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HEROHennepin Economic Resource Organization <br />4150 Multifoods Tower a Minneapolis City Center a Minneapolis, MN 5UO2 • (612) 227-0001 <br />.. <br />February 25, 1987 - <br />Orono <br />Deal Mayor- <br />_.1 <br />In response to your community's scheduled March 1987 public hearing on Urban <br />Hennepin County community development needs and proposed uses for your allocation <br />of $23,775 from the Year XIII Urban Hennepin County grant, the Board of Directors <br />of HERO - a ran -profit small business accelerator facility - are asking for the <br />inclusion of a request for $1,172, an amount representing 5 percent of your Year <br />XIII allocation, in your local con unity development program. <br />We have enclosed a copy of the HERO business plan and a list of the initial board <br />of directors for your information. As described in the business plan, the <br />requested CLBG fund will provide the resources necessary to purchase a facility to <br />have a self-sustaining employment generating small business center to provide <br />long-term employment to disadvantaged and dislocated who are residents of suburban <br />Hennepin County. It is the project's goal to serve as a model for the creation of <br />job opportunities through focusing of employment opportunities, jab training and <br />education programs and employee -based support services at a single location. <br />The investment of CDBG by yours and other communities within the Urban Hennepin <br />County program will be secured by a lien against the facility, payable to the <br />prograr should the HERO projects fail. <br />Should you have any questions/concerns regarding HERO or this specific request, <br />please feel free to contact me at 227-0001. <br />Sin ely yours, J-�7 <br />(1A4 rl, - <br />Robert S. Arthur <br />Chairman of the Board <br />cc: Comrunity Development Staff <br />A Nm nOrir COIF otO <br />