SO THEY'VE BEEN WITH US OVER A YEAR AND A HALF. [00:00:02] THEY ARE OUR FBO FIXED BASE OPERATOR. THAT'S JUST A FANCY WORD FOR THEY'RE THE MANAGER OF THE AIRPORT ON A DAILY BASIS. THEY'VE BEEN WITH US. THEY'VE DONE AN EXCEPTIONAL JOB WITH US. THE BUSINESS HAS PICKED UP. OUR FUEL SALES ARE SLOWLY INCREASING. SO WE'VE GOT A LOT OF ACTIVITY, AND THEY BROUGHT SOME ADDITIONAL JETS, AND THAT'S WHERE THE REVENUE COMES IN FOR EVERYONE. WE'VE HAD SOME BIG PLAYERS COME IN HERE RECENTLY, SO THAT'S THE REQUEST. WE'RE THERE. I HAVEN'T ANSWERED ANY QUESTIONS. HOW MUCH DID YOU SAY? 150,000. YOU MENTIONED BIG PLAYERS. I'M JUST INTERESTED. WHO ARE THE BIG PLAYERS THAT CAME IN? SO WE'VE HAD WALMART. WE'VE GOT SOME CELEBRITIES THAT I CANNOT REVEAL. WE HAVE SOME BANKERS THAT HAVE COME IN. WE'VE HAD ALL IN REAL ESTATE FOLKS THAT'S COME IN. ANY OTHER KEY ONES? A LOT OF THE LOCAL BUSINESS OWNERS, LIKE ANY OF THE MAJOR NAMES THAT YOU SEE IN THE AREA IN THE UNITED STATES, THE FOLKS THAT WILL STOP BY AND CHECK IN ON YOUR BUSINESS. SO IT REALLY IS AN ECONOMIC DEVELOPMENT TOOL TO STOP BY AND CHECK IN ON THE BUSINESS PERSONNEL, THE PERFORMANCE OF THE OPERATIONS, AND WHAT HE'S GOING TO BRING TO THE TABLE IS, IS A SMALL NICHE AS THE JETS ARE. THEY LIKE TO BE CODDLED IN PAMPERED, AND THEY DON'T LIKE THEIR JETS SITTING OUTSIDE IN THE ELEMENTS. THEY LIKE TO HAVE THEM INDOORS. SO THIS IS GOING TO BE AN OPPORTUNITY FOR THEM TO PUT THE JETS INDOOR. THEY'RE NOT HERE FOR ANYWHERE FROM 2 TO 5, SEVEN, MORE THAN SEVEN DAYS. THEY'RE GOING TO GO SOMEWHERE ELSE AND MOVE THEIR MOVE PEOPLE AROUND. SO YES, I DO HAVE A QUESTION I WOULD LIKE, IF YOU DON'T MIND, TELL US WHAT YOU THINK THE FUTURE OF OUR AIRPORT IS AND HOW BIG IT COULD BE, AND HELP US A LITTLE BIT WITH UNDERSTANDING WHAT YOUR VISION ABOUT WHAT YOU THINK WE CAN ACCOMPLISH WORKING TOGETHER. THIS IS KYLE ESSER OF APEX AERO. HAPPY TO. SO IT'S A PLEASURE TO MEET EVERYBODY. SO AND WE APPRECIATE THE OPPORTUNITY TO TO STAND BEFORE YOU. SO AS CHRIS WAS ALLUDING, WE'RE A FIXED BASE OPERATOR. WE HAVE FOUR LOCATIONS AROUND THE MIDWEST. THIS IS OUR THIRD. WE JUST RECENTLY STARTED COUNCIL BLUFFS AS WELL. SO OUR MAIN BUSINESS IS FUEL AND REAL ESTATE FOR AIRCRAFT. AND IF YOU LOOK AT AIRPORTS, THEY REALLY ARE AN ECONOMIC DEVELOPMENT TOOL. AND ONE OF THE THINGS THAT REALLY DREW US TO TERRELL IS JUST THE AMOUNT OF GROWTH OPPORTUNITY. SO CHRIS WAS TALKING TO SOME FOLKS ON MONDAY, AND JUST THE AMOUNT OF DEVELOPMENT THAT'S OCCURRING IN THIS AREA IS VERY, VERY STRONG. AND I THINK THAT EVERYBODY HERE RECOGNIZES THAT. SO ONE OF THE THINGS THAT WE SEE FOR THE AIRPORT IS WHEN WE LOOK AT THE DALLAS METRO, TAKE ADDISON, LOVE, ALL OF THOSE AIRPORTS ARE ESSENTIALLY LANDLOCKED. THERE IS NO MORE SPACE FOR FOR AIRCRAFT TO BE STORED. AND ACTUALLY SOME AIRCRAFT ARE BEING FORCED OUTSIDE TO, TO SECONDARY MARKETS. RIGHT. AND SO WE THINK THAT THERE'S A HUGE OPPORTUNITY FOR, FOR TERRELL TO CAPTURE SOME OF THAT BUSINESS THAT IS WITHIN THE METROPOLITAN AREA. AND THEN, AS CHRIS WAS ALLUDING TO AS WELL, ONE OF THE THINGS THAT BUSINESS OWNERS LOOK FOR IS, HEY, IS THERE A VIABLE AIRPORT AND IS THERE A PLACE TO STORE MY AIRCRAFT EITHER FOR THE DAY OR IF THEY'RE GOING TO BE BASED HERE PERMANENTLY? WE WOULD LIKE TO HAVE A HANGAR TO STORE AIRCRAFT, RIGHT? AND RIGHT NOW, THAT INFRASTRUCTURE JUST SIMPLY IS NOT THERE. AND THAT'S WHAT WE'RE TRYING TO TRYING TO INCORPORATE INTO OUR BUSINESS PLAN. FOR US, THIS IS A SPECULATIVE HANGAR. AND SO WE'RE GOING OUT ON A LIMB HERE A LITTLE BIT TO BECAUSE WE BELIEVE IN THE GROWTH, BUT WE DO THINK THAT THERE'S THE NEED TO BUILD ADDITIONAL HANGARS OVER THE NEXT TWO, FIVE YEARS, AND WE'LL CONTINUE TO SEE HOW THAT GOES. BUT WE'RE VERY BULLISH ON THE ON THIS AREA, AND WE HOPE THAT THAT WILL CONTINUE. WHAT WOULD BE THE ONE THING, IN YOUR OPINION, THAT COULD CAUSE US NOT TO REALIZE THE POTENTIAL OF THE AIRPORT? WELL, I MEAN, ONE IS HANGARS, RIGHT? LIKE THAT INFRASTRUCTURE HAS TO BE THERE. AND SO SO THAT'S GOING TO BE ONE OF THE BIGGEST THINGS IS JUST TO GET THAT INFRASTRUCTURE IN PLACE. KYLE, WHO IS OUR GENERAL MANAGER AT THE SITE HE'S ACTIVELY OUT THERE IN THE, IN THE AREA VISITING WITH NORTH TEXAS BUSINESS AVIATION ASSOCIATIONS AND SOME OF THE EDC EVENTS AROUND THE AREA. SO I THINK WE HAVE A PRETTY GOOD PULSE ON WHAT THE MARKET LOOKS LOOKS FOR. BUT BUT LIKE I SAID, I MEAN, RIGHT NOW, HANGAR HANGAR DEVELOPMENT IS PROBABLY THE NUMBER ONE THING THAT WE'RE THAT WILL HOLD US BACK. SO WILL YOU GUYS HAVE TO ADD ANY MORE JOBS. THE TWO THINGS WE'RE GOING TO LOOK AT, DO YOU HIRE MORE PEOPLE AND WILL IT GENERATE MORE SALES TAX? DO YOU COLLECT SALES TAX FOR THAT? [00:05:04] YEAH. SO JET FUEL DOES NOT HAVE SALES TAX PER SE. BUT OBVIOUSLY OTHER ANCILLARY SALES CERTAINLY DO DRIVE THAT IN TERMS OF JOBS. YEAH. I MEAN THIS IS SIMPLY A MATH GAME FOR US, RIGHT? SO THE MORE FUEL SALES WE HAVE MEANS THE MORE JOBS ARE GOING TO BE REQUIRED. AND SAME THING FOR MOVING AIRCRAFT. SO WE HAVE A PRETTY, PRETTY LEAN TEAM RIGHT NOW. AND IT OBVIOUSLY TAKES MANPOWER TO MOVE THE AIRCRAFT AROUND. AND SO AS HANGARS DEVELOPMENT JOBS WILL CERTAINLY INCREASE AS WELL. OKAY. SO YOU SAY 12,000FT². YES, SIR. AND 150. YES, SIR. OKAY. OKAY. ANY OTHER QUESTIONS OR COMMENTS? ALL RIGHT. THANK YOU. THANK YOU. THANK YOU. KYLE. CHRIS, YOU SAID THERE WAS TWO, RIGHT? YEAH. YES. BUT I'M GOING TO I'M GOING TO LIKE TO POSTPONE THE SECOND ONE. OKAY. ALL RIGHT. ALL RIGHT. SO THIS IS A DISCUSSION. CONSIDER SO THERE'S TWO WAYS. I MEAN, IF YOU WANT TO GO AHEAD AND APPROVE THE GRANT, YOU CAN. THERE OBVIOUSLY IS GOING TO HAVE TO BE SOME DETAILS THAT WE WORK THROUGH ON, ON HOW WE, HOW WE PAY THE GRANT AND WHO TO AND WHEN AND ALL THAT. BUT AGAIN, IT'S A, IT'S A DISCUSSION CONSIDER FOR TODAY. SO FOR ME, I KNOW WITH EVERYTHING IN THE GROWTH AND THE VISION THAT WE'VE BEEN TALKING ABOUT FOR THE AIRPORT AND WHAT. MADE ME THINK ABOUT IT. SO THE VISION AND EVERYTHING WE'VE BEEN TALKING ABOUT FOR TAROT AND ALL OF THE GROWTH OF. I AM ON BOARD WITH US FUNDING THIS GRANT WITH THE