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HomeMy WebLinkAbout05- 05- 2023 Lansing Economic Development Corp Meeting Minutes To improve the Lansing community by fostering economic growth that is strategic, sustainable and equitable. Board of Directors Meeting Friday, May 05, 2023 – 8:30 AM Lansing EDC Office - 230 N. Washington Sq. Suite 209, Lansing, MI 48933 MINUTES Members Present: Chair - Calvin Jones, Vice-Chair - Shelley Davis Boyd, Secretary - Dr. Alane Laws- Barker, Chaz Carrillo, Jordan Hankwitz, Sandra Lupien, Michael McKissic, Jordan Sutton Members Absent: Treasurer - Catherine Rathbun Staff Present: Karl Dorshimer, Kris Klein, Brandy Standler, Aurelius Christian, Simon Verghese Guests: Andrea Binoneimi Call to Order/Roll Call Chair Jones called the Lansing Economic Development Corporation meeting to order at 8:32 AM. Special Presentation – Chair Calvin Jones presented to past board chair Andrea Binoneimi a clock in appreciation for her years of service on the board of directors. Introduction of New Board Member – Jordan Hankwitz was introduced to the board as a new member. Jordan is the new Director of Economic Development with the City of Lansing. Approval of LEDC Board Meeting Minutes – Friday April 14, 2023 (ACTION) MOTION: Member Davis Boyd moved to approve the LEDC meeting minutes from the Friday, April 14, 2023, Board of Directors meeting, as presented. Motion seconded by member Carrillo. YEAS: Unanimous, motion carried. LEDC Board of Directors Meeting: Friday, May 05, 2023 Meeting Minutes Page 2 of 3 Update on Financials Standler noted that the ARPA funds are reflected in the financials, and everything is on track as we approach the end of the fiscal year. FY2024 Budget Preview and Discussion Klein provided a preview to the budget that will be fully presented in June. Revenue services and expenses were covered. LEED Initiative Update Christian provided an update. The Empower Program is the technical assistance aspect to the LEED Initiative. 25 BIPOC owned businesses will be supported. Applications open in May. A six-month program starts June 28th. Organization Update Dorshimer noted that interviews are concluding for the Economic Development Specialist position and a decision will be made soon to add a new staff member. Lansing EDC office will be moving to the Arbaugh building, as the current lease for office space will be up on June 30th. Projects Update Lofts at Dodge Park project is still in progress; further updates will be provided. Hall 224 is tracking to open in August. The Ovation is coming along with groundbreaking in a few weeks. City View will be opening to residents very soon. Moneyball will be hosting a Grand Opening in the coming weeks. Niowave is expanding. LBRA working with North Point developer is trying to secure a grant for the Verlinden site for manufacturing. Verghese provided an update to the MSU practicum corridor project. Open Forum for LEDC Board Members Materials were passed to the board from Chair Jones, and Vice Chair Davis Boyd. Other Business Public Comment Adjournment Chair Jones called the Lansing Economic Development Corporation meeting to adjournment at 9:24 AM. ________________________________________________________ Karl Dorshimer, President, and CEO Lansing Economic Development Corporation (LEDC)