Date: February 22, 2018
To: Members of the Economic Development Authority
From: Nate Carlson, Economic Development Coordinator
Chris Heineman, Community Development Director
Title
Micro-Grant Application (Northfield Physical Therapy)
Body
Summary and Action Requested:
Consideration of a recommendation from the EDA Loan Sub-Committee regarding a $5,000 Micro-Grant application from Northfield Physical Therapy.
Background:
Northfield Physical Therapy is requesting a $5,000 Micro-Grant from the Clement Shearer EDA Micro-Grant Program. The owner, JB Dudley, has provided an application for the funds, which can be found attached to this report. Mr. Dudley introduced his project to NEC Director, Chris Whillock. Chris found that this project may be a suitable recipient for the EDA's Micro-Grant program. Both Chris and Mr. Dudley worked to refine the project and complete the application to EDA Board standards. This application was provided to staff on January 30. Staff has reviewed the Micro-Grant application thoroughly.
Northfield Physical Therapy has been in operation since April of 2008 and is located at 618 Division Street, Northfield, MN. The business specializes in outpatient rehabilitation focused on orthopedic and manual-based physical therapy. The primary business model for Northfield Physical Therapy is to provide care and treat patients with a more holistic approach.
At this time, Mr. Dudley has identified an expansionary opportunity for his business. He has requested funding to assist with the transition to digital file keeping, exterior signage, POS update and updating their compliance programming. This expansion will require several miscellaneous items to assist with the transition. Mr. Dudley has identified the project cost breakdown in his application. Here is the breakdown of the project costs:
Digital file conversion: $3,265
Scanners: $ 400
Exterior signage: $ 852
Paper Shredder: $ 111.12
Printer units: $ 466.2...
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