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HomeMy WebLinkAbout[External]EDC November Board Meeting1 Candice Alvarez From:Connie Stopher <connie@socalwinecountryedc.com> Sent:Wednesday, October 29, 2025 11:31 AM To:aaron.adams@temeculaca.gov; Adam Eventov; Andrea Mares; Shaw, Ann M; anna.pathe@emeraldescrow.com; anne.figueroa@asm.ca.gov; aricken@tvusd.us; avilla@cityofmenifee.us; bcornejo@evmwd.net; betsy.lowrey@temeculaca.gov; brian.deis@leusd.k12.ca.us; Brooke Nunn; Michael Cano; Colleen Donovan; Cheryl Fuchigami-Bost; charles.walker@temeculaca.gov; Christina Henry; Christine Damko; cjohnson@rhlaw.com; ckavic@stormbaseball.com; contact@primemediaconsulting.com; Cristina Bailey; daniel@menifeevalleychamber.com; Darlene Wetton; David Matza; David De Vries; deborah.morris@abbott.com; dhitzeman@rhlaw.com; Diane Strand; dighoops@gmail.com; dirissy@gmail.com; dirissy@srcar.org; Dean Lesicko; erica.sepulveda@pkckuebler.com; erin@hamannco.com; erodas@rivco.org; george@srcar.org; Godfrey Gibbison; Gina Gonzalez; Gregory Prudhomme - Gregory J. Prudhomme CPA's; gracel@prowestconstructors.com; hanna.basler@nhcare.org; Heather Holmes; Jacquelynn Schott; Jeff Bott; Jeremy Goldman; jhuter@tvusd.us; Jonathan Jean-Marie; Janice Mrkonjic; joe@consolidatedcontracting.com; Jonathon Montanez; Jason Simpson; Tang, Jason; justin@srcar.org; Katie Luna; Kayla Charters; Kimberly Davidson; Kimberly Davidson; kengel@rhlaw.com; kim@lakeelsinorechamber.com; Kim Gerrish; Wright, Kimberly; laurynliu@easycycle.online; Mary Cervantes; Matthew Hyatt; mhigham@costanalysts.com; miked@goprowest.com; miked@prowestconstructors.com; nmaneja@legacybankca.com; raedean.olmo@uhsinc.com; rchristopher@evmwd.net; rorlauski@msjc.edu; Ross; Roxanne Roundtree; Sammy R Totah; Susan Bellamy; sean@sdshomes.com; shantel@sdshomes.com; shaun.bowen@brookfieldpropertiesdevelopment.com; smedina@tvusd.us; Stethem, Stephanie; stacy.buchanan717@gmail.com; stewart.cortez@kp.org; Backus, Valerie; vincentcheng@easycycle.online; J R Subject:[External]EDC November Board Meeting Attachments:EDC November 2025 Board Agenda.pdf; October 2025 Board Meeting Minutes.pdf; EDC Financial Reports 9-30-25.pdf; 2025 SOTC Flyer Sponsorship.pdf; 2025 SOTC Flyer.pdf Message from external sender. Use Caution. Good morning, I hope you all are doing well. Earlier this morning, you should have received invitations for our 2026 board meetings. It's hard to believe that the end of the year is so close. Yesterday, you should have also received our monthly newsletter with news from this past month. Our next meeting will be next week, on Thursday, November 6th. We will again be meeting on the second floor of the TVE2 (43200 Business Park Dr). I have attached the meeting materials. We will be welcoming Jennings Imel, VP with the U.S. Chamber of Commerce, as our featured speaker. Our FAM Tour kicks off in a few days, so I should have some exciting feedback from that event. I have also attached an invitation to attend and sponsor the MSCJ State of the College, which is coming up on November 14th. As always, if there is anything that I can help with, please don't hesitate to ask. 2 I hope to see you all soon! Connie -- Connie Stopher, CEcD CEO P-951-557-8040 To help protect your privacy, Microsoft Office prevented automatic download of this picture from the Internet. To help protect your privacy, Microsoft Office prevented automatic download of this picture from the Internet. www.socalwinecountryedc.com My working hours may not coincide with yours. Please do not feel obliged to respond outside of your normal working hours. BOARD OF DIRECTORS GENERAL MEETING Thursday, November 6, 2025 – 9:00 a.m. Location: TVE2, Second Floor 43200 Business Park Dr, Temecula, CA Mission Statement - The EDC unites public and private stakeholders to leverage the region’s competitive advantage, attracting business, and supporting a high quality of life. AGENDA 9:00 a.m. I. Call to Order J. Mrkonjic 9:01 a.m. II. Self-Introductions J. Mrkonjic 9:10 