Title
Approving the February 28, 2018 HRA Board Meeting Minutes
Body
ROLL CALL
Present 5 - Commissioners Brendmoen, Henningson, Noecker, Prince, Stark, and Chair Tolbert
Absent 2 - Commissioners Bostrom and Thao
SWEARING IN OF SAMANTHA HENNINGSON
CONSENT AGENDA
1. Resolution appointing Secretary of the Housing and Redevelopment Authority of the City of Saint Paul, Minnesota
Adopted as set forth in Min 18-352
2. Approving the February 14, 2018 HRA Board meeting minutes
Adopted as set forth in Min 18-6
3. Resolution approving and authorizing the execution of signage and encroachment easement agreement, District 17, Ward 2
Adopted as set forth in Min 18-367
Moved by Commissioner Henningson, Consent Agenda is Adopted
VOTE: Yeas - 5 Nays - 0
FOR DISCUSSION
Commissioner Thao arrived
4. Resolution approving and authorizing an HRA Business Assistance Fund loan of up to $200,000 to Techstars Farm to Fork, District 17, Ward 2.
Dr. Bruce Corrie, HRA Executive Director, stated that RES 18-163 refers to the authorization of a loan of up to $200,000 to Techstars Farm to Fork from the HRA Business Assistance Fund.
Techstars is a Colorado based company that operates worldwide. Techstars chooses promising high tech startups and provides a portfolio of services and resources for them to launch their business in a short period of time. Companies are recruited worldwide and to date they have accepted over 1000 companies and raised over $3.3 billion and created more than 10,000 jobs. In the Minneapolis retail Techstar sponsored by Target 2 companies launched in Minneapolis.
Techstars St. Paul is sponsored by Ecolab and Cargill and will focus on agriculture tech based startups. The program is called Farm to Fork and will be based in the Osborne 370 building where other tech companies are located.
PED’s support for Techstar follows the Fullstack initiative of last year which aimed at improving the presence of tech based companies in St. Paul. With Techstars located in St...
Click here for full text