STIPULATIONS OF KIND OF KNOWING LIKE HOW WE'RE GOING TO PAY IT OUT AND THINGS. I MEAN, I CAN BRING THE DETAILS BACK TO YOU. I DON'T, I DON'T IMAGINE WE'LL BE. I DON'T THINK WE'LL PROBABLY BE LONGER THAN 30 DAYS WORKING OUT EVERYTHING. BUT YEAH, I MEAN, WE CAN GET THAT DONE PRETTY QUICKLY AND BRING IT BACK TO YOU. YEAH. SO WE KNOW A TOTAL ESTIMATE FOR THE PROJECT OR COMPLETION TIME FRAME. SO THE TOTAL PROJECT IS MUCH PRETTY MUCH ON HIS HANDS. IT'S NOT THAT PART OF THE CITY. SO IT'S A HEAVY INVESTMENT BUT IT'S GOING TO BE SEVERAL HUNDRED THOUSAND DOLLARS. OKAY. SO DO WE KNOW IF THERE'S A TIME FRAME OF HOW SOON YOU WANT TO BE DONE? YEAH. SO FROM OUR STANDPOINT, THE THE HANGAR ITSELF IS GOING TO BE BETWEEN ABOUT 1.1 AND $1.2 MILLION IS OUR ESTIMATE COMPLETION. WE'RE ASSUMING WE GET STARTED HERE IN THE NEXT 60 DAYS. WE'RE EXPECTING Q1, SO JANUARY, FEBRUARY TIME FRAME. BUT WE HAVE OBVIOUSLY GOT TO PROCURE MATERIALS. AND SO WE'LL REFINE THAT SCHEDULE. IT'LL BE A Q1 OF 27 COMPLETION DATE. OH THAT'S QUICK. OKAY. ANY ANY THOUGHTS? I THINK IT'S A HUGE ASSET TO HAVE OUT THERE. OKAY. OKAY. SO WE'LL GO AHEAD AND CONSIDER THE AIRPORT GRANT REQUEST THAT WAS GIVEN TO US FOR THE HANGARS. I'LL TAKE A MOTION FROM SOMEBODY. I'LL MAKE THAT MOTION ANY SECOND. I'LL SECOND. ALL IN FAVOR. AYE. ANY OPPOSED? OKAY. JUST ONE OTHER THING THAT I WANT TO PLUG. THE AIRPORT ACTIVITY IS PICKING UP A GREAT DEAL. WE ALREADY HAVE. THE SECOND ONE I WANT TO TALK ABOUT IS JUST IN THE INFANCY STAGES. THAT'S WHY I DON'T WANT TO BRING ANY MORE. WE. IT IS WITH EAST TEXAS FLYING SCHOOL. I BELIEVE THEY CAME HERE LAST TIME. IT WAS AN AUSTRALIAN GUY THAT YOU VISITED WITH. THEY HAVE PLUGGED IN. WE HAVE ALREADY SIGNED THE INK TO CONTRACT THERE IN G ONE HANGAR. THEY ARE GOING TO BRING A MAINTENANCE AND A FLYING SCHOOL SERVICE TO THE FACILITY OF THE AIRPORT. AND THEIR CONTRACT JUST STARTED. SO THEY'RE IN THE REMODELING BUSINESS AND GETTING ESTABLISHED BEFORE THEY REALLY GO OUT AND MAKE IT REALLY PUBLIC. SO BECAUSE THEY GOT EQUIPMENT TO BRING IN SOME PERSONNEL TO BRING IN. SO THAT'S EXCITING THINGS THAT'S ALREADY ACCOMPLISHED AND IN THE BOOKS. AND WE'RE IN DISCUSSIONS WITH THE BIG MAIN HANGAR, THE A HANGAR THAT WE HAVE GOING ON. WE HAVE SOME VERY GOOD CONVERSATIONS GOING ON WITH THAT FACILITY. AND THAT IS A BIG WIN. THAT IS LOOKING VERY FAVORABLE. BUT IT IS GOING TO BE WE'RE GOING TO HAVE TO REMODEL THE A HANGAR. IT'S IN DIRE STRAITS. SOME SERVICES. SO GOT A LOT OF ACTIVITY GOING ON THE AIRPORT. [00:10:01] THE FOLKS THAT WE JUST HAD COME IN WERE BANKERS OUT OF OKLAHOMA WANTING TO COME AND DO BUSINESS IN TEXAS. AND THEY DIDN'T KNOW WHAT THE WORLD HAD TO OFFER IN TEXAS. WE VISITED WITH THEM MONDAY. THEY CAME IN, BROUGHT IN A HUGE JET AND EXCITING. AFTER VISITING WITH THEM, THEY ARE VERY MUCH IN TUNE THAT THEY WANT TO BE A PARTICIPANT IN TERRELL. THEY SEE THE GROWTH IN WHAT'S GOING ON AND NOT JUST AT THE AIRPORT. SO MORE TO COME ON THAT. OKAY, GREAT. THANKS. SO NOW WE'LL MOVE TO ITEM NUMBER 5.3 TO DISCUSS AND CONSIDER ALL EDC ACCOUNT SIGNATURES. AND NOW THAT COUNCILMAN ROBINSON HAS JOINED US, WE NEED TO REDO OUR ALL OF OUR SIGNATURES ON OUR ACCOUNTS. AND I ALWAYS GIVE ANY ELECTED OFFICIALS THE OPTION OF BEING A PART OF IT OR NOT. SO IF YOU WANT TO BE PART OF IT, WE'LL PUT YOU, PUT YOU ON THERE. AND THAT FOR COMMISSIONER LANE AND FOR YOU AS WELL. SO I JUST WHAT WE NEED ARE JUST A MOTION AND SECOND IN OUR MINUTES TO GIVE TO THE BANK TO REMOVE COUNCILWOMAN VELAZQUEZ AND THEN ADD THE FIVE BOARD MEMBERS SIGNATURES TO THE ACCOUNT. OKAY. SO MOVED SECOND. YOU GET THAT? MATT AND TRAVIS. MATT FIRST. YEAH. OUR PHIL MADE THE MOTION. TRAVIS MADE THE. TRAVIS HAVE THAT SECOND? YEAH. ANOTHER FISTFIGHT. ARE WE KNOW. HOW THIS WORKS. YEAH. THAT'S IT. ALL IN FAVOR, SAY AYE. AYE. AYE. ANY OPPOSED? ALRIGHTY. MOVING DOWN TO THE NEXT ITEM WHICH IS 5.4. WE'LL HAVE A PRESENTATION BY TY WITH OUR ECONOMIC DEVELOPMENT STRATEGY. YES. I'D ASK TY TO BRING TO YOU TODAY THE PRESENTATION HE GAVE US AS A HIRING COMMITTEE. AND SO I WANTED YOU ALL TO SEE THAT, BE ABLE TO HEAR HIM AND GET TO KNOW HIM A LITTLE BIT. SO TY, THANK YOU AND GOOD MORNING BOARD. IT'S A PLEASURE TO BE HERE. I'M EXCITED TO, TO JOIN A GREAT CITY. YOU KNOW, JUST IN THE FEW WEEKS THAT I'VE BEEN HERE, I CAN ALREADY TELL THAT THIS IS A GREAT GROUP OF PEOPLE TO WORK WITH. I WANT TO SAY THANK YOU TO CARLTON, ANGIE, RAELYNN, AND CHRIS WHO HAVE HELPED ME GET UP TO SPEED ON ON A LOT OF THINGS VERY QUICKLY. AND SO JUST GAUGING BY THE ASSISTANCE THAT I'VE ALREADY GOTTEN FROM THEM, I KNOW WE'VE GOT A GREAT GROUP TO LEAD US THROUGH SOME, SOME OF THE GROWTH. AND AS CARLTON MENTIONED, HE HAD ASKED ME THROUGH MY INTERVIEW PROCESS TO CREATE A PRESENTATION FOR MY STRATEGY FOR MY FIRST YEAR AS ECONOMIC DEVELOPMENT MANAGER. AND THAT'S WHAT YOU HAVE IN FRONT OF YOU TODAY. WHAT I PLAN TO TALK ABOUT ARE SOME OF THE GUIDING PRINCIPLES THAT HELPED ME CREATE THIS STRATEGY A FIRST YEAR ROADMAP. AND I BREAK THESE DOWN BY QUARTERS AND THEN KEY PERFORMANCE INDICATORS. HOW DO WE KNOW IF WE'RE ON TRACK? AND THEN AN IDEAL STATE OF OPERATIONS. SO A FEW OF THE GUIDING PRINCIPLES THAT I USE TO, TO DEVELOP THIS STRATEGY WAS ONE STAKEHOLDER INPUT AND DATA. I WANT THE STRATEGY TO BE BASED ON DATA TO ENSURE THAT WE'RE DOING EVERYTHING BASED ON MARKET REALITIES. I WANTED IT TO BE BASED ON RETENTION AND ATTRACTION. I WANTED TO MAKE SURE THAT OUR BUSINESSES THAT WE HAVE HERE FEEL THAT THEY ARE GETTING THE RESOURCES THAT THEY NEED, AS WELL AS GOING AFTER NEW BUSINESSES AS WELL. I WANTED THE GOALS TO BE MEASURABLE, BUT SINCE THIS PRESENTATION WAS PUT TOGETHER BEFORE I WAS ACTUALLY IN THE CITY AND UNDERSTANDING ALL OF THE PROCESSES THAT WE HAVE, I WANTED IT TO BE FLEXIBLE AND ADJUSTABLE. AND THEN LASTLY, I WANTED TO BUILD LONG TERM PARTNERSHIPS AND ADVOCATES. ONE OF MY BIGGEST GOALS HERE IS TO NOT ONLY HAVE THE EDC SPEAKING AS ADVOCATES FOR OUR GROWTH, BUT ALSO OUR COMMUNITY, OUR RESIDENTS, AND OUR BUSINESSES. WHENEVER THEY GO OUT AND SPEAK TO TO THEIR CONSTITUENTS. ONE