Economic Development Corporation meeting

 EDC meeting for January 23, 2019




EDC Directors:
Adam Martin-Present
Chris Mulvey-Present
Jeremy Tate-Present
Joey Acfalle-Excused Absent
Council Liaison-Charlie Youngs-Absent

The meeting went pretty quick with all five action items which involved the monthly audits and payroll reports. All passed 4-0.

    There was a staff report from the Interim Director and briefed from a company called CBRE. They gave some insights and ideas about Copperas Cove and the Narrows. He told us that the 2018 employable population of Copperas Cove is 18,176, ages 16 and over.
    In regards to the Narrows, he said that most likely a 20,000 to 40,000 square foot single tenant facility would be ideal for that area. That is for optimal usage. We could even go to 80,000 for multi tenant. He did tell the EDC about the EIG opportunity zone which Copperas Cove falls into. This came about from the 2017 tax reform bill from the federal government. Copperas Cove should look into this.

These are some demographic slides about Copperas Cove.

These are slides that describe the EIG opportunity zone.







The Executive Sessions that were conduct and yielded no results were as follows:
1. Project Etch.
2. Project Glow.
3. Discussion of the Interim Director.
4. Discussion with the Attorney about the digital sign.
5. Deliberation regarding process and options for obtaining a new Executive Director.

Marcie Lowery- EDC Director