Spring Valley EDA USDA Grants for Technical Assistance for Blueprint and Engineered drawings Eligible Applicants: • Business must be locating in the city ofSpring Valley at the new Industrial park Expansion Project • One grant per business • Grant amount is $10,000 • Number of grants available is two. • Sunset date of program 5-1-2012. • Process for Application: • Applicant must fill out the USDA Spring Valley grant application form in its entirety, sign it and submit it to the Economic Development Authority for review. • All applicants must use the grant funds and have full construction by 5-1-2012 and will be given two years to meet the goals set forth in the subsidy agreement or the date. of 5-1-12 which ever is first. • Applicant's agrees to have the firm used for technical assistance submit their final bill to the Spring Valley EDA for payment. Payment made by EDA upon completion and opening of the new construction building. • Submit to: City of Spring Valley EDA: 201 S. Broadway, Spring Valley, MN 55975 Phone: 507-3467367 Fax: 507-346-7249 Email: Director at cathy.enerson@charter.net Economic Development Assistance Guidelines: • The Spring Valley EDA will require applicant to invest equity of 15%ofthe total cost to ensure "ownership" and to deter benefactors from leaving a project at a later date. • This isa grantand money will be paid to the engineering, drafting or other processional business directly once the business opens for operation. Criteria: The EDA will use the following as criteria to award grant funds: 1. JobGrowth • Increasing the number ofjobs within the city limits of Spring Valley definitely • However, the number ofjobs created must be in proportion with the amount of assistance to be given based upon the following chart: • Up to $10,000 in assistance per job created ata wage of $9/hour or greater • Although not required, applicants who show that there is opportunity for new employees to further their careers with education and training shall be given higher regard. Also, ~pplicants which demonstrate that fringe benefits will be offered to new employees (such as child care, health care, and pensions) shall also be given more consideration for assistance, 2. Providing Job Retention, Where Loss is Imminent and Demonstrable • If a company is facing involuntary closure, or if a company has received an offer from another location which is attractive enough to expect that a reasonable person would move the business for financial reasons, then providing assistance to that firm shall be considered serving a public purpose. • If a company has received an offer to relocate from another location, then the details ofthat offer must be provided to the Spring Valley Economic Development Authority. The Spring Valley EDA shall confirm the veracity ofthe offer before awarding assistance to provide job retention. • In serving the purpose ofjob retention, one full time job at $9/hour, or its equivalent, must be demonstrated to be retained for every $5,000 in assistance. 3. Stabilizing the Community • Business assistance will be considered serving a public purpose if the assistance constitutes an investment fora business that (I) historically has not received similar investments; (2) is a blighted area (determined by resolution ofthe Spring Valley EDA Board); or (3) is an economically depressed area (also determined by resolution of the Spring Valley EDA Board). Also, ifit can be demonstrated that the assistance shall stimulate further investment or spin-off businesses and jobs in the area., the assistance shall be deemed as a stabilizing factor, 4. Enhancing Economic Diversity • By enhancing economic diversity, a community is protecting itself from the loss of a dominating industry. Much like a diversified investment portfolio, an economically diverse community is in better position to sustain itselfthan one that relies on the continued existence ofone dominant industry. • Higher consideration will be given to applicants who will; allow the area to participate in fastgrowing industries; protect the area from adverse economic consequences caused by slow growth or declining areas that are dominant in the area; and provide essential consumer services or develop a networkoflocal suppliers to businesses within the community where they would not otherwise exist. 5. Equal Opportunity • The U.S. Department ofAgriculture (USDA) prohibits discrimination in all its programs and activities on the basis of race, color, national origin, age, disability, and where applicable, sex, marital status, familial status, parental status, religion, sexual orientation, genetic information, political beliefs, reprisal, or because all or a part of an individual's income is derived from any public assistance program. (Not all prohibited bases apply to all programs.) Persons with disabilities who require alternative means for communication of program information (Braille, large print, audiotape, etc.) should contact USDA's TARGET Center at (202) 720-2600 (voice and TDD). To file a complaint of discrimination write to USDA, Director, Office of Civil Rights, 1400 Independence Avenue, S. W., Washington, DC 202509410 or call 1-800-795-3272 (voice) or (202) 720-6382 (TDD). USDA is an equal opportunity provider and employer. The Spring Valley EDA is an equal opportunity provider. There is no charge to apply for these grant funds. To apply for this grant click on link below to download application. The application begins on page 3. IndustrialParkincentive.pdf

Spring Valley EDA USDA Grants for

Technical Assistance for Blueprint and Engineered drawings

Eligible Applicants:

• Business must be locating in the city ofSpring Valley at the new Industrial park Expansion Project

• One grant per business

• Grant amount is $10,000

• Number of grants available is two.

