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SSBCI Review Committee - May 14, 2024

Details

Location: 1963 Bell Avenue, Suite 200 Helmick Conference Room
Date: May 14, 2024 | 9:30 a.m.

Attendees

State Small Business Credit Initiative Committee Members Molly Varangkounh (Chair), David Bernstein, Bill Daly, Liz Hubing, and Donna Ramaeker Zahn

Documents

Agenda

  1. Committee Chair

    Molly Varangkounh

    1. Welcome and Introductions

    2. Roll Call

    3. Approval of March 5, 2024 Meeting Minutes

      Action

  2. Public Comment Period

    1. A public comment period for the full meeting is held at this time to accommodate visitors. This period is limited to 10 minutes.

  3. 9:40 a.m.: Funding Pipeline Update

    Adrienne Greenwald

  4. 9:45 a.m.: Contract Terms and Subordination Discussion

    Rita Grimm

  5. 10:15 a.m.: Closed Session*

    Roll Call

    1. Discussion of Information Contained in Applications for Financial Assistance and/or Information Obtained During Contract Administration that IEDA is Required to Keep Confidential

      Adrienne Greenwald

      1. 10:20 a.m.: PowerPollen, Inc. -- $1,000,000 IIA Expansion Fund

      2. 11:20 a.m.: TractorZoom, Inc.-- $1,000,000 IIA Expansion Fund

  6. 12:20 p.m.: Open Session

    Action

    1. PowerPollen, Inc. -- $1,000,000 IIA Expansion Fund

      Roll Call

    2. TractorZoom, Inc.-- $1,000,000 IIA Expansion Fund

      Roll Call

    3. BREAK

  7. 12:50 p.m.: Closed Session* 

    Roll Call

    1. Discussion of Information Contained in Applications for Financial Assistance and/or Information Obtained During Contract Administration that IEDA is Required to Keep Confidential

      1. 12:50 p.m.: Gross-Wen Technologies, Inc-- $500,000 IIA Propel Fund

        Adrienne Greenwald

      2. 1:35 p.m.: Haber Tech—Amendment to Contract Terms

        IEDA Compliance

  8. 1:45 p.m.: Open Session

    Action

    1. Gross-Wen Technologies, Inc.-- $500,000 IIA Propel Fund

      Roll Call

    2. Haber Tech

      Roll Call

  9. Other Business

    1. Next SSBCI Committee Meeting is July 16, 2024

  10. Adjournment

    Molly Varangkounh

PLEASE NOTE: Agenda items may be considered out of order at the discretion of the chair for each meeting. The meeting will not convene earlier than stated above, but may begin later, depending upon length of earlier meetings and quorum requirements. If you require accommodations to participate in this public meeting, call (515) 348-6199 to make your request. Please notify us at least 24 hours in advance.

*The SSBCI Review Committee may go into closed session pursuant to Iowa Code sections 21.5(1)a, 15.118, 22.7.3, and 22.7.6 to review and discuss records IEDA is required to treat as confidential under Iowa law. This may include trade secrets and/or confidential business and financial information about applicants and industrial prospects with which the Authority is currently negotiating or during administration of a contract executed pursuant to a successful application.

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