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2020 07 14CHANHASSEN ECONOMIC DEVELOPMENT COMMISSION REGULAR MEETING JULY 14, 2020 Chairman Sanford called the meeting to order at 7:00 p.m. MEMBERS PRESENT: Jim Sanford, Kathleen Donovan, Steve Stamy and Adam Schaefer MEMBERS ABSENT: James Ebeling STAFF PRESENT: Greg Sticha, Finance Director; and Jake Foster, Assistant City Manager APPROVAL OF MINUTES: Schaefer moved, Stamy seconded to approve the Minutes of the Economic Development Commission meeting dated June 9, 2020 as presented. All voted in favor and the motion carried unanimously with a vote of 4 to 0. Greg Sticha asked that the agenda be amended to discuss item E-2 prior to D-1. DISCUSSION OF CARES ACT FUNDING GRANTS FOR LOCAL SMALL BUSINESSES. Greg Sticha presented information on this item for the City’s share of the CARES Act Funding Grant in the amount of $1,978,000 and discussed eligible expenses, i.e. city facility safety improvements, and small business grant award program. He explained that this grant money must be spent by November 15, 2020. Chairman Sanford asked if there will be rules and regulations published about eligibility for this grant funding, if the City’s payroll suffered due to the COVID-19 pandemic, if Carver County received any grant money for public safety payroll, and penalties for using the eligible money incorrectly. He suggested more research be done on allocating dollars through the small business award program and the financial impact on small businesses. Greg Sticha explained that it will be staff’s recommendation to hire a firm through Carver County to handle the small business grant application process. FOLLOW UP DISCUSSION OF EDC GOAL – CONSIDERATION OF CREATION OF BUSINESS SUBSIDY PROGRAM. Greg Sticha provided background information on previous discussions and presented three items for review. Adam Schaefer favored using the grant program moving forward. Chairman Sanford suggested the City not go too narrow for a business subsidy program after determining a funding source. Greg Sticha agreed that a funding source needs to be determined but that the commission needs to let the council know examples of how the business subsidy program should be considered. Chairman Sanford asked for clarification on the role of the Economic Development Commission in advising the City Council on a business subsidy program. Chanhassen Economic Development Commission – July 14, 2020 2 Commissioner Stamy asked what kind of presentation will be presented at the joint meeting with City Council and the possibility of holding a special meeting to come up with that information. Commissioner Donovan stated she did not think a special meeting was necessary and the need to keep the presentation at a high level and not too specific. Greg Sticha explained how he will set up a power point presentation suggesting the emergency grant assistance program and low interest micro loan program is what is being considered by the commission and asked that commission members email a list of community benefits for these two programs. Jake Foster reminded commission members not to discuss amongst themselves via email which would violate the open meeting law. DISCUSSION OF GATHERING LOCAL BUSINESS CONTACT INFORMATION. Greg Sticha explained that Steven Stamy suggested that this item be added for discussion. Commissioner Stamy discussed his thoughts behind the need for establishing a local business contact list to get local businesses more information. Chairman Sanford suggested commission members attend a Buy Chanhassen and Southwest Chamber of Commerce meetings. Jake Foster stated that he would contact Vernelle Clayton with Buy Chanhassen and the Southwest Chamber of Commerce to get discussion started. DISCUSSION OF BUSINESS/COMMUNITY SURVEY OF LOCAL BUSINESSES. Commissioner Stamy explained the need for better communication with local businesses. Commissioner Donovan suggested after the City receives the local business contact information, then do a Survey Monkey. Greg Sticha advised on the risks associated with the commission communicating with local businesses who maybe don’t want to be notified by the City. Donovan moved, Stamy seconded to adjourn the meeting. All voted in favor and the motion carried unanimously with a vote of 4 to 0. The Economic Development Commission meeting was adjourned at 8:40 p.m. Submitted by Greg Sticha Finance Director Prepared by Nann Opheim