Official State of Iowa Website Here is how you know

Our Agency

IEDA Board Minutes - April 2021

Iowa Economic Development Authority Board
Board Meeting Minutes
April 16, 2021
9:15 a.m.
 
Board Members Present:
Jennifer Cooper, Doane Chilcoat, Linda Crookham-Hansen, Mark Kittrell, Lisa Shimkat, Megan McKay, Pankaj Monga, Emily Schmitt, Tom Townsend

Board Members Absent:
Chris Murray, Lisa Hull

Ex-Officio Members Present:
David Barker Sen. Liz Mathis (joined at 9:36 am)

Absent Ex-Officio Members:
Sen. Carrie Koelker, Rep Kenan Judge, Rep Phil Thompson, Rob Denson

IEDA Staff Present:
Sonya Bacon
Debi Durham
Kanan Kappelman
Terry Roberson
Kerri Yost
Rob Christensen
Rita Grimm
Jill Lippincott
Katie Rockey
Vicky Clinkscales
Emily Hockins
Rick Peterson
Alaina Santizo
Lisa Connell
Staci Hupp-Ballard
Maicie Pohlman
Deanna Triplett

Others Present:
Cindy Harris, IFA
Rick Dickinson
John Steppe
Eric Richardson-LSA
Sue Foecke
Joy Briscoe-24/7 BLAC
561-213-6708
Jim Schafer (joined at 9:58 am)

BOARD CHAIR
• Welcome
Iowa Economic Development Authority Board Vice-Chair Jennifer Cooper called to order the
meeting of the IEDA Board at 9:18 a.m.
• Roll Call and Introductions
A quorum of the IEDA Board was established with the following Board members present:,
Jennifer Cooper, Doane Chilcoat, Linda Crookham-Hansen, Mark Kittrell, Megan McKay,
Pankaj Monga, Emily Schmitt, Lisa Shimkat and Tom Townsend.
Ex-officio members present: David Barker
Approval of Minutes - March 19, 2021 IEDA Meeting
MOTION: Emily Schmitt moved that the IEDA Board approve the minutes of the March 19, 2021 IEDA
Board meeting, seconded by Megan McKay. Motion carried unanimously.
Approval of Agenda - April 16, 2021 IEDA Meeting
MOTION: Mark Kittrell moved that the IEDA Board approve the agenda for the April 16, 2021 IEDA
Board meeting, seconded by Linda Crookham-Hansen. Motion carried unanimously.
PUBLIC COMMENT PERIOD: No comments were made.

COMPLIANCE - CONSENT AGENDA
A. 120 Day Report
B. Compliance Report
Keokuk Mills, Inc. - Request to Extend Project Completion Date.
Vine Line Group LLC and Heeren LLC - Request for Contract Termination.
MOTION: Doane Chilcoat moved that the Iowa Economic Development Authority Board approve
the recommendations of the DDC regarding items A and B on the Consent Agenda, seconded by
Lisa Shimkat. Motion carried unanimously.

FINANCIAL ASSISTANCE APPLICATIONS
CJ Bio America Inc. - Webster County
MOTION: Mark Kittrell moved that the Iowa Economic Development Authority Board accept the
recommendation of the DDC to award a maximum of $408,900 in Investment Tax Credits and a
maximum of $266,700 in Sales, Services, Use Tax Refund, seconded by Doane Chilcoat. Roll Call vote was taken. Motion carried unanimously.
Sadler Power Train, Inc. - Cedar Rapids
MOTION: Linda Crookham-Hansen moved that the Iowa Economic Development Authority Board
accept the recommendation of the DDC to award a maximum of $31,500 in Sales, Service, Use Tax
Refund, seconded by Emily Schmitt. Roll Call vote was taken. Motion carried unanimously.
Emily Schmitt disclosed conflicts of interest that necessitated recusal from discussion and voting on the application for financial assistance submitted by Shell Rock Soy Processing LLC. See the attached E-Mail exchange. Emily left the room at 9:26 am.
Shell Rock soy Processing LLC - Butler County
MOTION: Mark Kittrell moved that the Iowa Economic Development Authority Board accept the
recommendation of the DDC to award a maximum of $2,246,000 in Investment Tax Credits and a
maximum of $1,854,000 in Sales, Service, Use Tax Refund, seconded by Lisa Shimkat. Roll Call vote was taken. Motion carried unanimously.
Emily Schmitt returned to the meeting at 9:28 am.
AMENDMENTS TO RULES
Adopt Amendments to Contracting Rules, 261IAC 187
MOTION: Mark Kittrell moved that the Iowa Economic Development Authority Board adopt
Amendments to Contracting Rules, 261 IAC 187, seconded by Megan McKay. Motion carried
unanimously.
Approve Filing Notice of Intended Action for Amendments to Targeted Small Business Certification
Program Rules, 261 IAC 52, and Targeted Small Business Financial Assistance Program Rules, 261
IAC 55.
MOTION: Mark Kittrell moved that the Iowa Economic Development Authority Board Approve Filing Notice of Intended Action for Amendments to Targeted Small Business Certification Program Rules, 261 IAC 52, and Targeted Small Business Financial Assistance Program Rules, 261 IAC 55, seconded by Emily Schmitt. Motion carried unanimously.

