Agenda Item Title:
Acknowledge Opportunity Capture Fund Minutes from September 1, 2023
Origination Group:
Legal & Finance Committee
Origination Meeting Date:
11/01/2023
City Council Hearing Date:
11/06/2023
Staff Contact:
Daniel Ainslie
Location:
Circle of Friends Community Room
Agenda Item Summary:
The Opportunity Capture Fund Committee met on September 1, 2023. The Committee discussed two requests presented by Elevate Rapid City. The first request was to provide a loan to Phase Technologies to assist in their manufacturing expansion. The second request to consider providing a match for a grant application.
Funding Source & Fiscal Impact (if applicable):
| Funding | Cost Center |
|---|---|
Recommendations:
Origination Recommendation Action:
Acknowledge