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05/05/2016 EDAC Packet
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05/05/2016 EDAC Packet
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EDAC
EDAC Document Type
EDAC Packet
Meeting Date
05/05/2016
EDAC Meeting Type
Regular
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CITY OF LINO LAKES <br />ECONOMIC DEVELOPMENT <br />ADVISORY COMMITTEE <br />MINUTES <br />DATE: January 7, 2016 <br />MEMBERS <br />PRESENT: Nathan Vojtech, Rebecca Glewwe, Chad Wagner, <br />Tami Wier <br />MEMBERS <br />ABSENT: Lou Masonick, Thomas Colgan, Julie Schwartz, Don Johnson <br />OTHERS PRESENT: Michael Grochala, Keith Dahl, Kirsten Barsness <br />APPROVAL OF MINUTES <br />It was moved by Rebecca Glewwe to approve the minutes of December 3, 2015. The motion <br />was seconded by Chad Wagner and passed unanimously. <br />BUSINESS RETENTION & EXPANSION PROGRAM <br />Mr. Dahl outlined the scope of work staff has completed in researching, inventorying, and <br />evaluating local businesses in Lino Lakes. He presented the comprehensive business inventory <br />and discussed the parameters used to identify the businesses on the list. Mr. Dahl then introduced <br />and turned it over to Kirsten Barsness, Development Consultant, to lead the EDAC discussion on <br />identifying additional parameters to refine the comprehensive business inventory. EDAC <br />discussion lead to the identification of additional parameters: <br />• Identifying companies with higher growth trends (Sales Volume) <br />• Focusing on a specific industry <br />• Ranking companies based on longevity within Lino Lakes <br />• Identifying companies that have had City assistance in the past <br />EDAC also recommended refining the comprehensive business inventory by looking at what <br />assistance the City can offer companies. <br />Kirsten also mentioned that another way to refine the comprehensive business inventory is by <br />mapping the businesses to locate clusters throughout the City. <br />
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