Economic Development Corporation - Regular Meeting

Economic Development Corporation City Hall Minutes Packet 300 Monroe Ave NW, 9th Floor Grand Rapids, MI 49503 September 27, 2023 @ 8:30 AM City Commission Chambers I. Call to Order The meeting was called to order at 9:13 AM by Treasurer Troy Butler PRESENT: Jeff Edwards, Brooke Oosterman, Kristine Bersche, Troy Butler, Commissioner Nathaniel Moody, Commissioner Milinda Ysasi, Kim McLaughlin, John VanFossen, Martin Uchendu ABSENT: Guillermo Cisneros, Lynn Rabaut OTHERS: Jeremiah Gracia, Jonathan Klooster, Christion Borg, Jordan Turner, Jessica Solis, Chad Buczkowski, Tricia Chapman, Jessica Wood, John Weiss, Elizabeth Bovard Strong (Construction Allies in Action), Camille Reed (Cleancore Services) II. Excused Absences The members who alerted the Executive Director that they would be unable to attend ahead of time were listed. Motion to approve the absences of Guillermo Cisneros and Lynn Rabaut. RESULT: ADOPTED [UNANIMOUS] MOVER: Milinda Ysasi, Commissioner SECONDER: Jeff Edwards YEAS: Edwards, Oosterman, Cisneros, Rabaut, Bersche, Butler, Moody, Ysasi, McLaughlin, VanFossen, Uchendu III. Conflicts of Interest None. IV. Minutes Approval 1. Approval of Minutes from August 23, 2023 No comments or corrections were noted. Motion to approve the minutes from August 23, 2023 Generated 9/28/2023 01:50 PM Economic Development Corporation Meeting Full Page 2 September 27, 2023 RESULT: ACCEPTED [UNANIMOUS] MOVER: Nathaniel Moody, Commissioner SECONDER: Kristine Bersche, Secretary YEAS: Edwards, Oosterman, Bersche, Butler, Moody, Ysasi, McLaughlin, VanFossen, Uchendu ABSENT: Guillermo Cisneros, Lynn Rabaut V. Financial Statements 1. Interim Financial Statements as of August 31, 2023 Tricia Chapman introduced the financial statements. There were no questions. Motion to accept Financial Statement C. RESULT: APPROVED [UNANIMOUS] MOVER: Kristine Bersche, Secretary SECONDER: Nathaniel Moody, Commissioner YEAS: Edwards, Oosterman, Bersche, Butler, Moody, Ysasi, McLaughlin, VanFossen, Uchendu ABSENT: Guillermo Cisneros, Lynn Rabaut VI. Action Items 1. Authorization of Financial sponsorship of Construction Allies in Action's Affiliate HUB Program in the amount of $10,000 to provide technical and professional services to Minority-owned, Women-owned and/or Micro-local Business Enterprises Jonathan Klooster presented the sponsorship request from the agenda packet. Elizabeth Bovard Strong explained the CAIA’s mission and purpose. Camille Reed talked about the benefits of going through the HUB Program. Motion to approve the Funding Sponsorship to CAIA’s HUB Program in the amount of $10,000. RESULT: APPROVED [UNANIMOUS] MOVER: Milinda Ysasi, Commissioner YEAS: Edwards, Oosterman, Bersche, Butler, Moody, Ysasi, McLaughlin, VanFossen, Uchendu ABSENT: Guillermo Cisneros, Lynn Rabaut VII. Other Business None. VIII. Public Comment None. IX. Adjournment The meeting was adjourned at 9:31 AM. Generated 9/28/2023 01:50 PM