DATE: December 19, 2019
TO: Members of the Economic Development Authority
FROM: Nate Carlson, Economic Development Coordinator
Title
EDA Public Hearing on Minnesota Investment Fund (MIF) Application
Body
SUMMARY AND ACTION REQUESTED:
The Economic Development Authority will hold a public hearing concerning submittal of an application to the Minnesota Department of Employment and Economic Development for a grant under the Minnesota Investment Fund (MIF) program. See "Public Hearing Procedure (taken from City Council Rules of Business)" in the Summary Report section provided in this memorandum.
BACKGROUND:
No action is taken during the public hearing. Following the public hearing, EDA will be considering a Resolution for approval of the application and will take action to consider a loan offer to the business.
Project Background Summary
The Northfield Economic Development Authority is requesting approximately $300,000 in MIF funding to assist with the expansion of All Flex Flexible Circuits, LLC. The funds will be used for the creation of jobs.
Public Hearing Procedure (taken from City Council Rules of Business):
A Public Hearing is used by the EDA to solicit the public's comments on various projects or City operation procedures.
A. The EDA President will open the hearing by identifying the subject, calling for a motion, second, and vote to open the public hearing.
B. Staff presentation - staff will give a presentation on the subject.
C. Applicant's presentation- if needed.
D. Public Input - The public will have the opportunity to speak for or against the issue. The public may ask questions, make comments, voice support, agree or disagree with the issue.
1. The Chair will recognize a speaker at the podium and comments/conversation will be between the Chair and speaker; and between the Chair and Council Members.
2. At the podium the speaker must give their name, address, and if representing a business, must give the name of the business or corporation....
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