The Port Authority Commission voted 7-0 to adopt the Economic Development Strategic Plan, developed with consulting firm Type Strategies. The plan reflects the authority's significant growth—it has expanded 15-fold in size and now operates citywide rather than focusing solely on the South Loop area near the Mall of America.

The strategy centers on eight key objectives: supporting large and small businesses, fostering innovation, creating thriving public spaces, developing real estate, attracting talent, providing wraparound services, and marketing Bloomington regionally. Commissioners praised the plan's development process and emphasized its importance for future decision-making, though some advocated for a more focused approach on specific industries and comprehensive housing strategies.

In other business, the commission approved changes to a grocery space agreement at Carbon 31, a new apartment building at Bloomington Central Station. The original tenant, Allendale Market, vacated, prompting revised financial terms designed to attract a new Latino-focused market with grab-and-go options. The changes include a two-year stabilization period with low base rent and removal of a business reserve fund to make the space more financially feasible.

The authority also hired interim legal counsel. Khattak Rock was appointed to provide both bond counsel and general counsel services for 120 days while the authority transitions records following the departure of long-time counsel Julie Eddington to a new firm. The authority plans to conduct a formal search process for permanent counsel.

Additionally, commissioners approved 2024 budget adjustments totaling reallocations across the General Fund and Park Development Fund, and endorsed the 2024 annual report highlighting achievements including a successful Facade Improvement Grant program that leveraged $5 million in improvements. The 2025 work plan includes new workforce development initiatives and expanded commercial node development.