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HomeMy WebLinkAboutCity Council - 06/17/2025 - WorkshopApproved Minutes Eden Prairie City Council Workshop Tuesday, June 17, 2025 4 p.m. Flying Red Horse Ribbon Cutting Flying Cloud Drive and Town Center Place Eden Prairie, MN 55344 5:30 p.m. Workshop City Center Heritage Rooms, Council Chambers 8080 Mitchell Road Eden Prairie, MN 55344 ATTENDEES City Council Members: Mayor Ron Case, Council Members Kathy Nelson, Mark Freiberg, PG Narayanan, and Lisa Toomey City Staff: City Manager Rick Getschow, Public Works Director Robert Ellis, Community Development Director Julie Klima, Parks and Recreation Director Amy Markle, Police Chief Matt Sackett, Fire Chief Scott Gerber, Administrative Services/HR Director Alecia Rose, Communications Manager Joyce Lorenz, City Attorney Maggie Neuville, and Recorder Sara Potter Guest Speakers: Hennepin County Economic Development Manager Lily Shaw MEETING AGENDA 4 p.m. Flying Red Horse Ribbon Cutting 5:30 p.m. Heritage Rooms I.Elevate Hennepin Getschow opened by summarizing recent Council discussions regarding small business work and introduced Hennepin County Economic Development Manager Lily Shaw. Shaw introduced Elevate Hennepin, Hennepin County’s branch of small business support. Elevate Hennepin works to create accessible pathways to entrepreneurship by connecting entrepreneurs to vital resources. Elevate Hennepin dismantles barriers to business ownership, creates a diverse and inclusive peer network, and provides current and critical advising services. Small businesses create resilient communities, retain employees, and create beautiful spaces. 96 percent of businesses in Hennepin County have fewer than 100 employees, and 70 percent have fewer than ten. Only ten percent of businesses are owned by People of Color (POC). CITY COUNCIL MEETING AGENDA June 17, 2025 Page 2 Shaw explained Elevate Hennepin was founded in 2020 and provides one place to easily access resources, advisors, and learning opportunities at no cost. 19 Hennepin County cities support Elevate Hennepin through monetary investment, spreading the word, and hosting programs and events. Narayanan asked if Elevate Hennepin groups customers by sector. Shaw confirmed the Elevate Hennepin intake form collects information including type of business, age of business, number of employees, revenue, etc. Nelson asked if Cities are notified if a local small business receives Elevate Hennepin services. Shaw confirmed Cities are provided with a list of small businesses receiving services twice per year. Narayanan suggested partnering with school districts. Shaw noted Elevate Hennepin only services customers over 18 years of age but will provide information on other organizations supporting entrepreneurs under 18. Toomey asked if Elevate Hennepin’s funding has been affected. Shaw confirmed Elevate Hennepin is not federally funded, it is funded through Hennepin County’s Housing and Redevelopment Authority and City partners. Shaw gave an overview of ElevateHennepin.org, the online resource hub including Hennepin County resources and also City, State, and Federal resources. Businesses can access resources, view upcoming events, read stories about fellow business owners, schedule a session with an advisor, and more. The most popular resource is one-on-one advising. Elevate Hennepin contracts with 34 one-on-one advisors, and business owners can access up to 25 hours of no cost support with each advisor. Elevate Hennepin partners with culturally specific organizations to raise awareness. Narayanan asked if the website is public. Shaw confirmed the website is entirely public. Businesses do not need a login or password to complete the intake form. Elevate Hennepin provides support for all stages of the business life cycle. Support for the idea stage was recently added to help vet business ideas and connect entrepreneurs with peers in the same stage. Elevate Hennepin provides 10 areas of support including access to capital, accounting, business strategy, certification, financial management, human resources, idea stage, legal, marketing, and technology. Elevate Hennepin listens to business owners to add additional resources based on feedback. Narayanan asked which area of support would help an entrepreneur needing introductions to customers. Shaw stated business strategy support would CITY COUNCIL MEETING AGENDA June 17, 2025 Page 3 help identify where buckets would be, and marketing would assist with activating those customers. Shaw explained customers can use the business navigator tool to get started, which allows customers to schedule a session with an advisor. Elevate Hennepin has served over 1,600 small businesses through its Business Navigator tool. Shaw provided an example of small business Luro boots, which used Elevate Hennepin resources to access capital and update their website. Narayanan asked what kind of funding options are available through the access to capital support. Shaw confirmed there are multiple low financing small business loans from lenders such as MinnPACE and the Minnesota Consortium of Community Developers. Shaw next summarized available training programs for entrepreneurs. The CEO Start program is for entrepreneurs in the idea stage. Entrepreneurs work together in an 11 week program to build a solid foundation prior to investing time and money. Programs are available through each business lifecycle stage through CEO Next, for established companies with 10 to 99 employees. CEO Next helps businesses scale growth to expand regionally or nationally with peer to peer round tables, speakers, and networking with other CEOs. Entrepreneurs often move through the program chronologically, though it isn’t required. Narayanan asked if participants pay for each program. Shaw confirmed the programs are no cost other than a time investment. Shaw gave examples of small businesses who have graduated from programs, including Eden Prairie based Pizza Karma. Shaw noted Hennepin County provided a $4.2 million investment in Elevate Hennepin, which will be used to distribute small business and commercial loans. Shaw detailed other offerings of Elevate Hennepin. Multiple workshops and events are offered including Get Started, a virtual 75- minute workshop for entrepreneurs in the idea stage, and Thriving Thursdays, a three-hour in person office hours for entrepreneurs and advisors. Additionally, business owners receive access to hours of digital business development content. Shaw summarized the impact of Elevate Hennepin. 3,262 individuals have accessed one-on-one advising, resulting in 222 businesses being launched. 244 individuals have graduated from Elevate Hennepin learning cohorts. $35.8 million of financing has been facilitated, adding 688 jobs to CITY COUNCIL MEETING AGENDA June 17, 2025 Page 4 Hennepin County. Narayanan asked how business advisors assist with financing. Shaw stated business advisors will help applicants get their paperwork in order and fill out loan applications. Shaw shared information specific to Eden Prairie. In 2024 Elevate Hennepin supported 25 local businesses with 375 hours of assistance. Since inception in 2020, 67 Eden Prairie businesses have received 833 hours of support. Over $1.615 million in financing has created 30 jobs and launched three businesses. 55 percent of businesses assisted are female-owned. Narayanan asked how Eden Prairie compares to surrounding cities. Shaw noted each City is extremely unique in terms of support needed. Eden Prairie is on par with cities with similar populations. Shaw stated business owners have positive feedback about Elevate Hennepin. Hennepin County is continuing to invest in Elevate Hennepin to create jobs and generate revenue within communities. Shaw asked Eden Prairie to continue spreading the word. Shaw commended Economic Development Manager Dave Lindahl for his assistance in connecting small business owners with Elevate Hennepin. Toomey asked if Elevate Hennepin collaborates with chambers of commerce. Shaw confirmed Elevate Hennepin often presents to or hosts events with chambers of commerce. The Council members thanked Shaw for her time and efforts. Council Chambers II. Open Podium III. Adjournment