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Posted: October 27, 2017
Rapid City
Agenda Item Summary

Agenda Item Ref. #: LF110117-04

Agenda Item Title:

Acknowledge Update from the Opportunity Capture Fund Committee

Origination Group:
Legal & Finance Committee
Origination Meeting Date:
City Council Hearing Date:
Opportunity Capture Fund Committee
Staff Contact:
Pauline Sumption
Agenda Item Summary:
The Opportunity Capture Fund Committee has approved the following grants: $250,000 to Best Gen Modular; $300,000 to ImmutriX Therapeutic Inc/Intrinsic Materials Corp and the extension of terms for the final $62,500 grant to Dakota Panel. In addition, $80,000 was returned to the Opportunity Capture Fund from 3 previously approved grants.

Funding Source & Fiscal Impact (if applicable):

Funding Cost Center
Vision Fund – Opportunity Capture Fund line item (already budgeted so no additional impact)


Origination Recommendation Action: