2015.11.04 EDC Packet Combined - Laserfiche WebLink

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"We realized that we needed a multi -pronged approach that made use of the various marketing tools available to us," Link said. That approach eventually involved more visibility for OTB on the city's website, a notice in a citywide newsletter and one-on-one contacts with local bankers and city regulatory staff who dealt with local businesses on a day-to-day basis. "I think our efforts paid off," Link said. "During the first six months of this year, our participation rate with small businesses was nearly double what it had been all of last year." OTB Loans Here is how three of our second quarter borrowers used their OTB funds: Quality Inn Coon Rapids. Tahir Kahn purchased and upgraded a Quality Inn in CoonRapids. OTB partnered with Northeast Bank and the Minnesota Business Finance Corporation to finance this key economic development project in Anoka County. Primrose School Minnetonka. Dan and Cathy Keefe converted a vacant office building in Minnetonka to a child care center, Primrose School. The new center will serve 181 children aged six weeks to 12 years. The Keefes' new center was financed by OTB and First Children's Finance. Wagner at Law PC. Candace Wagner, a Rosemount resident, started her single - member law practice in 2011. Candace provides legal services to small businesses including business registration, partnership agreements and tax law compliance. An OTB loan helped Candace expand her marketing and purchase new equipment for her Edinaoffice. News Briefs Tim and Kristen Huinker's Rolling Hearth Bistro was recently featured in the Waconia Sun Patriot. Rolling Hearth is a Waconia- based business that brings its mobile wood - fired pizza oven to farmer's markets, parties and special events throughout Carver and Scott counties. Tim and Kristen set up their business after they kept getting rave reviews for the pizzas they made on their own backyard wood -fired oven. Click here for the Sun Patriot story.