QUOTE THAT I SAW IN THE STRATEGIC PLAN IS THERE AT THE BOTTOM FOR YOU AS TERRELL IS NOT STARTING FROM SCRATCH. THE CITY IS BEGINNING FROM A PLACE OF STRENGTH, ONE THAT REFLECTS YEARS OF LEADERSHIP, COLLABORATION, AND STEADY MOMENTUM. AND THAT STOOD OUT TO ME BECAUSE COMING IN AND HAVING THIS STRATEGY, I KNOW THAT I'M NOT BUILDING ANYTHING NEW HERE. I'M JUST ADDING ON TO SOMETHING THAT IS ALREADY DOING GREAT. [00:15:04] SO IN MY FIRST QUARTER, THE FOCUS IS ASSESSMENT AND ALIGNMENT. THIS IS ME UNDERSTANDING WHAT MY ROLE IS HERE AS ECONOMIC DEVELOPMENT MANAGER AND LEARNING WHAT EVERYBODY ELSE'S ROLES AND HOW WE CAN WORK TOGETHER AND EVALUATING WHAT RESOURCES WE HAVE, LOOKING AT OUR BUDGET, IDENTIFYING WHAT SOFTWARES WE HAVE AND WHAT PARTNERSHIPS ARE ALREADY IN PLACE. I'VE ALREADY BEEN WORKING WITH RAELYN AND CHRIS AND CARLTON TO, UNDERSTAND OUR ZONING, OUR POLICIES, PAST INCENTIVES AND DEVELOPMENT AGREEMENTS TO TRY TO GET UP TO SPEED. AND FOR ME TO BETTER UNDERSTAND THE CITY AND NAVIGATE IT, I GOT TO WORK ON PUTTING A DATABASE OF AVAILABLE SITES TOGETHER THAT HELPS ME UNDERSTAND THE LAYOUT. AND THEN HERE I'VE ALREADY STARTED THESE. THESE ARE STAKEHOLDER ENGAGEMENT MEETINGS SETTING UP MEETINGS TO, TO BETTER UNDERSTAND WHAT OUR BUSINESSES ARE SEEING IN THE MARKET WHAT OUR INVESTORS DEVELOPMENT COMMUNITY ARE SEEING. AND HOPEFULLY JUST GETTING A BETTER GAUGE ON, ON WHAT'S OCCURRING HERE IN TERRELL. AND THEN AT THE END OF EACH QUARTER, I HAVE AN OUTCOME, AND THIS IS WHAT I HOPE TO BRING BACK TO THE BOARD AT THE END OF MY FIRST QUARTER, I PLAN TO BRING BACK A Q ONE ASSESSMENT. THIS IS A SWOT ANALYSIS AND KEY FINDINGS AND RECOMMENDATIONS OF WHAT I SEE COULD POTENTIALLY HELP US ACCOMPLISH THESE GOALS AS WELL AS BE MORE EFFICIENT. IN QUARTER TWO. MY FOCUS WILL BE OPPORTUNITY IDENTIFICATION. THESE ARE LOOKING AT SOME OF THE QUICK WINS. IF THERE IS A SOFTWARE IMPROVEMENT THAT COULD HELP US BE MORE EFFICIENT. I'LL RECOMMEND IT TO THE BOARD. EVEN SOME POLICY AND PROGRAM OFFERINGS. JUST STARTING THAT CONVERSATION TO SEE WHAT WE CAN DO AS AN EDC. BUILDING A PIPELINE. YOU'LL SEE THIS THROUGHOUT THE QUARTERS FOLLOWING REALLY AFTER BUILDING THOSE STAKEHOLDER MEETINGS AND IDENTIFYING AVAILABLE SITES, CONNECTING THOSE THOSE INDIVIDUALS TO SITES A MONTHLY DEVELOPMENT UPDATE IS ONE THING I THINK IS VERY IMPORTANT FOR THE DEVELOPMENT COMMUNITY TO SEE WHAT IS TAKING PLACE IN THE CITY. SO THAT WAY, YOU KNOW, WHENEVER WE'RE ANSWERING CALLS, THEY ALWAYS WANT TO KNOW WHAT WHAT'S GOING ON IN TERRELL. AND WE WILL HAVE A DOCUMENT FOR THEM THAT BASICALLY THEY CAN FIND THAT THAT ANSWERS THAT FOR US. AND THEN NEW PROGRAM POTENTIAL. THIS IS A BE OUR FOCUS, BUT ALSO AN ENTREPRENEURIAL FOCUS GIVING RESOURCES TO OUR LOCAL BUSINESSES AND NEW BUSINESSES. THIS CAN BE QUICKBOOKS BUSINESS PLANNING, FINANCIAL MODELING. I KNOW FOR SOME STAFFING AND THEN DEVELOPING A COHORT OUT OF THAT. SO WHERE OUR BUSINESSES FEEL LIKE THEY DON'T ALWAYS HAVE TO GO TO THE CITY OR THE EDC, BUT THEY HAVE A GROUP OF INDIVIDUALS THAT CAN HELP THEM START AND GROW BUSINESSES HERE IN TERRELL. YOU CAN SEE SOME OF THE OUTCOMES THERE BRINGING BACK A FEW OPPORTUNITIES TO THE BOARD FOR CONSIDERATION, DRAFTING THAT DEVELOPMENT UPDATE FOR THE BOARD REVIEW FORMAL PROPOSAL FOR A LOCAL BUSINESS SUPPORT INITIATIVE, AND THEN A TERRELL ENTREPRENEURSHIP CONNECTION EVENT. IN QUARTER THREE. I'LL FOCUS ON PIPELINE AND PROJECT DEVELOPMENT. GOING THROUGH ALL THIS, THIS IS ESSENTIALLY, YOU KNOW, CONNECTING OUR DEVELOPMENT COMMUNITY TO POTENTIAL SITES AND GROWING THAT DATABASE AND BUILDING THOSE CONNECTIONS. ONE THING I THINK IS IMPORTANT IS US GOING TO THE DEVELOPERS IN SOME CASES WE DO HAVE A LOT OF PEOPLE COMING HERE TO TAROT, BUT I THINK IT'S ALWAYS GOOD FOR US TO SHOW HOW INVESTED WE ARE IN BRINGING THEM HERE. SO WHETHER IT BE DALLAS OR SOME OTHER CITY, WE CAN SHOW THAT WE'RE ACTIVELY ENGAGED IN ATTRACTION AND HOSTING EVENTS WHERE THEY'RE AT. AND THEN LASTLY, HERE I HAVE WORKFORCE WORKING GROUP. I HAVE THIS IN THE THIRD QUARTER AND NOT EARLIER JUST BECAUSE I NEED TIME TO MEET WITH OUR STAKEHOLDERS, BETTER UNDERSTAND WHAT CHALLENGES THEY ARE FACING. AND THEN ONCE I HAVE A BETTER UNDERSTANDING, I HOPE THAT THIS WORKFORCE WORKING GROUP ALLOWS ME TO COME WITH SOME ACTIONABLE ITEMS THAT THE GROUP CAN CONSIDER. AND THEN A FEW OUTCOMES THERE. A SUMMARY OF MY FINDINGS FROM A DEVELOPER ROUNDTABLE. SUMMARY OF FINDINGS FROM THE WORKFORCE WORKING GROUP AND A PROPOSED BUSINESS DEVELOPMENT CALENDAR FOR SOME OF THOSE NETWORKING EVENTS. IN QUARTER FOUR. THIS IS EVALUATION AND ADVANCEMENT OF THE PREVIOUS THREE QUARTERS. AND THIS IS LOOKING AT THE SOFTWARE UPDATES, SOME OF THE OPPORTUNITIES THAT I FOUND BEFORE SEEING HOW WE CAN USE THOSE TO INCREASE EFFICIENCY, CULTIVATING CITY BUY IN. AS YOU CAN SEE, MY QUARTERS AREN'T NECESSARILY LINED UP WITH THE FISCAL QUARTERS. [00:20:02] SO A YEAR FROM NOW, MAKING SURE THAT WE ARE ALIGNED WITH THE CITY CIP PROJECTS TO MAKE SURE THAT WE'RE ALSO ALIGNING THEM WITH EDC PRIORITIES AND THEN CONDUCTING FIELD TRIPS. I THINK THERE'S A LOT OCCURRING IN IN TERRELL AND BUILDING A UNIFIED VISION OF WHAT WE ARE GOING AFTER. AND THERE'S, YOU KNOW, THERE'S TALKS OF, YOU KNOW, WHETHER IT'S A MIXED USE DEVELOPMENT OR OFFICE OR ANY SORT OF COMMERCIAL DEVELOPMENT. WELL, IT'S ONE THING TO SAY IT, IT'S ALSO ANOTHER THING TO ACTUALLY SEE IT. AND I WANT US TO SEE AND FEEL WHAT WE, WE ARE GOING AFTER AND THEN HOLDING JOINT MEETINGS. SO THAT WAY WE CAN ALL HAVE A SHARED VISION OF WHAT WE'RE, WE'RE TRYING TO ACCOMPLISH HERE. SOME OF THE OUTCOMES HERE ARE YEAR END IMPACT REPORT, A STRATEGY REFINEMENT, LOOKING AT SOME OF THE KPIS AND REFINING THOSE, AND THEN A TABLE IN THE NEW STRATEGY, MAKING SURE THAT WE ARE TOP OF MIND IN THE DEVELOPMENT COMMUNITY. AND THIS IS NEW INITIATIVES THAT WE HAVE POSSIBLE PROGRAMS FOR INCENTIVES AND SO ON AND SO FORTH. SO HOW DO WE KNOW IF WE'RE ACCOMPLISHING SOME OF THESE THINGS? WHAT I WOULD SAY IS INCREASED EFFICIENCY, ESTABLISHED RELATIONSHIPS. I PERSONALLY AM