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SSBCI Review Committee - July 18, 2023


Location: 1963 Bell Avenue, Suite 200 Helmick Conference Room
Date: July 18, 2023 | 9:30 a.m.


State Small Business Credit Initiative Committee Members David Bernstein, Bill Daly, Rich Hichwa, Liz Hubing, Molly Varangkounh, Donna Ramaeker Zahn


  1. Committee Chair

    Molly Varangkounh
    1. Welcome and Introductions

    2. Roll Call

    3. Approval of May 16, 2023 Meeting Minutes

  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. 9:40 am: Funding Pipeline Update

    Adrienne Greenwald
  4. 9:45 am: Closed Session (Iowa Code section 15.118)*

    Roll Call
    1. Discussion of Information Contained in Applications for Financial Assistance 
      that IEDA is Required to Keep Confidential
      9:50: Vida Diagnostics, Inc. Iowa Innovation Acceleration Fund (IIAF)
      Expansion Assistance: $1,000,000

      Adrienne Greenwald
  5. 10:55 am: Open Session

    1. Vida Diagnostics, Inc. - IIAF Expansion Loan: $1,000,000

      Roll Call
  6. Other Business

    1. Next SSBCI meeting is September 19, 2023.

  7. Adjournment

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.