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HomeMy WebLinkAboutLansing Economic Development Corporation Minutes 05.01.26The Lansing EDC’s Mission is to improve the Lansing community by fostering economic growth that is strategic, sustainable and equitable. Board of Directors Meeting Friday, May 1, 2026 – 8:30 A.M. Lansing EDC Office – 401 S. Washington Sq., Suite 101, Lansing, MI 48933 MINUTES Members Present: Shelley Davis Boyd, Jonathan Smith (left at 10:00AM), Chaz Carrillo, Dr. Cristina Benton, Bryan Britten Members Absent: Calvin Jones, Dr. Alane Laws-Barker, Rawley Van Fossen, Catherine Rathbun Staff Present: Kris Klein, Amiee Evans, Alex Watkins, Chelsea Dowler, Aurelius Christian, Kahleea Washington, Shay Manawar, Brian Swett Guests: None Call to Order Chair Boyd called the Lansing Economic Development Corporation meeting to order at 8:33 A.M. Approval of LEDC Board Meeting Minutes – Friday, April 10, 2026 (ACTION) MOTION: Member Benton moved to approve the LEDC meeting minutes from Friday, April 10, 2026, Board of Directors meeting, as presented. Motion seconded by Member Carrillo. YEAS: Five (5); unanimous; motion carried. Lansing EDC March 2026 Draft Financial Statements Swett presented the March 2026 Draft Financial Statements. Michigan Talent Partnership Grant Agreement (ACTION) Klein presented an update of the Michigan Talent Partnership Grant Agreement. He outlined the eligible activities within the agreement and summarized the agreement terms. Member Britten commented on the good job of including the constituents in the planning process. He also initiated discussion of tracking the metrics of the planning process. MOTION: Member Carrillo moved to approve the Michigan Talent Partnership Grant Agreement, as presented. Motion seconded by Member Smith. YEAS: Five (5); Unanimous; motion carried. LEDC Board of Directors Meeting: Friday, May 1, 2026 Meeting Minutes Page 2 of 3 NorthPoint Termination Agreement (ACTION) Klein and Manawar presented the NorthPoint Termination Agreement for development of the RACER Trust Plant 6 property, including the steps involved in terminating the SSRP Disbursement Agreement and Development Agreement with NorthPoint. Discussion occurred on why NorthPoint decided to terminate the agreement. MOTION: Member Smith moved to approve the NorthPoint Termination Agreement, as presented. Motion seconded by Member Britten. YEAS: Five (5); Unanimous; motion carried. Operations Update Klein provided organizational updates, including: • HR Recommendations: Progress is being made on performance evaluation process including presentations to the Governance Committee and Chair for feedback and recommendations. Recommendations will be brought to the full board at the June meeting for consideration. A Training and Development Plan template has been created and will be used for all team members. All team members will complete Anti-Harassment Training in coming month. • Outreach and Engagement: o Hosted an event with Operations School in April for 517 E&I Week. o Attended REO Town Commercial Association 25th Anniversary Celebration. o Lansing EDC sponsored and presented at the Michigan Manufacturing Association Operations Conference in April. o Klein and Christian participating in sessions with the Emerging Developer Network. o Klein and Evans speaking on panels for the MEDC Emerging Developers Spring Training. o Klein is participating on a downtown focused panel for LRCC’s Leadership Lansing Program. • Event Reminders: o Chick-fil-A South Cedar Ribbon Cutting: Tuesday, May 5th (5-7pm) o Empower Cohort 3 Graduation: Wednesday, May 6th (6-8pm) o Lansing Lugnuts Game: Thursday, May 14th (7:05pm) o Lansing Public Media Center Ribbon Cutting: Tuesday, May 19th (11am) o Items for June Meeting Project and Program Updates Updates were presented on the following: • Project Statuses: o Metro Place MSF Request o Lansing Shuffle Property Sale Request o New Vision Lansing Reimbursement Agreement o Turner North Site Demolition o Brick Row Project Underway o Preparation of “Build Lansing” Site RFPs LEDC Board of Directors Meeting: Friday, May 1, 2026 Meeting Minutes Page 3 of 3 • LEED Initiative: Evans provided the following updates: Targeted Redevelopment: o Joint Evaluation Committee (JEC) reviewed and scored 10 proposals for the Baker Donora and Willow Walnut neighborhood targeted redevelopment plans. o JEC met and discussed proposals and identified three proposals to invite for final interview. o Following the finalist interviews, the JEC selected The Smith Group proposal to engage for the project. o LEDC and The Smith Group are working on contract terms, with the goal to begin work in early May and finalize implementation plans by October 2026. • Incentive Policy Revisions: o Site & Incentive Committee has reviewed draft policies regarding:  Accelerated Reimbursement Loan Policy  Site Assessment Policy & Cost Share on Environmental Assessments o Committee is discussing:  Evaluation of current fee structure and statewide best practices LEDC Board meeting suspended at 9:27 AM. LEDC Board meeting resumed at 9:32 AM. Board Training: Evans and Watkins presented a training on Business Development Strategies & Case Studies. Open Forum for LEDC Board Members Member Carrillo shared that the developer of Holmes and Pleasant Grove project closed on the property. Other Business None Public Comment None Adjournment Chair Boyd called the Lansing Economic Development Corporation meeting to adjournment at 10:13 A.M. ________________________________________________________ Kris Klein, President & CEO Lansing Economic Development Corporation (LEDC)