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CITY OF ARDEN HILLS <br /> MEMORANDUM <br /> DATE: December 18, 1996 <br /> TO: Economic Development Committee <br /> FROM: Kevin Ringwald, Community Development Director , <br /> SUBJECT: Monthly Report <br /> 1. State Budget Forecast Optimistic. The November 29, 1996 edition of Cities Bulletin as <br /> published by the League of Minnesota Cities contains an article by Gary Carlson <br /> discussing the anticipated $1.4 billion budget surplus by the State (Exhibit A). <br /> 2. 1997 Changes in Economic Development Programs and Funding. The December 9, <br /> 1996 edition of National Cities Weekly as published by National League of Cities <br /> contains an article by Cameron Whitman which discusses the Community Reinvestment <br /> Act and Bank Regulation Reform (Exhibit B). <br /> 3. Business Tracking System Quarterly Report. The October of 1996 edition (Special <br /> . Annual Issue) of the Business Tracking System Quarterly Report as published by the <br /> State of Minnesota Department of Trade and Economic Development is attached for your <br /> information (Exhibit C). <br /> 4. TCF provides Participation Loan Program for Small Businesses. The Fall of 1996 <br /> edition of TCF Cornerstone as published by TCF Bank Minnesota discusses the <br /> implementation of their Participation Loan Program for small businesses (Exhibit D). <br /> 5. Towle Report 1996. The 1996 Towle Report as published by Towle Real Estate <br /> discusses the commercial real estate market (ie., Office, Industrial, Apartment, and <br /> Retail) of the Twin Cities (Exhibit E). <br /> 6. Are Mall History? The December of 1996 edition of Twin Cities Business Monthly <br /> contains an article by Beth Mattson which discusses the interest in Power Centers, rather <br /> than malls (Exhibit F). <br /> 7. Minimum Wage, Maximum Hype. The December of 1996 edition of Twin Cities <br /> Business Monthly contains an article by Mary Lahr Schier discussing the interest in <br /> modifications to the minimum wage paid to workers by employers (Exhibit G). <br /> 8. Staying Power. The December of 1996 edition of Twin Cities Business Monthly <br /> contains an article by Beth Mattson which discusses how the business climate in <br /> Minnesota is warming up (Exhibit H). <br />