a.m. III. Approve Agenda J. Mrkonjic Motion ________ Second ________ Carried ________ 9:12 a.m. IV. Approve Consent Calendar J. Mrkonjic Motion ________ Second ________ Carried _________ a. September 2025 Financials b. October 2, 2025 BOD Minutes 9:15 a.m. V. EDC Director Update C. Stopher A. FAM Tour B. Site Visit C. IAMC D. PR Efforts 9:30 a.m. VI. Guest Speaker: Jennins Imel, U.S. Chamber of Commerce 10:00 a.m. VII. Updates on Economic Development Issues (3 Minutes Each) - Municipalities/County/Sovereign Nations - Director/Member Updates 10:30 a.m. VIII. Adjourn J. Mrkonjic Motion ________ Second ________ Carried _________ Next Officers’ Meeting: December 4, 2025 – 8:30 a.m. Next Board of Directors Meeting: December 4, 2025 – 9:00 a.m. Location: TVE2 BOARD OF DIRECTORS GENERAL MEETING Thursday, August 7th, 2025 – 9:00 a.m. Attendees: Stephanie Stethem, Susan Bellamy, Diane Strand, Janice Mrkonjic, Alex Kowalkoski, Michael Cano, Mary Cervantes, Katie Luna, Sean Coy, Ross McCune, Colleen Donovan, Stephanie Medina, Cory Corburn, Ben Littlefield, Jonathan Montanez, Jordan Strand, Tracey Finch, Godfrey Gibbison, Michael Cano, Adam Eventov, Darlene Wetton, Chris Gray, David Devries, Janet Riggleman, Rob Getz, Casey Dailey Staff: Connie Stopher, Janice M. Welcome Call to order 9:05 Self-Introductions Approval of Agenda – Diane S. moved to approve the agenda; Godfrey G. seconded the motion. All approved Approval of Consent Calendar – Diane S. moved to approve; Godfrey G. seconded the motion. All approved EDC Directors Report: Connie S. provided a recap of the EDC’s September activities. Those included received the AEDO accreditation at the IEDC annual conference. Connie S. also shared that she was the first person in the U.S. to receive the new foreign direct investment professional certification from IEDC. Connie shared updates on the event planning committee, a new $10,000 grant received from UCR, and new marketing and PR plans. Diane Strand presented an introduction to herself, her business, and her role as an Executive Committee member. She shared the work that she does in the community and the impact that the EDC has had on your business. Chris Gray, Deputy Executive Director of WRCOG, shared his presentation on commuting, employment, and housing patterns in the region. He took questions regarding trends impacting local communities. David D.- City of Lake Elsinore- David D. shared about the upcoming food truck Friday event, there is a new F2 track in the concept phase and a new golf course opening. David also shared about the Launch Point expansion, that the library is under construction, and new restaurants that are open in the downtown. Stephanie S- Riverside County-Stephanie S. shared that the County’s new strategic plan is done and that there will be community outreach efforts to share it. Cory C- City of Menifee- Cory C. shared about the state of the city coming up on November 7th, their foodie Friday is coming up, and their Fall Fest is on October 25th. Cory also shared about new businesses, including Richie’s Diner and Rancho Family Medicine, and that the McCall Square location is taking shape. Mary C- City of Temecula- Mary C. shared that the city is updating the general plan and is forming a GPAC committee. There are upcoming open houses, and the city is forming two committees (planning and old town) and is accepting applications. The city-wide clean up is coming up, the Chamber’s Legislative Summit is coming up, and the ERC is hosting a business summit on October 30th. Kaite L.-Menifee Chamber of Commerce- Katie L. shared that their strategic plan was approved and that there are several networking events coming up. Michael C.-Menifee VFW- Michael C. shared about his colleague, Janet R. and how she is working to support the VFW. Darlene W- Southwest Healthcare- Darlene W. shared that the Riverside Medical Clinic is open in Murrieta. The Inland Valley Hospital is completing construction this month. The ribbon cutting will be in February, and the first patient will be in March. Rob Neighborhood Healthcare- Rob G. shared about their recent state of healthcare event and that they have a planned giving seminar on October 7th. Stephanie M.