaranties of any kind regarding the success of the Services provided by
BROOKSHIRE.
2. Payment for Services. In consideration for providing the Services, the Member shall pay BROOKSHIRE an
annual fee of (a) $4,500 for the initial Annual Period (as defined below), payable contemporaneous with the
signing of this Agreement, and (b) the then current annual fee charged by BROOKSHIRE for subsequent
Annual Periods, payable at the commencement of each such Annual Period, provided, that, BROOKSHIRE
shall notify the Member at least 60 days in advance of the end of an Annual Period of any changes in annual
fees and/or significant changes to the CVN program for the subsequent Annual Period. All payments of
annual fees are non-refundable, and non-prorated if this Agreement is terminated prior to the end of an Annual
Period.
3. Term. The initial term of this Agreement shall commence January 1, 2025, through December 31, 2025, and,
thereafter, shall automatically renew for one year periods (the initial 1 year term and each subsequent 1 year
term is an "Annual Period"), unless following the initial term notice of non-renewal is given by either
BROOKSHIRE or the Member to the other party at least 60 days prior to the expiration of the then current
term.
4. Miscellaneous.
a. Notices. All notices, requests, consents, and other communications to be required or permitted under
this Agreement shall be in writing and delivered personally or sent by registered or certified mail or
nationally recognized overnight carrier, postage prepaid, or by email transmission, to the address set
forth below the signatures below, or to such other address set forth in a notice given in the manner
herein provided. All notices, requests, information or other communications shall be deemed to have
been given (i) when delivered if personally delivered; (ii) 3 days after having been placed in the mail,
if delivered by registered or certified mail; (iii) the day after having been placed with a nationally
recognized overnight carrier, if delivered by nationally recognized overnight carrier; and (iv) when
transmitted if transmitted by email.
b. Successors and Assigns. This Agreement and the rights and obligations hereunder shall be binding
upon and inure to the benefit of, the parties hereto and their legal representatives, successors and
permitted assigns.
c. Governing Law. This Agreement, and any claim related directly or indirectly to this Agreement,
or arising thereunder, will be governed by and construed in accordance with the laws of the State
of Minnesota without regard to principles of conflicts of law.
d. Entire Agreement; Modification; Waiver. This Agreement contains the entire agreement of the parties
with respect to the transactions contemplated herein and supersedes all prior understandings and
agreements among the parties (oral or written). No modification, revision or other change to any of the
provisions of this Agreement shall be effective unless in writing and signed by all of the parties to this
Agreement. The failure by either party at any time to enforce any of the provisions of this
Agreement or any right or remedy hereunder or at law or in equity, or to exercise any option herein
provided, shall not constitute a waiver of such provision, right, remedy or option or in any way
Zoho Sign Document ID: 309711C8-YZ5MRJ-0M9TDLXP4QDYTULZI_R6OR6RMJ0IOFWO6HVC
Page 40 of 66
The Brookshire Company | Commercial and Industrial Real Estate
7900 International Drive, Suite 735, Bloomington, MN 55425 | brookshireco.com |
affect the validity of this Agreement. The waiver of any default by either party shall not be deemed
a continuing waiver but shall apply solely to the instance to which such waiver is directed. In any
event, no waiver shall be effective unless in writing and signed by the party against whom
enforcement is sought.
e. Execution and Counterparts. This Agreement may be executed by any party in a separate counterpart,
or any number of separate counterparts, each of which counterparts when so executed and delivered
shall be deemed an original, and such separate counterparts together shall constitute one instrument.
IN WITNESS WHEREOF, the parties have executed this Agreement as of the date first written above.
The Brookshire Company, LLC City of Farmington, Minnesota
By:
Gerald Norton, Managing Director
By:
Its:
Zoho Sign Document ID: 309711C8-YZ5MRJ-0M9TDLXP4QDYTULZI_R6OR6RMJ0IOFWO6HVC
Page 41 of 66
AGENDA MEMO
To: Mayor, Councilmembers and City Administrator
From: Shirley Buecksler, City Clerk
Department: Administration
Subject: Minutes of the January 21, 2025 Regular Economic Development Authority
Meeting
Meeting: Economic Development Authority - Feb 18 2025
INTRODUCTION:
For approval are the minutes of the January 21, 2025 Regular Economic Development Authority
Meeting.
ACTION REQUESTED:
Approve the minutes of the January 21, 2025 Regular Economic Development Authority Meeting.
ATTACHMENTS:
01.21.25 EDA Minutes
Page 42 of 66
EDA Minutes of January 21, 2025 Page 1 of 4
City of Farmington
Economic Development Authority
Regular Meeting Minutes
Tuesday, January 21, 2025
The Farmington Economic Development Authority met in regular session on Tuesday,
January 21, 2025, at Farmington City Hall, 430 3rd Street, Farmington, Minnesota.
1. CALL TO ORDER
Chair Wilson called the meeting to order at 6:15 p.m.
2. PLEDGE OF ALLEGIANCE
Chair Wilson lead everyone in the Pledge of Allegiance.
3. ROLL CALL
Members Present: Chair Steve Wilson
Commissioners Holly Bernatz, Jake Cordes, Joshua Hoyt,
and Nick Lien
Members Absent: None
Staff Present: Lynn Gorski, City Administrator
Deanna Kuennen, EDA Executive Director
Stephanie Aman, Community Development Coordinator
Shirley Buecksler, City Clerk
4. APPROVE AGENDA
Motion was made by Commissioner Hoyt and seconded by Commissioner
Bernatz to approve the agenda, as presented.
