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City of Pequot Lakes's Financial Contribution & Return on <br /> Investment <br /> August 2014 <br /> 2015 Annual Funding Request = $7,875 out of $320,000 or 2% <br /> This funding request reflects a 5% increase compared to 2014. <br /> Return on Investment <br /> 2011-2013 BLAEDC Accomplishments in the City of Pequot Lakes <br /> • 11%of Projects <br /> • 10%of Jobs <br /> • 14%of Capital Investment <br /> Pequot Lakes Projects— Below are just a few examples of success stories for the City of Pequot Lakes. <br /> • Lonesome Cottage Manufacturing <br /> • Babinski Projects <br /> • Ideal Systems Solutions <br /> Pequot Lakes Property Taxes—$80,292.51 per year of property taxes to the City of Pequot Lakes from 4 <br /> companies that BLAEDC has assisted over the years. <br /> Estimated Based on 2014 Taxes <br /> Paid/Payable <br /> Landis+ Gyr <br /> Northern Tool <br /> Water Wars <br /> Lonesome Cottage Manufacturing <br /> Total $138,435.36 <br /> 58%to the City of Pequot Lakes Per $80,292.51 <br /> Year <br /> Inquiries Fielded—BLAEDC managed more than 530 inquiries, contacts, and acitivities in the past 2 1/2 years. <br /> • Inquiries range from business start-ups, companies and individuals looking for information, industry attraction <br /> leads, to community development project opportunities. <br /> • In 2013, BLAEDC received over 200 ICAs, with 120 inquiries and activities from businesses interested in the <br /> area or needing assistance with starting, locating, or expanding in the area. <br /> Current and Future Marketing and Special Projects: <br /> • Executive Initiative <br /> o Monthly Business Chats <br /> o Business Insights Events <br /> o Rent-A-Board <br /> o Mentoring and Counseling <br /> o Economic Development Efforts <br /> • Tech Services Initiative <br /> o Marketing and Branding <br /> o Workforce <br /> o Infrastructure <br /> o Economic Development <br /> • BLAEDC Video and Brochure to Attract Businesses to the Area <br /> • BLAEDC Website Update <br /> The Crow Wing County Connection: <br /> A unique factor in Crow Wing County is that the average commute distance to work is 20 minutes. That means that a <br /> number of companies located outside of the Pequot Lakes city limits employ residents of Pequot Lakes.Where the city <br /> may not benefit directly from the associated tax base, their citizens have employment that benefits everyone. <br /> BLAEDC represents a multi-government economic development program that <br /> is affordable for all Crow Wing County communities including Pequot Lakes. <br />