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From YouTube: February 2, 2021 Bloomington Port Authority Meeting
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B
B
B
A
B
A
Okay,
the
next
item
that
we
have
on
the
agenda,
then,
is
the
porn
trade
zone,
and
we
have
two
appointments
that
we
need
to
make
chained
a
little
right
up
on
it,
and-
and
this
is
something
that
I
guess
it's
not
quite
exactly
clear
whether
somebody
has
to
be
on
the
court
or
not.
That's
certainly
been
our
position.
A
Currently.
Gene
winstead
was
disappointed
when
he
was
mayor
and
then
shane
has
been
on
for
a
number
of
years
and
well
she's
kind
of
president
of
the
warranty
zone,
and
he
may
want
to
come
a
little
bit.
But
my
understanding
is,
I
mean
again,
came
with
something
that
he's
with
respect
to
the
appointments
we
had
a
several
years
ago,
when
we
had,
I
think
two
people
with
rob.
A
So
what
I
would
would
like
to
propose,
I
think,
given
that
that
was
beneficial
in
assuming
that
jim
bussey
is
willing
to
do
it
is,
is
that
we
would
take
and
and
appoint
tim
bussy,
mr
bussy
as
to
the
foreign
trade
zone,
and
then
mr
shane
hodling
shane.
Did
you
want
to
make
amendment.
D
Yeah,
thank
you,
president
erickson
commissioners,
happy
to
entertain
the
appointments,
of
course
now
or
at
any
time.
Of
course,
we
do
have
john
schaffner
with
deed,
who
is
our
administer
of
the
board
hired
by
the
foreign
trade
zone
board,
to
do
that.
Work
and
he's
got
a
presentation
that
he'll
walk
through
tonight.
D
Just
to
give
the
port
authority
commission
a
little
bit
of
background
on
what
the
foreign
trade
zone
can
do
has
been
doing
so
whenever
you,
whenever
you
want
to
do
that,
mr
president,
is
it's
all
good
appointments
first
or
wait
until
after
that.
A
A
I
don't
see
anybody
making
any
noise
well.
Why
don't?
Why?
Don't
we
just
if
we're
comfortable,
let's
just
proceed
and
get
that
out
of
the
way
and
do
that,
so
I
guess
I
typically
don't
make
emotion,
but
I
guess
I
guess
I
can,
and
so
I
would
make
a
motion
that
we
appoint
mr
bussie
and
then
have
shane
woodlawn
as
our
executive
director
is
our
representatives
on
the
foreign
trade
zone,
I'll
check.
E
A
A
B
F
D
A
D
Yeah,
I
think
john
has
about
20
20
slides
to
to
go
through
and
at
the
pleasure
of
the
board.
You
know
we
wanted
to
move
through
those
relatively
quick
quickly
and
then
get
on
to
the
other
item
later,
but
I'll
just
say
a
few
words
about
the
foreign
trade
zone
and
then
hand
it
over
to
john
so
the
foreign
trade
zone.
D
I
did
put
a
little
write-up
in
there
about
what
the
foreign
trade
zone
does
so
frankly,
a
little
little
known
economic
development
tool
that
is
really
important
to
certain
companies,
and
you
know
when
I
got
involved
in
the
foreign
trade
zone
now
10
10
years
ago,
almost
10
years
ago
it
was
kind
of
a
sleepy
board
that
had
a
few
users
and
since
then
it's
grown
a
lot
and
I
think,
that's
in
large
part
due
to
the
foreign
trade
zones,
partnership
with
deed
as
they're
out
talking
to
companies
and
doing
the
promotion
that
the
foreign
trade
zone
alone
can't
do
porn
trade
zone
knocks
on
the
door
and
the
company
say
hi.
D
You
know.
Why
are
you
bothering
us
deed
knocks
on
the
door?
You
know
they
get
a
lot
more
play
and
so
the
board,
the
front
trades
on
board
realized
that
we
needed
a
different
management
situation
about
well
ten
years
ago
or
so,
and
we
worked
to
find
that
entity.
We
talked
to
greater
msb.
D
We
talked
to
a
couple
other
other
entities
and
ended
up
talking
to
deed
and
have
just
had
a
great
partnership
with
them
and
again
john's
done
a
great
job,
and
so
with
that
I'll
turn
it
over
to
john.
He
can
walk
through
his
presentation
and
john
take
it
away.
G
Thank
you,
shane.
I
am
having
an
issue
and
that
it's
requiring
me
to
quit
and
restart.
I
had
to
change
some
privacy
settings
to
share
the
screen.
So
if
it's
okay
with
everybody
I'll
just
run
through
it,
so
we
won't
hold
up
the
meeting
right.
D
You
know
john
john,
let
me
I
I
can
pull
it
up
here
online
and
and
do
the
sharing,
I
think,
might
be
perfect
if
carolyn.
If
carolyn
makes
me
the
presenter.
G
D
All
right
I'll
just
do
it
like
that:
okay,
john
and
I'll
try
to
move
along
with
you.
If
I'm
on
a
different
slide,
let
me
know
and
all
right,
okay,.
G
We'll
go
to
the
first
slide
now
the
really
appreciate
the
opportunity
to
speak
to
the
group
today
I'll
try
to
go
through
this
quickly
and
if
anybody
has
any
questions
as
we
as
we
move
through,
these
feel
free
to
ask
them
otherwise
I'll
just
leave
some
time
at
the
end.
