Item Coversheet

4.B.


Shakopee Economic Development Authority
November 15, 2022


FROM: Michael Kerski, Planning/Development Director 
TO:President and Board Members
Subject:
Review of Entrepreneur Program for 2022 and 2023
Policy/Action Requested:
Approve contract with Momenteum for $82,500 for the year and $2,300 a month for travel, housing and per diem expenses based on actual receipts.
Recommendation:
Approve contract to continue support for Entrepreneur Program.
Discussion:
John Moore from Momenteum will present an update on the EDA's entrepreneur program.  This has been a successful year, continuing to grow the group and having the second company in the group opening a manufacturing facility in Shakopee.  This is a transitional year where Mr. Moore will be working with our new Economic Development Coordinator to assist them to grow the program and introduce them to the local resources he has identified and is currently working with.
Budget Impact: