Aug 3, 2026BoardMeeting
BoardEconomic Development Authority Meeting
The committee reviewed the proposed 2027 budget, focusing on staffing retention and planning line items. Discussions were held on updating the business subsidy policy, specifically concerning new business and residential opportunities in the downtown area, capital investment criteria, and job creation requirements. The committee authorized a grant application for the Elmrest Avenue corridor study, detailing a cost-sharing arrangement. Additionally, the committee began a review of the Tax Increment Finance policy, benchmarking against peer cities and statutory frameworks.