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HomeMy WebLinkAbout08 29 2019 BEC Agenda Packet FULL Business Engagement Committee Meeting Agenda Thursday, August 29, 2019 7:30 a.m. City Hall, Wagon Bridge Conference Room Phone 952.447.9800 / Fax 952.447.4245 / www.cityofpriorlake.com 1. Call to Order 2. Approval of Meeting Minutes a. June 27, 2019 3. Old Business a. None 4. New Business a. Fast-Track Business Challenge 5. Other Business a. EDA Meeting Update b. Residential and Commercial Activity Update c. Staff Update i. 13-21 Construction Update ii. #PLWorthIt Update iii. BEC Openings / Term Expiration d. Commercial Area Liaison Update i. Meet and Greet: Berkshire Hathaway Home Services e. Member Ideas/Recommendations 6. Next Regular Meeting Date a. Thursday, September 26, 2019 7. Adjourn 1 4646 Dakota Street SE Prior Lake, MN 55372 CITY OF PRIOR LAKE, MINNESOTA BUSINESS ENGAGEMENT COMMITTEE MEETING MINUTES – June 27, 2019 1. Call to Order The meeting was called to order at 7:34 a.m. in the Wagon Bridge Conference Room at Prior Lake City Hall. Members present: Kim Prchal, Tim Marco, Sandi Fleck, and Tommy Hesch. EDA Liaison Marie Boucher-Hoese. Staff present: Casey McCabe and Amanda Schwabe. 2. Approval of Meeting Minutes a. May 23, 2019 MOTION BY PRCHAL and SECOND BY HESCH to approve the May 23, 2019 meeting minutes. Motion adopted unanimously. . 3. Old Business a. Construction Customer Attraction Update SCHWABE provided an update on upcoming #PLWorthIt events and activities including Cork, Suds & Grub on June 29 and Conquer Ninja Clash of the Heroes event on July 20. She encouraged members to promote the event on social media and to participate if available. Discussion followed regarding the upcoming events. b. Commercial Area Liaison Update MCCABE questioned how the members would like to see the commercial area liaison visits evolve into the future. He stated that some areas are getting more visits than others given the construction projects. CARROLL stated that it is important to have higher quality and quantity of business visits. She suggested members indicate which businesses they plan to visit in the next 30 days and report back to the group. PRCHAL shared that the commercial area liaison visits are a good way to connect with local businesses although liaison turnover and understanding that the members are busy also can make it difficult to connect with businesses. She shared that staff and other members are available to assist if a liaison is unable to connect with their businesses. CARROLL suggested recommending members visit businesses in stages rather than trying to touch base with every business over the course of a day or two. Members could state at every meeting which business(es) they plan to visit in next 30 days. MCCABE shared that future agendas can include an item for liaison reporting and continued discussion regarding goals of the program. CARROLL questioned if staff could provide a list of businesses in the different liaison areas for tracking and accountability purposes. Staff will work to provide a list of business contact information to Tom Driscoll for the South Lake Village area. CARROLL suggested a follow-up email to the group requesting each member bring information from two business visits to our next meeting. c. Community Partner Program MCCABE shared that we discussed recognizing businesses who make contributions at the last meeting. At that time BEC had questions regarding how the program could be handled. The EDA felt it was an appropriate program for the BEC due to their connectivity with the businesses. CARROLL suggested the CC recognize businesses at their meeting following a contribution in real-time and then the BEC recognize the nominated individuals at our mixer. PRCHAL shared that the Chamber already has a really strong program to recognize community partners and this may create hard feelings amongst businesses. CARROLL has concerns about bias with this type of program. MARCO suggested having a space on the city website or social media for people to acknowledge a great experience with a business, staff member, anniversary, etc. MCCABE shared that with the recent hiring of a City Clerk, there may be opportunity for other staff positions to assist with social media posts on the City Facebook, Twitter, Instagram, etc. 4. New Business a. None Other Business a. Residential and Commercial Activity Update MCCABE provided an overview of the residential and commercial building permit activity as of May 31, 2019. b. Staff Update MCCABE informed the BEC that bids have been received for the 13/21 construction project. The Prior Lake City Council recommended the Scott County Board approve the bids, subject to removal of median monuments. The Scott County Board will be considering approval of the bids at their first meeting in July. c. Member Ideas/Recommendations Discussion occurred regarding doing the Business Pages e-newsletter again. Staff will bring forth topics to the next meeting. 5. Next Meeting Date. The next regular meeting of the BEC will be on Thursday, July 25, 2019 at 7:30 a.m. 6. Adjourn. MOTION BY HESCH and SECOND BY MARCO to adjourn the meeting. Motion adopted unanimously. The meeting adjourned at 8:28 a.m. Submitted by: Amanda Schwabe For Immediate Release June 5, 2019 2019 SCOTT COUNTY FAST-TRACK BUSINESS CHALLENGE APPLICATIONS NOW OPEN! Last year at this time, Melanie Cole and Vicky DeRouchey, of Prior Lake, were busy preparing their application for the Scott County FAST-TRACK Business Challenge. This year, the Co-Founders of ugo wear LLC. (https://ugowear.com/) have been busy preparing a video (see: https://youtu.be/8K5xs_lXw3Y) hoping to advance to the third round of auditions for the Emmy Award winning entrepreneur television show Shark Tank. Their goal is to earn a spot on a fall episode where they can pitch their ugo and seek funding from a Shark. The entrepreneurs impressed Scott County FAST-TRACK Challenge judges during their October, 2018 pitch