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HomeMy WebLinkAbout11 07 2017 Technology Village Minutes CITY OF PRIOR LAKE, MINNESOTA TECHNOLOGY VILLAGE BOARD OF DIRECTORS WORKSHOP NOTES – November 7, 2017 952.496-8830 – jfoust@scottfss.org - www.technologyvillage.net Call to Order The workshop session was called to order at 7:35 a.m. Present: Board Members Gerry Hughes and Dan Straton and Advisory Board Member Dave Rech. Staff present: Community Development Director Casey McCabe and Jo Foust (FSS). Absent: Patrick Stroh, Adam Proehl, Zach Braid, Sarah Jones and Lori Frank. Review of Meeting Minutes It was requested an amendment to the minutes from September 19, 2017, item 4a. be made to reflect the Motion was to allow Frank to be a non-voting member through 2017 versus 2018. Workshop notes from sessions held on October 3, 2017 and October 17, 2017 were also provided for the Board’s information. FAST-TRACK Challenge -Business Competition Report An update was provided on the FAST-TRACK Business Challenge, which was held on October 26, 2017. The winner of the competition was Ion Concert Media, Inc. based in Belle Plaine. Second place was awarded to ZIET, LLC based in Savage. All four finalists did outstanding jobs presenting their pitches and responding to the judges. Foust reported that a press release has been sent to all area newspapers, with calls from the Belle Plaine Herald and New Prague Times. The event will be covered in the Scott County SCENE which will be published mid -December. Information was also posted on FSS’s Facebook page and on LinkedIn sites. The web site has been updated with photos and the announcement of the winners. McCabe and Foust met with Scott Winters of Ion Concert Media and toured Technology Village. His future needs were discussed. He, and ZIET LLC, have been provided with copies of the Virtual Program Agreement. The video production is underway. It was suggested a gift card be provide to Mr. Renner for all his hard work on the video. A post event survey was discussed. It was suggested follow-up calls be placed to those who do not complete the survey. The FAST-TRACK Challenge subcommittee will conduct a debriefing on the event. Overall Board Members present felt the event went very well. It was suggested that in the future there be weighted criteria including specific points for potential employment, etc. County-Wide Business Incubator Discussion The development of a Business Plan for a Scott county -wide incubator program was discussed. Members discussed the transition and timing of implementing the Phase III plan to a county-wide program, with identifiable benchmarks. It was suggested the 2018 Technology Village Plan address the Technology Village goals and support the county wide effort, with the county business plan as an appendix of the Technology Village Business Plan. It was recommended Technology Village be the bridge and model for a county-wide program. A draft county-wide business incubator business plan will be provided to Technology Village Board members befor e the November 21, 2017 workshop. Board members will be provided with the background on the purpose and intent of transitioning to a county-wide program. McCabe noted Braid may be meeting with local legislators regarding Technology Village and a county-wide incubator/accelerator program. 2017 Technology Village Accomplishments and 2018 Goals The Technology Village Board is invited to the November 20, 2017 City Council workshop, at 5 p.m. to review the 2017 goals and report accomplishments as well as share goals for 2018. A summary report was reviewed. An email will be sent to all Technology Village Board members reminding them of the workshop on November 20, 2017, asking them to RSVP and inviting the Board Members to present or co-present the goals and achievements with Chairman Hughes. Calendar of Events The City Council will be hosting the Annual Advisory Committee Report to the Council, with a dinner, on Monday, November 20, 2017 at 5:00 p.m. The next workshop session for Technology Village is scheduled for Tuesday, November 21, 2017 at 7:30 a.m. The 2018 Business Plan will be discussed. It was suggested the next roundtable be held on Tuesday, December 19, 2017, following the workshop. Board members will be asked if they have a participant that would like a roundtable meeting. It was requested the January 2, 2018 Board meeting be rescheduled to January 16, 2017, with no meeting on January 2nd. It was also suggested the Participant Breakfast, scheduled for January, be delayed to a future date. Other Discussion It was requested meeting attendance be discussed at the December 5th Board meeting. It was suggested attendance be confirmed the day prior to the meeting. For members unable to attend, it was suggested accommodations be made to allow members to call in and participate, as a non-voting member. McCabe noted the MN High Tech Association membership renewal is coming due at a cost of $500. Those present suggested he wait and possibly re-join in the future. The election of officers for 2018 will be added to the December 5, 2017 Board meeting agenda. Adjourn The workshop adjourned at 8:48 a.m. Submitted by: Jo Foust, Scott County FSS