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01-29-1998
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01-29-1998
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MV EDC
EDC Document Type
Council Packets
Date
1/29/1998
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0 • <br /> January 23, 1996 <br /> ................. .. <br /> ... ............ .. <br /> ED(1) <br /> IE N4) <br /> Mounds View, MN 55112 <br /> Dear f. . 3) <br /> : <br /> The City of Mounds View would like to personally take this opportunity to inform you of the Business <br /> Improvement Partnership (BIP) Program that is now in full swing. The BIP Program was established <br /> in 1995 to provide existing businesses with a very low interest rate and attractive termed loan to <br /> make improvements. The City's goal is to use the program to assist Mounds View businesses <br /> grow and prosper while improving the aesthetics of the commercial and retail sectors of the <br /> community. <br /> 0 he program is very simple. All you need is a desire to improve you business and we can help you <br /> ith the rest. <br /> One of the most recent projects is the Mister Donut store on Highway 10. The City of Mounds <br /> View, partnering with Western Bank, was able to provide a loan to the owners of Mister Donut to <br /> remodel the interior and exterior of the building, expand the product line and hire new employees. <br /> By summer, Mister Donut should have a facelift, including a new name, and be able to offer <br /> sandwiches, soup, ice cream and gourmet coffee and espresso to its customers. A loan for this <br /> project would not have been a reality without the benefits of the BIP Program. <br /> Please take a moment to review the enclosed brochure. With a City loan at 2 percent interest rate <br /> partnered with bank financing at some of the lowest rates in history, there is-no better time to <br /> invest in the future of your business than right now. <br /> Please call me at 784-3055 for more information and start the process on a new storefront or <br /> remodeled interior today! <br /> Best Wishes for 1996! <br /> 4110athy Bennett <br /> conomic Development Coordinator <br />
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