Economic Vitality Committee Agenda and Packet 2024 08 16

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Economic Vitality Committee Meeting Minutes June 21, 2024 Page 4 of 5 requirements of their agreement. Manager Zarate confirmed that the clawback provision would still be present. Chair Dickinson noted that Louisville had previously amended its BAP to include businesses that are forced to relocate through other means. He wondered if a business that is acquiring more equipment or hiring more employees would be considered an expansion. Manager Zarate responded that the City would be open to talking with those businesses about BAP rebates. She cautioned about renewing BAPs for existing businesses that are not making any changes. Public Comment from Mike Kranzdorf: Mr. Kranzdorf commented that he feels better about the proposed amendment after the clarification that it would not impact the existing BAP but would apply only to the machinery, tools, etc. Chair Dickinson summarized that the Committee is excited about the proposed BAP Amendment and noted the earlier comments about hospitals being able to participate in the BAP program. He emphasized creating a program that allows for the flexibility to say "yes" to applications that don't fall directly under the proposed amendment. He asked if staff needs anymore feedback prior to taking the amendment to Council. Manager Zarate confirmed that staff will focus more on the benefit of target industries rather than the justification, and will highlight that the existing BAP program will remain for businesses that are not eligible for the expanded program. Chair Dickinson asked whether the rest of the Committee was in support of the proposed Amendment and whether the EVC would endorse the proposal. The Committee agreed and offered their support for the proposed BAP Amendments. 7. Potential Future Agenda Items: Manager Zarate gave an overview of items that might come to the EVC in the future. She noted that staff is working on a Small Business Week and Small Business Saturday. Small Business Saturday will also be paired with a Shop Local Campaign for Louisville. These items will likely come back to the EVC in September or October with a launch shortly after. 8. Staff Updates: Manager Zarate presented staff updates and asked if there were any questions or comments. She highlighted next week's Business Beat roundtable for the McCaslin Corridor at BioDesix. Councilmember Kern asked whether staff could provide a summary of each Business Beat meeting prior to the next EVC meeting. Staff confirmed that they