To
answer
any
questions
anybody
may
have.
We
really
wanted
to
give
you
an
overview
of
the
ftc
today,
rather
than
getting
too
far
down
in
the
weeds
of
it,
but
happy
to
dive
into
weeds
too.
G
If
anybody
wants
to
dive
a
little
deeper
on
any
of
the
the
mechanics
of
the
ftc
just
a
broad
overview,
what
is
an
ftc?
We
find
that
there
are
a
lot
of
people,
a
lot
of
companies
that
still
aren't
familiar
with
what
an
ftc
is
the
program's
been
around
since
1934.
G
It
was
created
during
the
great
depression
as
a
jobs
program
and
still
serves
as
a
jobs
program
today,
but
as
far
as
what
it
is,
it's
actually
a
secure
area
under
the
supervision
of
u.s
customs
and
border
protection.
That's
considered
outside
of
the
u.s
customs
territory
for
purposes
of
duty
payment,
so
subject
to
all
the
laws
and
regulations
that
anybody
else
will
be
subject
to,
but
they,
basically,
the
the
goods,
are
not
considered
to
have
entered
the
u.s
customs
territory,
while
they're
in
the
foreign
trade
zone,
so
they
can
arrive
in
the
port.
G
Move
in
bond
into
the
ftc,
sit
there
for
perpetuity
get
made
into
other
products
and
saves
the
company
money
on
the
duty
savings
until
they
leave
the
foreign
trade
zone.
A
lot
of
you
have
heard
of
the
free
trade
before
they're
kind
of
one
and
the
same.
The
free
trade
zones
are
really
the
international
version
internationally.
They
look.
Do
look
at
the
usftz
program
as
sort
of
the
gold
standard.
G
Some
of
the
ones
overseas
are
a
little
less
regulated
gets
a
little
a
little
bit
more
open
as
far
as
what
they
can
do.
You
know
ours
in
the
united
states
are
very
well
regulated,
they're
overseeing
there's,
never
issues
with
the
foreign
trade
zones,
so
it's
actually
a
a
good
partnership
with
customs
and
border
protection
again
created
in
1934,
and
every
zone
activity
is
subject
to
a
review
on
a
case-by-case
basis
whenever
there's
manufacturing
that
goes
on.
G
So
we
work
closely
with
the
ftc
board,
which
is
part
of
the
us
department
of
commerce.
In
dc
on
these
applications,
and
and
again
I
found
that
to
be
a
great
partnership.
Next.
G
The
just
my
overview
of
ftc's
in
the
united
states,
there's
193
across
the
country,
and
if
you
look
at
the
everybody's
interested
in
jobs,
if
you
look
at
the
jobs
that
are
that
are
in
those
ftc's,
it's
460
000
at
3
300,
different
firms
that
work
in
ftc's
over
the
course
of
2019
and
we're
just
now
doing
the
reports
for
2020,
which
is
why
we're
showing
that
the
19
numbers
you
look
at
the
shipments
going
into
the
ftc's
767
billion
dollars,
with
64
percent
of
that
being
domestic
status
merchandise,
which
tends
to
demonstrate
that
the
way
the
ftc's
generally
work
is
they're,
mixing
domestic
goods
and
imported
goods
to
make
product
here
in
the
united
states
that
ordinary
that
otherwise
would
like
to
be
made
overseas.
G
If
you
look
at
the
largest
industries
that
are
in
ftc's,
it's
oil,
refining,
automotive,
electronics,
pharmaceutical
machinery
and
equipment,
and
then,
if
you
look
at
exports
that
went
out
of
foreign
trade
zones
in
19,
that
was
111
billion,
and
I
will
add
just
one
thing
here
that
that
everybody
may
find
of
interest.
You
know
I
mentioned
one
of
the
biggest
groups
is
pharmaceuticals.
G
One
of
the
things
that
we're
working
on
through
the
national
association
is
promoting
the
ftc's
role
and
the
rollout
of
the
cova
19
vaccine
pfizer
has
three
ftcs
one
in
michigan,
one
in
wisconsin,
one
in
florida
to
where
they
were
able
to
use
the
ftc
to
get
that
vaccine
to
the
market
quicker
and
basically
the
way
they
were
able
to
do.
G
That
was
they're
able
to
bring
in
a
good
that
hasn't
necessarily
been
approved
by
the
food
and
drug
administration
park
it
in
the
foreign
trade
zone
until
they
get
that
approval,
and
so
the
drug
is
here
ready
to
go.
So
since
the
approval
came
out,
those
vaccines
were
ready
to
go
and
there's
other
pharmaceutical
companies
there.
You
know
we
talked
to
upshur
smith,
about
it,
there's
no
duty
on
on
the
pharmaceuticals,
but
there
is
on
the
api,
which
is
the
active
pharmaceutical
ingredient
and
that's
six
and
a
half
percent.
G
So
the
drug
companies
look
at
well.
Do
I
make
that
drug
here
in
the
united
states,
or
do
I
make
it
overseas
if
they
make
it
overseas,
they
can
bring
it
in
at
zero
percent
duty
rate
if
they
make
it
here,
they'd
have
to
pay
that
six
and
a
half
percent
which
basically
penalizes
a
company
for
manufacturing
in
the
united
states,
and
that
was
really
again
why
the
ftc
was
created
is
to
to
put
the
u.s
manufacturing
level
on
a
level
playing
field.
