Lake Street News Brief
www.lakestreetcouncil.org
June 9, 2009

Lake Street Council's mission is to build
a cohesive strategy to ensure the ongoing vitality
of the Lake Street Corridor business community.

The Latest on Lake:

• As promised, our new Lake Street radio ad is now online and available for listening. This ad will play on local radio stations JACK-FM, FM-107, LOVE-105, WCCO, KTLK, and several more. Keep an ear out for it!
  
  
• Also on YouTube, we recently took a driving tour of Lake Street, narrating to point out just a few of the many great and history-filled places on this corridor. You can now watch part one, which travels the East Lake / Longfellow area. We'll be uploading similar videos on the remaining sections of Lake Street over the next few weeks.
  
  
• Next week is the start of this year's Lake Street Ambassadors program! This is our summer employment program for local young people, where they are hired to keep Lake Street clean and to interact with and learn from our local business community. Much more on this in next week's e-news.
  
  
• The June edition of The Alley newspaper is now available, and The Alley now has its own site, at www.alleynews.org. Add it to your bookmarks!
  
  
• The Star Tribune reports that the Lyn-Lake area is booming, "thanks to the recent additions of moto-i, Risotto, Zen Asian Contemporary, and Tiger Sushi." They also give a few details on two new places coming soon: Anchor Bar at 2937 Lyndale Ave., and Sauce Spirits & Soundbar, at 3005 Lyndale Ave.
  
  
• Many local businesses can take advantage of the Work Opportunity Tax Credit, a federal tax credit available to all private sector businesses. It was designed as an incentive to employers to hire individuals in certain targeted groups who consistently experience high rates of unemployment due to a variety of employment barriers. WOTC is a tool for job seekers in these targeted groups to use to help them obtain gainful employment so that they may acquire the skills and experience needed to be eligible for better, higher paying job opportunities. By taking advantage of the WOTC, an employer may reduce its federal tax liability by up to $9,000 per new hire while filling its staffing needs.
  
  To learn more, visit www.deed.state.mn.us/wotc/
  
  
• The local office of the Small Business Administration recently gave a presentation on the special loan programs and other tools to help small businesses that were made available through the federal stimulus bill. Their PowerPoint presentation is now available here to download.
  
  

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