Laserfiche WebLink
0 Staff Memo <br /> To: Economic Development Commission Members <br /> From: Cathy Bennett, Economic Development Coordinator <br /> Date: December 9, 1994 <br /> Agenda Item: Consideration of Draft Business Assistance Program <br /> (5.A.) <br /> Taking into consideration the direction provided at the November 17, 1994 meeting, <br /> attached is a draft overview of the structure of a business loan program for existing <br /> Mounds View Businesses provided by the City of Mounds View. <br /> Once approved by the EDC, the information would be presented to the EDA for <br /> consideration. As discussed at the-last meeting presenting options to the EDA for <br /> consideration with regards to loan amounts, interest rate and original investment is <br /> • recommended. I have included ranges for consideration and the EDC <br /> representative(s) can explain the rational and implications of the different ranges to <br /> the program when the item is presented. <br /> The work session for January has been canceled due to the holiday season. The next <br /> Council/EDA work session would be February 6, 1995 at which time the business loan <br /> program could be presented. <br /> For your review, I have included an article that was in the Star Tribune regarding <br /> MCDA's business loan program. <br /> IIII <br />