G
So
that's
kind
of
an
interesting
one,
that's
sort
of
something
that
you
know
we're
all
aware
of
and
cognizant
of,
and
you
can
really
kind
of
see
how
the
ftc
has
played
a
role
in
getting
that
vaccine
out
quicker.
Okay,
next.
G
The
and
again,
what
is
a
foreign
trade
zone,
it's
under
the
I
think
we
went
back
a
slide
there,
looking
at
the
benefits
to
business,
the
the
way
that
you
know,
if
you're
a
company,
why
would
you?
G
Why
would
you
enter
in
a
foreign
trade
zone
looking
at
some
of
the
benefits
that
they
they
can
see
under
through
they
make
the
application
they
get
entitled
to
use
his
own
procedures
and,
as
part
of
those
zone
procedures
they're
able
to
when
they
enter
goods
into
the
customs
territory,
they
can
pay
the
duties
on
the
either
the
original
four
materials
or
the
finished
product.
So
again,
if
you
look
at
it,
they
call.
G
It
inverted
duty
savings
like
an
example
here
in
minnesota's
polaris
they
build
engines
for
off-road
vehicles
and
the
duty
on
those
engines
is
zero
percent.
The
duty
on
the
crankshaft
is
eight
percent.
It's
made
in
japan,
so
they're
able
to
bring
that
crankshaft
in
into
the
foreign
trade
zone
as
well
as
what's
manufactured
here
in
the
united
states,
build
that
engine
and
then
do
the
customs
entry
from
the
ftc
and
basically
pay
that
zero
percent.
G
So
polaris
gets
the
same
treatment
by
making
that
engine
here
as
if
they
were
making
the
engine
in
japan
and
also
good.
The
second
item
they're
due
domestic
goods
that
are
moving
into
the
ftc,
are
considered
exported
upon
entering
the
zone
for
purposes
of
excise
tax
and
drawbacks,
so
drawbacks.
A
long,
complicated
process
by
using
an
ftc
a
company
is
able
to
basically
not
pay
the
duty
and
then,
if
they
re-export
the
good,
they
never
pay
the
duty.
Never
do
the
customs
entry
never
pay
the
duty.
G
So
again
it
helps
to
create
a
a
more
efficient
means
of
companies
to
manufacture
here
in
the
united
states
versus
overseas.
Some
of
the
other
benefits
are
mpf
merchandise,
processing,
fee
savings.
Every
time
a
company
does
a
customs
entry.
They've
got
to
pay
an
mpf
fee,
which
is
anywhere
from
25
to
500..
G
We
had
one
company
that
did
10
000
entries
a
year,
so
they
were
able
to
save
almost
a
million
dollars
just
by
the
mpf
fee
savings
and
being
able
to
do
a
weekly
entry
versus
paying
it
for
every
single
customs
entry
and
also
streamlined
logistics.
So
when
a
company
has
a
container
to
come
into
port
of
los
angeles,
instead
of
having
that
container
to
clear
customs
in
la
it
can
move
inbound
into
the
ftc
and
then
they
don't
have
to
pay
the
due
or
they
they
don't
have
to
minnesota.
G
So
some
companies
have
been
able
to
cut
about
three
days
off
of
their
inventory
just
by
getting
that
product
here
to
minnesota
quicker
so
again
makes
their
us
operations
more
cost,
competitive.
Okay,
next
slide.
G
Other
benefits
are
wasted,
so
if
there's
scrap
waste,
they
can
destroy
that
within
the
ftc.
Never
pay
the
duty
on
it
duty,
elimination
on
a
good
set
of
re-exported.
We
have
some
companies
that
bring
goods
into
minnesota,
combine
it
with
other
goods,
inspect
it
package
it
up,
re-export
it
so
they're
able
to
basically
do
all
that
without
having
to
do
the
customs
entry
so
again,
save
some
money
saves
them
time,
duty,
deferral
and
imports
other
companies
that
that
basically
do
distribution.
G
Like
a
lot
of
the
clothing
companies,
they'll
bring
those
goods
in
park
them
in
the
foreign
trade
zone,
and
they
don't
pay
the
duty
until
they
do
the
customs
entry,
so
they
might
bring
it
in
april.
Keep
it
in
the
zone
maybe
leaves
the
zone
in
november,
as
as
retailers
are
stocking
up
for
the
holidays
and
they're
able
to
match
when
they
pay
that
duty
with
when
they
sell
the
goods.
G
So
it
provides
a
real
cash
flow
advantage
to
companies,
rather
than
paying
the
duty
in
april
being
out
of
out
of
pocket
that
money
until
until
november,
until
their
customer
pays
for
the
they
can
defer
it.
So
it
helps
the
company
to
match
when
they
pay
the
duty
with
when
they
sell
the
good,
and
also
we
talked
a
little
bit
about
inverted
tariffs.
So
this
provides
u.s
manufacturing
companies
with
relief
from
inverted
tariffs.
G
Okay,
next
benefits
to
economic
development.
Why
should
we
care
as
economic
developers,
again
jobs,
jobs?
Jobs
is
what
it's
all
about
and
it
was
created
as
a
jobs
program,
still
jobs
program.
So
the
ftc
is
something
that
we
consider
indeed
to
be
a
very
important
tool
in
our
toolbox
that
we,
when
we're
out
talking
to
companies,
not
just
companies
that
are
here
already,
but
companies
that
might
be
thinking
about
establishing
a
us
manufacturing
presence.
