Elk River Economic Development Authority

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 [...]

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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 [...]

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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 [...]

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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 [...]

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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 [...]

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The Elk River Economic Development Authority (EDA) has named officers for 2103. They are: •President: Dan Tveite •Vice president: Pat Dwyer •Secretary: Paul Motin •Treasurer: Matt Westgaard •Assistant treasurer:  Bryan Provo The officers were all re-elected Monday, Jan. 14, having served in the same positions last year. The EDA is a public corporation empowered to [...]

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Outgoing Elk River Council Members Jerry Gumphrey and Nick Zerwas were recognized at the Monday, Dec. 10, meeting of the Elk River Economic Development Authority (EDA). It was the last EDA meeting for both of them. The EDA passed resolutions acknowledging their contributions. “I think it’s really important that we recognize people who spend time [...]

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P.S … Dance Studio has been granted a loan of up to $30,000 from the Elk River Economic Development Authority (EDA) to make energy-saving improvements to a new studio. This is the first loan of its kind approved by the EDA since the Energy Efficiency Improvements Micro Loan Program was rolled out in April 2011. [...]

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by Jim Boyle Editor The Elk River Economic Development Authority (EDA), which has contributed to the Elk River Area Arts Alliance’s ArtSoup community arts festival in the past, found it difficult Monday to deal with a request for $2,000 for this year’s event. It decided against a straight up contribution and went with a plan [...]

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