Information for Meeting of Economic Development Industrial Corporation Committee
Monday March 06, 2023 6:00 PM EST

Pledge of Allegiance
1. Introduce members
2. Templeton EDIC's compliance with MA statutes such as open meeting, public records, conflict of interest/ethics, procurement, and others as applicable.
3. Hand out and review the EDIC's Enabling Statute, M.G.L. c. 121C especially,but not limited to s. 3: Economic development and industrial corporation; authority to organize; consolidations; members of board of directors; surety bonds; compensation and reimbursements and s. 5: Powers of corporation; payment of relocation costs.
4. Process for adoption of a local economic development plan (LEDP), submission, review, and approval of the MA Department of Housing and Community Development (DHCD) possibly using economic development element (chapter) of March 2017 Master Plan as basis for LEDP (required to become a full-fledged EDIC).
5. $200,000 State allocation of funds for economic development by the Commonwealth of MA - Subsequent allocation of entire fund to EDIC for economic development purposes and accounting of funds, henceforth - thank you letter to state representative and senator with a brief status report.
6. Administrative matters.
7. Next meeting
8. Adjournment