IOWA INNOVATION COUNCIL MEMBER REAPPOINTMENTS
Iowa Innovation Council (IIC) Member Reappointments
MOTION: Doane Chilcoat moved that the Iowa Economic Development Authority Board reappoint
Allen Bierbaum, Curt Carlson, Kevin Gaul, Hank Norem, Emily Schmitt, and Susan Wood to the IIC as recommended by the IIC Executive Committee, seconded by Linda Crookham-Hansen. Emily Schmitt abstained. Motion carried unanimously.
24/7 BLACK LEADERSHIP ADVANCEMENT CONSORTIUM
Joy Briscoe, Executive Director at 24/7 Black Leadership Advancement Consortium (BLAC), provided information to the IEDA Board regarding BLAC's work and its application for an Entrepreneurial Investment Award. 24/7 BLAC is seeking assistance to operate the Black Business & Entrepreneurship Accelerator (BBEA), which 24/7 BLAC offers in collaboration with Waterloo community organizations.

ENTREPRENEURIAL INVESTMENT AWARDS PROGRAM RECOMMENDATIONS
MOTION: Megan McKay moved that the Iowa Economic Development Authority Board accept the
recommendation of the Entrepreneurial Investment Awards (EIA) review panel to award a $200,000 EIA grant to 24/7 BLAC to support the BBEA, seconded by Mark Kittrell. Motion carried unanimously.
MOTION: Megan McKay moved that the Iowa Economic Development Authority Board accept the
recommendation of the EIA review panel to award a $184,900 EIA grant to Drake University to
provide financial support for the Startup Hub Des Moines operated by Drake University in
partnership with the University of Iowa to connect minorities, immigrants, and other
underrepresented entrepreneurs to Iowa's entrepreneurial ecosystem, seconded by Mark Kittrell.
Motion carried unanimously.
MOTION: Megan McKay moved that the Iowa Economic Development Authority Board accept the
recommendation of the EIA review panel to award a $110,000 EIA grant to New Bohemian
Innovation Collaborative (NewBoCo) to provide financial support for the Hub microlending platform for minority businesses NewBoCo created in partnership with Kiva, seconded by Mark Kittrell.
Motion carried unanimously.

VENDOR APPROVAL
MOTION: Linda Crookham-Hansen moved that the Iowa Economic Development Authority Board
approve entering into a two-year contract with Member Marketplace, Inc. for a maximum of
$173,000 per year for a total of $346,000, $150,000 of which will be paid by America's SBDC Iowa for FY22, to continue to provide a one-stop online shop, Shoplowa.com, for small Iowa bricks and
mortar retail businesses, seconded by Mark Kittrell. Motion carried unanimously.

ELECTION OF OFFICER/APPOINTMENTS TO COMMITTEE
ELECTION OF IEDA BOARD CHAIR AND VICE-CHAIR
MOTION: Lisa Shimkat moved that the Iowa Economic Development Authority Board elect Megan McKay to serve as Board Chair and Emily Schmitt to serve as Board Vice-Chair through the April 2022 Board Meeting, seconded by Linda Crookham-Hansen. Motion carried unanimously.
APPOINT DUE DILIGENCE COMMITTEE MEMBERS
MOTION: Lisa Shimkat moved that the Iowa Economic Development Authority Board reappoint Mark Kittrell, Jennifer Cooper, Linda Crookham-Hansen, Megan McKay and Chris Murray and appoint Emily Schmitt to a six-person DDC through the April 2022 Board Meeting, seconded by Pankaj Monga.
Motion carried unanimously.
APPOINT TECHNOLOGY COMMERCIALIZATION COMMITTEE AND BROWNFIELD REDEVELOPMENT ADVISORY COMMITTEE
MOTION: Linda Crookham-Hansen moved that the Iowa Economic Development Authority Board
reappoint Pankaj Monga to serve on the TCC and appoint Lisa Shimkat to serve on the Brownfield
Redevelopment Advisory Council, both through the April 2022 Board Meeting, seconded by Megan McKay. Motion carried unanimously.
APPOINT FINANCE COMMITTEE AND RULES REVIEW
MOTION: Mark Kittrell moved that the Iowa Economic Development Authority Board reappoint Lisa Shimkat and Tom Townsend to a two-person Finance Committee and appoint Lisa Hull to review rules, all through the April 2022 Board Meeting, seconded by Megan McKay. Motion carried unanimously.

OTHER BUSINESS
DDC Special Meeting will be held on Friday April 30, 2021 at 9:00 am
The next IEDA Board meeting will be held on Friday, May 21, 2021 at 9:15 a.m.

ADJOURNMENT
There being no further business at the meeting of the Iowa Economic Development Authority Board,
MOTION: Emily Schmitt moved that the IEDA Board adjourn, seconded by Mark Kittrell. Motion
carried unanimously. Meeting adjourned at 10:31 a.m.

;