G
So
we
use
it
as
a
tool
to
to
reach
out
to
new
companies
and
try
to
encourage
them
to
set
up
manufacturing
distribution
operations
in
the
united
states,
as
well
as
to
retain
operations,
because
you
know,
as
you
may
know,
every
company's
looking
at
their
supply
chain,
especially
nowadays,
trying
to
determine
where
do
they
want
to
manufacture?
Where
do
they
want
to
distribute,
distribute
their
products?
And
so
the
ftc
is
a
really
important
tool
to
keep
minnesota
competitive.
G
With
other
locations
around
the
country,
as
well
as
globally,
so
a
very
important
tool
that
we
have
to
retain
and
attract
jobs
to
the
state,
some
of
the
other
benefits
again
encourage
u.s
activity,
employment,
value
added
and
again
a
lot
of
times.
This
is
in
competition
with
do
we
make
it
here?
Do
we
make
it
overseas,
so
the
ftc
plays
an
important
role
in
retaining
and
attracting
new
employment
and
again
ftc
sites
remain
within
the
jurisdiction
of
federal
state
and
local
governments.
So
they
can't
do
anything
within
an
ftc.
G
That's
not
legal
within
the
united
states
or
within
the
state
of
minnesota
or
within
the
city
of
bloomington,
and
safety
is
also
another
key
factor.
The
ftc's
are
considered
a
best
practice
under
the
customs
of
border
protection.
Customs,
trade,
partnership
against
terrorism
and
part
of
that
is
because
it's
an
open
book,
so
the
companies
that
are
in
the
ftc
basically
go
to
customs
and
border
protection
and
say
okay.
This
is
what
we're
doing.
This
is
what
we're
bringing
in
this
is.
G
What
we're
doing
on
site
and
kind
of
like
the
irs
cbp
has
an
open
invitation
to
come
in
and
check
that
out
at
any
time,
so
they've
never
had
a
problem
with
the
ftc
companies,
because
again,
it's
kind
of
an
open
book
and
a
a
relationship
between
the
two
entities,
so
they're
able
to
get
their
goods
quicker
because
of
that
trusted,
relationship
and
cbp
likes
the
program
because
they
know
what
those
ftc
companies
are
doing
a
lot
more
secure
than
a
company
that
might
do
a
a
one-off
import
once
or
twice
a
year
outside
of
the
visibility
of
the
of
customers
of
border
protection.
G
So
safety
is
another
important
factor.
Okay,
next,
what
is
a
grantee,
which
is
what
the
minnesota
foreign
trade
zone,
119
or
greater
metropolitan
air
force
trade
zone
commission
is
that's
created
when
a
local
organization-
in
this
case
the
gma
ftcc,
applies
to
the
ftc
board
for
a
grant
to
establish
and
operate
a
zone.
The
service
specifically
defines
the
geographic
area.
G
The
ftc
board
in
washington
approves
that
application
and
then
designates
that
entity
as
a
grantee
as
a
grantee.
We're
able
to
submit
applications
and
sponsor
new
companies
come
into
the
ftc
and
establish
sub
zones,
and
you
can
also
do
what
they
call
magnet
sites.
If
you,
if
you
do
like
in
minneapolis,
we
have
a
corporate
park,
that's
a
magnet
site,
so
it's
basically
already
been
through
the
approval
process.
G
So
when
a
company
wants
to
set
up
and
operate,
all
they
do
is
a
pod
is
cbp
to
activate
the
zone
and
and
grantees
do
operate
as
public
entities,
which
means
we
basically
have
to
provide
uniform
treatment
under
like
conditions,
we
publish
our
fees,
so
all
that's
transparent
to
the
to
anybody
who
may
be
interested
in
learning
more
about
what
the
ftc
is,
how
it
works,
what
the
fees
are
all
that's
included
in
the
schedule
that
we
we
post
on
the
website.
It's
also
on
the
federal
website.
Okay,
next.
G
Arthritis
by
minnesota
statute,
469.059,
which
is
basically
the
the
same
statute
that
gives
the
development
district
port
authorities
their
powers
and
discover
about
five
member
board
of
directors.
I
really
would
like
to
take
a
moment
here
just
to
acknowledge
and
our
appreciation
for
shane
and
his
leadership.
G
Shane's
been
the
chairperson
of
the
board
for
the
four
years
we've
been
involved
and
really
does
an
amazing
job
and
keeping
us
on
on
keeping
the
group
on
on
task
and
providing
leadership
to
the
board
so
really
appreciate
that
gene
has
been
on
the
board,
for
I
think
two
years
now
and
also
provides,
as
has
been
a
a
really
tremendous
board.
G
Member
has
brought
a
lot
of
insight
a
lot
of
help
in
reaching
out
to
new
companies
from
his
network,
which
is
pretty
extensive,
so
really
appreciate,
bloomington
being
a
part
of
this,
and-
and
if
I
mistake
me
if
I'm
wrong
shane,
but
I
think
bloomington's
been
been
a
member
of
the
board
ever
since
the
grantee
was
designated
20
plus
years
ago
in
minnesota.
G
The
other
parties
to
the
agreement
are
hennepin.
County
larry
blackstead
serves,
as
vice
chairman
of
the
board,
and
patricia
fitzgerald
who's.