BUILDING TRUST IN THE COMMUNITY, HOPEFULLY IN MEETING WITH KEY COMMUNITY STAKEHOLDERS ACTIVE AND MANAGED PIPELINE. WE'RE CONNECTING THE DEVELOPMENT COMMUNITY TO AVAILABLE SITES QUICKER AND TO SHARE VISIONARY MINDSET. IT'S NOT JUST THE EDC THAT'S BUILDING ON THIS VISION, IT'S THE COMMUNITY AS A WHOLE. STRONGER BUSINESS ENGAGEMENT AND THEN VOCAL ADVOCATES. SO WHAT RESOURCES WILL I NEED TO ACCOMPLISH THIS? BOARD ENGAGEMENT. I'M OPEN TO OPEN AND HONEST COMMUNICATION. IF I'M GOING IN THE WRONG DIRECTION, LET ME KNOW. I'M HAPPY TO SIT DOWN AND DISCUSS SOME OF THOSE THINGS. AT THE END OF THE DAY, I'M WORKING FOR THE EDC, I'M WORKING FOR THE COMMUNITY, AND I'M HERE TO DO WHAT IS WHAT IS BEST FOR THE COMMUNITY. ONE THING THAT I WOULD SAY IS SOMETIMES A CHALLENGE IS HAVING A VISIONARY FOCUS. INSTEAD OF A MANAGEMENT FOCUS, WE'VE GOT A LOT OF BUSINESS HERE TODAY. WE'RE DOING A LOT OF GREAT THINGS, BUT WE'RE ALSO WORKING FOR 20 YEARS DOWN THE ROAD. WHAT DOES TARA LOOK LIKE IN 20 YEARS? AND SOMETIMES IT'S HARD TO, TO SHIFT FROM THE SHIFT FROM THAT AND THEN FROM THE BOARD. HOPEFULLY WE HAVE SOME ADVOCATES, PEOPLE WHO ARE SPEAKING ON BEHALF OF THE EDC. IT'S NOT JUST STAFF, THE CHAMBER OR THE EDC THAT'S SPEAKING GREATLY ABOUT THE CITY, BUT WE HAVE COMMUNITY MEMBERS, BUSINESS MEMBERS THAT ARE SPEAKING FOR US AS WELL. ORGANIZATIONAL SUPPORT. I DON'T THINK WE'RE GOING TO HAVE ANY PROBLEM HERE. CARLETON, ANJI, RAYLAN AND CHRIS, THE ONES THAT I'VE WORKED WITH CLOSELY SO FAR HAVE ALL BEEN VERY SUPPORTIVE. AND WE'RE, I THINK WE'RE HEADING IN A GOOD DIRECTION. I HAD BRE SPECIALISTS IN HERE BECAUSE I STILL WANTED TO ENSURE THAT WE ARE FOCUSING ON THE BUSINESSES THAT WE HAVE HERE AND MAKING SURE THAT THEY DO HAVE THE RESOURCES TO BE SUCCESSFUL AS AN INVESTMENT. THIS IS REALLY MORE OF A BUDGET DISCUSSION, BUT AS WE IDENTIFY OPPORTUNITIES TO INCREASE EFFICIENCY, WE'RE BEING OPEN TO SOME OF THESE DIFFERENT SOFTWARES TO MAKE SURE THAT WE ARE DATA DRIVEN AND MARKET DRIVEN. AND THEN PROFESSIONAL DEVELOPMENT, JUST ALLOWING US TO GO TO TDC, IDC, AND DIFFERENT CONFERENCES TO STILL BE CAUGHT UP ON WHAT'S GOING ON IN OUR INDUSTRY. SO THAT WAY WE CAN CONTINUE DOING GREAT THINGS. MY CLOSING THOUGHTS HERE IS THAT THERE IS NO I IN TERRELL. THIS IS A, YOU KNOW, A GREAT COMMUNITY SO FAR THAT I THAT I CAN TELL. AND HONESTLY, IT WAS ONE OF THE REASONS THAT I DECIDED TO, TO MOVE HERE. VERY CLOSE KNIT AND I'M HAPPY TO BE A PART OF IT. AND IT WILL TAKE EVERYBODY TO ACCOMPLISH THIS STRATEGY. THERE WILL BE A LEARNING CURVE FOR MYSELF. THERE'S, THERE'S THINGS THAT ARE DONE HERE THAT I GOT TO BE CAUGHT UP ON DEVELOPMENT AGREEMENTS AND SO ON. AND I'VE GOT TO HAVE TIME TO REVIEW THOSE. SO THAT WAY I CAN MAKE A GOOD IMPACT ON THE CITY. AND THEN LASTLY, THE ONLY WAY TO CHANGE IS TO CHANGE. AND IF THERE'S SOMETHING THAT WE CAN IMPROVE ON, WHETHER THAT BE EFFICIENCY SOFTWARES. EVEN SOME OF THE POLICIES THAT WE HAVE WE GOT TO BE OPEN TO LOOKING AT THOSE TO SEE IF THERE'S OPPORTUNITIES TO IMPROVE. SO WITH THAT YOU KNOW, AGAIN, I, I'M VERY EXCITED TO BE HERE. IT'S BEEN A GREAT HONOR TO, TO MEET EVERYBODY AND I'LL CONTINUE HAVING STAKEHOLDER ENGAGEMENT. I'VE GOT TO MEET WITH EACH OF Y'ALL AS WELL. BUT I'LL OPEN IT UP TO QUESTIONS IF YOU HAVE ANY. HOW LONG HAVE YOU BEEN HERE? OKAY. I THINK THAT YOU PROBABLY HAVE. [00:25:01] I THINK YOU PROBABLY HAVE A WINDOW OF PROBABLY ABOUT ANOTHER 6 TO 8 WEEKS BEFORE EVERYTHING THAT YOU SEE IS JUST THE WAY THAT IT'S ALWAYS BEEN DONE. AND SO I JUST WANT TO MAKE SURE THAT WE'RE TAKING ADVANTAGE OF YOUR FRESH EYES. AND SO YOU'VE BEEN HERE FOR A COUPLE OF WEEKS. YOU MENTIONED THE SOFTWARE THING A FEW TIMES. THAT'S SOMETHING THAT KIND OF STANDS OUT AS LIKE, HEY, MAN, THIS, THIS HAS GOT TO GET BETTER. I'M JUST CURIOUS IF THERE ARE ANY OTHER OBSERVATIONS THAT YOU HAVE THAT ARE KIND OF LIKE THAT, WHETHER IT'S FROM, YOU KNOW, WHETHER IT'S METHOD OF OPERATION, YOU KNOW, KIND OF STRUCTURAL, SYSTEMATIC THINGS LIKE IS THERE LIKE YOU'RE NOT GOING TO HAVE THIS PERSPECTIVE FOR VERY LONG. AND SO I JUST WANT TO TAP INTO THAT RIGHT NOW WHILE WE HAVE THAT OPPORTUNITY. WHAT DO YOU SEE? THAT'S JUST LIKE, IF WE WANT TO DO ALL THE THINGS THAT WE'RE TALKING ABOUT, THIS IS THESE ARE THINGS THAT I RECOGNIZE THAT PROBABLY NEED TO BE DIFFERENT. SURE. SO FIRST, AS A BACKGROUND TO MYSELF, I'M COMING FROM THE CITY OF SALINA. IT'S THE FASTEST GROWING CITY IN THE NATION AS OF RIGHT NOW. AND SO THERE ARE A LOT OF THINGS THAT ARE, ARE DONE DIFFERENTLY THAN, THAN HERE IN TERRELL. THERE ARE SOME THINGS THAT I WOULD SAY YOU KNOW, IT STANDS OUT TO ME. AS YOU KNOW, I DID IT DIFFERENTLY IN MY PREVIOUS CITY. HOWEVER, I DON'T WANT TO WRITE THAT OFF AS IT'S DONE INCORRECTLY OR THAT IT'S YOU KNOW, NOT THE, THE BEST METHOD. EVERYBODY'S GOT THEIR OWN CHALLENGES. EVERYBODY'S GOT A HISTORY OF WHY THINGS ARE DONE. I THINK OVER THE NEXT THREE MONTHS AND LONGER, IT'S, IT'S AN OPPORTUNITY FOR ME TO ASK WHY. AND THEN AFTER THAT, ONCE I'M MORE EDUCATED ON, ON WHY THINGS ARE DONE A CERTAIN WAY, THEN I THINK I CAN GO FORWARD AND START ADJUSTING OR MAYBE RECOMMENDING CHANGES BECAUSE I HAVE FRESH EYES. YEAH. LET ME REFRAME. I LIKE THE WAY YOU SAID THAT, THAT THERE ARE SOME THINGS THAT YOU'RE LOOKING AT THAT YOU SAY LIKE, OKAY, THESE ARE THINGS THAT I WOULD WANT TO ASK WHY I DON'T LIKE NUMBER ONE, YOU'RE NOT GOING TO HURT ANYBODY'S FEELINGS IN HERE, MAN. AND SO YOU DON'T HAVE TO, YOU KNOW, I MEAN, I DON'T THINK YOU WOULDN'T HAVE TAKEN THE JOB IF YOU WOULD HAVE THOUGHT THAT THIS WAS, YOU KNOW, SOME PLACE THAT COULDN'T BE SAVED OR COULDN'T BE FIXED OR COULDN'T BE IMPROVED. RIGHT. SO, I MEAN, WE YOU'RE NOT GOING TO HURT OUR FEELINGS, BUT JUST I'M JUST KIND OF WONDERING, LIKE TOP OF MIND, WHAT ARE A COUPLE OF THINGS THAT YOU HAVE LOOKED AT AND YOU ARE ALREADY ON YOUR LIST OF KIND OF ASKING WHY? OKAY. SO I, YOU KNOW, AND THIS IS JUST OFF OF FIRST GLANCE I'M LOOKING AT INCENTIVE OPPORTUNITIES RESOURCES TO OUR BUSINESSES. ONE THING THAT I DO SEE A CHALLENGE FOR, ESPECIALLY FOR OUR BUSINESSES