Motion carried: 5 ayes / 0 nays
5. CITIZEN COMMENTS
No one addressed the Commission to speak.
6. CONSENT AGENDA
6.1 Minutes of the September 16, 2024 Regular Economic Develop ment
Authority Meeting
6.2 Minutes of the November 18, 2024 Regular Economic Development Authority
Meeting
6.3 Monthly Financial Report
Page 43 of 66
EDA Minutes of January 21, 2025 Page 2 of 4
Motion was made by Commissioner Hoyt and seconded by Commissioner
Bernatz to approve the Consent Agenda, as presented.
Motion carried: 5 ayes / 0 nays
7. PUBLIC HEARINGS
There were no public hearings.
8. DISCUSSION ITEMS
8.1 Issuance of TIF Note and Certification of Completion – Ten Nineteen
Development LLC
In June 2023, the EDA approved a Contract for Private Redevelopment
between the EDA and Ten Nineteen Development LLC to support the private
efforts to develop, redevelop, rehabilitate, and renovate properties
associated with The Emery - a 74-unit market rate apartment building. The
contract identified the terms and conditions related to the financial
assistance requested and provided in the form of Tax Increme nt Financing
(TIF). All terms and conditions of the contract have been satisfied. The
Redeveloper is requesting that the TIF Note be issued.
Motion was made by Commissioner Hoyt and seconded by Commissioner
Cordes to adopt Resolution 2025-01 Authorizing the Certificate of
Completion and Issuance of TIF Note as Provided in the Contract for Private
Redevelopment by and between the Economic Development Authority of
the City of Farmington and Ten Nineteen Development LLC.
Motion carried: 5 ayes / 0 nays
8.2 Letter of Support – T-Mobile Hometown Grant
Executive Director Kuennen presented the Wayfinding Plan, which focu ses
on using signage to reconnect its residential neighborhoods to the
downtown area. The plan is comprehensive and looks at everything from
monument signs and their placement, to park kiosks, directional signage,
and downtown identifiers. Since there is not a dedica ted funding source to
implement the plan, the next step is to identify potential funding sources to
assist with its phased implementation. The T-Mobile Hometown Grant is one
potential funding source. The grant will help fund projects that foster local
connections, like technology upgrades, outdoor spaces, the arts, and
community centers.
Page 44 of 66
EDA Minutes of January 21, 2025 Page 3 of 4
The EDA asked questions, received answers, and agreed that the Wayfinding
Plan is a beautiful display and a level of polish to the downtown. Discussion
included ideas on where to start with the plan.
Motion was made by Commissioner Hoyt and seconded by Commissioner
Bernatz to authorize the Executive Director to submit a letter of support for
the T-Mobile Hometown Grant on behalf of the EDA.
Motion carried: 5 ayes / 0 nays
8.3 Building a Stronger Future Together: Farmington Business Summit
The Summit is being held on February 4, 2025 beg inning at 3 pm at The
Community Room in downtown Farmington. Registration is required.
The agenda is as follows:
3:00 – 3:15 pm Welcome, check in, and refreshments
3:15 – 3:30 pm Introduction and overview of economic development
initiatives
3:30 – 4:15 pm Introduction of and presentation by Dakota County
Technical College and Inver Hills Community College staff
on workforce training and future offerings for our business
community
4:15 – 4:30 pm Introduction of Minnesota Department of Employment and
Economic Development and Metropolitan Consortium of
Community Developers staff and offerings
4:30 – 4:45 pm Discussion of next steps
4:45 – 5:00 pm Open forum, additional networking time, and surveys
Post survey and Summit, Staff and the colleges will gather and review the
data collected and determine the best actionable steps based on the
feedback received.
9. DIRECTOR’S REPORT
9.1 Director’s Report
10. ADJOURNMENT
Motion was made by Commissioner Hoyt and seconded by Commissioner Lien to
adjourn the meeting at 6:47 p.m.
Motion carried: 5 ayes / 0 nays
Page 45 of 66
EDA Minutes of January 21, 2025 Page 4 of 4
Respectfully submitted,
Shirley R Buecksler
City Clerk
Page 46 of 66
ECONOMIC DEVELOPMENT AUTHORITY AGENDA MEMO
To: Economic Development Authority
From: Deanna Kuennen, Community & Economic Development Director
Department: EDA
Subject: Monthly Financial Report
Meeting: Economic Development Authority - Feb 18 2025
INTRODUCTION:
Attached is the monthly Financial Report as of February 1, 2025.
DISCUSSION:
Attached is the monthly Finance Report as of February 1, 2025 including a summary of the
approved 2025 budget.
Items to note:
The Unaudited Fund Balance amount may change.
There is $64,250 of unallocated funds included in the budget. These funds are intended to
be used to advance project/initiatives/studies that align with the EDA goals.
ACTION REQUESTED:
Accept the Monthly Financial Report.