The
the
county's
economic
development
manager
serves
on
the
board
and
then
from
the
metropolitan
airports.
Commission,
mr
killian,
is
our
secretary
and
treasurer
okay.
Next.
A
John
and
I
we
shane
has
spoken
a
lot
about
you
and
he's
really
been
impressed
with
the
job
you
have,
so
we
very
much
appreciate
the
work
that
you've
done
and
I
was
I
remember,
touring
the
murphy
warehouse,
which
was
the
only
site
with
clark
armstead
many
many
years
ago,
and
it
wasn't
very
aggressive
at
that
time.
So
it's
it's
really
a
delight
to
me
to
see
the
progress
that
you
made
with
a
number
of
companies
and
shane
tells
me
that
you've
had
a
lot
to
do
with
that.
So
thank
you
very
much.
G
Thank
you
and
we
think,
there's
still
a
lot
of
other
opportunities,
so
we're
continuing
to
promote
it.
Every
chance
we
get
so
we
we
anticipate
future
growth
as
well,
and
murphy
is
still
in
ftc
119
clients,
so
they've
been,
I
think,
they've
been
around
since
the
beginning.
G
Some
of
the
other
responsibilities,
you
might
wonder,
what
does
the
grantee
do?
One
of
the
things
we
do
is
maintain
a
current
zone
schedule
again,
everything
is
transparent.
It's
posted
on
the
website
available
for
the
public,
any
prospects
or
existing
clients
to
take
a
look
at,
and
that
outlines
all
the
rules
and
regulations
of
the
ftc.
G
We
have
written
agreements
with
all
of
the
operators
and
and
make
sure
we
keep
those
current.
Once
a
year
we
found
annual
report
to
the
ftc
board,
that'll
be
coming
up
here
at
the
end
of
march
for
calendar
year,
2020,
and
also
one
of
the
big
responsibilities
is
marketing
the
ftc
continuing
to
tell
the
story
make
sure
that
new
companies
are
aware
of
it
so
that
we're
continuing
to
provide
that
as
a
tool
to
try
to
increase
jobs
and
investment
in
the
united
states.
G
We
also
work
with
the
operator
prospects,
who
are
maybe
thinking
about
coming
into
the
foreign
trade
zone,
and
some
of
that
includes
things
like
reaching
out
helping
them.
Do
the
math
on
the
cost,
costs
and
benefits
of
what
does
it
take
to
get
into
the
zone?
What
does
it
take
to
run
a
compliant
zone
operation?
G
So
we
do
all
that
for
them
at
no
charge
to
the
companies
so
that
they
can
get
their
arms
around
it.
Does
it
make
sense
to
move
forward
or
not,
and
then
also
we
try
to
host
different
events
throughout
the
year.
Some
of
those
would
partner
with
the
national
association
of
foreign
trade
zones
and
offer
those
educational
opportunities
on
a
national
basis.
Back
in
the
day,
pre-kova
days,
we
had
moved
towards
starting
to
get
all
of
the
operators
together
once
a
year.
G
So
we
had
a
a
meeting
there
at
the
hotel
in
at
the
airport,
the
intercontinental
in
october,
just
before
everything
of
course
closed
down
for
covid,
so
hopefully
in
the
near
future,
we'll
be
able
to
do
that
again
where
we
can
get
the
operators
together
and
one
of
the
things
that
we
found
is
you
know
we
can
do
all
the
marketing
and
all
the
promotion
we
want.
G
But
it's
nothing
like
word
of
mouth
and
hearing
somebody
that's
in
the
zone,
so
all
of
the
existing
operators
have
all
been
willing
to
talk
to
new
companies
and
sort
of
share
their
experience
and
and
give
it
their
stamp
of
approval
that
yeah
this
is
legitimate.
This
is
this
is
this
is
something
that's
manageable,
so
they've
been
great
partners
in
helping
us
to
to
market
the
foreign
trade
zone
and
try
to
get
some
of
those
prospects
across
the
finish
line.
G
G
So
again
we
look
at
it
as
an
opportunity
to
help
the
companies
improve
their
bottom
line
and
also
as
an
economic
development
tool
to
try
to
attract
new
companies
to
to
the
state,
so
really
a
lot
of
benefits
for
for
both
of
those,
it's
really
a
win-win
situation.
G
Next,
some
of
the
other
things
that
the
board
members
commit
to
is
again
providing
that
oversight
and
leadership
to
the
foreign
trade
zone
really
have
some
good
discussions.
We
try
to
meet
at
least
every
other
month
and
a
lot
of
talk
about
you
know
marketing
initiatives.
What
can
we
do
to
better
promote
the
foreign
trade
zone?
G
What
can
we
do
to
make
sure
we're
taking
care
of
the
existing
operators,
making
sure
they're
getting
that
continuing
education
that
they
that
they
need
to
be
successful
within
the
foreign
trade
zone?
G
Some
of
the
other
things
that
the
board
does
is
again
set
that
policy
and
direction
that
we
carry
out
through
our
administrative
responsibilities
and
then
also
promote
the
foreign
trade
zone
within
their
networks
and
within
their
municipalities,
so
that
you
know
you
never
know
where
somebody
might
enter
the
network
and
find
out
about
the
foreign
trade
zone
for
the
first
time.
G
So
we
definitely
appreciate
the
the
board
members
also
engaging
when
an
opportunity
arises
with
their
networks
to
make
them
aware
of
the
ftc
next
and
some
of
the
clients
that
are
current
clients
of
the
ftc
is
sick,
which
I
know
you're,
probably
all
familiar
with
sick
product,
incompetent
center
america,
they've
got
they've,
been
growing
growing
like
crazy
and
have
opened
up
multiple
ftc
sites
with
in
bloomington
savage
st
paul
and
seems
to
continue
to
be
doing
very
well.
G
They've
been
a
client
a
long
time,
a
red
wing
shoe
company
in
red
wing
minnesota,
which
again
another
name
most
all
of
you
are
probably
familiar
with.
They
build
engines
of
the
foreign
trade
zone,
matt
holdings
they
build
air
compressors
and
therefore
in
trade
zone,
a
space
down
in
springfield
minnesota
murphy
warehouse,
which
is
our
general
purpose,
warehouse,
meaning
they
can
work
with
any
company,
so
a
company
that
might
think
well.
This
would
be
beneficial
to
me,
but
I
don't
necessarily
want
to
have
my
own
foreign
trades
on
just
yet.
G
G
The
newest
client
is
adco,
which
makes
the
big
tractors
down
in
jackson
minnesota.
So
they
came
in
about
a
year
ago
and
or
the
newest
client
seems
to
be
working
out
pretty
well,
so
we're
looking
forward
to
seeing
them
continue
to
grow
and
expand.
Also
next,
some
of
the
accomplishments
that
have
been
that
have
happened
over
the
years
other
than
just
the
day-to-day
running.
G
A
successful
compliant
operation
or
the
board
did
pursue
designation
of
the
alternative
site
framework
back
in
2011
and
that
basically
enabled
us
to
move
a
lot
faster.
If
you
that
encompasses
that
13
county
service
area,
which
is
roughly
60
miles,
90
minutes
of
the
port
of
minneapolis.
G
By
by
having
that
asf
set
up,
we
can
basically
get
a
new
client
into
the
foreign
trade
zone.
In
less
than
30
days,
you
know
we've
heard
stories
that
years
ago
it
was
a
three
foot
tall
stack
of
paper
to
get
in
the
ftc
six
seven
month
process.
Now
it's
a
30-day
process
and
the
ftc
board
and
the
grantees
have
all
worked
together
to
really
streamline
things
quite
a
bit.
G
So
if
you
talk
to
somebody
that
looked
at
it
20
years
ago,
it's
really
a
whole
different
program
today,
as
far
as
what
it
takes
to
get
into
the
ftc
much
more
streamlined
and
the
asf
has
been
a
a
really
important
part
of
that,
and
basically
what
that
involved
was
doing
a
lot
of
the
the
application
work
on
the
front
end.
So
normally
there's
public
notices,
hearings
that
have
to
be
held
things
like
that,
so
with
the
asl.
G
That
stuff
was
done
ahead
of
time
for
that
entire
13
county
area.
So
it's
a
it
enables
us
to
basically
eliminate
a
lot
of
those
steps
along
the
way
and
just
move
right
into
the
application
process.
You
know
if
they're
on
production,
that
is
still
a
separate
process
which
takes
a
few
months,
but
still
a
lot
easier
than
it
used
to
be
years
ago,
and
we
can
still
do.
We
can
still
sponsor
companies
that
are
outside
of
the
asf
area.
G
It's
just
a
longer
process
because
we
do
have
to
do
those
public
hearings
and
provide
those
notices.
So
it
takes
about
four
months
instead
of
a
month,
but
still
it's
possible
and
then
also
there's
different
fees
of
either
4
500
or
6
500
to
department
of
commerce.
G
If
they're
in
the
asl
those
fees
are
eliminated,
so
makes
it
a
lot
more
cost
efficient
for
a
company
to
move
forward
as
well.
If
they're,
outside
of
that
they
are
subject
to
those
fees,
it
doesn't
go
to
us.
It
goes
to
the
the
department
of
commerce
and
the
ftc
is-
and
I
think
everybody's
always
interested
in
this
as
well.
It's
a
hundred
percent
self-reporting,
so
there's
no
public
money
that
goes
into
funding
this
operation,
the
the
the
administrative
funds
that
come
to
deed.
G
We
use
a
hundred
percent
of
that
and
put
that
back
into
the
ftc
back
into
marketing
the
ftc
attending
different
ftc
related
supply
chain
related
events.
So
there's
no
salary
money,
that's
taken
out
of
that.
It
all
goes
back
into
promoting
and
administering
the
ftc
and
as
far
as
running
it
on
an
annual
basis,
that's
all
covered
through
the
the
grantee
fees.
G
There
was
a
two
hundred
dollar
a
fee
member
member
fee
that
was
paid
each
year
and
we
weighed
that
this
year
because
the
the
entity
is
in
a
financially
health,
financially
healthy
position,
so
nothing's
being
asked
for
by
any
of
the
board
members
or
sponsoring
entities
to
support
the
foreign
trade
zone.
A
If
my
memory
serves
me
correctly,
we
used
to
have
to
make
an
annual
contribution
in
support
of
the
ftc,
maybe
incorrect,
but
shane,
I
think
a
number
of
years
ago
we
was
not
a
major
amount,
but
it
was
several
thousand
dollars
a
year
or
something
so.
That's
progress.
That's
good!.
