EDA Meeting for January 21, 2025

The City of International Falls Economic Development Authority (EDA) held a meeting on January 21, 2025, primarily focused on administrative matters including the swearing-in of new commissioners and the election of officers for the EDA board. The meeting also addressed financial matters such as the approval of accounts payable for the third quarter of 2024 and discussed ongoing financial practices related to posting expenses. A significant portion of the meeting was dedicated to a funding request for replacement equipment for KCCTV, a local cable channel serving county residents. The EDA considered supporting this unexpected expenditure to maintain operational broadcast services. Additionally, the board reviewed a draft revolving loan policy and application process intended to assist local businesses with commercial improvements or equipment purchases, with plans to discuss it further in future meetings.