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HomeMy WebLinkAbout5-6-2022 Lansing Economic Development Corp The Lansing Economic Development Corporation’s mission is to create quality jobs, diversify the local economy and improve overall quality of life by attracting, expanding and retaining business and industry in the City of Lansing. Lansing Economic Development Corporation (LEDC) Board of Directors Meeting Friday, May 6, 2022 – 8:30 AM LEAP Office 1000 S. Washington Ave. Ste. 201 Lansing, MI 48910 MINUTES Members Present: Shelley Davis-Boyd, Tom Donaldson, Blake Johnson, Dr. Alane Laws-Barker, Calvin Jones, Jordan Sutton Members Absent: Brian McGrain (excused), Andrea Binoniemi (excused), Michael McKissic Staff Present: Karl Dorshimer, Kris Klein, Aurelius Christian Guests: Mayor Andy Schor, City of Lansing Call to Order Vice-Chair Davis-Boyd called the Lansing Economic Development Corporation meeting to order at 9:10AM. Approval of LEDC Board Meeting Minutes – Friday, April 8, 2022 MOTION: Donaldson moved to approve the LEDC meeting minutes from the Friday, April 8, 2022 Board of Directors meeting, as presented. Motion seconded by Johnson. YEAS: Unanimous. Motion carried. Update on Financials Klein provided an update on the March 2022 draft LEDC financials including the status of grant and loan programs. Update on LEED and ARPA Funding Dorshimer provided an update on the Mayor’s ARPA spending plan and development of the LEED Program. Preliminary LEDC 2022-23 Budget Discussion Dorshimer provided an overview of the FY2023 LEDC Budget which will be presented for Board approval at their June 2022 meeting. Dorshimer noted the proposed budget presented to the City may change with the ARPA allocation. Update on Contract with the City Dorshimer provided an update on the Contract for Economic Development Services process with the City of Lansing. The Contract will be presented to the Board for approval at their June 2022 meeting. Transition Update Dorshimer shared the status of the transition of staff and services from LEAP to LEDC, including possible office sites, contractual services, staff positions and employee benefits, and insurance coverage. Mayor mentioned that he is available for questions from the Board on the transition, that he looks forward to continuing partnering with LEAP on regional efforts, but the LEDC staff and Board will be essential for a focused economic development effort in the City of Lansing. Donaldson noted that he feels the Board is sometimes only reactive, wants to see planning and focus of development efforts. Open Forum for LEDC Board Members None. Other Business None. Public Comment None. Adjournment Vice-Chair Davis-Boyd called the Lansing Economic Development Corporation meeting to adjournment at 9:55AM. ________________________________________________________ Karl Dorshimer, Vice President of Economic Development Lansing Economic Area Partnership (LEAP)