- TVUSD- Stephane M. shared about the upcoming Battle of the Burgers event and that the proceeds go to the culinary program. Godfrey G.- CSUSM- Godfrey G. shared that they are officially over 17K students, with a record freshman year. They broke ground on the integrated science and engineering building. There will be a 550-bed new residential hall. There will also be a new fitness and wellness center and an 11-story residence hall. Godfrey also shared about the integrated post-secondary program for students with intellectual disabilities. They received a $25 million federal grant to expand that program. Janice M.- MSJC: Janice M. about their job board for the career center. Adam E.-SoCal Gas- Adam E. said that winter weather is projected to be mild, and lower costs are projected. Adam also shared about Michelle’s Place Walk of Hope and the Southwest Legislative Council meetings. Ben L.- Office of Kate Sanchez- Ben L. shared that it is the end of the session, and asked to please bring any issues to their attention. Sean Coy-SDS Homes- Sean C. shared about conducting field trips for students interested in careers in construction. Ross McCune-Caisteal Builders- Ross M. shared his appreciation for the collaboration of the EDC and local chambers, and that he was featured in the Spirit of Innovation episode. Tracy Finch- Gemini Moon Ranch- Tracy F. shared about her non-profit and that the ranch was featured on HGTV and on Spirit of Innovation Jonathan M. -TEDxTemecula- Jonathan M. shared that the event went very well. Alex K. was one of the speakers, and he also shared about the Temecula Valley Business Expo coming up. Alex K. – Temecula Valley Community Events: He shared about the 2026 trade scholarships. He shared that they are looking for board members for the scholarship review committee. Diane Strand- JDS Studio- Diane S. shared about the upcoming Haunted Studio, Digifest, and the latest episode of Spirit of Innovation. Meeting Adjourned. EDC of Southwest California FINANCIAL STATEMENTS For the three Months Ended September 30, 2025 (Unaudited) Table of Contents Statement of Financial Position…………………………………………………...1 Statement of Activities………………….................................................2 Budget vs. Actuals……..………………….................................................3 Total Assets Current Assets Cash $215,908 Accounts Receivable 110,560 Total Current Assets 326,468 Total Assets $326,468 Liabilities and Net Assets Liabilities Current Liabilities Accounts Payable $404 Credit Cards 8,786 Accrued Vacation 12,445 Total Current Liabilities 21,635 Total Liabilities $21,635 Net Assets Unrestricted Net Assets $96,992 Net Increase in Net Assets 207,840 Total Net Assets 304,832 Total Liabilities and Net Assets $326,468 EDC OF SOUTHWEST CALIFORNIA Statement of Financial Position As of September 30, 2025 Total Income Membership $265,247 Sponsorship/Grants 25,500 Total Income $290,747 Expenses Personnel Expense $51,575 Direct Operating Expense 8,615 Marketing Expense 1,554 Program Expense 21,369 Total Expenses $83,114 Net Operating Income $ 207,633 Other Income Interest Income 207 Net Increase in Net Assets $207,840 EDC OF SOUTHWEST CALIFORNIA Statement of Activities For the three Months Ended September 30, 2025 Actual 9/30/25 Actual YTD 9/30/25 Proforma Cash Basis Actual YTD 9/30/25* FY25 Budget Proforma v FY26 Budget over/(under) Income 4000 Membership-Renewal 4130 Municipality 131,244 59,184 131,244 (72,060) 4140 County 32,803 32,803 32,803 0 4301 New Memberships 0 0 15,000 (15,000) 4409 501c3 1,500 1,200 1,500 (300) 4410 501c6 1,200 0 1,200 (1,200) 4411 Platinum 10,000 10,000 20,000 (10,000) 4412 Gold 32,500 19,500 32,500 (13,000) 4413 Silver 28,000 12,000 28,000 (16,000) 4414 Bronze 28,000 20,000 28,000 (8,000) Total 4000 Membership-Renewal 0 