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ERO .• <br /> Hennepin Economic Resource Organization <br /> 4150 Multifoods Tower a Minneapolis City Center o Minneapolis, MN 55402 ®(612)227-0001 <br /> February 25, 1987 <br /> St. Anthony <br /> Dear Mayor: r <br /> In response to your community's scheduled March 1987 public hearing on Urban <br /> Hennepin County community development needs and proposed uses for your allocation <br /> of $26,460 f rom the Year XIII Urban Hennepin County grant, the Board of Directors <br /> of HELD - a non-profit small business accelerator facility - are asking for the <br /> inclusion of a request for $1,323, an amount representing 5 percent of your Year <br /> XIII allocation, in your local coummmunity development program. <br /> we have enclosed a copy of the HERO business plan and a list of the,initial board <br /> of directors for your information. As described in the business plan, the <br /> requested CDBG fund will provide the resources necessary to purchase a facility to <br /> have a self-sustaining employment generating small business center to. provide <br /> long-term employment to disadvantaged and dislocated who are residents of suburban <br /> Hennepin County. It is the project's goal to serve as a model for the creation of <br /> job opportunities through focusing of employment opportunities, job training and <br /> education programs and employee-based support services at a single location. <br /> The investment of CDBG by yours and other comnmities within the Urban Hennepin <br /> County program will be secured by a lien against the facility, payable to the <br /> program should the HERO projects fail. <br /> Should you have any questions/concerns regarding HERO or this specific request, <br /> Please feel free to contact me at 227-0001. <br /> Sincerely yours, <br /> 1 <br /> rt S. Arthur -. <br /> Chairman of the Board / <br /> cc: Cmmmnunity Development Staff <br /> A Non-Profit Corporation <br />