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2019 Economic Development Projects

Copper Trail Brewing Company: DNA Landholdings was created to be a property holding entity for Adam & Dave. They each own a 50% share in Copper Trail Brewing Company, LLC, which they founded in 2016. The owners requested $25,000 in financing to purchase a building located at 205 Broadway to operate Copper Trail Brewing Company. GAP financing was utilized from the Greater Alexandria Industrial Network for assistance with the initial equity in the build-out of the building. Alexandria Industries: Alexandria Extrusion Company started building a 19,000 square foot addition to its existing facilities. The expansion will allow the company to extrude an additional 10.5 million pounds of aluminum. Total project cost is $19 million. To assist with the project, the Alexandria EDA extended the TIF note for four years. They also signed a resolution of support for the company to apply for the Job Creation Fund through MN DEED. This program is available to manufacturing companies that invest at least $250,000 in Greater Minnesota and creates at least five new jobs paying at least $13.61 per hour.

Golden Retriever: Golden Retriever is a non-emergency medical transportation service in Douglas County founded in 2018. The company received a $5,000 micro loan from GAIN

to purchase a handicap-equipped van and transport chair.

Central Lakes Apartment: The Alexandria EDA reviewed and endorsed the housing development proposal for the construction of 32 units of affordable housing in the city of Alexandria by D. W. Jones, Inc. and Alexandria HRA. This project would be applying for tax credits from Minnesota Housing, and, as a public match, the EDA approved a TIF district note in the amount of approximately $400,000. This project is on 2.05 acres of land. The structure will be a threestory building with an elevator and 34 units. All units will have a deck/patio and have affordable rents with 40 % of the units being occupied by individuals whose incomes are no more than 60% of the Area Median Income for Douglas County. Total project costs are estimated at $6.8 million.