Date: October 26, 2017
To: Members of the Economic Development Authority
From: Nate Carlson, Economic Development Coordinator
Chris Heineman, Community Development Director
Title
Imminent Brewing Presentation
Body
Summary:
Per EDA Loan requirements, recipients of EDA financing are required to give a brief presentation to the EDA Board following one year from initial loan approval.
Imminent Brewing received a $50,000 Revolving Loan from the EDA on July 14, 2016. However, loan funds were not disbursed until full financing of the project was in place. Representatives from Imminent Brewing, Derek and Laura Meyers, will provide a brief description on the use of EDA funds and the status of the business.
EDA Board members are welcome to ask questions of the presenters. However, if further inquiries are requested, Staff asks Board members to schedule a time to discuss in more detail.