Minutes - Economic Development Authority - 09/07/2006

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Economic Development Coordinator Sullivan indicated the tournament cost was $764.58 due to the fact that 17 golfers were not required to pay for participation in the event. Among those were the Business of the Year and last year's Business of the Year. Member Elvig arrived at 7:35 a.m. Mr. Sullivan explained there were a couple of observations brought to staffs attention regarding the event and its success. The following recommendations/suggestions were made: 1. Play was too slow, too much time at hole sponsor games 2. Play was slow, no other reason 3. The specific prize donated was not awarded individually 4. Large prizes donated did not have a dollar value assigned to them The EDA discussed the above recommendations, and the following suggestions in relation to the 2006 Business Appreciation Day golf event: · Incorporate a list recognizing all the sponsors · Dollar value of the prize to be announced when it is awarded · Possibility of limiting the businesses to twosomes rather than foursomes · Possibility of a morning/afternoon shotgun with a luncheon between the events · Possibility of utilizing two golf courses and meeting for dinner · Limit businesses to one team unless there are available spots close to event time · Lunch served prior to the golftournament, followed by appetizers and cocktails · Limit on staff participation Consensus of the EDA was in the future the Business Appreciation Day Golf Event should be limited to 36 teams, with one team per business unless there is room for an additional team to register close to event time; the invitation should encourage businesses to register early; participants should be accepted on a first come/first serve basis; staff participation should be limited; sponsors should be strategically placed; twosomes should be encouraged; a list should be incorporated recognizing all the sponsors; and the dollar value of the prize should be announced when it is awarded Economic Development Coordinator Sullivan suggested the awarding of the Business of the Year is a process that may need some work. He reviewed the following criteria: 1. Been involved in all aspects of the community. 2. Provided for the maintenance or expansion of the commercial/industrial tax base of the community through the development of new business ventures or the retention or expansion of existing businesses. 3. Expanded or retained the employment base of the community. 4. Been a positive influence to the business community. Economic Development Coordinator Sullivan indicated this criteria is somewhat ambiguous and staff is welcome to suggestions that might make the award process more concrete. Items such as number of jobs created, tax base created and specific contributions to the community could be documented and used as specific criteria to determine the Business of the Year. In addition, Economic Development Authority/September 7, 2006 Page 4 of7