ATTACHMENTS:
EDA Report - 2025
Page 47 of 66
Business
Unit
Object
Account
Account
Description
Cumulative 12
Actual
2022
Cumulative 12
Budget
2022
Cumulative 12
Actual
2023
Cumulative 12
Budget
2023
Cumulative 12
Actual
2024
Cumulative 12
Budget
2024
Cumulative 12
Actual
2025
Cumulative 12
Budget
2025
NOTES
2000 - HRA/ECONOMIC DEVELOP3510 UNRESERVED FUND BALANCE -201,846.92 -248,988.23 -274,949.46 -406,348.84 UNAUDITED FUND BALANCE*
2000 - HRA/ECONOMIC DEVELOP4011 CURRENT PROPERTY TAX 0.00 0.00 -150,000.00 -150,000.00 0.00 -250,000.00
2000 - HRA/ECONOMIC DEVELOP4516 ADMINISTRATION FEES - PROJECTS 0.00 0.00 -8,738.25 0.00 0.00 0.00 0.00 0.00
2000 - HRA/ECONOMIC DEVELOP4955 INTEREST ON INVESTMENTS -3,424.71 -2,400.00 -6,929.07 -1,600.00 -14,099.70 -1,000.00 0.00 -2,600.00
2000 - HRA/ECONOMIC DEVELOP4960 GAIN/LOSS INVEST MKT VALUE 10,051.87 -4,452.95 0.00 0.00
2000 - HRA/ECONOMIC DEVELOP5205 OPERATING TRANSFERS -50,000.00 -50,000.00 -86,969.00 -50,000.00 -50,000.00 -50,000.00 0.00 0.00
-252,600.00 TOTAL REVENUE
2000 - HRA/ECONOMIC DEVELOP6210 OFFICE SUPPLIES 0.00 0.00 21.51 0.00
2000 - HRA/ECONOMIC DEVELOP6280 BOOKS & SUBSCRIPTIONS 0.00 0.00 349.00 150.00 70.00 150.00 Finance & Commerce, Business
Journal, etc.
2000 - HRA/ECONOMIC DEVELOP6401 PROFESSIONAL SERVICES 0.00 11,650.00 24,993.25 1,000.00 43,500.00 5,000.00 0.00 25,000.00 TBD - example: consultant
services for econ dev initiatives
2000 - HRA/ECONOMIC DEVELOP6403 LEGAL 0.00 2,000.00 9,245.47 1,000.00 1,156.50 3,000.00 0.00 3,000.00
2000 - HRA/ECONOMIC DEVELOP6426 INSURANCE 485.90 550.00 579.71 560.00 376.68 600.00 50.00 600.00
2000 - HRA/ECONOMIC DEVELOP6445 POSTAGE/SHIPPING FEES 0.00 0.00 37.66 1,000.00 0.00 1,000.00
2000 - HRA/ECONOMIC DEVELOP6450 OUTSIDE PRINTING 0.00 500.00 2,041.54 250.00 2,720.49 2,500.00 0.00 3,000.00 Marketing Materials
2000 - HRA/ECONOMIC DEVELOP6455 LEGAL NOTICES 0.00 792.00 100.00 0.00 500.00 0.00 500.00
2000 - HRA/ECONOMIC DEVELOP6460 MEMBER DUES & LICENSURE 1,790.00 2,000.00 2,988.75 2,500.00 8,360.05 3,500.00 2,800.00 8,500.00 Chamber, MAEDC, EDAM, CVN
2000 - HRA/ECONOMIC DEVELOP6470 TRAINING & SUBSISTANCE 2,588.74 3,000.00 2,827.68 3,500.00 4,146.26 5,000.00 0.00 5,000.00 EDAM Conf, MAEDA Conf,
2000 - HRA/ECONOMIC DEVELOP6480 MEETING EXPENSE 183.20 349.66 493.97 0.00 500.00
2000 - HRA/ECONOMIC DEVELOP6485 MILEAGE REIMBURSEMENT 1,324.47 400.00 3,270.24 1,000.00 3,088.20 3,000.00 0.00 5,100.00
2000 - HRA/ECONOMIC DEVELOP6492 ADVERTISING 0.00 2,500.00 8,715.05 0.00 0.00 0.00 0.00 0.00
2000 - HRA/ECONOMIC DEVELOP6505 EQUIPMENT REPAIR/MAINTENANCE 1,200.00 0.00 0.00 1,600.00 0.00 1,000.00 0.00 1,000.00
2000 - HRA/ECONOMIC DEVELOP6550 DEVELOPER PAYMENTS 16,510.00 20,175.69 60,000.00 0.00 50,000.00 0.00 50,000.00 Future loan/grant programs
2000 - HRA/ECONOMIC DEVELOP6570 PROGRAMMING EXPENSE 5,200.00 8,000.00 5,150.00 10,000.00 5,500.00 10,000.00 0.00 85,000.00 Open to Business, MREJ
2000 - HRA/ECONOMIC DEVELOP7310 OPERATING TRANSFERS -44,366.78 0.00 0.00 0.00 0.00 0.00 0.00 0.00
2000 - HRA/ECONOMIC DEVELOP7420 OTHER 0.00 0.00 0.00 0.00 12,950.00 64,750.00 0.00 0.00
188,350.00 TOTAL EXPENSES
-64,250.00 UNALLOCATED FUNDS
Total 2000 - HRA/ECONOMIC DEVELOPMENT 0.00 -8,684.00 0.00 29,910.00 0.00 -51,000.00 0.00 -64,250.00
0.00 -8,684.00 0.00 29,910.00 0.00 -51,000.00 0.00 -64,250.00
0.00 -8,684.00 0.00 29,910.00 0.00 -51,000.00 0.00 -64,250.00
UNAUDITED FUND BALANCE
12/31/2023 Fund Balance =
$274,949.46
No loan/grant program in 2024
(+$50,000)
Funds allocated for AUAR - but
was paid for by developers
(+39,000)
2025 FINANCIAL REPORT FOR EDA - January
Pa
g
e
4
8
o
f
6
6
ECONOMIC DEVELOPMENT AUTHORITY AGENDA MEMO
To: Economic Development Authority
From: Deanna Kuennen, Community & Economic Development Director
Department: EDA
Subject: Year-End Report - Open to Business (2024)
Meeting: Economic Development Authority - Feb 18 2025
INTRODUCTION:
The Open to Business Program provides technical assistance and access to capital to small
businesses and potential entrepreneurs in Dakota County. As required, the Dakota County Open to
Business, Business Advisor provides a quarterly report outlining clients served and case studies.