AND REDEVELOPMENT IS POTENTIALLY OUR, OUR TYPE B, IT'S LIMITED TO OUR DOWNTOWN. THERE'S A LOT OF VACANCIES IN OUR TOWN. AND AS YOU KNOW, THE, THE EDC AS OF RIGHT NOW IS A TYPE A, AND THAT LEAVES A WIDE AREA OF POTENTIAL BUSINESSES THAT COULD LOCATE HERE THAT DON'T HAVE A LOT OF FINANCIAL SUPPORT FROM THE CITY OR THE EDC. AND SO WHILE I BRING THAT UP NOW, THERE'S STILL A LOT OF RESEARCH THAT NEEDS TO BE DONE IN THAT TO BETTER UNDERSTAND THE IMPACTS OF THAT. BUT THAT IS ONE THAT IS ONE THING THAT I'VE NOTICED IN MY SHORT TIME HERE IS THAT I THINK WE HAVE TO LET OUR BUSINESSES KNOW THAT NO MATTER WHERE THEY GO IN TERRELL, THEY WILL BE SUPPORTED. I DON'T WANT TO TAKE THE FOCUS DOWNTOWN BECAUSE I'LL TELL YOU, THAT IS ONE OF MY THAT'S NOT THE POINT I'M TRYING TO MAKE AT ALL. I IN SALINA, I HELPED REBUILD THAT DOWNTOWN. AND THAT IS A PASSION THAT I HAVE. AND I DEFINITELY THINK THAT'S A GREAT THING. AND IT'S UNIQUE AND IT'S WHAT PEOPLE WILL COME TO OUR CITY FOR. BUT THERE'S A LOT OF OTHER OPPORTUNITIES IN THIS CITY. AND I JUST THINK THAT WE'VE GOT TO MAKE SURE THAT THEY HAVE RESOURCES TO BE SUCCESSFUL. IF I CAN JUST NAME ONE THING THAT MAY BE THE FIRST ON THE DATA SIDE. IF I COULD JUMP IN THERE. TRAVIS, YOU KNOW, OUR DATA DEALS BASICALLY BEEN, AS YOU CAN TELL FROM REPORTS OR EXCEL SPREADSHEETS. AND I TOLD TY TO MAKE THIS HIS OWN, FIGURE THIS OUT, MAKE IT HIS OWN. BECAUSE IT'S A, IT'S A LONG TERM DEAL THAT WILL OUTLAST ME. AND SO IT NEEDS TO BE YOU KNOW, THE RIGHT, THE RIGHT DATA TRACKING CAPABILITIES. SO WHY I'VE WAITED TO DO IT. I KNEW WE WERE GOING TO BE MAKING A HIRE. THEY NEED TO MAKE IT THEIR OWN. AND THAT'S, YOU KNOW, HE'S BROUGHT IT UP A COUPLE OF TIMES AND HE'S I THINK THERE'S ALREADY A COUPLE OF APPOINTMENTS YOU MAY HAVE IN THE FUTURE TALKING TO THESE DATA PEOPLE. SO I KNOW HE'S ALREADY STARTED ON THAT PROCESS. THE THE OTHER THING, THIS IS JUST A, JUST A RECOMMENDATION, SOMETHING THAT I, I DON'T HAVE A LOT OF EXPERIENCE OUT OF JUST [00:30:03] KNOWING TERRELL A LITTLE BIT, BUT IT'S SOMETHING THAT SEEMS REALLY COOL AND UNIQUE ABOUT TERRELL IS THAT EVERYBODY IS PULLING. THERE'S A LOT OF THESE ORGANIZATIONS THAT ARE ALL PULLING IN THE SAME DIRECTION. YOU KNOW, THE SCHOOL DISTRICT, THE CITY, THE CHAMBER, THE EDC. IT'S LIKE EVERYBODY PADDOCK. WE'RE ALL KIND OF ON THE SAME TEAM, WHICH I THINK IS GREAT. SOMETHING I THINK YOU SHOULD LOOK OUT FOR IS THAT AS YOU WERE GOING FORTH AND TRYING TO MAKE A LOT OF THESE THINGS HAPPEN, I WOULD LOOK FOR PLACES WHERE YOU THINK THAT THERE MIGHT BE TOO MANY COOKS IN THE KITCHEN, OR PLACES WHERE YOU THINK THAT ACCOUNTABILITY AND OWNERSHIP IS NOT REAL CLEAR. AND, AND AGAIN, I THINK THAT MAYBE SOME OF YOUR EXPERIENCE OF WORKING IN A PLACE THAT WAS GROWING REALLY FAST, MAYBE YOU HAVE MAYBE YOU HAVE HAD A FRONT ROW SEAT FOR SOME OF THOSE LINES GETTING BLURRY. AND SO ANYWAY, I THINK THAT'S SOME VALID, VALUABLE EXPERIENCE YOU COULD TAKE. SO WE CERTAINLY WANT TO TAKE ADVANTAGE OF LIKE, I THINK IT'S ONE OF THE BEST ASSETS THAT TERRELL HAS IS THAT EVERYBODY REALLY DOES SEEM TO BE PULLING IN THE SAME DIRECTION. WE DON'T HAVE THE INFIGHTING THAT SEEMS TO HAPPEN AT A LOT OF OTHER PLACES, BUT THERE'S DOWNSIDE TO THAT, TOO. AND SOMETIMES I THINK WE ALL ARE TRYING TO BE A LITTLE TOO HELPFUL TO ONE ANOTHER, AND MIGHT NOT LEAD TO THE CLARITY THAT WE NEED TO GET EVERYTHING DONE. WE WANT TO. SO JUST BE ON THE LOOKOUT FOR THAT. YOUR GREATEST STRENGTH IS WHEN YOU HAVE A REAL STRONG TEAM. YOU HAVE GOOD THINGS. YEAH. AND WE ALL THINK THE SAME. THAT'S RIGHT. IT'S NOT GOOD SOMETIMES. SURE. AND AND AS A FOLLOW UP, THAT SWOT ANALYSIS THAT I HAVE IN THAT Q ONE REPORT, I DO HOPE TO IDENTIFY SOME OF THOSE THINGS THAT YOU KNOW, IS JUST AN OBSERVATION, BUT IS, IS SOMETHING THAT I HAVE IDENTIFIED AS EITHER A CHALLENGE OR MAYBE A WEAKNESS OF THE CITY. SO DO YOU WANT TO HEAR THAT? YEAH. I THINK WE HAD READ ENOUGH OF WHAT TRAVIS SAID BECAUSE YOU COME FROM ANOTHER COMMUNITY. THAT'S NOT TERRIBLE. WE TALK ABOUT DIVERSE THOUGHT, DIVERSE PERSPECTIVES, DIVERSE THINKING. LIKE, I'M SO EXCITED TO SEE WHAT YOU'RE GOING TO DO IN YOUR ROLE OVER THE NEXT YEAR, SO I'M LOOKING FORWARD TO IT. EXCITED TO BE HERE. AND THEN, AS CARLETON SAID, THE DATA ISN'T JUST FOR THE EDC. IT'S IT'S FOR OUR DECISION MAKERS TO MAKE INFORMED DECISIONS AS WELL. AND SO THAT IS MY GOAL TO MAKE SURE THAT OUR LEADERSHIP HAS THE DATA THEY NEED TO MAKE INFORMED DECISIONS FOR THE CITY. SO JUST ONE MORE QUICK QUESTION. WHY DID YOU TURN DOWN THE COUNTEROFFER AND DECIDE TO COME? THEY TRIED TO KEEP YOU RIGHT? YEAH. SO I MEAN, I JUST I MEAN, LIKE, LOOK, I MEAN, I WAS ASKING YOU TO KIND OF BASICALLY LIKE, YOU KNOW, HEY, TELL US EVERYTHING THAT'S BAD AND WRONG. BUT I DON'T KNOW, YOU OBVIOUSLY SAW SOMETHING, BUT, YOU KNOW ONE, MY, MY FAMILY HAS BEEN TRYING TO, TO GET IN THE AREA FOR SOME TIME. THE ONE THING THAT REALLY STOOD OUT TO ME WAS IN THE INTERVIEW PROCESS. I HAD PROBABLY 20, 25 PEOPLE IN THAT ROOM WANTING TO LEARN ABOUT ME AND NOT JUST WHAT I'M GOING TO DO FOR THEIR BUSINESS. BUT THEY WANTED TO KNOW ABOUT ME PERSONALLY. MY FAMILY AND I HAD ALREADY FELT CONNECTED BEFORE I WAS EVEN A PART OF THE CITY IN MY PREVIOUS CITY. YOU KNOW, IT FELT PRETTY TRANSACTIONAL. I DIDN'T FEEL LIKE I WAS INVOLVED IN THE COMMUNITY. I WAS GOING TO ALL THE EVENTS AND I WAS, PEOPLE DIDN'T KNOW MY NAME. AND I LOOK IN THE CROWD TODAY AND THERE'S PEOPLE THAT I, THAT WERE THERE, THAT, THAT FIRST BREAKFAST THAT I HAD AND JUST IN THE FIRST WEEK, I ALREADY KNOW THAT I MADE THE BEST DECISION I COULD HAVE JUST BECAUSE MY FAMILY AND I WANT TO BE CONNECTED. WE WANT TO BE A PART OF A COMMUNITY WHERE WE CAN, YOU KNOW, PLAN OUR ROUTES IN. AND YOU KNOW, THERE'S, THERE'S NOT A PRICE YOU CAN PUT ON, ON THOSE THINGS. AND SO THAT'S WHY I MADE THAT DECISION. MOST IMPORTANTLY, WHAT COLLEGE FOOTBALL TEAM DO YOU YELL FOR ON SATURDAY AFTERNOON? THIS MAY BE UNIQUE IN THIS AREA, BUT A HORNED FROG. SO TCU YOU EVER HAVE ONE? I WAS ABOUT TO SAY I THINK YOU GOT A LOT OF AGGIES IN THERE. I WATCH WHAT I