Slaton Economic Development Corporation discussed ways to expand the conference room as well as allowing competing businesses to apply for grants Thursday afternoon (Nov. 19) during the Board’s monthly meeting.
The Board approved a grant policy for businesses in direct competition with like businesses in Slaton. This allows for grants to keep Slaton thriving and all businesses to offer their best.
They also approved the use of FICO scores on credit reports for grant applications. These would be done by Experian, and would be used on credit reports with a score of at least 650 or better.
Board members also discussed funding sources for the conference room expansion. They approved the use of Money Market Account moneys to fund the expansion, which would also include a board table and matching chairs and other items as needed.
The Board also recommended Nancy Norman, Joe Janick and Lynn Nowlin continue to serve on the SEDCO Type B Board. The trio’s terms are set to currently expire in December, and the recommendation will be sent to City Council for approval.
The Board then met in executive session. When they reconvened, the members approved a facade grant for up to $5,000 for The Pieceful Quilter with receipts provided for reimbursement.
They also approved a motion for a facade grant up to $5,000 to Buxkemper Tax at 166 W. Garza St. with receipts provided for reimbursement as well as a another $5,000 facade grant for 160 W. Garza St. with the same requirements.
The board did not take action on a job incentive grant for project 2020-6.
They also heard about prospective businesses regarding a food trailer as well as Allsup’s coming in to Slaton.