Attached is the Year End Report for 2024.
DISCUSSION:
Open to Business provides technical assistance and access to capital to small business and
potential entrepreneurs in Dakota County. Through the joint powers agreement, communities within
the county agree to leverage their individual funds for this important service. In addition to the
technical assistance and access to capital that is provided directly to the small businesses and
entrepreneurs, the designated Business Advisor, Natalie Mouilso, meets monthly with City Staff. In
2024, Natalie Mouilso also participated in the summer Business Resource Fair and has made
herself available to attend business gatherings throughout the year so that she can continue to
share information about resources available to businesses.
In Farmington:
13 businesses assisted
7/13 businesses are / will be based in Farmington
6/13 businesses were owned by Farmington residents but based outside of the city
118 Technical Assistance Hours logged for these clients
Of the businesses served:
7/13 businesses served were BIPOC owned
7/13 were low income owned
3/13 were women owned
1 loan was made to a business owner who lives in Farmington
The 2024 Year End Summary is attached.
BUDGET IMPACT:
$5,500 annually specifically included in the EDA budget.
Page 49 of 66
ACTION REQUESTED:
No action requested. Report is provided for informational purposes only.
ATTACHMENTS:
Dakota County - Open to Business Q4 Report - 2024
2025 Lending Info Session Flyer
Page 50 of 66
Business Advisor for Dakota County: Natalie Mouilso, nmouilso@mccdmn.org, 952 -451-6390
Fourth Quarter – 12/31/2024
Clients Served YTD
Client Inquiry 01
Existing - Challenged 23
Existing -Opportunity 57
Pre-start planning 56
Start-up 28
Total 165
Business Owner Demographics YTD
# of Clients
Low-Income Owned 78 (47%)
BIPOC or Immigrant Owned 89 (52%)
Woman Owned 81 (49%)
Financing & Access to Capital YTD
Loans & Grants
Approved (YRLY Total) $ 223,790.00
Equity (YRLY Total) $ 721,260.00
Facilitated/Other (YRLY Total) $ 97,000.00
Total Investment $1,042,050.00
Program Hours
TA Program HRS
1st QTR 370.75 251
2nd QTR 499.75 238
3rd QTR 301.25 178
4th QTR 332.25 223
Total 1,504.00 890
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
Page 51 of 66
Open to Business Report
2
Industry Segment YTD
Construction / Real Estate 04
Food 28
Health/Fitness 16
Manufacturing 04
Consulting 13
Retail 26
Service 38
Technology 02
Other/Undecided 34
Total 165
Referral Source YTD
Bank Referral
23
Entrepreneur 11
Friends and Family 19
Municipality 30
MCCD Partner 18
Other 19
Web 51
Total 165
City YTD Business Resident
Apple Valley 24 19
Burnsville 29 14
Eagan 23 17
Farmington 07 11
Hastings 07 04
Inver Grove Heights 08 10
Lakeville 20 25
Mendota Heights 01 01
Rosemount 07 09
South St. Paul 10 06
West St. Paul 09 05
Other Dakota Co. 02 04
Other/ No Data 18 40
Page 52 of 66
Open to Business Report
3
Direct Financing & Access to Capital
Business Type: fast casual pizza franchise
Business City: Apple Valley
Residence City: Lakeville
Referred by: Bank Partner
MCCD Financing: $42,000
Owner Equity: $460,000
Other Financing: $18,000 MN DEED Small Business Loan Participation Program
Overview: MCCD began working with this recent startup in Fall, 2023. The business sought working capital to
implement a marketing plan to build local awareness and grow sales. Through MCCD, the business spent fo ur
months working closely with a bookkeeping/accounting advisor to gain skills and expertise in financial
management of the business. They wrote a marketing plan and met with independent consultants to get
additional insight into their business operations. The business was approved for the MCCD loan in early April
with 30% participation from MN DEED SBLPP. The business is owned by four immigrants and is expected to
employ a total of 7 after the market plan is implemented .
