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LL City+�?f , ECONOMIC VITALITY COMMITTEE <br />Lou�sville <br />COLORADO • SINCE 1878 <br />SUBJECT: STAFF UPDATES <br />DATE: MAY 19, 2023 <br />PRESENTED BY: APRIL KRONER, AICP, ECONOMIC VITALITY MANAGER <br />AUSTIN BROWN, ECONOMIC VITALITY SPECIALIST <br />SUMMARY: <br />In the following, staff provides updates on recent activity related to core economic <br />vitality functions. <br />Business Assistance Program Updates <br />City Council approved a Business Assistance Agreement with Tendeg LLC on May 2. <br />Tendeg is an existing Louisville business that is considering an expansion within <br />Louisville. The company is evaluating two 100,000 SF locations in Louisville which will <br />help support its anticipated growth from 72 employees to 440 employees by 2028. <br />Louisville Revitalization Commission Updates <br />The Louisville Revitalization Commission received an application for direct financial <br />assistance for Radiance MedSpa at 916 Main Street. The LRC reviewed the application <br />and decided that they support the project at a high level. Because of this support, the <br />project will be referred to a third -party to complete a financial analysis. Following <br />completion of the financial analysis, the application will return to the LRC for further <br />action. <br />RECOMMENDATION: <br />No action required; for information only. <br />ATTACHMENTS: <br />None. <br />Agenda Packet P. 7 <br />