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EDAMinutes2024November7 MINUTES ECONOMIC DEVELOPMENT AUTHORITY | THURSDAY, NOVEMBER 7, 2024 | A meeting of the Frederick County Economic Development Authority was held on Thursday, November 7, 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, Stan Crockett, Rick Till and Gary Lofton. 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. APPROVAL OF MINUTES The minutes from the October 3, 2024, meeting were presented. Mr. Fairbanks requested that wording shown on page 3, under “Joint Meeting with Supervisors Preparation” be modified to read “…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.” On motion duly made by Ms. Kearns and seconded by Mr. Fairbanks, the minutes were approved as modified by the following recorded vote: J. Stanley Crockett Aye Bryan Fairbanks Aye Diane Kearns Aye Gary Lofton Aye Judy McCann-Slaughter Aye Karen Swecker Absent Rick Till Aye TREASURER'S REPORTS Mr. Barker submitted the following reports: Checking Account - Bank of Clarke as of September 30, 2024 - $18,875.72 Intrafi Account – Bank of Clarke as of September 30, 2024 - $3,068,263.03 Page 2 of 3 Frederick County EDA Meeting Minutes | November 7, 2024 Checking Account - Bank of Clarke as of October 31, 2024 - $18,875.72 Intrafi Account – Bank of Clarke as of October 31, 2024 - $3,078,259.35 On motion of Ms. McCann-Slaughter, seconded by Mr. Crockett, the Treasurer’s Reports were approved collectively by the following recorded vote: J. Stanley Crockett Aye Bryan Fairbanks Aye Diane Kearns Aye Gary Lofton Aye Judy McCann-Slaughter Aye Karen Swecker Absent Rick Till Aye JOINT MEETING WITH SUPERVISORS RECAP Mr. Barker reviewed topics discussed at the joint meeting with the BOS held on October 23. Key objectives identified for the next 12 months include: (1) grocery store outreach, (2) industry sector readiness, (3) talent development, and (4) project ready sites. He stated the EDA Chair desires feedback and insight from the Authority members regarding the meeting and the direction discussed. Ms. Kearns stated she got the impression that number 4 was the highest priority for the BOS. She also noticed that agriculture was not addressed. Mr. Lofton feels we need to explore what we can do to enhance small farmers’ ability to expand and grow and use the agribusiness assets we currently have; i.e., encourage White House Foods to build larger facilities in Frederick County. Mr. Barker suggested staff have a conversation with the Visitors Bureau and local Extension Office to see what could be done to help local agribusinesses. Mr. Fairbanks inquired as to what is being done now to increase the availability of large project ready sites. Mr. Barker explained an idea is being developed and will be brought to the Board later. EDA STRATEGY FY26 Mr. Barker reported the EDA Strategy is approved annually by the EDA Board and serves as a guiding framework for Frederick County’s economic development efforts. It is reviewed and approved each year to conform to evolving needs. This year, staff made routine revisions, including updates to economic data, incorporation of current best practices and clarification of key sections. Board members were asked to review the draft Strategy for 2025-26 and any recommendations submitted to staff by Friday, November 15. Staff will compile Board Page 3 of 3 Frederick County EDA Meeting Minutes | November 7, 2024 feedback, along with their own recommendations, for further review at the next EDA Board meeting. Ms. McCann-Slaughter recommended that site readiness by highlighted in the Strategy, as well as an awareness that the EDA can issue bonds. Mr. Fairbanks suggested the inclusion of programs that property owners and/or developers may not know about. Mr. Lofton stated we need to engage with legislators about the State Code regarding the issuance of bonds, as rules may need to be changed. LIVE.LOVE.SHENANDOAH Mr. Barker presented an update on this talent attraction marketing strategy plan as developed for the Frederick County EDA in partnership with other northern Shenandoah Valley localities by Development Counsellors International (DCI). SUCH OTHER BUSINESS AS MAY COME BEFORE THIS AUTHORITY Mr. Barker congratulated Wendy May, Marketing Manager, on her graduation from the Economic Development Institute at Oklahoma University. ADJOURN There being no further business to come before this Authority, the meeting was adjourned at 8:50 a.m. ________________________________ ____________________________ Richard Till Jay Tibbs Chairman Secretary