Business Type: coffee & empanada trailer
Business City: Mobile business, primarily in Rosemount, Lakeville, and Burnsville
Residence City: Apple Valley
Referred by: City of Rosemount
MCCD Financing: $33,500
Owner Equity: $5,000
Overview: Open to Business began working with this client in March 2023 after he was referred by the City of
Rosemount. This entrepreneur had a strong culinary background with dreams of opening a restaurant or coffee
shop. He decided to start with a mobile food cart to prove out his business concept and generate a local
following. The business launched later in 2023 serving coffee, espresso, and handmade empanadas . By early
2024 it was clear that there was strong demand, and the business was ready to take it to the next level. The
business was approved for an MCCD loan to finance a fully customized food trailer which will add capacity,
streamline operations, and increase efficiency. You can find this food trailer at summer farmers markets in
Rosemount, Lakeville, and Burnsville and other community events including the Rosemount High School Spring
and Fall Craft Fair, the Apple Valley Home and Garden Expo, and the Rosemount Community Expo.
Business Type: Mexican food trailer
Business City: Mobile business, primarily in West Saint Paul
Residence City: West Saint Paul
Referred by: Bank Partner, Blaze Credit Union
MCCD Financing: $50,000
Owner Equity: $26,500
Overview: This startup food trailer business is named after the client’s mother and will serve authentic Mexican
street tacos, burritos, gorditas, birria quesadillas , and salsas all based on family recipes as well as vegetarian and
vegan friendly options. The entrepreneur has a strong background in food service and has always dreamed of
having his own restaurant. He also believes in giving back to the community and sees his food trailer as an
excellent way to support local sporting events and sports boos ters programs. Look for the trailer at farmers
markets, sports events, local schools, breweries, and parties in West Saint Paul.
Page 53 of 66
Open to Business Report
4
Business Type: bubble tea franchise
Business City: Apple Valley
Residence City: Savage
Referred by: Bank Partner, Royal Credit Union
MCCD Financing: $50,000
Owner Equity: $224,086
Other Financing / Funding: $72,000
Overview: This business owner is bringing a nationally recognized bubble tea franchise to Apply Valley. With
decades of retail experience, the entrepreneur and her husband are well prepared to open their own bubble tea
store. They approached MCCD through a banker referral in February and we worked together through the initial
planning process. The loan request for working capital was approved in July. This BIPOC & immigrant owned
business will create jobs for both owners as well as 3 other jobs for the community. The grand opening is
planned for mid -August.
“Natalie is the best loan officer ever; she has been so kind and helpful.
This loan has helped a lot with our cashflow and inventory purchase, and I would definitely refer
other business owners to MCCD!” – MCCD Loan Client, Apple Valley
Business Type: online kids retailer
Business City: West Saint Paul
Residence City: Inver Grove Heights
Referred by: MCCD Loan Client
MCCD Financing: $25,630
Owner Equity: $3,300
Other Financing / Funding: $4,000
Overview: MCCD approved a $25,000 loan to a growing WSP business. This business is an online retail store
that’s been in business for about 3 years. The business came to MCCD seeking funding to establish an office
location for business operations. The business does not plan to have a storefront, yet, but the new location will
allow the business to grow and maximize the online store’s capabili ties and sales. The loan will retain a full-time
job for the owner and create a new part-time job. The business is Hispanic and low income owned.
“I am very grateful for all the support and guidance I received from MCCD. I would recommend to anyone looking to
start or grow their business.” – MCCD Loan Client, West Saint Paul
Business Type: Salon Suite
Business City: Eagan
Residence City: Farmington
Referred by: Bank Partner, Minnwest Bank
MCCD Financing: $20,000
Owner Equity: $1,619
Overview: MCCD approved a $20,000 loan to this industry veteran. After 10 years working in a salon as an
employee, this business owner decided to break out on her own and establish her own brand and business in a
salon suite building in Eagan. The business owner has the knowledge, expertise, and clientele to set herself up
for success and MCCD provided the working capital for her equipment, inventory, and supplies for the space.
“Yes, I would recommend MCCD to another business owner! This is a great option for a small business loan and to
keep the interest rate low!” – MCCD Loan Client, Eagan
Page 54 of 66
Open to Business Report
5
Business Type: Consulting & Marketing
Business City: South Saint Paul
Residence City: South Saint Paul
Grant Facilitated: $3,000
Owner Equity: $500
Overview: This entrepreneur has been working with OTB since August of 2023, carefully planning her consulting
business which specializes in marketing & branding. The entrepreneur is a low -income single parent and in the
face of these challenges, she continues to build a strong small business plan with support from MCCD and our
partners over the past 1.5 years. In December 2024, the entrepreneur completed the St. Thomas SBDC’s
Community Entrepreneurship program and secured the funding needed to move her business forward, a $3,000
grant for equipment & supplies. The entrepreneur has also been working with Vocatio nal Rehab Services and
expects to receive a second grant, for $4,000, in 2025 through that program.
Credit Builder Loans
In collaboration with nonprofit partners who provide credit building & financial awareness counseling, MCCD provides
Credit Builder Loans (CBLs) to qualified applicants seeking to improve their personal credit. Credit Builder applicants
complete financial training through MCCD’s partners and are then referred to MCCD for a CBL. MCCD generates and
services CBLs in -house.
2024 Credit Builder Loans YTD
Resident City Loan Amount
Inver Grove Heights $240
Burnsville $240
Burnsville $240
Eagan $240
Lakeville $240
South Saint Paul $500
Eagan $240
Lakeville $240
Lakeville $240
Lakeville $240
TOTAL $2,660
Highlights, Networking, & Outreach
Staffing Updates
• MCCD welcomes Howard Bailey as our new Senior Loan Officer. Howard brings a wealth of experience in
underwriting for community mortgage programs, including FHA, USDA, and VA loans. We are thrilled to
welcome him to the team.
