HomeMy WebLinkAbout6.A.3 EDA Subcommittee Report, Technology Village IncubatorPLO 1
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4646 Dakota Street SE
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ECONOMIC DEVELOPMENT AUTHORITY AGENDA REPORT
MEETING DATE: December 12, 2011
AGENDA #: 6.A.3
PREPARED BY: Dan Rogness, Community & Economic Development Director
AGENDA ITEM: EDA SUBCOMMITTEE REPORT, TECHNOLOGY VILLAGE INCUBATOR
DISCUSSION: Introduction
Subcommittee members include Terry Hitchcock (Chair), Bob Morris, Michelle
Choudek, Bob Jader, John Bryant and Dan Rogness (staff). The subcommittee
met on November 30.
History
Terry Hitchcock provided the members with a framework for a Prior Lake Tech-
nology Village. Dan Rogness was also able to tour the old NOREX building at
15815 Franklin Trail as a possible business incubator opportunity (10,500
square feet with 50% occupancy); the building is for sale at $1.2 million. The
subcommittee members also toured this building on December 5, which will be
discussed at another subcommittee meeting in December.
Conclusion
The subcommittee will be discussing possibilities of pursuing a small incubator
facility at the old NOREX building in Prior Lake in conjunction with the framework
document.
ISSUES: Will there be any further EDA direction given to the Subcommittee related to its
discussion of the Technology Village Framework or NOREX building?
FINANCIAL The subcommittee will eventually be identifying a budget necessary to imple-
IMPACT: ment a Technology Village project in Prior Lake.
ALTERNATIVES: 1. (none at this time)
RECOMMENDED Monthly report information only.
MOTION: