Riverview Economic Development Association

Filing Period

Oct 1, 2009 to Sep 30, 2010

Signed

May 12, 2011

Return Version

2009v1.7

Gross Receipts

$837,253

Mission

Major Activities

Activity 2

Commercial Development - The commercial development program coordinates focused redevelopment of District del Sol's streetscape and underutilized commercial properties. Currently the program is focused on a three phase redevelopment of the Robert and Cesar Chavez intersection, the most blighted and highly trafficked intersection in the West Side neighborhood. A small area planning effort to direct public investment into the intersection is funded and underway, and two of the three phases have been fully prepared for future development. Additionally, REDA has coordinated over 200 volunteers and 30 businesses in its clean, green, and thriving streets campaign, resulting in cost effective bi-weekly pick up of litter and emptying of public trash cans, a series of service project days that plant flowers and spruces up paint throughout the district, and coordination of an annual public art project that engages neighborhood youth in the artistic process. In 2010, 1,000 flowers were planted, 800 lbs of litter was removed, and a new mosaic version of the most treasured public mural in the West Side was installed.

Activity 3

Business Outreach and Support - Educational events and one-on-one technical assistance is provided to small business owners in an effort to foster and promote business growth on Saint Paul's West Side. The West Side Business Growth Fund provides micro-loans to local businesses for business expansion, business start-up, and real estate acquisition. In addition, assistance with business licensing procedures, cash flow projections, marketing and merchandising, and financial document analysis is provided to West Side entrepreneurs. In 2010, REDA provided loan consultation to thirty loan candidates and technical assistance to fifty local businesses and entrepreneurs.REDA assists local entrepreneurs with commercial redevelopment projects involving facade enhancements as well as business expansions. In 2010, the Business Incentive and Building Improvement Programs leveraged almost $160,000 in storefront and building improvement projects. In addition, REDA hosts luncheons, speaker panels, and networking events that allow West Side businesses to socialize and learn about business and city related topics. These educational activities foster business-to-business relationships that contribute to a vibrant commercial community. In 2010, over 500 businesses and community members attended these and other REDA functions.

Filer

EIN

41-1684850