HomeMy WebLinkAbout5.b. Open to Business PresentationEXECUTIVE SUMMARY
Port Authority Meeting Date: November 17, 2015
AGENDA ITEMAGENDA SECTION:
: Presentation by Laurie Crow; Open to
BusinessOld Business
PREPARED BY: AGENDA NO.
Kim Lindquist, Deputy Director5.b.
rd
ATTACHMENTSAPPROVED BY:
: Open to Business 3 Quarter Update ddj
RECOMMENDED ACTION
: Presentation only
ISSUE
As the Port Authority is aware, the City contracts through the County for the Open to Business services. It
has been some time since Laurie Crow; our representative has been before the Port Authority to discuss
the program and what she is seeing out in the market. She will be in attendance to review the status of the
program and answer questions of the Port Authority Commissioners.
CONCLUSION
Presentation, no action at this time.
5ğƉƚƷğ /ƚǒƓƷǤ
1/1/15 9/30/15
/ƌźĻƓƷƭ {ĻƩǝĻķʹ /ƌźĻƓƷ /źƷǤʹ
New Entrepreneurs 89 Apple Valley 17
Burnsville 40
Existing Entrepreneurs 90 Eagan 13
Farmington 24
Hastings 17
Total Entrepreneurs 179
Inver Grove Hts 15
Lakeville 19
Mendota Heights 5
Inquiries 152
Rosemount 9
(Requests for information/referral, not a formal client)
S. St. Paul 1
W. St. Paul 4
CźƓğƓĭźƓŭʹ
Townships 0
Undecided Location 15
Provided
(Dakota County Businesses)
Number 4
LƓķǒƭƷƩǤ {ĻŭƒĻƓƷʹ
Amount $184,500
Retail 26
Provided
(Dakota County Residents)
Service 101
Number 0
Food 37
Amount $0
Manufacturing 10
Technology 1
Microgrants
Health/Fitness 2
Number 3
Construction/Related Trades 3
Amount $3,000
wĻŅĻƩƩğƌ {ƚǒƩĭĻʹ
Credit Builder Loans
Number 5
Municipalities/CDA 89
Amount $1280
Chamber 0
Internet 12
Total $188,780
Friends/Family 15
Other (Banks, Schools, Etc.) 44
Requests/In Process
Number 1
IƚǒƩƭ ƚŅ 5źƩĻĭƷ {ĻƩǝźĭĻʹ
Total Request $250,000
st
1 Quarter 633.25
Facilitated/Leveraged Loans
nd
2 Quarter 509.00
Amount $1,854,428
rd
3 Quarter 436.00
th
4 Quarter 0