Minutes - Economic Development Authority - 07/12/2012

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4.06: Selection of the 2012 Ramsey Business of the Year Management Analyst Brama presented the staff report indicating the 2012 Ramsey business of the year top four nominees. Information has been requested from these businesses. He, recommended moving the August EDA meeting to the first Thursday of the month in order to give the winner time to prepare and promote. Member LeTourneau asked what questions were sent to the businesses. Management Analyst Brama noted the questions from the last meeting. Member Skaff suggested to table until the August 2 meeting. Consensus was reached to reschedule the next meeting on August 2nd Management Analyst Brama stated he will send out an email noting the meeting date change. 4.07: Ramsey EDA Business Network Breakfast Update Management Analyst Brama presented the staff report noting the date selection of November 29, 2012. Staff reviewed options and noted there is no budget for a keynote speaker. He requested the Board discuss whether they want to pay for a keynote speaker or seek one from a business at no charge. Member LeTourneau asked the history of paying for a speaker. City Administrator Ulrich questioned if Mr. Mulrooney has previously presented programs. Mr. Mulrooney stated he has the capability but there are other options, maybe tap into the Federal Reserve regarding the economic outlook, someone to draw in businesses. Member Skaff noted it is not about having a professional speaker, it is about education, and networking is important. Member McGlone questioned having breakout sessions. City Administrator Ulrich agreed having a few breakout sessions should be considered for further discussion. Member Wise questioned separating businesses by area, such as retail versus restaurants. Consensus was reached to move from keynote speaker to a hybrid — speaker plus interactive. Economic Development Authority /July 12, 2012 Page 5 of 6