SAY. YEAH. I FIGURED THAT WOULD BE. AND THEN THERE GOES MY CREDIBILITY. ALL RIGHT SO GOOD SPEECH. THANK YOU THANK YOU. ALL RIGHT. THANK YOU. THANK YOU TODD. NOW WE'LL GO TO ITEM NUMBER 5.5, A PRESENTATION BY MATT WARNOCK. SO THOSE OF YOU THAT DON'T KNOW MATT. YES, HE IS RELATED TO OUR SUPERINTENDENT. MATT IS A GRADUATE OF A UNIVERSITY KIND OF SOUTHEAST OF HERE IN COLLEGE STATION. HE HAS A BACHELOR'S DEGREE THERE AND IS WORKING ON HIS MASTER'S IN ENTREPRENEURIAL LEADERSHIP. [00:35:01] AND SO WHEN I HEARD THAT WE NEEDED SOME RESEARCH DONE ON HOW TO DO AN ENTREPRENEURIAL CENTER, BECAUSE AS WE CAME UP IN OUR STRATEGIC PLAN, THE ONE THING, IF Y'ALL REMEMBER I TOLD YOU IS, MAN, I DON'T HAVE A CLUE HOW TO DO THIS. AND SO WE STARTED THAT. MATT STARTED THAT PROCESS, AND HE'S GOING TO TAKE ABOUT 5 OR 6 MINUTES AND SHOW YOU WHAT HE'S FOUND. MATT. GOOD MORNING. MY NAME IS MATTHEW WARNOCK. TODAY I'M GOING TO BE PRESENTING MY RESEARCH ON THE POTENTIAL ENTREPRENEURIAL CENTER IN TERRELL. SO THE PRIMARY PURPOSE FOR THE CENTER IS TO BUILD A SPACE THAT SUPPORTS THE GROWTH OF SMALL BUSINESSES AND ENTREPRENEURS BY GIVING THEM RESOURCES, WORKSPACE, AND OPPORTUNITIES THAT THEY MIGHT OTHERWISE NOT BE ABLE TO REACH. THE CENTER WOULD ALSO INCREASE PUBLIC ACTIVITY BY CREATING AN ENVIRONMENT WHERE ENTREPRENEURS, STUDENTS, PROFESSIONALS AND COMMUNITY MEMBERS CAN JOIN TOGETHER FOR EVENTS AND TRAINING AND COLLABORATION. ANOTHER GOAL WOULD BE ATTRACTING NEW TALENT, RETAINING OLD TALENT AND ENCOURAGING ENTREPRENEURSHIP WITHIN TERRELL. THIS IS NOT JUST ABOUT CREATING NEW OFFICE SPACE, IT'S ABOUT CREATING A SETTING THAT WHERE BUSINESSES CAN CONNECT, LEARN AND CONTRIBUTE TO THE LONG TERM ECONOMIC GROWTH OF THE COMMUNITY. ALL RIGHT. I, I DID A BUNCH OF RESEARCH ON SOME VARIOUS CENTERS, BUT THE ONE I FOCUS MOST ON IS DOS GREENHOUSE IN BOERNE, TEXAS, BECAUSE OF ITS SIZE COMMUNITY AND MISSION, THEY'RE ALL MUCH MORE COMPARABLE TO WHAT COULD BE REALISTICALLY DEVELOPED IN TERRELL. MUCH LIKE TERRELL, IT'S A GROWING COMMUNITY THAT'S FOCUSED ON SUPPORTING LOCAL BUSINESSES AND ENCOURAGING ECONOMIC DEVELOPMENT. IT'S AROUND 4700 TO 4800FT², WHICH MAKES IT MUCH MORE COMPARABLE IN SIZE. AND EVEN WITH LIMITED SPACING, THEY'RE ABLE TO OFFER A VARIETY OF RESOURCES, INCLUDING PRIVATE OFFICES CO-WORKING SPACE, MEETING ROOMS, AND MAILBOXES. BUT WHAT REALLY MAKES DOSS GREENHOUSE STAND OUT IS IT'S NOT THE BUILDING ITSELF, IT'S THE, THE PROGRAMS THAT THEY OFFER. SO DOSS GREENHOUSE SUPPORTS THEIR ENTREPRENEURIAL ENTREPRENEURS BEYOND JUST PROVIDING WORKSPACE. I'VE LISTED THREE OF THEIR THREE EXAMPLES OF THEIR PROGRAMS THAT THEY USE. BUT THE ONE THAT I FIND MOST INTERESTING IS THEIR STUDENT ENTREPRENEURSHIP INITIATIVE. THIS INITIATIVE CONNECTS STUDENTS WITH ENTREPRENEURS, BUSINESS LEADERS, AND EXPERIENCED PROFESSIONALS IN ORDER TO DEVELOP THAT LOCAL TALENT AND ALSO JUST KEEP THEM ENGAGED WITH THE COMMUNITY. WHAT I TOOK AWAY FROM RESEARCHING GREENHOUSE THAT IT'S ITS SUCCESS ISN'T DRIVEN BY ITS SIZE. IT'S DRIVEN BY THE QUALITY OF ITS PROGRAMS. AFTER RESEARCHING COMPARABLE CENTERS, I CREATED THIS LIST OF FEATURES THAT ARE COMMONLY FOUND ACROSS SUCCESSFUL FACILITIES. BUT IT ULTIMATELY JUST COMES DOWN TO THE COMMUNITY GOALS, AVAILABLE SPACE AND BUDGET. WHILE THE FACILITY ITSELF IS IMPORTANT, I FOUND THAT THE PROGRAMS AND SERVICES ARE TRULY WHAT MAKE A CENTER SUCCESSFUL. THESE EXAMPLES REPRESENT SOME OF THE MOST COMMON PROGRAMS THAT ARE OFFERED. THIS IS JUST TO GIVE A BASELINE OF IDEAS THAT CAN BE ADAPTED TO FIT THE NEEDS OF OF TERRELL. SO ULTIMATELY IT'S THE PROGRAMS, NOT JUST THE BUILDING THAT CREATE VALUE AND MAKE AN ENTREPRENEURIAL CENTER A RESOURCE FOR BUSINESSES TO CONTINUE TO USE. HERE I'VE RESEARCHED POTENTIAL COSTS OF NEW CONSTRUCTION, BUILDING THE COST OF RENOVATING AN EXISTING BUILDING. A COMPARISON OF THE TWO, ALONG WITH A POTENTIAL REVENUE BASED ON USER COSTS. BUT WE WON'T GO THROUGH THE NUMBERS TODAY. BUT IF ANY OF Y'ALL WANT TO CHECK THEM OUT THERE ON THE PRESENTATION. I ALSO EVALUATED THREE GENERAL LOCATION TYPES ALONG WITH THE PROS AND CONS OF THEM. THE LOCATION ULTIMATELY JUST DEPENDS ON THE LONG TERM GOALS OF THE PROJECT AND WHETHER THE PRIORITY IS DOWNTOWN REVITALIZATION, EASE OF DEVELOPMENT, OR LONG TERM GROWTH. ALL RIGHT. THIS IS A SLIDE OF THE POTENTIAL POSITIVE ECONOMIC IMPACTS OF THE CENTER. SUPPORTING STARTUPS, ATTRACTING YOUNG PROFESSIONALS, AND RETAINING LOCAL TALENT. THESE ALL SUPPORT THE GOALS OF THE EDC BY BRINGING GOOD PEOPLE IN AND KEEPING THEM, KEEPING THEM HERE. [00:40:03] THEN HEAR CHALLENGES, YOU KNOW, ANY ANY NEW IDEAS GOING TO COME WITH CHALLENGES? IN A CENTER LIKE THIS IS NO DIFFERENT. AN ENTREPRENEURIAL CENTER IS NOT FREE AND THERE'S NO REAL GUARANTEE OF ITS SUCCESS. MY KEY TAKEAWAYS THE SIZE OF THE CENTER DOES NOT MATTER. A SMALL CENTER CAN CREATE JUST AS MUCH OF AN IMPACT AS A LARGE ONE. ALSO, FLEXIBLE SPACES ARE ONE OF THE MOST COMMON THEMES THROUGHOUT THESE CENTERS. PROGRAMS AND EVENTS, ESPECIALLY FOR A TOWN OF THIS SIZE, IS CRITICAL FOR ITS SUCCESS. AND TO END, I, I DO BELIEVE THAT TERRELL WOULD BENEFIT FROM AN ENTREPRENEURIAL CENTER. IF THERE'S ANY QUESTIONS. ANY QUESTIONS FOR MATT? I THINK THIS IS A GREAT START TO STARTING TO PUT TOGETHER OUR ENTREPRENEURIAL SMALL BUSINESS CENTER AND GIVES US SOME GREAT IDEAS ON WHERE TO GO. THIS GIVES US YOU KNOW, OBVIOUSLY BERNIE LOOKS LIKE IT'S FIELD TRIP WORTHY TO GO TO GO SEE THAT JUST TO MAKE SURE THAT WE'RE HEADED IN THE RIGHT DIRECTION. I KNOW THAT TY AND MATT HAVE TALKED ABOUT WHERE TY, THE CONNECTION YOU HAD WAS FULSHEAR, TEXAS. YEAH. AND SO THERE'S ANOTHER ONE THERE THAT WE WILL GO LOOK AT. BUT I WANTED YOU GUYS TO SEE THIS, WHAT MATT'S BEEN WORKING ON FOR US TO HELP US GET STARTED ON TO HELP OUR SMALLER BUSINESSES AND OUR ENTREPRENEURS IN TERRELL. SO CAN I ASK A REALLY. I'M JUST GOING TO SAY THIS IS PROBABLY A VERY DUMB QUESTION, ESPECIALLY FOR SOMEONE WHO DID ALL OF THIS RESEARCH. CAN YOU GIVE ME A FEW EXAMPLES OF THE TYPES OF BUSINESSES THAT START IN AN ENTREPRENEURSHIP CENTER, AND