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Economic Vitality Committee <br />Minutes <br />May 6, 2020 <br />Page 2of5 <br />LRC discussed the grant program at their meeting this morning. There was <br />some interest from the group to use the $50,000 they set aside but decided to <br />wait until EVC discussed outcomes and potential next steps with City Council. <br />LRC would like to be part of the solution but stay in step with Council and EVC. <br />There was enough funding for monthly filers, quarterly filers needed to be <br />sorted by business opening date to make a determination. <br />Chair Caleb Dickinson joined the meeting at 2:47 pm. <br />Director Pierce said checks were mailed last Thursday, April 30th. Director <br />Pierce engaged one-on-one with many applicants and helped them work <br />through the application. Every applicant got a letter, including ineligible <br />applicants. Mayor Pro Tern Maloney asked for Director Pierce's reaction to the <br />number of applications received. She replied that she expected more. Many <br />more people accessed the form than submitted the application. Mayor Pro Tern <br />Maloney believes this was a solid investment in small business. He is proud of <br />the work Director Pierce did. At a future meeting, he would like to take a period <br />of time to discuss how to do an assessment before talking about next <br />investments. He believes the program hit targeted goals. He would like to <br />review survey data at the next meeting do some value add. <br />Mayor Stolzmann thanked Director Pierce for her diligence and acknowledges <br />the work and the work of the Finance team. <br />Chair Dickinson said he has heard positive feedback from businesses. <br />Economic Vitality Strategic Plan, Next Steps <br />Director Pierce said tentatively a follow-up session with Council is on the <br />agenda for May 26th. Today EVC can discuss any revisions to the Vision <br />Statement or Strategic Goals. Mayor Pro Tern Maloney said he is happy with <br />what has been created. He is happy to take this as -is to Council. Dickinson <br />said he read through the goals to see if they still make sense. He feels the <br />goals are still solid and that we should prioritize retention. Mayor Stolzmann <br />thinks we should bring it forward to Council. Mayor Stolzmann said we have <br />never made a concerted effort to bring business to Louisville. Maybe property <br />values will change which could present new opportunities. Chair Dickinson said <br />we have done some great retention work. It is harder to bring new business to <br />Louisville. <br />Agenda Packet P. 3 <br />