EDA finishes year with reminiscing and business activity
The EDA also made a payment of $25,000 on the $175,000 loan it received for season start-up funds several years ago. The EDA has been paying interest on this loan, but has not had sufficient revenues to pay on the principal until this year.
EDA Director Somnis informed the EDA board that a $25,000 purchase offer for a lot in Cedar Grove Business Park had been withdrawn. Brad Shannon, of the nonprofit organization North Point, has found another location on which to build a youth center. The sale to Northpoint was on hold as language in the EDA covenants was considered by the EDA, the Grand Marais Planning Commission, and the Grand Marais City Council. There were questions on what is allowed in the business park, about the original purpose of the business park, and about what sort of services should be allowed.
NorthPoint had hoped to buy a small lot just off the Gunflint Trail to the west of the Como Oil and Propane lot. The new location has not yet been announced.
Two other lot sales are moving ahead, said Somnis. North Superior Fishery, LLC and Cook County Towing each requested a lot purchase to expand their current area in the business park. North Superior Fishery operates a boat storage company and Cook County Towing has towing equipment and salvaged vehicles. Both companies need more room for operations. The EDA approved the lot purchases and there will be a public hearing via Zoom on December 15 at 4 p.m. Anyone who would like to participate should contact EDA Director Somnis at [email protected].
The EDA also heard of a possible new option to help fill the ongoing worker shortage on the North Shore. Local business owner and entrepreneur Sarah Hamilton brought a couple of employees from Pine Ridge, South Dakota, an economically depressed area, here for the opportunity to work. Somnis and Hamilton had a brief discussion on whether there would be other workers from Pine Ridge that might be interested in coming to the North Shore. Director Somnis said this is something that will be pursued, as well as the EDA's and Cook County Chamber's efforts to fill positions with international students on Visas and from Puerto Rico.
Somnis also encouraged any local businesses that are struggling financially to contact her or Small Business Development Center Representative Pat Campanaro for information on possible assistance. Contact Somnis at her email or call 218-410-0412.
WTIP's Rhonda Silence learns more about all this in this interview with EDA Executive Director Mary Somnis.
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