265,247 154,687 290,247 (135,560) 4200 Sponsorship 4207 Sponsorship 500 500 15,000 (14,500) 4208 FAM Tour Sponsorships 0 0 6,000 (6,000) 4209 Thrive Grant 25,000 25,000 0 25,000 Total 4200 Sponsorship 0 25,500 25,500 21,000 4,500 Total Income 0 290,747 180,187 311,247 (131,060) Gross Profit 0 290,747 180,187 311,247 (131,060) Expenses 5000 PERSONNEL 5115 Insurance - Medical 300 900 900 3,600 (2,700) 5130 401K ER Match Contribution 404 1,213 1,213 4,854 (3,641) 5140 Payroll Employer Tax Expense 1,031 3,320 3,320 22,982 (19,662) 5150 Administrative Salary 0 2,294 2,294 15,000 (12,707) 5160 Director Salary 13,482 40,446 40,446 161,784 (121,338) 5170 Payroll Services 46 99 99 1,000 (901) 5300 Contract Services 1,000 3,000 3,000 12,000 (9,000) 5320 Accrued PTO - Director 0 304 304 6,602 (6,298) Total 5000 PERSONNEL 16,264 51,575 51,575 227,822 (176,247) 6100 DIRECT OPERATING EXPENSES 6050 Insurance - general 1,082 1,082 2,000 (918) 6051 Workers Comp Insurance 0 0 1,800 (1,800) 6160 Office Supplies 55 239 239 1,000 (761) 6200 Equipment Lease 685 1,718 1,718 850 868 6250 Telephone 81 243 243 1,000 (757) 6260 Postage 0 0 500 (500) 6270 Printing/copying/binding 0 0 0 1,000 (1,000) 6280 Dues & Subscriptions 117 508 508 2,000 (1,492) 6290 Meetings & Luncheons 490 1,046 1,046 4,500 (3,454) 6300 Website 0 144 144 500 (356) 6320 Travel 1,340 2,928 2,928 12,000 (9,072) 6370 Tax & Licenses 0 0 0 160 (160) 6390 Miscellaneous Bank Fees 0 0 0 250 (250) 7008 Computer 707 707 707 1,000 (293) Total 6100 DIRECT OPERATING EXPENSES 3,475 8,615 8,615 28,560 (19,945) 6330 Marketing 358 1,554 1,554 20,000 (18,446) 6500 PROGRAM EXPENSES 6510 Membership 0 550 550 8,000 (7,450) 6520 Special Projects 12,500 12,500 12,500 6521 FAM Tour 927 927 927 12,000 (11,073) 6560 Special Event 203 203 3,000 (2,797) 6750 Hardware/Software 14 93 93 1,500 (1,407) 6755 Trade Show 0 4,850 4,850 12,000 (7,150) 6757 Trainings/Professional Development 247 2,247 2,247 2,000 247 Total 6500 PROGRAM EXPENSES 1,188 21,369 21,369 38,500 (17,131) Total Expenses 21,285 83,114 83,114 314,882 (231,768) 4230 Interest Income 207 207 207 800 (593) Net Increase (Decrease) in Net Assets (21,078)207,840 97,280 (2,835)100,115 EDC OF SOUTHWEST CALIFORNIA Budget vs. Actuals: Budget_FY25_P&L - FY25 P&L July 2025 - June 2026 9/30/25 MSJC STATE OF THE COLLEGE - REPORT TO THE COMMUNITY Join community, business, and education leaders for MSJC’s annual State of the College – Report to the Community, where this year’s theme, Driving Transformation, celebrates the power of education to change lives and strengthen our region. As a Community Sponsor, your organization helps MSJC continue to create pathways to success for students and drive innovation across our service area. Community Sponsor – $2,500 Includes: Recognition at the event and in printed program materials Acknowledgment across MSJC Foundation social media channels Invitation to the exclusive VIP Breakfast following the program For More information, please scan the QR Code or email MSJCFoundation@msjc.edu. BE A PARTNER IN DRIVING TRANSFORMATION Friday, November 14th 8:00AM MSJC Temecula Valley Campus, University Center YOUR SPONSORSHIP FUELS TRANSFORMATION — CREATING OPPORTUNITIES,INNOVATION, AND COMMUNITY IMPACT THROUGH HIGHER EDUCATION. MSJC STATE OF THE COLLEGE - REPORT TO THE COMMUNITY Join us for Mt. San Jacinto College’s annual State of the College – Report to the Community. This year’s theme, Driving Transformation, celebrates how MSJC is shaping the future through innovation, student success, and strong community partnerships. Guests will hear key updates from College leadership, connect with MSJC students, and explore how our programs and initiatives are transforming lives across the region. General Admission: Free (RSVP encouraged) DRIVING TRANSFORMATION Friday, November 14th 8:00AM MSJC Temecula Valley Campus, University Center 41888 Motor Car Pkwy, Temecula RESERVE YOUR SEAT TODAY AND BE PART OF THE CONVERSATION THAT’S DRIVING TRANSFORMATION AT MSJC.