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IEDA Board - May 17, 2024


Location: 1963 Bell Avenue, Suite 200 – Helmick Conference Room Public Webinar Access:*
Board packet can be found here.
Date: May 17, 2024 | 9:15 a.m.


Voting Board Members Emily Schmitt – Chair, Doug Boone – Vice Chair, Melissa Ballard, Bobbi Bentz, Mark Kittrell, Megan McKay, Pankaj Monga, Hank Norem, Lisa Shimkat, Jennifer Steffensmeier and Thomas Townsend
Ex-Officio Non-Voting Board Members David Barker, Jay Byers, Rob Denson, Senator Izaah Knox, Senator Carrie Koelker, Representative Heather Matson and Representative Ray Sorensen


  1. Committee Chair

    Emily Schmitt
    1. Welcome

    2. Roll Call and Introductions

    3. Approval of April 19, 2024 Meeting Minutes

    4. Approval of May 17, 2024 Meeting Agenda

  2. Public Comment Period

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

  3. Compliance – TCC Recommendations

    Katie Rockey
    1. Enceinte Health, Inc. – Des Moines

    2. True360, Inc. – Des Moines

  4. Financial Assistance Application

    Mark Kittrell
    1. Vemerald, LLC - Davenport

      Roll Call
  5. TCC Recommendations

    Anna Lensing
    1. America’s Seed Fund Program

    2. Belling & Meyer, LLC dba Bovi-Jet - Proof of Commercial Relevance

    3. Incentit - Demonstration Fund/Proof of Commercial Relevance

  6. Amendment to Rules

    Emily Schmitt
    1. File Emergency Rules and a Notice of Intended Action for New 261 IAC Chapter 67, Major Economic Growth Attraction (MEGA) Program

      Lisa Connell
    2. Rescind 221 IAC Chapters 1, 2, 3 and 4 and 223 IAC Chapters 3, 4, 5, 6 and 46

      Lisa Connell
  7. Redevelopment Tax Credit Program for Brownfields and Grayfields

    Matt Rasmussen
    1. Contract 21-BTC-22 – Request to Amend Contract

  8. Vendor Approvals

    Terry Roberson
  9. Budget and Finance Report

    Terry Roberson
  10. Legislative Update

    Deanna Triplett
  11. IT Updates

    Rob Christensen
  12. Other Busines

    1. Next Board Meeting is June 21, 2024

  13. Adjournment

    Emily Schmitt

Please Note:
The meeting will convene no earlier than stated above, but may begin later, depending upon length of earlier meetings. Some members of the board may participate electronically due to travel issues. Agenda items may be considered out of order at the discretion of the Chair. If you require accommodation to participate in this public meeting, call (515) 348-6146 to make your request. Please notify us as long as possible in advance of meeting.

*This meeting will be accessible to members of the public in person at IEDA or click on the link above to request the link to participate in the meeting via Teams. You will be directed to register to receive the link.

**The Due Diligence Committee and the Economic Development Authority Board, if a quorum of the Board is present, may go into closed session pursuant to Iowa Code sections 21.5(1)a, 15.118, 22.7.3, 22.7.6 and 22.7.8 to review and discuss records IEDA is required to treat as confidential under Iowa law. This includes confidential business and financial information about applicants and industrial prospects with which the Authority is currently negotiating.