F
G
G
To
interrupt
you
there,
if
you
look
at
just
the
minnesota
numbers
for
2019,
you
know
we
showed
you
the
national
numbers.
This
is
just
looking
at
minnesota
and
these
are
grouped
together
by
statewide
numbers,
because
the
companies
have
the
opportun
or
the
option
of
making
their
data
private.
So
it's
all
lumped
together
for
all
of
the
companies
that
are
in
minnesota,
and
I
will
mention
too
there's
two
other
grantees
in
minnesota.
G
There's
one
at
the
international
falls
kuching
and
county
and
the
port
of
duluth
digikey
came
in
under
the
kuching
county's
grantee
and
porter
duluth
currently
runs
a
general
purpose,
warehouse
warehouse
kind
of
like
our
murphy
warehouse,
but
they
don't
have
any
separate
clients
or
any
sub
zones.
At
this
point,
so
most
of
these
numbers
are
coming
out
of
the
the
ftc
119
clients,
but
if
you
look
at
the
merchandise
received
750
million
dollars
to
billion
dollars,
so
quite
a
bit
of
activity.
G
G
So
definitely
we
like
to
see
those
export
numbers
growing
total
shipments,
we're
down
somewhat
from
18
to
19.,
and
if
you
look
at
the
employees,
that's
the
number
that
we're
especially
keep
on
the
radar
screen
that
went
up
quite
a
bit
from
501
to
750
and
again
they
report
these
in
ranges
to
1251
to
1500,
so
saw
that
number
jump
quite
a
bit.
2020
will
be
the
first
year
that
we've
seen
digikey,
so
we
would
anticipate
those
numbers
to
go
up
quite
a
bit
again
for
2020.
G
G
And
that
concludes
the
presentation
and
again
happy
to
dive
in
any
questions
anybody
may
have
about
the
mechanics
of
it.
You
know
why
it
works
who's
in
it.
But
again
we
just
like
to
take
this
as
an
opportunity
to
thank
you
all
for
your
time.
Tonight
really
appreciate
the
opportunity
to
to
make
the
presentation
really
appreciate
the
support
of
the
the
port
of
bloomington
I've
enjoyed
working
on
the
ftc.
It's
a
lot
of
fun.
G
So
we're
not
only
aware
of
what's
happening
from
a
trade
perspective,
but
also
what's
happening
from
an
economic
development
opportunity
perspective,
and
I
think,
just
by
mentioning
the
ftc
and
different
proposals,
it
really
helps
to
elevate
minnesota
in
the
eyes
of
a
lot
of
the
site,
selectors,
just
the
fact
that
we,
because
a
lot
of
economic
development
groups
are
not
aware
of
it,
so
making
sure
that
they
know
that
we
have
one
we're
actively
promoting
it.
It's
a
resource
for
their
clients.
G
I
think,
really
helps
the
economic
development
process.
Quite
a
bit
so
appreciate
everybody's
time
today
and
again
I'll
open
it
up
for
questions.
If
there
are
any.
A
G
A
So
what
we,
what
we
should
shane
you
should
mention,
perhaps
that
one
of
the
reasons
that
we
were
able
to
locate
and
talk
to
sith
is
that
you
became
aware
of
their
plans
through
the
foreign
trade
cells.
So
it's
just
another
indication
that
this
is
something
that
is
very
important
to
be
involved
with
and
keep
abreast.
D
Of
thanks,
mr
president,
commissioners
yeah
I
mean
the
the
sixth
project
happening
in
bloomington
is,
I
think,
probably
the
most
tangible
result
of
the
city's
involvement
with
the
foreign
trade
zone
and
port
authority.
I
should
say
you
know:
the
foreign
zone
is
a
good
thing
for
the
state
of
minnesota,
and
that's
that's
why
it's
here
there
are,
as
john
mentioned
two
other
foreign
trade
builds
in
the
state.
This
is
by
far
the
largest
and
most
active
of
the
three
yeah.
D
I
mean
our
our
knowledge
of
sick
and
the
ability
to
engage
with
them
early
on
in
their
process
to
be
able
to
make
sure
they
stayed
in
bloomington
was
a
direct
result
of
our
work
on
the
far
trade
zone.
So
it's
as
you
can
see.
There's
lots
of
users
spread
out
over
a
large
geographic
area
that
this
foreign
trade
zone
board.
You
know
certainly
outside
of
hennepin
county.
You
got
hennepin
county
and
bloomington
and
the
mac,
as
you
know,
on
the
porn
trades
on
board.
Right
now.
D
F
I
I
saw
a
facilitator
for
commerce
and-
and
I
just
it's
all
good.
D
Thank
you.
Mr
president.
The
next
item,
I'm
going
to
turn
over
to
jason,
he's
going
to
talk
a
little
bit
about
the
minimum
assessment
agreement
for
the
arter
project.
Jason.
Take
it
away.
H
Here
all
right,
mr
president,
commissioners,
tonight
I'm
bringing
before
you
a
minimum
assessment
agreement
for
the
ardor
that
is
phase
one
of
the
american
square
project.
The
developer
is
seeking
the
approval
of
this
document
so
that
they
can
record
it
for
the
order
prior
to
their
financial
closing
next
month.
H
However,
the
timing
does
not
align
on
this
project
with
the
the
phase
two
affordable,
as
the
developer
is
continuing
their
due
diligence
on
that
on
the
phase
two
in
which
that
is
the
project
that
is
seeking
the
financial
assistance,
which
would
have
the
development
agreement
tied
to
it.
