2011.02.14 EDA Packet - Laserfiche WebLink

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CITY OF HUGO Page 3 J awfia,3e Clgcewwnt m e g vaned J wpv&1 in o .... On June 21 , 2010, the development team FBF, LLC signed a purchase agreement for a portion of the City owned property in downtown. The development team is actively market- ing the property to potential businesses that may want to locate in the area. The property is approximately three acres in size and is along Egg Lake. They have put together a mar- keting brochure for the property with a development idea including an event center that would be part of a 15,000 square foot building. The brochure is available at the City of Hugo City Hall. The project can include up to three tenants and a shared event center. One of the user types the development team is targeting is a restaurant. This is an exciting time for the EDA and the development team as they continue to market the property. 13w me,3,3 3&tattion and &xpcum wn J wgAam .imp .. .. The Business Retention and Expansion (BR&E) Program commencement celebration was held on April 7, 2010, at the Hugo American Legion. The purpose of the program was to demonstrate support for local businesses, help solve immediate business concerns, in- crease local businesses' ability to compete in the global economy, establish and imple- ment a strategic plan for economic development, and to build community capacity to sus- tain growth and development. There were 38 businesses visited in the City and the survey results were evaluated by economic development professionals of the University of Minne- sota. The surveys provided the City information on the concerns of the businesses and ways the City might address those concerns. The U of M presented the results of the sur- vey to local community leaders and business professionals. Implementation projects and actions plans were developed to help the business community thrive in Hugo. The four im- plementation projects include: 1. Market the City of Hugo v 2. Create, Coordinate, and Encourage Events 0 3. Host Business Networking Breakfast Workshops 1 4. Address Highway 61 Access Issues and Improve Downtown Hugo The City of Hugo in partnering with the Hugo Business Association have been working to accomplish each project. The Parks Commission has helped organize the creation of City events that can be beneficial to businesses. The full report of the survey results can be found on the City's website at www.ci.hugo.mn.us under Business Info. of Hugo 14669 Fitzgerald Ave N Hugo, MN 55038 www.d.hugo.mn.us (651) 762-6300