EDA Meeting Date: September 29, 2025
To: Members of the Economic Development Authority
From: Nate Carlson, Economic Development Coordinator
Title
Review of Micro-Grant Application for Elsa Kraus, LLC dba Relationship Therapy and Consultation.
Body
Action Requested:
EDA Board shall review the Micro-Grant Application and make a motion of approval per the EDA Loan Committee's recommendation.
Summary Report:
Relationship Therapy is requesting a $5,000 Micro-Grant from the Clement Shearer EDA Micro-Grant Program. The owner, Elsa Kraus, has provided an application for the funds, which can be found attached to this report. This application was provided to staff on August 7. Staff have reviewed the Micro-Grant application thoroughly.
Relationship Therapy has been in operation since 2017. The business specializes in therapy for those experiencing significant trauma.
Currently, Elsa is in-process of a business expansion involving a build-out investment of her existing office space.
The business is seeking assistance from the EDA for the equipment costs related to the expansion project. The applicant will be contributing $5,200 to the project.
Total Project: $10,200
The EDA Loan Sub-Committee met on September 10, 2025, and the committee provided a recommendation of approval for the Elsa Kraus, LLC dba Relationship Therapy and Consultation Micro-Grant.
The EDA Loan Sub-Committee also recommended that the EDA fund the micro-grant program for the remainder of the year using unrestricted reserve funds from the EDA 292 Fund in the event that there are additional requests.
Unfortunately, Elsa is unable to present the grant application to the full EDA Board. She has prepared the attached letter and presentation for the EDA's review prior to taking action on the request. Staff will attempt to answer questions raised by the EDA.
Alternative Options:
The EDA Board may make a motion to deny the Micro-Grant application.
Financial Impacts:
The EDA has $15,00...
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