resulting in the award of various cash and professional business service prizes. Melanie and Vicky strongly encourage other entrepreneurs to take advantage of this local business challenge. Applications are now being accepted for the local “Shark Tank” like business challenge. The award winning Scott County FAST-TRACK Challenge provides entrepreneurs with the resources to develop or fine tune their business plan, develop a pitch for their business and potentially be selected as a finalist to compete for mentorship, cash and professional services to help the business succeed. The competition is free to enter and there is no minimum age requirement. In order to be eligible individuals must reside within Scott County and be willing to locate their business in Scott County or have an established business in Scott County, have a new product or service; have a viable product or service idea and be willing to participate in the FAST-TRACK Challenge live event. Categories for the FAST-TRACK Challenge include: Energy / Clean Tech / Water / Utilities / Environment; Food / Ag / Beverage; General / Other; High Tech; Life Science / Health Tech / Aging; Personal Care Solutions; Professional Services and Industrial Workplace. Evaluation of applications will occur the beginning of September, with finalists being announced mid- September. Practice pitches with the Technology Village Board and Open to Business will take place the end of September and early October, with the FAST-TRACK Challenge Competition to be held on Thursday, October 24, 2019 at Prior Lake City Hall. Business ideas will be evaluated on the product concept and potential viability, potential to create jobs with livable wages, creation of a product that addresses the identified focus areas, among other criteria. 2018 FAST-TRACK Challenge winner Alan Tholkes of Medthera, encourages businesses with new product ideas to apply. He noted, “The FAST-TRACK Challenge really helped improve my skill at pitching our product and Business.” Scott Winters, CEO of Ion Concert Media, the 2017 winner of the FAST-TRACK Challenge reports, “Almost immediately it became clear that the competition was much more valuable than we had anticipated. The coaching we received prior to the final competition round was invaluable, as were the connections we made. The benefits received since winning the event have been numerous as well: the accounting services that came as part of the prize package have been invaluable, the shared office space and advising from Tech Village have been a great help, and we have connected with a number of potential investors. Most importantly, the entire process allowed us an opportunity to rethink our market approach and that has very quickly resulted in a jump in our sales volume this spring. The Technology Village Fast Track Challenge has been a huge benefit to our company, far exceeding expectations. I highly recommend it as a worthwhile exercise for any young Scott County companies.” Applications are being accepted through August 31, 2019 and may be completed on the FAST-TRACK Challenge website www.ScottCountyFastTrack.com, which also contains links to last year’s video clips. For more information contact Jo Foust, Business Development Specialist with Scott County CDA First Stop Shop at: 952-496-8830 or jfoust@scottfss.org. 4646 Dakota Street SE Prior Lake, MN 55372 BUSINESS ENGAGEMENT COMMITTEE REPORT MEETING DATE: August 29, 2019 AGENDA #: 5.a. PREPARED BY: Casey McCabe, Community Development Director AGENDA ITEM: EDA MEETING UPDATE DISCUSSION: Introduction The EDA held a regular meeting on August 12, 2019; discussion topics included: ➢ Development Update (7/31/2019) ➢ Public Arts ➢ Resolution to Approve the Proposed 2019 EDA Tax Levy and Budget ➢ #PLWorthIt Wish Book Conclusion Updates of EDA activity related to the above listed topics will be presented to the BEC during their August 29th meeting. ISSUES: Update Only. FINANCIAL IMPACT: None. ALTERNATIVES: Update Only. 4646 Dakota Street SE Prior Lake, MN 55372 BUSINESS ENGAGEMENT COMMITTEE REPORT MEETING DATE: August 29, 2019 AGENDA #: 5.b. PREPARED BY: Casey McCabe, Community Development Director AGENDA ITEM: RESIDENTIAL AND COMMERCIAL ACTIVITY UPDATE DISCUSSION: Introduction Staff has prepared a development update for BEC review. The attached memorandum provides a summary of residential and commercial / industrial construction in the City of Prior Lake as of July 31, 2019. ALTERNATIVES: RECOMMENDED ALTERNATIVE: ATTACHMENT: Information Only. Information Only. 1. Development Update Phone 952.447.9800 / Fax 952.447.4245 / www.cityofpriorlake.com Memo Date: August 27, 2019 To: City of Prior Lake Business Engagement Committee From: Casey McCabe, Community Development Director Subject: Residential & Commercial Activity Update Below is an update of residential and commercial development in the City of Prior Lake as of July 31, 2019. Number of Permits Declared Value Number of Permits Declared Value Number of Permits % Increase / (% Decrease) Declared Value % Increase / (% Decrease) Single Family Dwellings 80 $24,087,742.00 69 $24,297,676.00 15.94 (0.86) Townhouses (# units)45 $7,804,007.00 39 $6,463,400.00 15.38 20.74 Multiple Units 0 $0.00 0 $0.00 n/a n/a New Commercial Industrial & Commercial 2 $1,620,000.00 1 $1,600,000.00 100.00 1.25 Residential 553 $3,886,365.00 517 $4,354,917.00 6.96 (10.76) Industrial & Commercial 17 $12,184,050.00 18 $2,849,400.00 (5.56)327.60 ⧫Mechanical 302 $0.00 395 $0.00 (23.54)n/a ⧫⧫Mechanical (SF & TH)500 $0.00 432 $0.00 15.74 n/a TOTALS 1499 $49,582,164.00 1471 $39,565,393.00 1.90 25.32 t Mechanical permits include but are not limited to f urnaces, water heaters, softeners, and fireplaces. They are flat-rate permit fees. Increase / (Decrease)2019 Year to Date 2018 Year to Date New Residential Additions and Alterations tt Mechanical (SF & TH) permits include required plumbing, heating, sewer and water and fireplace permit s for new single family residences They are flat-rate permit fees