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EXAS � O' MIC IDEVEILOPM t C � I� OR STI rip ra 115 rr :rrir Reach rac 1 i f"'j .jl°„ Discuss and Consider Approval of the April 15, 2025, Meeting Minutes Chairman Bray presented the April 15, 2025, meeting minutes for review and discussion. Mr. Roddy made a motion to approve the minutes as presented. Mr. Coleman seconded the motion. Vote: 5 -ayes to 0 -nays Discuss and Consider Approval of the April 2025 Financial Statements Secretary and Treasurer Chase Coleman presented financial reports ending April 30, 2025. Total assets were reported to be $10,420,605. Total liabilities were reported to be $2,030,581, leaving the PEDC with a total net position of $8,390,024. Mr. Coleman continued with the income statement for the month, citing the reported total revenue as $155,050. He concluded the financial report for the month of April by presenting total expenditures and net income for the month. Mr. Coleman opened the floor to questions regarding the April financial reports. There were no questions. Dr. Hashmi made a motion to approve the financial statements as presented. Mr. Roddy seconded the motion. Vote: 5 -ayes to 0 -nays Report and Updates by Executive Director Maureen Hammond Site Visitation Program and Foreign Trade Zone: Ms. Hammond noted that she would be combining her updates on the Site Visitation Program and Foreign Trade Zone Designation into one update. She noted that earlier in the month she had reconvened the Site Visitation Program as part of Business Retention and Expansion programming. She stated that, to date, she had met with five companies and that each visit had yielded productive conversations and follow-up opportunities. She continued by noting that after conversations with PJC President Dr. Stephen Benson, she had decided to invite Vice President of Workforce Education Dr. Michael Erny to join her on future site visits. She noted that much of the discussion with these companies centered on training needs and suggested that including Dr. Erny in future visits would be advantageous, as it would help avoid duplicative efforts between the organizations. Ms. Hammond further noted that she had been using her site visits as an opportunity to discuss the benefits of a Foreign Trade Zone designation. She noted that two companies had expressed strong interest in the potential benefits on an FTZ. She commented that as the process continues to move forward, the PEDC would continue to engage in conversations with these companies. Ms. Hammond opened the floor to questions regarding the Site Visitation Program and Foreign Trade Zone. There were no questions. Convene into Executive Session: I. Pursuant to Section 551.087 of the Texas Government Code to Page 2of3