The Second Board Meeting of 2007
Monday, Mar 19, 2007
On March 16th, the Authority Board of Directors met at the Aerospace Education Center for the second of five scheduled meetings in 2007.
The business meeting began with a review of the minutes from the January 19th Board meeting, as well as the President's Operating Report. Both were approved by the Board.
The Industry Committee presented minutes from its March 1st meeting, as well as an overview of Arkansas Manufacturing Solutions' new service,
“ Eureka! Winning Ways: Choices for Growth.” The Committee also called for Board input on a possible debt write off. The decision was made to delay a write off in favor of pursuing payment.
The Investment Committee presented the minutes from its February 21st meeting. The Board reviewed the Seed Capital Investment quarterly financials and the TTAG report; both were approved.
In addition, the Board reviewed five draft resolutions. Draft Resolutions 07-07 through 07-11 called for Technology Development Program funding of Minotaur Technologies, and a Seed Capital Investment to be allocated to Agricultural Research Initiatives and American Defense Components Technologies. Rounding out the request for approvals was a third Authority client, Arkansas Power Electronics Inc, with a submitted request for Seed Capital Investment funding, as well as a tax credit. After careful consideration of each resolution, the Board approved all requests.
Following a review of its February 28th meeting minutes, the Research Committee requested approval of Draft Resolution 07-12. The resolution called for STEM funding of various projects at the University of Arkansas at Little Rock, Southern Arkansas University, the Math and Science Center at the University of Arkansas at Pine Bluff , and the Delta Institute of Math & Science Education at Arkansas State University . Two high schools were included in this list, as well: Cabot High School and Kirby High School . The Board voted to approve this resolution.
Before adjourning, the Board voted to approve two new nominations to the EPSCoR Advisory Committee, Tom Chilton and Dr. Edgar Garcia Rill. Rill will serve as an ex-officio member.
The next Board meeting is scheduled for May 18th, 2007.
