02.27.2025 EDC MinutesTown of Trophy Club Economic Development Corporation Meeting Minutes
February 27, 2025, 6:00 p.m., Regular Meeting
1 Trophy Wood Drive, Trophy Club, Texas 76262
CALL TO ORDER
President Addington called the meeting to order at 6:00 p.m.
EDC BOARD MEMBERS PRESENT
Teri Addington, President
Allan Pedersen, Vice President
James Calaway, Secretary
Joseph Longo
Garrett Wallace
EDC BOARD MEMBERS ABSENT
Scott Hinshaw
STAFF PRESENT
Brandon Wright, Town Manager
Tammy Dixon, Town Secretary
Tamara Smith, Assistant to the Town Manager
April Duvall, Director of Finance
Matt Cox, Director of Community Development
PUBLIC COMMENTS
There were none.
REGULAR ITEMS
1. Consider approval of the February 13, 2025, Economic Development Corporation Meeting
Minutes.
Director Longo moved to approve the February 13, 2025, meeting minutes. Vice President
Pedersen seconded the motion.
VOTE ON THE MOTION
AYES: Addington, Pedersen, Calaway, Longo, Wallace
NAYES: None
ABSENT: Fox, Hinshaw
VOTE: 5-2
2. Discuss the Thrive Business Grant Program and recommended improvements.
Tamara Smith, Assistant to the Town Manager presented on the second cycle of the Thrive
Business Grant Program, providing an overview of the previous year's process, including
EDC Meeting Minutes — February 27, 2025 Page 2
marketing, outreach, review, and approval. Suggested changes for the new grant cycle included
ensuring that grant -funded equipment remains within the town for its lifespan and allowing a
price variation of 5% to 10% for cost increases. Exterior aesthetic improvements will require town
approval to maintain consistency with guidelines. Applicants will be encouraged to obtain at least
one local quote where possible or document their attempt to secure a local vendor. The definition
of a 'local business' was clarified to include businesses registered in Trophy Club or owned by
Trophy Club residents.
Adjustments to the grant timeline were proposed, with the next cycle opening earlier on
April 15, 2025, and running for eight weeks. The application review period will be extended from
three weeks to approximately six weeks. The board also discussed ways to recognize grant
recipients, including providing a decal or plaque for businesses that successfully complete the
program. Ms. Smith will work with the Director of Marketing on the recognition approach.
3. Discuss the Small Area Plan Project
Ms. Smith reported the Small Area Plan presentation by McAdams was presented to the
Town Council. The Town Council requested a joint work session with the EDC for further
discussion, scheduled for March 10, 2025, following the Town Council meeting at 7:00 PM. EDC
members were encouraged to actively participate and provide insights into the planning process.
Additional details on feasibility, market analysis, and projected outcomes will be provided. Board
members emphasized that the plan should be viewed as a roadmap rather than a rigid
development blueprint.
ADOURN
President Addington adjourned the meeting at 6:32 p.m. �
Teri Addington, Presid4t
ATTEST:
Tammy Dixon, Tow ecretary