EDND 2015 Business Meeting

Thursday, June 25, 2015

AgendaI. Call to Order II. 2014 Fall Annual Meeting Minutes Approval III. Board RecognitionIV. Mission and Bylaws ChangesV. 2015 Work Plan and Budget ReviewVI. Legislative Agenda ReviewVII. Rural Community Task ForceVIII. Other BusinessIX. Next StepsX. Adjourn

Review Approval

2014 Fall AnnualMeeting Minutes

Introduction and Thank You:

Board of DirectorsPresident

Keith Lund – Grand Forks Region Economic Development Corporation

Vice President

Connie Ova – Jamestown/Stutsman Development Corporation

Secretary/Treasurer

Ellen Huber – City of Mandan Business Development

Past President

John Phillips – Beulah Economic Development

At Large Debra Walworth – Prairie West Development Foundation (Beach) Mark Vaux – Greater Fargo Moorhead Economic Development Corporation Shawn Wenko – Williston Economic Development Corporation

Clearwater Communications

EDND StaffDana Bohn – Executive Director/Lobbyist

Jennifer Greuel – Communication Specialist

EDND MissionMission:EDND promotes the creation of new wealth throughout North Dakota to develop more vibrant communities and improve quality of life.

Strategic Priorities:  Programs that enhance the attractiveness and competitiveness of

the state’s business climate Quality of life amenities that support desirable communities Professional development of EDND membership

Core Operating Principal:  As the voice of economic development in North Dakota, EDND provides professional development services and encourages collaboration among members and stakeholders.

Mail ballot Membership application and transfer

process

Other Bylaws Changes

2015 Work Plan Review

Knowledge Sharing & Networking Continue hosting two conferences

◦ Summer – Bismarck◦ Fall – Watford City

Improve and increase member communication ◦ EDND eUpdate◦ Facebook Group and Website

Further develop a peer-to-peer mentor program◦ Fall Conference Opening Social◦ Summer Conference Social

Advocacy & Lobbying Implement 2015 Legislative Agenda

◦ Reviewed more than 850 bills, tracked 80 bills◦ Distributed weekly legislative update◦ Held weekly legislative calls◦ Took a position on and coordinated testimony for 40 bills

Engage during the Legislative Session with committees and key legislators◦ Hosted legislative breakfasts and social

Collaborate with stakeholders (e.g., DOC, BND, EDF, Governor’s Office, GNDC, NDLC, NDACo)

2015 Work Plan Review

Association Leadership Continue recruitment plan for active (professional) and

associate members ◦ Exceeded membership goal

Present annual awards

2015 Work Plan Review

2015 Budget Report    

Jan - May 2015 Budget

% of Budget

Ordinary Income/ExpenseIncome

4000 · Membership Dues 36,445.00 35,000.00 104.1% 4100 · Conferences 16,900.00 30,000.00 56.3% 4200 · Training 0.00 0.00 0.0%

4300 · Grants 0.00 5000.00 0.0%

4600 · Other Income 19.33 100.00 19.3%

Total Income 53,364.33 70,100.00 76.1%

Expense 5000 · Professional Fees 13,280.00 31,700.00 41.9%5100 · Legislative Program 3,744.81 7,500.00 49.9%5200 · Office Expenses 2,407.24 3,250.00 74.1%5300 · Other Expenses 576.80 2,900.00 19.9%5400 · Conference Expenses 7,320.35 21,000.00 34.9%5500 · Training Expenses 0.00 500.00 0.0%5600 · Training Scholarships 0.00 1,500.00 33.33%

5700 · Sponsorships 250.00 500.00 50.0%

5800- Awards 0.00 1,000.00 0.0%

Total Expense 27,329.20 69,850.00 39.1%

Net Ordinary Income 26,035.13 250.0010,414.1

%

Net Income 26,035.13 250.0010,414.1

%

2015 Cash Flow

Jan – May 15

Net cash provided by Operating Activities 26,035.13

Net cash increase for period 26,035.13

Cash at beginning of period 97,434.00

Cash at end of period 123,469.13

Affordable Housing HB 1014 - $10 million + $30 million for Housing Incentive Fund

$12 million for Flex PACE to support affordable housing

Childcare HB 1018 - $2.25 million for childcare facility grants SB 2012 - $400,000 for childcare provider grants SB 2151 - $3 million for early childhood education provider grants

Workforce HB 1016 - $1,582,167 for Workforce 20/20, New Jobs Training HB 1018 - $300,000 to match private sector contributions to the “Find the

Good Life” campaign $1.55 million for Operation Intern and externships

HB 1019 - $3 million for TrainND

Legislative Agenda ReviewWorkforce Availability and Development

◦ HB 1018 - $842,044 for regional Small Business Development Centers

$1.75 million for entrepreneurial center grants and vouchers

Business Development and Entrepreneurship

• SB 2292 – Allows businesses to use a single sales factor

• SB 2349 – Five percent corporate and 10 percent individual tax relief

• HB 1059/SB 2005 – $250 million state-paid property tax relief credits, 12%

Pro-Business Climate

• SB 2057 – Regular review of economic development tax incentives

• SB 2340 – Automation tax credit extension and expansion

• Other targeted business financing and incentives

Business Financing and Incentives

• HB 1443 – $150 million for an infrastructure revolving loan fund

• SB 2103 – Surge bill, $1.1 billion for oil-impact funding• SB 2276 – Study to extend natural gas to under-served

communities

Infrastructure Development

• SB 2329 – Renaissance zone expansion provision

Community Development

HB 1018 - $4.5 million in funding for Research ND

Technology Commercialization

Small Communities Sub-Committee

Other Business

Next Steps Interim work Fall Conference

◦ Oct. 26-28- Watford City Awards

Adjournment

Thank you for your membership and support of the Economic Development

Association of North Dakota this year.

We are looking forward to continued success in 2015!