THEN WHERE THEY END UP? I GUESS I'M HAVING A HARD TIME FOLLOWING IT FROM START TO FINISH. ON THE BUSINESS SIDE, MOST OF THE TIME IT'S JUST BUSINESSES WITH THEY HAVE AN IDEA. THEY JUST NEED TO LEARN THE STEPS TO LIKE MOVE IT ALONG SO THEY'LL, THEY'LL GO TO THE ENTREPRENEURIAL CENTER AND GET THE MENTORSHIP AND HELP THEY NEED. AND ONCE THEY GET ON THEIR OWN FEET, THEN THEY MOVE TO ANOTHER LOCATION. IF, IF THEIR BUSINESS IS GROWING ENOUGH, THEY'LL MOVE OUT AND START IT SOMEWHERE ELSE. DO WE? SORRY. SO DOES ANYONE HERE NO. LIKE EVER. LIKE WHAT WOULD BE AN EXAMPLE OF A BUSINESS LIKE THAT? YEAH. LIKE, ARE WE TALKING ABOUT SOFTWARE STARTUP OR I WANT TO OWN MY OWN RETAIL BUSINESS OR AUTO SHOP? I MEAN, I JUST, I, I'M MISSING WHAT THE IDEAS PEOPLE HAVE THAT ARE COMING INTO THE BUILDING. YOU KNOW, I THINK IT, IT VARIES TO JUST ABOUT ANYTHING. OKAY. LIKE ANY IDEA SOMEONE HAS, IF THEY THINK IT COULD BE SUCCESSFUL, THEN THEY'LL, THEY'LL RENT OUT A SPACE. I'M THINKING A LOT OF PEOPLE START THESE WORKING FROM HOME AT A HOME OFFICE, AND THIS GETS THEM OUT OF THE HOUSE. BECAUSE IT'S SO EASY IF YOU WORK FROM HOME TO BE IN HOME MODE. SO THIS GETS THEM TO WHERE THEY'RE GOING INTO. I JUST THINK IT'LL BE IMPORTANT WHEN WE TALK TO THE TAROT COMMUNITY THAT WE HAVE SOME EXAMPLES THAT WAY. IF I'M SITTING AT HOME, I KNOW THAT THAT I'M QUALIFIED. LIKE WE'VE GOT TO HAVE SOME EXAMPLES WHERE THEY'RE LIKE, OH, WELL, NOW I UNDERSTAND. NOW I CAN GO THROUGH THIS PROGRAM. DOES THAT MAKE SENSE? I THINK YOU HAVE SMALL BUSINESSES THAT ARE HOME BASED, AND THEN YOU HAVE MOBILE BUSINESSES WHERE PEOPLE ARE OUT DOING THINGS, BUT THEY STILL NEED A PLACE TO HAVE CONFERENCE ROOMS, MAYBE ACCESS TO OFFICE EQUIPMENT, DIFFERENT THINGS THAT THEY NEED TO DO THAT THEY WOULD FIND IN A BIG OFFICE. THERE ARE NO SMALL BUSINESSES BECAUSE EVERY BEHIND EVERY SMALL BUSINESS IS A BIG DREAM. AND THAT'S WHAT YOU FIND IN THESE CENTERS. I'D LIKE TO GET A DEEPER UNDERSTANDING OF, LET'S SAY I'M SOMEONE WHO'S LOOKING TO START A SMALL BUSINESS. HOW WOULD I PLUG INTO SOME OF THESE MENTORSHIPS? HOW DOES THAT LOOK IN THE REAL WORLD? AS IN LIKE, HOW DO YOU RECEIVE IT AT THE CENTER ITSELF? YEAH. HOW WOULD I SAY I'M JUST SOMEONE IN THE COMMUNITY WHO'S WANTING TO START A NEW, A NEW CANDY SHOP OR SOMETHING OF THAT NATURE. HOW WOULD I PLUG INTO THE MENTORSHIPS HERE? HOW, HOW DO I GET STARTED WITH TAKING PART IN THE ENTREPRENEURIAL CENTER? SO MOST OF THESE CENTERS DO LIKE A MEMBERSHIP PROGRAM. SO YOU PAY X AMOUNT OF DOLLARS EACH MONTH AND YOU GET ACCESS TO WHATEVER THEY OFFER. AND MOST OF THE TIME THEY OFFER MENTORSHIP PROGRAMS, NETWORKING EVENTS ANY OTHER RESOURCE LIKE THAT? AND THAT'S WHAT I FOUND WITH MOST OF THE CENTERS I'VE LOOKED INTO JUST A MEMBERSHIP, I THINK IN, [00:45:07] IN COUNCILMAN, I THINK THAT YOU KNOW, AS AN EDC DOING THAT, MAYBE WE DON'T HAVE TO, MAYBE WE DON'T OFFER A PAY TO PLAY DEAL. HOWEVER, YOU KNOW, I THINK IT'S A LOT OF ADVERTISING AND A LOT OF TRYING TO LET THE COMMUNITY KNOW THAT WE'VE GOT THIS. YOU KNOW, I CAN GIVE YOU AN EXAMPLE OF A OF A BUSINESS RIGHT NOW THAT IS LOOKING FOR I MEAN, THEIR BUSINESS IS ALREADY SUCCESSFUL, BUT THEY NEED SPACE AND THEY NEED GUIDANCE ON OCCASION. AND Y'ALL MAY MAY KNOW THEM AND THAT'S, YOU KNOW, LIKE CRUISE PLANNERS. WELL, IF YOU'RE A TRAVEL AGENT, YOU DON'T WANT TO MEET PEOPLE AT YOUR HOUSE BECAUSE YOU DON'T NECESSARILY KNOW WHO YOU'RE WORKING WITH. SO THEY NEED A SPACE TO GO. THEY NEED A SPACE TO WORK OUT THINGS WITH, YOU KNOW, THE OFFICE AND AND I GUESS RYLAND, TO YOUR QUESTION, THAT'S AN EXAMPLE OF SOMEBODY THAT WOULD NEED THAT. YEAH. YEAH. AND SO IF YOU'RE LOOKING TO, IF YOU HAVE A MANUFACTURING IDEA, YOU KNOW, ALL OF YOUR, ALL THE EDUCATIONAL PART CAN COME THROUGH THIS ENTREPRENEURIAL CENTER. AND THEN THAT'S WHEN THE EDC HAS TO COME UP WITH, DO WE HAVE 2000FT² SOMEWHERE THAT WE COULD PUT THE, THE SMALLER PART OF THAT EQUIPMENT IN TO GET THAT IDEA UP OFF THE GROUND AND GET THEM MANUFACTURING SOMETHING? AND SO THAT WOULD BE THE NEXT PHASE OF THAT. IF WE COME ACROSS A LOT OF THAT, WE DON'T KNOW. AGAIN, THAT GOES BACK TO WHO'S GOING TO USE THIS AND WHO NEEDS THIS? BUT, BUT REMEMBER FROM OUR STRATEGIC PLAN, MOST OF THIS CAME OUT OF THE FACT THAT OUR LABOR PARTICIPATION RATE WAS SO LOW. AND WE FOUND OUT THAT IT WAS BECAUSE SO MANY PEOPLE WERE WORKING OUT OF THEIR HOMES. NOW WE NEED TO FIND OUT WHAT THAT IS THEY'RE DOING. ONE OF THE THINGS THAT WE'RE LOOKING INTO IS, IS A PROGRAM OUT THERE. IT'S A STEP BY STEP ONLINE PROGRAM THAT YOU CAN TAP INTO AND JUST HAVE A PERSON TO HELP YOU OUT THERE. AND IT TELLS YOU HOW TO, WHAT TO DO TO DO THE BUSINESS, WHAT, HOW TO START A BUSINESS, HOW TO SET UP BUSINESS PLAN ANY. AND IT'S AN ONLINE LEARNING SYSTEM THAT, THAT IS A COMBINATION MEDICATION. THAT IS USED TO HELP YOUR CHILD. AND BECAUSE I MEAN, ON THE CHAMBER SIDE AND ON THE EASTERN SIDE, WE'RE GOING TO SPLIT THE COST OF TREATMENT SO WE CAN SHARE RESOURCES ON THIS PROGRAM. SO. JUST A COUPLE THOUGHTS. I THINK I THINK THIS IS ALL VERY GOOD. I MEAN, I'D BE VERY INTERESTED TO SEE SOME OF THE PHYSICAL PLACES THAT THESE THINGS LOOK LIKE THE EDC PERSPECTIVE. I THINK WHAT THE COMMUNITY NEEDS IS LIKE, WE NEED TO BE THINKING ABOUT PROGRAMS BEFORE A PLACE. AND I THINK THAT I MEAN, LIKE, BECAUSE A LOT OF THE THINGS KIND OF LIKE WHAT ROBERT MENTIONED IS THAT THERE'S LIKE RIGHT NOW, IT'S LIKE, IF YOU WANTED TO GO RENT AN OFFICE TO HOST A MEETING FOR A DAY IN GENERAL, IT'S LIKE, IT'S KIND OF NOT REALLY A THING. AND SO I THINK THAT THOSE TYPES OF RESOURCES AND THE STUFF THAT WAS IN THE PRESENTATION, YOU KNOW, KIND OF HIT ON A LOT OF THAT WHERE IT'S LIKE, HEY, DUDE, YOU KNOW, THERE'S A LOT OF FOLKS THAT JUST NEED A SPOT WHERE YOU CAN GET TOGETHER, HOST A MEETING, YOU KNOW, WORK FOR A DAY OR TWO WHERE YOU'RE NOT, YOU KNOW, IN YOUR HOUSE WITH ALL THE STUFF GOING ON THERE. SO I THINK THAT THAT IS VERY IMPORTANT. BUT I THINK THAT WHAT IS MORE IMPORTANT THAN THAT IS WE NEED IS WHAT KIND OF PROGRAMING IS GOING TO WHAT KIND OF PROGRAMING DOES, DOES THE