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6. Scandia Business Recap August 9thScandia Business Recap – August 9th 1) Thirsty Buffalo a. I met with Caitlin last Friday to say hello and also to let her know that we, as the city, would be happy to assist in helping them get adjusted and to attract more business. We discussed their slow start which was intentional so they could get fully staffed. In the near future they will start being open for lunch and also are planning on various “happy hours” with discounts on appetizers and liquor. Caitlin has opened and managed 3 restaurants in the Forest Lake area and she is looking forward to becoming Scandia’s primary place to go eat. i. Caitlin would like to be invited to one of our breakfast meetings and do a short presentation. 2) Osceola Medical Center a. I spoke with Matt Forge today and asked about the re-opening of the Scandia Clinic. He said that it is definitely “on the table” and that they are in the process of planning for the future which so far includes Scandia. He commented on the fact that OMC is in a very good financial position and that they are also getting tight for space at OMC. Matt is very encouraged by Scandia’s willingness to support OMC and in maintaining a communication channel 3) Scandia Auto a. Sadly, Leif Lundeen, is closing shop the end of September. The closing has nothing to do with the Scandia business climate but for personal reasons. He will be missed by the residences in the area as the mechanic offerings will be pretty limited. We will be starting to look for a new tenant this month and I will keep you all updated. 4) Scandia Café a. Spoke with Chelsie Williams and she is planning on being open this weekend on Saturday the14th. 5) PN Products a. Peter and Colleen Nora recently purchased a new 3 axis C & C machine to make molds inhouse. They have a number of beauty product customers who are demanding a quick turn around for prototype samples. Previously PN had to wait for up to 4 weeks for a mold to produce samples. The new machine can make a mold in one day and costs approximately $250,000. 6) InstaTrim Products a. We are expanding into the European market later this month through Amazon. We believe this market will be very strong for us. The requirements to expand overseas is endless and I’m amazed by how difficult the IRS has been to get the required forms we need to sell in Europe. As a manufacturer, we are receiving cost increases weekly and the time frame for raw materials has gone from one week up to 3 months on many items.