Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
St. Paul council hears hours of public opposition to MIF extension for ForwardEdge (Lockheed Martin subsidiary) and votes
Summary
After a staff presentation on a requested one‑year extension for ForwardEdge's Minnesota Investment Fund loan, dozens of residents urged the council to deny the extension for ethical and economic reasons; council debated and then voted on a motion related to the extension (vote recorded in transcript; outcome language in record is inconsistent).
Council staff explained that the city applied for and passed along an $800,000 forgivable loan under the Minnesota Investment Fund (MIF) to ForwardEdge ASIC LLC; ForwardEdge is a new company to Saint Paul that the city says planned to create 113 jobs, and the company reported creating 83 to date and requested a one‑year extension to meet its hiring targets.
Project manager Danielle Lorenz described the program’s…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