BUSINESS COMMUNITY NEED? AND I THINK, RAYLAN, I THINK THIS IS KIND OF GOING BACK TO WHAT YOU'RE SAYING OF LIKE, WELL, WHO ARE THESE PEOPLE? WHERE DO THESE PEOPLE COME FROM? WELL, ONE, A LOT OF NEW BUSINESSES ARE BORN OUT OF EXISTING BUSINESSES. YOU KNOW WHAT? YOU KNOW, ENTREPRENEURS TEND TO BE THE ONES WHO START NEW BUSINESSES. AND A LOT OF THEM ALREADY HAVE EXISTING BUSINESSES. AND SO THIS IS WHERE A LOT OF THESE IDEAS I THINK COME FROM. AND SO I, MY, I THINK THIS MIGHT BE SOMETHING FOR TY WHERE IT'S LIKE, IF YOU'RE GOING OUT AND TALKING TO PEOPLE, I THINK SOMETHING THAT WOULD BE GOOD TO PAY ATTENTION TO IS LIKE, WHERE, WHERE IS THERE KIND OF A CRITICAL MASS THAT WE COULD DESIGN PROGRAMING AROUND TO GET THE PROGRAMS UP AND RUNNING IF THE PROGRAMS ARE GOOD AND THRIVING. WHICH WE COULD START RIGHT AWAY. AND BASICALLY FOR FREE IF WE IF WE GOT THOSE UP AND RUNNING, THEN WHENEVER IT IS TIME TO BUILD A PLACE, NOW WE'RE GOING TO HAVE TONS OF PEOPLE THAT ARE GOING TO NEED IT AND USE IT, AND IT'S GOING TO DO IT MORE. SO I JUST THINK THAT. THAT I THINK IS KIND OF THE KEY QUESTION OF, IN MY OPINION, LIKE WHERE LIKE, WHAT ARE, WHAT IS THE NATURE OF THE PROGRAMS THAT THE TERRELL LIKE ENTREPRENEURIAL COMMUNITY NEEDS, YOU KNOW, FOCUS ON THAT. [00:50:03] AND I THINK THAT THE, I THINK THAT THE OTHER STUFF CAN, I THINK IT MAKES MORE SENSE TO THINK ABOUT WHAT DOES THAT PROGRAMING LOOK LIKE? AND THEN WE BUILD A CENTER TO SUPPORT THAT FURTHER RATHER THAN, YOU KNOW, THAN DOING IT THE OTHER WAY. I'M NOT I KNOW THAT'S KIND OF WHERE THE MIND'S ALREADY AT, BUT YEAH, I, I THINK THAT'S WELL PUT. I MEAN, I THINK ONCE WE KNOW WHAT WE NEED AND, AND HOW WE CAN DO IT, WE DESIGN THE. IT'S ONE THING I'VE TALKED ABOUT ABOUT THIS ENTREPRENEURIAL CENTER. THIS WILL BE, WITHOUT A DOUBT, THE LAST THING WE DO IN THE STRATEGIC PLAN. AND MAINLY JUST BECAUSE OF THAT POINT, AS YOU THE PROGRAMS WE START, WE START AS SOON AS WE FIGURE OUT WHAT WE NEED. THE. THE WALLS COME UP WHEN WE HAVE IT DEVELOPED, WE KNOW WHAT THE PROGRAMS ARE, WE KNOW WHAT THE COMMUNITY NEEDS. AND THEN YOU BUILD THE PLACE TO, TO, TO HAVE IT. IF I CAN ADD ANYTHING, ONE OF THE BIGGEST CHALLENGES IS, IS HOW DO YOU GET AHOLD OF THESE PEOPLE? HOW DO YOU GET THEM ENGAGED? IN MY EXPERIENCE, ONE OF THE, THE ONLY WAYS OR ONE OF THE BEST WAYS TO HOLD THESE PEOPLE ARE THROUGH UTILITY BILLING INSERTS. EVERYBODY GETS A UTILITY BILL. AND THROUGH THAT YOU OFFER, YOU KNOW, JUST NETWORKING EVENTS, MAKE IT AN INFORMAL CASUAL EVENT WHERE WE HAVE CITY STAFF THERE PERMITTING PROBABLY ENGINEERING AS WELL AS YOU KNOW, MEMBERS OF DEVELOPMENT SERVICES IN THE EDC WHERE PEOPLE CAN JUST ASK QUESTIONS. AND THROUGH THOSE QUESTIONS, WE LEARN WHAT WHAT PEOPLE'S INITIATIVES ARE, WHERE THEIR CHALLENGES ARE. AND THAT'S WHEN WE START BUILDING THE PROGRAM. FOR EXAMPLE, I HAD A CONVERSATION THIS WEEK. IT WAS WITH THE BUSINESS AND, YOU KNOW, I THOUGHT IT WAS GOING TO BE QUICKBOOKS OR MAYBE SOMETHING EVEN FINANCIAL PLANNING. AND THEY SAID STAFFING. AND SO AS YOU'RE SAYING IS LIKE, WHY PUT RESOURCES INTO SOMETHING THAT MAY NOT EVEN BE A CHALLENGE FOR CHALLENGE FOR OUR BUSINESSES? BUT JUST THROUGH THAT CONVERSATION, I GOT SOMETHING OUT OF THAT THAT I DIDN'T EXPECT TO. BUT YES, WE, WE NEED TO, ONE, FIND WHAT THE RESOURCES NEED TO BE FIRST AND THEN WE CAN GO AND, AND PUT THEM IN A BUILDING. I THINK A GOOD PERSON, ROBERT AND I TALKED ABOUT THIS A COUPLE OF YEARS AGO, I THINK IS, I THINK, A GOOD FORMAT WHEN YOU'RE LOOKING AT WHAT THESE KIND OF PROGRAMS ARE, IS LIKE IF YOU LOOK AT KIND OF LIKE I'M A MEMBER OF VISTAGE, WHICH IS, YOU KNOW, PEER GROUP, IT'S, IT'S BEEN ONE OF THE BEST THINGS I'VE EVER DONE FOR MYSELF AS AN ENTREPRENEUR. IT'S VERY EXPENSIVE AND THERE'S A LOT OF PEOPLE IN THE COMMUNITY, ESPECIALLY PEOPLE THAT ARE EARLIER STAGE ENTREPRENEURS, THAT I TELL THEM ALL THESE GREAT THINGS ABOUT, YEAH, I'M IN THIS PEER GROUP, WE GET THIS EDUCATIONAL PROGRAMING. WE ARE ABLE TO WORK WITH ONE ANOTHER TO PROCESS OUR ISSUES AND FIGURE OUT LIKE HOW WE CAN CONTINUE TO GROW OUR BUSINESSES. AND I TELL THEM THE PRICE TAG AND THEY'RE JUST LIKE, I WOULD NEVER BE ABLE TO DO THAT. HAD THIS CONVERSATION WITH SOMEBODY FROM THE BANK. TORI WAS JUST LIKE, THEY WOULD NEVER PAY FOR ME TO DO THIS THING. AND SO I THINK THAT THE I THINK THAT AS YOU'RE LOOKING AT IT LIKE THAT, THAT TYPE OF A MODEL WHERE IT'S LIKE THERE'S, YOU KNOW, BRINGING PEOPLE TOGETHER FOR NETWORKING EVENTS AND SOCIAL AND ALL THAT KIND OF STUFF, I THINK IS REALLY GOOD. I THINK WHAT WOULD ATTRACT A LOT OF THE PEOPLE THAT WOULD BE ENGAGED IN A PROGRAM LIKE THIS IS IN YOUR CONVERSATIONS, AS YOU'RE GOING OUT AND TALKING TO THE COMMUNITY, FINDING OUT WHAT PEOPLE NEED, YOU'LL PROBABLY FIND SOME OF THOSE THINGS WHERE IT'S LIKE, DUDE, EVERYBODY'S HAVING PROBLEMS WITH STAFFING OR WITH ACCOUNTING OR WITH IT OR WITH, YOU KNOW, AI ENABLEMENT OR WHATEVER THOSE THINGS ARE. YOU CAN, YOU KNOW, FIND PEOPLE THAT ARE EXPERTS IN THOSE THINGS AND SAY, HEY, WE'RE GOING TO BRING THESE PEOPLE TOGETHER. LIKE, THIS IS WHY YOU COME TO LEARN SO THAT YOU CAN GROW YOUR BUSINESS. SO ANYWAY, I THINK WE'RE MEETING ON TUESDAY, I THINK, AND WE CAN TALK ABOUT THIS FOR WE CAN TALK ABOUT A QUESTION I WOULD OFFER IS THIS. WE'RE WORKING ON OUR AGENDA FOR OUR STRATEGIC PLANNING EVENT COMING UP EARLY AUGUST. IS THIS SOMETHING WE SHOULD CARVE SOME TIME OUT TO TAKE A DEEPER DIVE AND REALLY KIND OF DIG DEEPER ON IT AND KIND OF FIGURE NEXT STEPS? YEAH, WE'LL, WE'LL FIND A TIME ON THE AGENDA TO REALLY FOCUS ON THIS. OKAY, SO NOW WE'LL MOVE TO ITEM SIX, WHERE WE'RE GOING TO ADJOURN INTO EXECUTIVE SESSION IN ACCORDANCE WITH THE SECTION 551 OF THE TEXAS GOVERNMENT CODE, [6. ADJOURN INTO EXECUTIVE SESSION IN ACCORDANCE WITH SECTION 551 OF THE TEXAS GOVERNMENT CODE TO DISCUSS THE FOLLOWING] TO DISCUSS THE FOLLOWING ITEM 6.1, SECTION 551.07 FOR PERSONNEL MATTERS. SECTION 551.087 DELIBERATIONS REGARDING ECONOMIC DEVELOPMENT NEGOTIATIONS. THE TIME IS NOW. 902. * This transcript was compiled from uncorrected Closed Captioning.