by Joni Astrup Associate Editor The city of Elk River approved $2 million in public sector investments in local businesses in 2013, according to the Elk River Economic Development Authority’s year-end report. That investment is resulting in 30 new jobs, $8 million in private investment attracted, $6 million in taxable value added and 139,350 square [...]
Dan Tveite has been re-elected president of the Elk River Economic Development Authority for 2014. Other officers were also re-elected at the EDA’s Jan. 21 meeting. They are Pat Dwyer, vice president; Matt Westgaard, treasurer; Paul Motin, secretary; and Bryan Provo, assistant treasurer.
by Joni Astrup Associate Editor An uptick in interest from industrial prospects is prompting the city of Elk River to consider expanding a business park three years earlier than planned. Phase II of the Nature’s Edge Business Center was scheduled for 2017, but the city is looking at moving that up to 2014. Brian Beeman, [...]
The Elk River Economic Development Authority (EDA) has approved a $74,999 energy efficiency microloan for Ralphie’s Victory Lane. Brian Brehmer of Ralphie’s Victory Lane plans to renovate a gas station at the corner of Highway 10 and Joplin Street in Elk River. The loan money will be used to install high efficiency lighting and signs [...]
by Joni Astrup Associate editor City financial incentives to businesses in Elk River have resulted in increased property values, tax revenue and jobs, according to a report from the Elk River Economic Development Authority (EDA). Tax abatement is one of the programs offered by the city to stimulate business development. Thirteen tax abatement projects have [...]
The Elk River Economic Development Authority (EDA) has rejected a loan request from a woman looking to open a coffee shop and fitness studio at Granite Shores in downtown Elk River. Kacey Bottineau, owner of Soul, had requested a $62,304 Energy Efficiency Improvement Program Micro Loan. The level of risk associated with the business plan [...]
The Elk River Economic Development Authority (EDA) has agreed to sell a 43.75-acre undevelopable outlot in the Northstar Business Park for $41,300. The buyer is Bryan Provo, owner and general manager of Alliance Machine and Provo Enterprises. Alliance Machine is located in the Northstar Business Park, which is off Twin Lakes Road north of Highway [...]
The city of Elk River is taking advantage of rock-bottom interest rates and a strong credit rating to save about $1 million in interest costs related to bonds issued in 2007 to finance construction of the YMCA. The city’s Economic Development Authority has agreed to redeem $9.2 million of the 2007 bonds when allowed to [...]