02-21-2012 EDC Meeting - Laserfiche WebLink

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Economic Development Commission Minutes January 17, 2011 Page 2 of 3 4. BLAEDC Update Sheila Haverkamp provided a BLAEDC update as follows: • Glynlyon—a new company that recently located in Nisswa. The company provides on-line educational products and curriculum. • BLAEDC'S—annual meeting will be held on January 30th. • BLAEDC is in the process of studying the entrepreneurial patterns and initiatives to try to determine what can be done to grow entrepreneurialism. 5. General Discussions/Updates Comp Plan—Vice Chair Jurchen noted that the Comp Plan is not approved. He noted that the City should not dwell on this as there are many good things that continue to be accomplished such as the redesign of the Business Park ordinance. Lime Greenery—Mayor Nancy Adams noted that Lime Greenery has been purchased and will be named The Wild Daisy. It is planned to open three weeks before Mother's Day. RFP—Utility Rate Study—The Clerk noted that RFP's are being accepted for a utility rate study and will be given to the Council for consideration on February 7th. Future Goals -It was suggested to add this to the February EDC agenda. 6. Other Business Discussion was held on the number of existing businesses in Pequot Lakes who have remained in business for many years. Tommy Woog stated that the EDC should promote the economic development gardening concept which is to grow existing businesses in the City. He noted that this is something the EDC could do by either inviting businesses to the EDC meeting or physically visiting businesses and asking them what the EDC can do to help them. Mayor Adams discussed the need for a revolving loan fund. She stated that she is in the process of meeting with local bankers to see if this can be accomplished through the banks.