• Sunset date of program 5-1-2012.

•

Process for Application:

• Applicant must fill out the USDA Spring Valley grant application form in its entirety, sign it and

submit it to the Economic Development Authority for review.

• All applicants must use the grant funds and have full construction by 5-1-2012 and will be given

two years to meet the goals set forth in the subsidy agreement or the date. of 5-1-12 which ever is

first.

• Applicant's agrees to have the firm used for technical assistance submit their final bill to the Spring

Valley EDA for payment. Payment made by EDA upon completion and opening of the new construction

building.

• Submit to: City of Spring Valley EDA: 201 S. Broadway, Spring Valley, MN 55975 Phone: 507-3467367

Fax: 507-346-7249 Email: Director at cathy.enerson@charter.net

Economic Development Assistance Guidelines:

• The Spring Valley EDA will require applicant to invest equity of 15%ofthe total cost to ensure

"ownership" and to deter benefactors from leaving a project at a later date.

• This isa grantand money will be paid to the engineering, drafting or other processional business

directly once the business opens for operation.

Criteria: The EDA will use the following as criteria to award grant funds:

1. JobGrowth

• Increasing the number ofjobs within the city limits of Spring Valley definitely

• However, the number ofjobs created must be in proportion with the amount of assistance to be

given based upon the following chart:

• Up to $10,000 in assistance per job created ata wage of $9/hour or greater

• Although not required, applicants who show that there is opportunity for new employees to further

their careers with education and training shall be given higher regard. Also, ~pplicants which

demonstrate that fringe benefits will be offered to new employees (such as child care, health care,

and pensions) shall also be given more consideration for assistance,

2. Providing Job Retention, Where Loss is Imminent and Demonstrable

• If a company is facing involuntary closure, or if a company has received an offer from another

location which is attractive enough to expect that a reasonable person would move the business for

financial reasons, then providing assistance to that firm shall be considered serving a public

purpose.

• If a company has received an offer to relocate from another location, then the details ofthat offer

must be provided to the Spring Valley Economic Development Authority. The Spring Valley

EDA shall confirm the veracity ofthe offer before awarding assistance to provide job retention.

• In serving the purpose ofjob retention, one full time job at $9/hour, or its equivalent, must be

demonstrated to be retained for every $5,000 in assistance.

3. Stabilizing the Community

• Business assistance will be considered serving a public purpose if the assistance constitutes an

investment fora business that (I) historically has not received similar investments; (2) is a blighted

area (determined by resolution ofthe Spring Valley EDA Board); or (3) is an economically

depressed area (also determined by resolution of the Spring Valley EDA Board). Also, ifit can be

demonstrated that the assistance shall stimulate further investment or spin-off businesses and jobs

in the area., the assistance shall be deemed as a stabilizing factor,

4. Enhancing Economic Diversity

• By enhancing economic diversity, a community is protecting itself from the loss of a dominating

industry. Much like a diversified investment portfolio, an economically diverse community is in

better position to sustain itselfthan one that relies on the continued existence ofone dominant

industry.

• Higher consideration will be given to applicants who will; allow the area to participate in fastgrowing

industries; protect the area from adverse economic consequences caused by slow growth

or declining areas that are dominant in the area; and provide essential consumer services or

develop a networkoflocal suppliers to businesses within the community where they would not

otherwise exist.

5. Equal Opportunity

• The U.S. Department ofAgriculture (USDA) prohibits discrimination in all its programs and activities

on the basis of race, color, national origin, age, disability, and where applicable, sex, marital status,

familial status, parental status, religion, sexual orientation, genetic information, political beliefs, reprisal,

or because all or a part of an individual's income is derived from any public assistance program. (Not all

prohibited bases apply to all programs.) Persons with disabilities who require alternative means for

communication of program information (Braille, large print, audiotape, etc.) should contact USDA's

TARGET Center at (202) 720-2600 (voice and TDD). To file a complaint of discrimination write to

USDA, Director, Office of Civil Rights, 1400 Independence Avenue, S. W., Washington, DC 202509410

or call 1-800-795-3272 (voice) or (202) 720-6382 (TDD). USDA is an equal opportunity provider

and employer.

•The Spring Valley EDA is an equal opportunity provider.

•There is no charge to apply for these grant funds.

To apply for this grant click on link below to download application. The application begins on page 3.

IndustrialParkincentive.pdf