Page 55 of 66
Open to Business Report
6
Programming, Partnerships, & Trainings
• November 1 – MCCD receives a renewal of our contract agreement to be a lending partner for MN DEED’s
Emerging Entrepreneur Loan Program (EELP) through August 2026. The EELP has been in existence for many
years and MCCD has long utilized these loan funds to provide capital for businesses that are owned and
operated by minorities, low -income persons, women, veterans and/or persons with disabiliti es. Our recent
allocation is $150,000 in nonrecourse funds . Loans made through EELP have the added benefits of zero closing
costs paid by the borrower and up to 10% forgiveness of the loan’s principal balance after two years of timely
payments.
• November 7 – MCCD rolls out a new lending mentorship program for business advisors and loan officers. Each
team member is paired with a mentor to guide them through the loan underwriting process in a manner that
aligns with their preferred learning style and specific needs .
• November 14 – MCCD celebrated its 35th birthday with breakfast, networking, and music at the Historic
Coliseum Building. Our program of guest speakers included community partners from MN DEED, SBA, MN
Housing, Riverton Community Housing, Family Housing Fund, Shake LLC, and Redesign, Inc. Thank you to our
speakers, attendees, and to our sponsors for supporting our mission to advance racial and economic justice.
• November 21 – MCCD sponsored a virtual and in-person informational session: Small Businesses & The
Corporate Transparency Act: Last Chance to Comply presented by local attorneys from Stinson LLP and
Minnesota Law students.
• December – MCCD published our 2023-2024 Annual Report summarizing programming and milestones from the
past year as well as what to expect in 2025.
• February 18 – In 2025, MCCD will host hybrid lending info sessions every other week via zoom and in person at
the MCCD office. The sessions are designed to give potential loan applicants a solid understanding of our loan
application process.
Advertising & Outreach
• In the last quarter, banker and lender outreach occurred specifically with Drake Bank, Choice Bank, Coulee Bank,
Lakeview Bank, Merchants Bank, Minnwest Bank, Royal Credit Union, Think Bank, US Bank, and Wings Credit
Union.
• In addition to lending outreach, written or in -person presentations were made and/or networking efforts were
made including with the City of South Saint Paul meeting on Nov 12, the UMN Law School ongoing partnership
discussions, and a presentation to Dakota County CDA & Cities on Dec 19 as well as regular check ins with City of
Farmington and Dakota County CDA.
• 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 56 of 66
Open to Business Report
7
Quarterly Highlight
On November 14th, MCCD celebrated its 35th birthday with breakfast, networking, and music at the Historic Coliseum
Building. Our program of guest speakers included community partners from MN DEED, SBA, MN Housing, Riverton
Community Housing, Family Housing Fund, Shake LLC, and Redesign, Inc.
“Moving into 2025, we’ve sharpened our focus and re -dedicated ourselves to leveraging and stewarding resources in
ways that build on the inherent assets and leadership in communities that have been impacted by generations of
exclusion and extraction. We’re reimagining how we can better support the community development sector across the
state to deepen practitioner skills, expand its ability to engage in public policy and elevate BIPOC leadership.”
– Elena Gaarder, MCCD Chief Executive Officer & Gunnar Carlson, Chair, Board of Directors
Page 57 of 66
Date: 1st and 3rd Tuesdays every month | Time: 12 - 1 p.m.
Location: MCCD Office or Zoom
3137 Chicago Avenue Minneapolis, MN 55407
LENDING
INFO SESSION
REGISTER linktr.ee/mccdmn
(612) 789-7337 | info@mccdmn.org 3137 Chicago Ave, Minneapolis, MN 55407
Join MCCD for a Lending Information Session, designed for emerging
entrepreneurs developing their business idea, existing small business owners,
and community groups interested in accessing financing and support to achieve
their goals.
Light refreshments will be provided!
Information on MCCD’s loan products,
including microloans, stage 2 business
loans, shared ownership loans, and more.
A clear breakdown of how to apply for
financing
Q&A and Networking
This session will include:Who should attend?
New and existing MCCD clients
interested in applying for a loan
Emerging entrepreneurs, small
business owners, and those
interested in shared ownership
seeking business support
Page 58 of 66
ECONOMIC DEVELOPMENT AUTHORITY AGENDA MEMO
To: Economic Development Authority
From: Deanna Kuennen, Community & Economic Development Director
Department: EDA
Subject: Election of 2025 EDA Chairperson and Vice-Chairperson
Meeting: Economic Development Authority - Feb 18 2025
INTRODUCTION:
Per the EDA By-Laws, at the February meeting or the next regular meeting, each calendar year the
EDA must choose a Chairperson and a Vice-Chairperson.
DISCUSSION:
Annually, the EDA selects a Chairperson and Vice-Chairperson in accordance with the EDA By-
Laws. The duties of these positions are as follows:
Chairperson - presides at all meetings, enforces the rule of procedure as prescribed in the
By-Laws, conducts public hearings, and allows the public to participate as long as there is
reason to believe that input is beneficial.
Vice-Chairperson - presides at all meetings in the absence of the Chairperson, assuming all
responsibilities of the presiding officer.
