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2023-03-15 EDA Packet
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2023-03-15 EDA Packet
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3/11/2023 7:34:51 AM
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<br /> <br />1 <br /> <br /> <br />Goal 1: Guide Redevelopment <br /> <br />Leverage Revitalization Grants <br />The Centerville Economic Development <br />Authority (EDA) has identified potential <br />funding sources to leverage revitalization <br />grants. Identified options are: <br /> <br /> Housing and Redevelopment <br />Authority (HRA) funds available <br />through Anoka County <br /> <br /> General Fund dollars to provide a <br />match for the Livable Communities <br />Grant Program, offered through the <br />Metropolitan Council <br /> <br /> Predevelopment grant dollars (no match required), offered through Anoka County <br /> <br />P ROVIDE B USINESSES INCENTIVES <br />The EDA offers a variety of programs that promote local businesses. A few of these programs are: <br /> <br /> "«´¤ ,®¦® )³¤±²³ ³¤ 0±®¦± ¬ ȟ ³§¤ %$! ¯ ±³¨¢¨¯ ³¤² ¨ ¢®²³ȝ²§ ±¤ ³® §¤«¯ ®¶¤±² <br />recover some of the costs of advertising on interstate signs. <br /> <br /> 2¤µ®«µ¨¦ ,® £ '± ³ & Ê £¤ 0±®¦± ¬ ȟ ³§¤ %$! ®¥¥¤±² ΐȀΐ ¬ ³¢§¨¦ ¦± ³ ¨ <br />amount up to $5,000 for eligible expenses that enhance the exterior of the building. The <br />EDA also provides a 1:1 match on a low interest loan in an amount of $20,000 at 2% <br />annually. <br /> <br /> #¤³¤± 3³ ¦¤ ȟ ³§¤ %$! ¢®µ¤±² ³§¤ ¢®²³ ®¥ ¯±®¬®³¨® « £² ¥®± ¨¢«´²¨® ¨ ³§¤ 1´ £ 0±¤²² <br />newspaper; the program includes digital marketing as well via social media and YouTube. <br /> <br />D EVELOP B USINESS I NCENTIVES T OOLKIT (TIF, T AX A BATEMENT, ETC.) <br />The EDA is exploring business and development incentives for inclusion in an expanded toolkit. <br /> <br />Streetscaping, Parking, etc. Infrastructure Investment <br />In this last year, the EDA increased their investment in streetscaping/beautification projects that <br />add curb appeal. The led lights that were hung on the roof at city hall and the tree in front of city <br />§ ««Ǿ ² ¶¤«« ² ³§¤ ¶±¤ ³§² §´¦ ¥±®¬ ³§¤ «¨¦§³ ¯®«¤² «®¦ - ¨ 3³±¤¤³ ±¤¥«¤¢³ ³§¤ ¡® ±£Ȍ² <br />commitment to promote Centerville to residents and visitors alike. <br /> <br /> <br />
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