Board Minutes May 2020: Difference between revisions
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→Operational Updates - Jeremy (20 min)
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** Having signage out on road could be effective at drawing passers-by in. | ** Having signage out on road could be effective at drawing passers-by in. | ||
=== Operational Updates - | === Operational Updates - Chris/Molly (20 min) === | ||
* | * Additional bike-builder (Nathan) hired until end of May at least | ||
** Nathan to be based out of downtown shop for 14 hrs/week | |||
** Will be working to build bikes to sell | |||
* Wage Subsidy Situation | |||
** As of last week, would need to take in no more than $16000 more revenue before we wouldn't qualify. | |||
** Wage subsidy is worth ~$12000 to us, so we'd need to make that to break even. | |||
** Will be receiving wage subsidy March and April | |||
** Are looking at hiring an additional bike builder to work under the wage subsidy | |||
** Today, Trudeau announced that they plan to extend the wage subsidy, with more details to come. | |||
* If we access CERB, it will work out better financially both for Bike Edmonton and staff | |||
=== Fundraising - Jeremy (20 min) === | === Fundraising - Jeremy (20 min) === | ||