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'10-' • <br /> Cj, Tim <br /> INIIC <br /> HERO exists as a legal entity, as a 501 C 3 Minnesota, It was created Corporation in the state of <br /> (PIC) , with the advice and su o members of the Private Indust - <br /> menbers. suggestions of several other individual <br /> ual <br /> If the council as a whole approves the develo <br /> thousand dollars, a board Pmenta]. budget <br /> any case, directors will be selected dget of fifteen <br /> not be persons willing to serve will be identified and elected. In <br /> constituted until an initial grant is a , but a board will <br /> approved. <br /> In parallel with the process of seeking the approval <br /> presentations will be made to the Minnesota Deparm fof the PIC,ent Development as well as the <br /> seek their reaction Minnesota Department of Jobs and Energy and <br /> s <br /> operating • input and active su aiming :to <br /> budget. Pport for funding of_the__ - - <br /> If this support is forthcoming,, an a • <br /> Federal Economic s for approach will then be <br /> Pd to Administration for a modification the <br /> renovation Economic Development <br /> to a s <br /> approach is Pecific b and <br /> cont wild' <br /> contingent upon finding_a suitable building. <br /> -The timing of is <br /> f <br /> r <br /> Again in Parallel with the PIC activity <br /> agencies, continued efforts will be and the initiative with the state <br /> will not require raising made to identify a building which <br /> Only if the unfunded al funds from the communities to b <br /> appropriate building lternatives fail completely to the facility. <br /> g in an appropriate location will the produce an <br /> approached for funds, through the unities be <br /> Lqnds• They will be approached Co y Deve�ornne c BTnr•4 t <br /> explaining the initiative ln9 Y case, however, <br /> support. and seekin their active ° in terms of <br /> participation and <br /> In summary then, first a planning <br /> from the Private Indust and develOEmental <br /> budget will be sou ht Industry Council by March 1987. budget will- p sought <br /> build' g the two designated state.a en an °Perating <br /> uig will be obtained, preferably through wan unfunded mechanird, a <br /> Fourth, the Federal agency will be a <br /> modification dollars, approached for renovation and be sought. .F�l Fifth, the active support of the <br /> will consume Y' it anticipated and immunities will <br /> the better part of 1987, to Planned that these activities <br /> Produce a successful outcome. <br /> Business Plan: Hero <br /> 1/15/87:R.SA:05 <br />