For calendar year 2024, Steve Wilson was nominated and approved as the Chairperson, and Nick
Lein was nominated and approved as Vice-Chairperson after the resignation of Katie Porter.
ACTION REQUESTED:
The EDA is asked to choose a Chairperson and Vice-Chairperson of the EDA for 2025.
Page 59 of 66
ECONOMIC DEVELOPMENT AUTHORITY AGENDA MEMO
To: Economic Development Authority
From: Stephanie Aman, Economic Development Coordinator
Department: EDA
Subject: Economic Development - 2024 Year in Review
Meeting: Economic Development Authority - Feb 18 2025
INTRODUCTION:
As we look forward to the work in 2025, it is important to understand the foundation that has been
set, the work that has been, and the accomplishments from 2024.
DISCUSSION:
Utilizing the workplan and goals from 2024, below is a summary of some of the work and
accomplishments of the Economic Development Team:
Business Retention and Expansion:
In addition to scheduling one-to-one business visits:
Discussions occurred with five existing industrial businesses considering expansion
projects/actively pursuing expansion projects
Organized and executed the Small Business Resource Fair which was held on July 16, 2024
o Hosted 13 exhibitors with approximately 40-50 total people in attendance
Organized (and executed in 2025) the Farmington Business Summit
Wrote (and launched in 2025) the Farmington Business Survey in collaboration with
DCTC/Inver Hills Community College
Business Recruitment:
with including development economic month partners meetings 6-8 Averaged per
developers, financial institutions, contractors, state and regional business representatives
o Many of these initial introductions are made at Minnesota Real Estate Journal (MREJ)
events and meetings industry at professional general through and networking
conferences.
Grocery store – some form of contact/follow up/discussion occurred weekly with the goal to
"move the needle" on addressing the lack of grocery in Farmington
o Met with KState Rural Grocery initiative, brought forward a proposal/request (failed) to
conduct a grocery market analysis, followed up on independent grocery contacts from
past conversations, utilized co-op network to meet with leaders in the industry
Active Prospects - two new potential construction industrial park projects
o Prospect 1 would be a new division of a current Minnesota company
o Prospect 2 would be a relocation of a current Minnesota company
o Both would provide high quality jobs, add diversity in offerings to the industrial park,
Page 60 of 66
and align with the goals of quality business for Farmington
AUAR - completed environmental review for over 600 acres. The AUARs are valid for five (5)
years
Active Prospects - currently working with 1-3 daycare projects
Quick serve restaurant discussions trending positively
Housing - discussion ongoing with multiple developers interested in future projects
Partnership Activities
Open to Business – Monthly check ins and meetings
Dakota County CDA Bimonthly Meetings
DEED Metro Meetings with Business Developer Sector Reps
Dakota County Chamber updates
Dakota County Chamber Coffee
o Hosted one
o Attend several to network
Farmington Business Networking group
Enhanced Marketing Initiatives
Minnesota Real Estate Events (MREJ)
o Direct Result of MREJ Event is The Rye Apartment development
o Staff attended and tabled at 1-2 events per month in 2024 which amounted in 2-4
follows ups with industry professionals after each event
o Staff moderated or presented at four (4) different events throughout the year
o Sponsored the SE Metro Business Summit
Community Venture Network (CVN)
o Panel Speaker
o Enhanced business partnership opportunities
Site Land Partnership
o SLP represented Farmington at trade shows and staff received and acted on possible
connections
o March 2025 – series of business leader interviews scheduled
Media coverage
o Business View Magazine
o REJournals
o St Paul Pioneer Press
o Star Tribune
o MPR News
o Sun This Week
Connected Community:
Ribbon Cuttings
Twin Cities Live Broadcast
My Town Docuseries
Elevating and Leveling Up:
Wayfinding Plan and Proposal
Small Business Resource Fair
Collaboration with DCTC/Inver Hills Community College
Participation in Greater MSP Events
Page 61 of 66
Accolades and Recognition:
Minnesota Real Estate Journal Economic Developer of the Year
Minnesota Real Estate Journal Finalist – Community of the Year
Economic Development Association of Minnesota Emerging Professional of the Year
Mid America Economic Development Council Board of Directors
Minnesota State University Women in Leadership Advisory Board
EDAM Board of Directors
EDAM Membership Committee
EDAM U Education Committee
Where do we GROW from here?
Utilizing the Business Survey results, Staff will work with DCTC/Inver Hills to build and execute
deliverables to the business community. The goals remain the same – to meet businesses where
they are at, to build programs that are needed, and to continue to receive feedback and build and
execute what they need. We will continue to make connections and facilitate conversations that are
helpful to them.
We continue to show up in unconventional spaces and tell Farmington’s story to ensure intentional
growth of our business community with businesses that see themselves as an integral part of
Farmington’s landscape and story.
ACTION REQUESTED:
No action required.
Page 62 of 66
ECONOMIC DEVELOPMENT AUTHORITY AGENDA MEMO
To: Economic Development Authority
From: Deanna Kuennen, Community & Economic Development Director
Department: EDA
Subject: Director's Report
Meeting: Economic Development Authority - Feb 18 2025
INTRODUCTION:
Attached please find a summary of recent economic development activities. Additional details
regarding some of the activity is highlighted separately in the EDA packet.
