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EDAMinutes2024October3 MINUTES ECONOMIC DEVELOPMENT AUTHORITY | THURSDAY, OCTOBER 3, 2024 | A meeting of the Frederick County Economic Development Authority was held on Thursday, October 3, 2024, at 8:00 a.m. in the County Administration Building, First Floor Conference Room, 107 North Kent Street, Winchester, Virginia. PRESENT: Bryan Fairbanks, Judy McCann-Slaughter, Diane Kearns, Rick Till and Karen Swecker. STAFF: Patrick Barker, Shayla Rickard, Wendy May, and Donna McIlwee, Frederick County Economic Development Authority; Jay Tibbs, Deputy County Administrator; and Michael Bryan, EDA Attorney. MEETING CALLED TO ORDER: Chairman Till called the meeting to order at 8:00 a.m. LAUREL RIDGE SMALL BUSINESS DEVELOPMENT CENTER Mr. Barker introduced Diana Patterson, Bilingual Consultant at the Small Business Development Center (SBDC), who gave an update on activities and results of the programs offered at the SBDC. She reported the SBDC has assisted 389 businesses since the start of the current fiscal year to today’s date, which resulted in 26 new jobs, nearly $4 million in grants/loans, and $349,000 in reported increased sales for Frederick County. The Center has also assisted 100 Hispanic/Latino clients through their counseling outreach program, which has resulted in 6 business start-ups, 31 new jobs, and an increase of $1.7 million in new sales. Ms. Patterson introduced the owner of Lucy’s Custom Arrangements who gave a testimonial for the help she received from the SBDC. APPROVAL OF MINUTES The minutes from the August 1, 2024, meeting were presented. On motion duly made by Ms. Kearns and seconded by Ms. McCann-Slaughter, the minutes were approved by the following recorded vote: J. Stanley Crockett Absent Bryan Fairbanks Aye Diane Kearns Aye Gary Lofton Absent Judy McCann-Slaughter Aye Karen Swecker Aye Rick Till Aye Page 2 of 3 Frederick County EDA Meeting Minutes | October 3, 2024 TREASURER'S REPORTS Mr. Barker submitted the following reports: Checking Account - Bank of Clarke as of July 31, 2024 - $21,280.72 Intrafi Account – Bank of Clarke as of July 31, 2024 - $2,954,569.55 Checking Account - Bank of Clarke as of August 31, 2024 - $20,013.22 Intrafi Account – Bank of Clarke as of August 31, 2024 - $2,965,454.33 On motion of Mr. Fairbanks, seconded by Ms. Kearns, the Treasurer’s Reports were approved collectively by the following recorded vote: J. Stanley Crockett Absent Bryan Fairbanks Aye Diane Kearns Aye Gary Lofton Absent Judy McCann-Slaughter Aye Karen Swecker Aye Rick Till Aye REMOTE MEETING POLICY Mr. Barker reported that staff is requesting approval of updates to the EDA’s Remote Meeting Policy in light of recent changes to the State Code regarding remote meetings. In addition, the Code says the EDA should be adopting this policy annually. He further stated that the EDA must adopt a policy prior to having any Board member participate remotely in a meeting and, that for any meeting where a member or members participate remotely, a minimum of four Board meetings is required to be physically present to meet the quorum requirement. On motion of Ms. McCann-Slaughter and seconded by Mr. Fairbanks, the Board approved the adoption of the proposed revisions as presented by the following recorded vote: J. Stanley Crockett Absent Bryan Fairbanks Aye Diane Kearns Aye Gary Lofton Absent Judy McCann-Slaughter Aye Karen Swecker Aye Rick Till Aye Page 3 of 3 Frederick County EDA Meeting Minutes | October 3, 2024 JOINT MEETING WITH SUPERVISORS PREPARATION Mr. Barker reviewed a current draft of key topics to be presented at the joint meeting with the BOS on October 23, 2024, at 5:30 p.m. He stated the goal of the joint meeting is to provide an update and discussion on the direction of the EDA and its strategic initiatives and to gain a clearer understanding of the BOS’s expectations and priorities regarding economic development. Mr. Fairbanks stated a lack of private schools in the area is an attraction problem for local companies, especially with the overcrowding of local public schools. He also suggested showing ROI would be valuable when discussing specific programs and for overall EDA spending when giving an overview of the local economy. Ms. McCann-Slaughter remarked that a “goal” should be to increase site readiness. FALL EMPLOYER EXPO RECAP Ms. Rickard, Business Retention Manager, gave a report on this Expo held on September 12, 2024, at Laurel Ridge Community College. Fifty-one employers participated and 204 attendees registered. She also reported that October 4, 2024, is National Manufacturing Day and a celebration will be held on that day at The Hive at Shenandoah University. The program will be an incentives and training resources update. SUCH OTHER BUSINESS AS MAY COME BEFORE THIS AUTHORITY Ms. Kearns inquired if any local grant proposal had been submitted to GO Virginia and if a presentation on it would be given. Mr. Barker stated he is working on this. ADJOURN There being no further business to come before this Authority, the meeting was adjourned at 9:02 a.m. ________________________________ ____________________________ Richard Till Jay Tibbs Chairman Secretary