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HomeMy WebLinkAbout2-4-2022 Lansing Economic Development Corp1 Board of Directors Meeting Friday, February 04, 2022 – 8:30 AM LEAP Office 1000 S. Washington Ave. Ste. 201 Lansing, MI 48910 MINUTES Members Present: Andrea Binoniemi, Shelley Davis-Boyd, Blake Johnson, Dr. Alane Laws-Barker, Calvin Jones, Michael McKissic Members Absent: Kim Coleman, Tom Donaldson (excused), Brian McGrain (excused) Staff Present: Karl Dorshimer, Kris Klein, Kambriana Gates, Mitchell Timmerman, Torrell Christian Guests: Call to Order Chair Binoniemi called the Lansing Economic Development Corporation meeting to order at 9:08AM. Approval of LEDC Board Meeting Minutes – Friday, January 14, 2022 MOTION: Jones moved to approve the LEDC meeting minutes from the Friday, January 14, 2022 Board of Directors meeting, as presented. Motion seconded by McKissic. YEAS: Unanimous. Motion carried. Update on Financials Klein gave a brief update on the draft LEDC financials through December 31, 2021. Lansing Equitable Economic Development (LEED) Program Update Kambriana Gates gave an update on the LEED Proposal to the Mayor’s administration. She said the mayor had yet to make a decision but would be doing so soon. She anticipated any funding for the LEDC LEED program to be administered through the LEDC. Program Updates a. Façade Improvement Program i. Gates gave board members an update on the façade improvement program which opened January 03rd and will close March 1st. 2 b. LEDC Site Committee i. Dorshimer stated that the committee met last month to focus on Logan Square. It was decided that there needs to be discussion with the owners. At this time, there has been a conversation with the owners who will attend the next site committee and talk more in depth on Logan Square. Met last month and had great ideas on what we can see at logan square. c. Energy Efficient Revolving loan fund i. Timmerman gave a brief update on a pool of funds that the LEDC has to loan to projects to assist with energy efficiency improvement. He said he will exploring what restrictions there may be on the funds as a result of them being from a federal source originally. Project Updates Dorshimer gave an update on the $2.5 billion Ultium Cells battery plant to be construction on the western portion of the Lansing/Delta Township Act 425 Agreement property. Open Forum for LEDC Board Members Jones indicated that BWL is training virtually, and that the EDC board will want to get some additional training for new members going forward. Financial training and terminology as well as training on different economic development incentives that are available and that will come before the board. Other Business None. Public Comment No public comment provided. Chair Binoniemi called the Lansing Economic Development Corporation Board of Directors meeting to adjourn at 9:41AM. ________________________________________________________ Karl Dorshimer, Vice President of Economic Development Lansing Economic Area Partnership (LEAP)