EDA Meeting Date: June 29, 2026
To: Members of the Northfield Economic Development Authority
From: Emery John, Program Associate
Title
Consider Appointment of EDA Loan Committee members.
Body
Action Requested:
Staff recommends a motion to approve “[name three members”] to serve on the loan committee.
Summary Report:
The EDA has typically appointed a Loan Committee to review EDA Revolving Loan and micro-grant requests. The Loan Review Committee meets on an as-needed basis to review revolving loan and micro-grant applications and forwards a recommendation to the full EDA board for consideration.
Staff is requesting the EDA identify members for the Loan Committee for 2026. Committees could be two or three members and meet on an as-needed basis. In the past, this has consisted of fewer than 10 meetings per year, though may fluctuate given the quantity of applications. Typically, the EDA President shall serve as a first substitute for any sub-committee member.
The Loan Committee in 2026 will have the additional duty of providing an advisory role for the EDA Workplan Initiative #1: Financial Assistance Overhaul. This may include reviewing program drafts, providing feedback on the pilot program, and other such advice.
2025 Loan Committee members:
• Enoch Blazis
• Don Stager
• Sean Allen
City Plans & Policies Relevance:
N/A
Alternative Options:
N/A
Financial Impacts:
N/A
Tentative Timelines:
June 2026 - Committee re-established
May/June 2027 - Committee evaluated