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BRAINERD <br />L A K S <br />A R E A <br />DEVELOPMENT <br />CORPORATION <br />July 9, 2010 <br />Mayor Nancy Adams <br />Pequot Lakes City Council <br />ED C- onimittee <br />Pequot Lakes City Hall <br />4638 County Road 11 <br />Pequot Lakes, MN 56472 <br />RE: BLADC 2011 Funding Support <br />Dear Mayor Adams, City Council and ED Committee Members, <br />The Brainerd Lakes Area Development Corporation is a private, non - profit economic development <br />organization that has been working in the community since mid - eighties with a mission to grow and <br />expand the area's economic base and create jobs for area residents. Today, BLADC has three staff <br />members with an annual budget of approximately $283,000. BLADC services include: <br />• Business Retention and Expansion Programs <br />• Assistance with Site Location <br />• Financial Structure and Package Programs <br />• Technical and Business Planning Assistance <br />• Assistance with Government Resources and Processes <br />• Coordination of Community Deve!opr'?'ien`. !nitiatives <br />• Targeted Marketing Efforts to Attract Business <br />The organization efforts have included coordinating and facilitating more than 340 projects that have <br />resulted in $300 million dollars in capital investments and more than 3,600 jobs. As you know, BLADC's <br />success is due to governmental units working in partnership with private business toward a brighter <br />economic future for our area. <br />Recognizing that you are at the stage of considering your 2011 budget, we respectfully request that you <br />continue your support. Due to the financial challenges being faced by our local units of government and <br />our desire to be part of the solution, we are proposing a 5% reduction in our request from $7,075 to <br />$6,750. ($6,150 for BLADC operations + $600 for 2020 Marketing Programs = $6,750.) <br />124 North Sixth Street <br />Brainerd, MN 56401 <br />218- 828 -0096 <br />