DISCUSSION:
Attached please find a summary of recent economic development activities. Staff will be available
to answer questions.
ACTION REQUESTED:
No action questions. This item is informational and is provided to communicate how the EDA time
and money resources are allocated, and to track and measure the impact of initiatives.
ATTACHMENTS:
02-2025 meeting
Page 63 of 66
Reporting
Period:
Feb. 2025
DIRECTOR’S REPORT – providing project highlights and a summary of
economic development activity.
Projects &
Initiatives
• Rye Apartments Development The groundbreaking ceremony took place on Nov. 19th, 2024. Construction is
progressing nicely, and the project is on track to open in Fall 2025.
Follow along: https://youtu.be/b5M_hJyF-7o
• Farmington Business Survey
Staff has partnered with Dakota County Technical College/Inver Hills
Community College leadership to develop a Farmington Business Survey. The survey was sent to all businesses seeking input on their needs and plans so
that programming can be developed and/or partner resources can be
identified to support our business community. The survey will remain open
until the end of February. To date the survey has garnered a 10-percent
response rate. Plans are in place to market the survey to reach a larger audience. Once the survey is closed – Dakota County Technical College/Inver Hills will report out on the survey results.
• Building a Stronger Future Together: Farmington Business Summit
The first Farmington Business Summit was held at the Community Room on
February 4, 2025. The event was a continuation of the collaboration between the city and Dakota County Technical College/Inver Hills. Businesses were
invited to hear more about resources and opportunities available to them to support their workforce development needs. The goal was to provide an opportunity for our business and industry leaders to gather, listen, share, and learn – bringing in subject experts related to known business needs. Approximately 20 local businesses attended. Staff are in conversations on
Page 64 of 66
next steps. Additionally, future summits/learning opportunities are being explored including an “AI in Business” training by Dakota County Technical
College.
• EDAM Winter Conference – “Driving Economic Growth through Authentic
Storytelling” Stephanie Aman submitted a session proposal for the EDAM Winter
Conference, and it was selected. The session occurred on Friday, January 24th,
to a full room, and include the Farmington Team, Cory Hepola, and Alan Davis – sharing how Farmington has stepped outside the box, in bold and creative
ways, to tell our story. We shared examples of what we have done and the
incredible results of these efforts realized in a short time frame.
• BRE Staff has actively been reaching out to schedule and conduct business visits
based on the BRE Plan discussed at the May2024 meeting. Responses have
been slow, but visits are getting scheduled and Staff hopes that the Business Survey and Farmington Business Summit kick start these efforts. 2025 visits have included: Aerospace Fabrication and Valmont Prospects • Staff worked on more than 40 different proposed/potential projects in 2023.
Some leads and conversations are still ongoing – and Staff continues to
engage with many different business prospects, developers, and project teams – with the goal of converting the prospecting into actual projects and keeping Farmington top of mind for these connections.
• The 2024 summary was included in the EDA packet. Staff continue to work on
various potential projects and have conducted numerous meetings with developers and site selectors. Staff use the developer/site selector meetings
to share the Farmington story, discuss opportunities, and identify partners
who are in alignment with the City’s vision and can assist the City in bringing
projects forward.
• Community Venture Network (CVN)
Staff attended the January Community Venture Network event. Multiple
businesses presented, and Staff spoke with one contract manufacturing company seeking to expand and construct a 50,000-100,000 SF facility.
Farmington does not fit their target investment location for 2026, but they are interested future conversations. In addition, Staff learned of new resources available to businesses and will be sharing this resource/opportunity (succession planning, etc.) with our business community. The 2025 EDA budget includes continuing the CVN membership which will allow attendance
at all 2025 events.
• Request For Information (RFIs) Staff received a RFI from GreaterMSP for a Canadian company looking to locate a manufacturing plant. No response was submitted due to lack of
available buildings – seeking only existing buildings at this time.
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Other
• MidAmerica Economic Development Council (MADCE)
Staff has been appointed to the MidAmerica Economic Development Council to represent Minnesota. Staff attended the December MidAmerica Economic Development Council Conference and is now on the conference planning
committee working to build out the agenda and speakers for the May 2025 MAEDC Conference that will be held in Stillwater.
• Grocery Initiative Through a connection made at the October CVN meeting, Staff has worked
with KState to determine if resources could be available to the City to conduct
a market study or aid in bringing a grocery store to the City of Farmington. From these conversations, connections were revitalized with a grocery expert who works with cooperatives and independent retailers and staff are scheduled to meet with them in November. Additionally, staff brought
forward a proposal to the EDA to engage in a market study to determine the
feasibility of a grocery store in Farmington. The EDA requested additional information, and that information is being gathered. Staff will be building out a “public facing” component to the grocery
recruitment efforts. This will likely involve community surveys, a page on the
website with market information, etc. utilizing insights from the KState Rural Grocery Initiative. Staff continues to have conversations and meeting with grocers and grocery developers.
• Partner Meetings Staff continue to stay connected and engaged with the Minnesota Trade Office, DEED, Greater MSP, and other organizations. Staff are working with GreaterMSP to enhance alignment and increase interaction/engagement. A
presentation to the EDA is being planned for an upcoming meeting.
• Economic Development Website Over the next few months, Staff will be focusing on updating the economic development content on the city’s website. The purpose will be to make
information easily accessible and build out content which is known to be
important to site selectors and business representatives.
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