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HomeMy WebLinkAbout03 07 2017 Technology Village Minutes CITY OF PRIOR LAKE, MINNESOTA TECHNOLOGY VILLAGE BOARD OF DIRECTORS MEETING MINUTES – March 7, 2017 Phone: 952.447.9813 / Email: drogness@cityofpriorlake.com / www.cityofpriorlake.com 1. Call to Order The meeting was called to order at 7:30 a.m. in the Parkview Community Room at City Hall. Members present: Gerry Hughes, Dan Stratton, Adam Proehl, Lori Frank, Patrick Stroh, Zach Braid, Emeritus member Rick Beer and Economic Development Advisory Committee Member Lloyd Erbaugh. Staff present: Dan Rogness, Casey McCabe and Jo Foust. Hughes reported Dan Rogness, Technology Village Executive Director and Community Development Director for Prior Lake has accepted employment with the City of Red Wing and will be leaving the City of Prior Lake March 17, 2017. He acknowledged and thanked Rogness for his leadership and contributions to Technology Village. 2. Approval of Meeting Minutes a. February 21, 2017 MOTION BY FRANK and SECOND BY STROH to approve the February 21, 2017 meeting minutes. The Board discussed the language relating to the reservation of a workstation for Virtual Participants. No changes were made to the minutes. The Motion was approved 3-2-0 with Hughes and Stratton abstaining. 3. Old Business a. County-wide incubator/accelerator Program Report. Foust reported that the Elko New Market Chamber of Commerce discussed the possibility of an incubator program in the current bank building, as the bank will be constructing a new facility. They decided to start a shared office space versus an incubator program, based on their current home-based business mix and needs. They discussed a possible Chamber program regarding the Virtual Program at Technology Village to address the needs of their existing technology based businesses. The SCALE Tech Team will further discuss the county-wide model at their March 15, 2017 meeting. a. Participant Prospects The three prospects that have inquired about the Virtual Program were discussed. All three have received application information as well as the marketing information on Technology Village and the Virtual Program. Hughes offered to reach out to the contacts and noted once applications are received he and Stratton will review the material and make a recommendation to the Board. b. Technology Village Marketing Plan The Board discussed various components of the Marketing Plan. It was recommended the Value Propositio n be added to the Prior Lake cable television channel. Flyers on the Technology Village program and virtual program have been delivered to six of the seven libraries in the county. Relating to the proposed direct mailing project it was noted three sources of data have been used to develop mailing lists for technology related businesses in the county. It was requested that a work group meet to develop the marketing piece. The Board briefly discussed the Business Competition. It was recommended this topic be the included for an upcoming Workshop Session in order to allow sufficient time to plan the event including but not limited to sponsors, prizes, etc. 4. New Business There was no New Business to discuss. 5. Updates a. Technology Village Metric Report – February, 2017 Board members reviewed and discussed the February, 2017 Metric Report. It was requested that Design a tivity be added back to the report. Information on web hits from Minnesota has been added to the report. b. Technology Village Lease Agreement McCabe reported all lease payments are current. LocalVibe has executed a new lease agreement which includes two office spaces and one workstation. The lease rates for the offices are $10 per square foot and the workstation is $7.50 per square foot, based on 100 square feet. One office remains available along with one workstation, which is currently being held for use by Virtual Participants. The Board may discuss the use and availabilit y of that workstation in the future. c. Action Item Update The Action Item report was referenced. McCabe noted staff is still working on the “call back” button for the web site. The Scott County Commercial-Industrial Market Analysis has been completed and distributed to the Board. It was recommended that the document be distributed to Program Participants as well. The Board inquired how the information will be utilized. Maxfield Research will be at the SCALE Tech Team meeting on March 15, 2017 to present a summary of the report to city staff members from Scott County. Each community will use the information as they update their Comprehensive Plans. It was recommended the information also be used to identify the market opportunities for business. The Technology Village Drop Box was discussed. Access to shared information by current and past Board and City Council will be updated by staff. d. Board Member Ideas/Recommendations None. 6. Adjourn MOTION BY STRATTON and second BY PROEHL to adjourn the meeting. The meeting adjourned at 8:14 a.m. A Participant Breakfast followed at 8:15 a.m. Submitted by: Jo Foust, Scott County FSS