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Representatives from the EDA presented their strategic plan at the Parks & Recreation <br />nd <br />Meetings on June 2. Also discussed, were ways the two committees can work together to <br />further the goals of the city. <br /> <br />The EDA will present their strategic plan to the Planning and Zoning Commission at the <br />August meeting. <br /> <br />1737 Main Street <br />A realty sign has now been placed on the site and Mr. Brass is free to market the site to <br />potential developers. <br /> <br />EDA Revolving Loan and Grant Program <br />The EDA recently met and reevaluated their Revolving Loan and Grant Program. In order <br />to attract more applications, the EDA reduced the matching requirement for the grant <br />portion of the program to a 1:1 match. Meaning for a $10,000 project, a property could <br />receive a $5,000 grant. The maximum grant remains at $5,000. Businesses may receive <br />one grant every 5 years. <br /> <br />Interstate Blue Logo Sign Program <br />The EDA recently established the Intersta <br />restaurants, gas stations and other qualifying attractions, can now apply for their <br />establishments to be featured on the blue signs you see on the interstate. The EDA will <br />more consumers to our area, from the freeway. <br /> <br />Quad Area Chamber of Commerce <br />Eat Local Campaign <br />The Quad Area Chamber of Commerce is teaming with the Lino Lakes Rotary Club to help <br />local restaurants by purchasing signs for them to place outside, letting folks know that they <br />are open for take-out and delivery options. <br /> <br />Minnesota Technology Corridor <br />The EDA voted to participate, financially, in a Data Center Feasibility Report, from <br />consultant Excipio. The assessment includes detailed financial analysis of state and other <br />tax incentives as well as an analysis of power and broadband availability. Having this <br />evaluation done, is much like certifying a site <br />much more marketable to the data center market. The Executive Director was given <br />parameters within which to negotiate <br /> <br />Small Business Relief Grants (DEED) <br />The Minnesota Department of Employment and Economic Development (DEED) will <br />oversee the Minnesota Small Business Relief Grants Program approved by the Minnesota <br />State Legislature and signed by Gov. Tim Walz on June 16, 2020. <br /> <br />This program will make available $10,000 grants to Minnesotan owned and operated <br />businesses that can demonstrate financial hardship as a result of the COVID-19 outbreak. <br />A total of $60.3 million is available for grant awards which will be selected through a <br /> <br />