Economic Development Committee

City of Crystal Lake Economic Development Committee February 25, 2024 – 8:00 a.m. Municipal Complex – City Council Chambers Conference Room Call to Order The meeting was called to order at 8:03 a.m. by Mr. Fowler. Roll Call/Attendance Members Fowler, Affrunti, Leech and Dunlop were present. Heather Maieritsch, Economic Development Manager was also present. Member Ormsby, Reece, Peterson and Malpica were absent. Approve Minutes from the December 3rd 2024 Meeting Motion to approve by Leech/Affrunti. All aye by voice vote. Public Participation Not applicable Clearly Crystal Lake Update Ms. Maieritsch said that Think Big Go Local continues to work on the Clearly Crystal Lake campaign to continue to promote Crystal Lake businesses. Business Anniversaries and Business Tours City staff will work with the Crystal Lake Chamber this May to recognize them for their 80th Anniversary. City staff will also work to set up a tour with Induction Heat Treating and Alpha Star. Organization reports: Downtown Crystal Lake N/A Crystal Lake Chamber N/A McEDC As part of the City’s role on the MCEDC Board, Crystal Lake is the municipal representative for the EDGE Group made up of municipalities and Chamber leaders that meet quarterly to collaborate on County initiatives. Recently we met to explore incubator opportunities. The group was unanimous in wanting to explore what it would take to bring a Test Kitchen Incubator to McHenry County. City of Crystal Lake The City continues to actively promote and market Water’s Edge and other commercial properties throughout Crystal Lake. We are seeing significant interest in both our housing which will start having individuals move in the beginning of 2025 and the commercial development will begin in the spring of 2025. Adjourn The meeting was adjourned at 8:55 a.m. by Leech/Affrunti. All aye by voice vote.