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EDA PACKET 08.20.19
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EDA PACKET 08.20.19
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10/14/2019 11:23:51 AM
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10/14/2019 11:22:43 AM
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Commissions
Meeting Date
8/20/2019
Document Type
Agenda/Packets
Commission Name
EDA
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Chris Eng <br />Subject: FW: Open to Business - 2017-2019 Results <br />In the first two years, we have had 247 client engagements broken out by year: <br />2017 (half year): 49 <br />2018: 125 <br />2019: 73 - YTD 7/31/19 <br />Total Loans Approved: <br />2017: 2 loans - $175,000 Open to Business - Leveraged $1,790,000 total investment <br />2018: 8 loans - $392,500 Open to Business - Leveraged $1,762,350 total investment <br />2019 YTD 7/31/19: 9 loans - $457,000 Open to Business - Leveraged $2,241,041 total <br />investment <br />Total: 19 loans, $1,024,500 Open to Business - Leveraged $4,003,391 total investment <br />Total investment = 02B, bank, credit union, borrower equity, other financing in the project <br />Client City (Business/ Residence <br />Stillwater (61/58) <br />Cottage Grove (34/35) <br />Woodbury <br />(31/31) <br />Forest Lake <br />(29/31) <br />Oakdale <br />(17/16) <br />Hugo <br />(15/14) <br />Scandia <br />(13/13) <br />Lake Elmo <br />(9/8) <br />Mahtomedi <br />(6/7) <br />Willernie <br />(5/4) <br />Marine on St. Croix (5/6) <br />Bayport <br />(4/1) <br />St. Paul Park <br />(3/2) <br />Hastings <br />(2/3) <br />Lakeland <br />(2/2) <br />Oak Park Heights (2/2) <br />White Bear Lake <br />(2/1) <br />Newport <br />(1/2) <br />Lake St. Croix <br />(1/0) <br />Afton <br />(1/0) <br />Tyler Hilsabeck <br />Open to Business - Business Advisor <br />Washington County <br />7645 Currell Blvd. <br />Woodbury, MN 55125 <br />612-789-8838 (work) <br />312-402-6954 (cell) <br />thilsabeck@mc dmn.org <br />
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