IPC Board Meeting Minutes October 2022

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o Welcomes and introduces Antonius Northern as new member of the IPC Board. o Introduces Katt Redding to share testimonials of her experience with the Small Business Assistance Suite (SBAS). • Renovation company • Utilized bookkeeping • Going through the Women & Minority Business Certification • Is able to take on larger jobs due to help from the SBAS. o Discussion point • Murray Miller: Asks if the SBAS provided Katt Redding with funding. • Michael Patton: Informs the Board that the Department of Community Investment provided funding for Katt Redding. • Antonius Northern: Is interested in the experience that Katt Redding had with being coached on bookkeeping. • Katt Redding had left the meeting via Microsoft Teams before Antonius had the opportunity to ask. o Michael Patton shifts to present on the Small Business Assistance Suite update covering the 1-3rd Quarters of the year. o Discussion Point • Murray Miller: Requests the number of businesses that have gotten certified as a Small Business Enterprise (SBE) with the help of the SBAS. • Michael Patton: Will provide information at a later date. • Murray Miller: Asks if businesses are certified through the Small Business Assistance Suite. • Michael Patton: Clarifies that the SBAS aids in the process of obtaining certification. The SBAS cannot grant certification. • Michael Schmidt: Suggests that it would be wise to encourage participants to register their businesses with the city and with the Chamber to expand their network. • Michael Patton: States that the SBAS encourages the above. However, it is challenging to get participants to follow through on the registration. • Jeff Rea: Requests insight on how vendors are selected for different resources that help service women and monitory business owners that pursue the SBAS, what the contracts look like, and how much assistance is given. • Michael Patton: States that there is a discussion with potential vendors about costs and the goals of the Small Business Assistance Suite. Upon agreement of terms, a contract is created that binds the services of the vendor to the Small Business Assistance Suite . Cost varies per vendor. o Discussion Point • Dr. Breanna Allen: Asks about post-assessments and if current vendors, IM Power & Moss Light (Vendors who provide SBAS with coaches), have outcome goals for each of their applicants. • Michael Patton: Confirms that tracking is done on each business, for each step of the process, as well as the business's accomplishments along the way.