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EDA Levy
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3/29/2024 2:27:01 PM
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9/26/2022 2:31:49 PM
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Subscriptions, Business Retention & Expansion, Downtown Improvement, Industrial Park Recruitment, <br /> Skilled Workforce Development, Fund local loan programs, update policies, etc. <br /> City of North Branch: In 2009 we issued bonds for land purchases that the City made for a multi-use <br /> development(housing, commercial and industrial). Our HRA/EDA levy is solely used to pay the bonds for <br /> the industrial land purchases. Our operational budget for EDA activities is through our general fund <br /> levy. <br /> City Brooklyn Park: The City of Brooklyn Park created its EDA in 1989 and set EDA/HRA levies in the early <br /> 1990s. The EDA oversees both levies as we do not operate an HRA. The EDA/HRA levies are two funding <br /> sources that contribute to the funding of a number of programs. Marketing, Video Promotion, print <br /> advertising campaign, launching merchandise sales in City Hall. Vision of Light Rail Transit Station: <br /> artistic renderings for planning purposes, DEED Site Selector Program, Open to Business Program, <br /> funding of the SAC/WAC Deferral Program, Business Forward Forum, Annual Banker Breakfast, Redesign <br /> Newsletter, <br /> City of Prior Lake: The largest piece of the budget pays for % salary/benefits for two staff persons <br /> (myself and the Community Development Specialist). Another piece relates to the operation of a small <br /> business incubator program. Created a Targeted Commercial Assistance Program to support retention of <br /> existing gateway center businesses, Salaries, Training & Professional Development, legal fees, dues, SAC <br /> Deferred Loan Program, etc. <br /> City of Watertown: The EDA currently supports a building fagade and RLF program in addition to <br /> downtown free downtown WIFI. One of our most recent items is the acquisition of a former county <br /> public works site that we are working to redevelop. The EDA also provides some staff support and <br /> marketing. We have primarily used the EDA levy to fund property acquisition and redevelopment <br /> activities like demolition, environmental, etc. We are exploring a housing stock rehabilitation program as <br /> well. <br /> City of Becker: Overall, the EDA levy goes towards staffing, training/professional development, <br /> dues/subscriptions and promotional activities. Becker is proactive with professional development and is <br /> very supportive of staff furthering their education. Specific expenditures examples: <br /> ■ I will be attending my first NDC course next month and will be working towards EDFP <br /> certification. <br /> ■ Becker has also been able to participate in the Site Selectors Guild the last few years and <br /> were able to connect to site selectors working worldwide. This is part of our "promotion" <br /> budget,which is the largest category after staffing. We will also be looking at rebranding the <br /> City, but a specific budget has not been prepared. <br /> ■ Becker pays dues to two different regional development organizations, along with EDAM <br /> and APA. We try to stay as involved as possible, so following promotion, this is the next <br /> largest budget category. <br />
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