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PEDC Board Meeting Minutes Tuesday, August 17, 2021 Page 2 of 3 Discuss and Consider Approval of the July 20 Financial Statements Mr. Coleman reported on financials ending July 2021. He stated cash and cash equivalents are approximately $2 million and investments are at $2.1 million. Mr. Coleman added that the PEDC's net position is approximately $5.2 million, and year to date the organization has recognized approximately $1.5 million in sales tax revenue and total expenses of $1.1 million. Mr. Roddy made a motion to approve the July 2021 Financials. Mr. Fendley seconded the motion. Vote was 5 -ayes to 0 -nays. Discuss and Consider Atroval of the Contract nfor µJobs E�Subscriptionreement Ms. Hammond reported on the Jobs EQ Subscription Agreement and referred board members to the agreement in the packet. She noted that the organization utilizes several data tools to respond to RFPs, prepare information for prospects and analyze trends and proposed engaging Chmura for their Jobs EQ platform, citing the following key points: Gale is the current platform used by the organization on a one-year agreement at approximately $5,000 per year and set to end in the coming months. JobsEQ provides an online database that can supply more comprehensive labor and meets the organization's current needs for proposals, planning, etc. JobsEQ will allow for customization of labor data and statistics to specified parameters for the entire state of Texas. Ms. Hammond proposed ending current contract with Gale and entering new one year contract agreement with JobsEQ at approximately $6,200 a year. Following discussion, Mr. Fendley made a motion to approve and Mr. Coleman seconded the motion. Vote was 5 -ayes to 0 -nays. Discuss and Consider Action on Updates from Land Committee Ms. Hammond provided the following updates: As part of the committee's goal to make PEDC sites "site -ready," staff has continued to make progress on environmental reports on PEDC-owned properties. All properties owned by the PEDC are currently free of environmental issues. As another part of the "site -ready" process, staff is now taking steps to rezone 12 parcels totaling roughly_ 150 acres within 30 to 60 days. Discuss and Consider Action on Udates, from Marketing Committee Ms. Hammond said the Marketing Committee has held four meetings to date. She added that the committee has focused on establishing board member liaisons to industry and has hosted four industry meetings to date. Ms. Hammond added that the committee has also worked on a social media strategy intended to increase transparency and develop awareness on PEDC activities, mission, and accomplishments. Ms. Hammond stated that since July, the organization's Facebook page alone has reached an estimated 5,000 individuals and had 1,400 engagements, ss and Alen, t„a Poll Review Committee Discu.... Mr. Bray discussed the need to evaluate the organization's policy and procedures due to the time elapsed since last review in addition to offering clear guidance to staff. Following discussion, Mr. Bray appointed Dr. Hashmi, Mr. Mark Homer, and Mr. Erik Roddy to the Policy Review Committee. Mr. Fendley made a motion to approve. Mr. Coleman seconded the motion. Vote was 5 -ayes to 0 -nays.