C
Pardon
me
jason.
Can
I
interrupt
for
a
second?
Could
I
just
request
everybody
if
you're
not
speaking
to
mutual,
your
microphone,
I'm
getting
a
lot
of
chatter,
a
lot,
a
lot
of
background
noise
that
making
it
difficult
to
hear
if
you
could
do
that.
That
would
be
appreciated.
Thank
you.
H
No
worries
mayor,
thank
you.
So
if
you
recall
just
to
kind
of
give
you
a
little
bit
of
background,
this
project
is
two
phases
phase.
One
is
the
ardor,
which
is
the
100
market
rate
project,
which
is
located
just
east
of
34th
avenue
south
of
american
boulevard.
H
This
project
is
is,
is
not
seeking
any
financial
assistance
and
is
expected
to
break
ground
next
month.
H
And
so
the
the
port
authority
commission
approved
the
housing
tif
district
back
in
august
of
2020,
and
part
of
that
is
to
cap,
be
able
to
capture
the
tax
increment
from
the
market
rate
apartment,
as
that
is
being
constructed
constructed
here
within
our
starting
construction
within
the
next
month,
which
will
then
go
to
us
financially
assist
the
phase.
2
100,
affordable.
H
Our
city
assessing
division
has
reviewed
their
plans
and
documents
and
have
agreed
to
a
minimum
assessment
of
43
million
dollars,
which
is
outlined
within
the
minimum
assessment
agreement.
H
And
so
just
to
give
you
kind
of
a
quick
timeline.
So
tonight
is
the
vote
to
to
consider
the
phase
one
minimum
assessment
agreement.
The
developer
is
looking
to
start
construction
on
the
100
market
rate
project
the
order
next
month
and
then
staff
and
the
developer
will
continue
negotiations
on
phase
2,
the
quinn
reviewing
any
of
their
performance
financial
documents
and
bring
forth
any
proposed
financial
assistance
and
development
agreement
later
on
this
year.
Once
the
developer
has
completed
their
due
diligence
and,
ultimately,
then
construction
would
start
on
that
project.
H
And
so
with
that
staff
is
recommending
approval
of
of
the
resolution.
That's
in
your
packet
for
this
minimum
assessment
agreement.
A
A
A
F
I'm
sorry
I
had
to
get
it
there.
City
of
special
med
gershmo
looked
at
this
got
comfortable
with
the
43
million.
That's
the
number
of
units,
it's
about
178
thousand
dollars
a
unit
and
that's
up
up
there
I
mean-
and
I
think
it's
reflective
of
the
quality
project
they're
going
to
be
putting
up.
So
I
just
wanted
to
point
that
out
to
get
it
into
a
unit
comparison,
maybe
other
board
members
can
relate
to
so
and
shane
mike.
I
do
have
a
question
here.
Do
you
know
is
that
43
million?
F
H
H
Sorry,
president
erickson
commissioner
lunds
the
city
assessor
so
matt
gershmill
and
his
team.
They
looked
at
a
the
full
pro
forma
of
the
project,
so
income
revenue
generation,
as
well
as
the
project
cost
to
come
up
with
that
valuation.
F
Jason,
do
you
know
what
the
what
the
project
objective
cost
of
the
project
is.
H
H
Commissioner,
I
do
have
both
both
of
those
documents
or
both
of
those
numbers
and
and
could
pass
that
along.
D
Mr
president,
I
I
do
have
one
question:
it's
actually
jason.
I
I
guess
my
recollection
on
the
original
approval
of
this
back
in
in
august
is
because
they
they
weren't
requesting
assistance
that
some
of
that
information
might
be
confidential,
and
so,
if
we
did
provide
it,
we'd
have
to
make
sure
that
we
weren't
disclosing
things
that
were
confidential.
D
I
know
jason
will
be
on
top
of
that,
but
we'll
get
out
what
we
can
to
the
board
members
and
make
sure
that
we
we
do
so
correctly,
but
the
city
assessor,
I
know
matt,
does
his
work.
Well,
he
looks
at
cost,
but
he
doesn't
you
know
things
cost
double
what
they're
valued
and
things
like
that
a
lot
of
times
so.
F
I
mean
they
will
have
to
divulge
that
to
get
a
building
permit
and
you
know
occupancy
permit
as
they
go
along
with
the
total
cost
of
construction.
It's
pretty
much
required
by
the
city.
Isn't
it.
D
D
D
Will
come
in
and
put
a
value
on
their
work
and
it
may
not
roll
up
to
be
the
number
that
sometimes
you
see
as
a
total
project
cost,
and
so
it's
it's
a
it's
an
inexact
science
and
so
for
projects
that
aren't
you
know
public.
The
real
cost
is
is
not
usually
known
specifically.
Unless
the
owner
slash
developer,
specifically
says
yeah,
you
can
release
it
and
then
you're
just
going
with
their
number.
A
A
A
B
A
F
D
Yeah
thanks
carolyn
president
commissioners,
just
just
as
a
note
you
received
updates
again
on
friday,
there's
two
meetings
that
are
upcoming
march
2
and
march
15
that
we
should
took
on
the
calendar
hold
those
dates.
D
Something
could
change
it's
a
month
away
but
which
sometimes
happens
with
these
items,
but
we
think
those
are
two
solid
dates
sitting
here
today.