HomeMy WebLinkAboutResolution - 2021-46 - Support of Job Creation Fund Application -Collagen Solututions (US) Inc. - 06/15/2021CITY OF EDEN PRAIRIE
HENNEPIN COUNTY, MINNESOTA
RESOLUTION NO. 2021-46
A RESOLUTION APPROVING THE SUPPORT OF A JOB CREATION FUND
APPLICATION IN CONNECTION WITH COLLAGEN SOLUTIONS (US) INC.
WHEREAS, the City of Eden Prairie, Minnesota (the "City"), desires to assist Collagen
Solutions (US) Inc. located at 6575 City West Parkway in Eden Prairie, obtain funding from the
Department of Employment and Economic Development (DEED) Job Creation Fund Program;
and
WEREAS, Collagen Solutions (US) Inc. plans to lease building located at 6455 City West
Parkway in Eden Prairie and use JCF funds to help expand operations and create significant
high-value manufacturing, technical, and professional jobs over the next three years; and
WHEREAS, the City understands that Collagen Solutions (US) Inc. through and with the
support of the City, intends to submit to the Minnesota Department of Employment and
Economic Development an application for an award and/or rebate from the Job Creation Fund
Program; and
WHEREAS, the City of Eden Prairie held a city council meeting on June 15, 2021 to consider
this matter.
NOW, THEREFORE, BE IT RESOLVED that, after due consideration, the Mayor and City
Council of the City of Eden Prairie, Minnesota, hereby adopts the following findings of fact related
to the project proposed by Collagen Solutions (US) Inc. and its application for an award and/or
rebate from the Job Creation Fund Program and express their approval.
The City Council hereby finds and adopts the reasons and facts supporting the following findings
of fact for the approval of the Job Creation Fund Program application:
1. Finding that the project is in the public interest because it will encourage the growth of
commerce and industry, prevent the movement of current or future operations to locations
outside Minnesota, result in increased employment in Minnesota, and preserve or enhance
the state and local tax base;
• Collagen Solutions (US) Inc. has indicated that JCF funding is necessary to offset
the cost of the tenant improvements and equipment at their Eden Prairie facility
and will help support up to 20-25 new jobs over the next three years.
2. Finding that the proposed project, in the opinion of the City Council, would not reasonably
expected to occur solely through private investment within the reasonably foreseeable
future;
• Collagen Solutions (US) Inc. has stated it needs to broaden its current footprint
and range of services in order to capitalize on its recent success and to remain
competitive in a growing market, and to offer its US. customers an Eden Prairie,
Minnesota base of manufacturing operations, offering its customers a sustainable
supply within US. borders, to complement its existing UK and New Zealand-based
operations. This would be the first investment in US-based manufacturing
operations in the company's combined history.
• Collagen Solutions (US) Inc. has indicated that without the JCF funding it would
invest less aggressively in the US. and Eden Prairie, Minnesota and not have the
opportunity to create extra capacity to attract new customers and create local job
opportunities.
3. Finding that the proposed project conforms to the general plan for the development or
redevelopment of the City as a whole;
• Collagen Solutions (US) Inc. 's proposed facility located at 6455 City West
Parkway, Eden Prairie and its proposed expansion is a consistent with the City's
Comprehensive Plan.
4. Finding that the proposed project will afford maximum opportunity, consistent with the
sound needs of the City as a whole, for the redevelopment or development of the project
by private enterprise;
• Collagen Solutions (US) Inc.'sfacility located at 6455 City West Parkway, Eden
Prairie and its proposed expansion plans are consistent with the City's
Comprehensive Plan.
ADOPTED by the City Council of the City of Eden Prairie this 15th day of June 2021.
Ronald A. Case, Mayor
ATTEST: