Sitting City Councilman Mike Barber, who profits from Greensboro's taxpayers via First Tee of the Triad, receives benefits from Jim Melvin's Bryan Foundation, which supports his income.
"Piedmont Triad Partnership absorbing Piedmont Angel Network
The Piedmont Triad Partnership is taking over management of the Piedmont Angel Network, a group of Triad investors that has pumped more than $12 million into companies both inside and outside the region since 2001.
...Under the new arrangement, PAN Fund Executive Andy Dreyfuss will join the PTP staff and continue to provide administrative oversight for the group and its portfolios.
...Instead of requiring a large upfront commitment from members who vote on what investments to make as a group, network members will pay a smaller fee to join and will be able to make their own investment decisions.
...Charles "Chip" Hagan, a co-chair of PAN and one of its member-investors, said the group has always considered itself to have a hand in economic development along with its primary goal of providing a return to its members."
Any council members with a financial interest in the Piedmont Angel Network or any of the Bryan Foundation's board members or Piedmont Triad Partnership board members need to recuse themselves.
Per the 2012 IRS form 990, the Bryan Foundation appears to have invested in "Piedmont Angel Network Two, LLC., and provides money to the Piedmont Triad Partnership, which took over the Angel Network under David Powell.
City Council member Yvonne Johnson and Henry Isaccson, whose son Marc recused himself on the Lee Comer deal and contributed to Zack Matheny in 2014, were Piedmont Triad Partnership board members.
Piedmont Triad Partnership and Bryan Foundation board members Robert E. Long and Jim Melvin contributed to Zack Matheny in 2014.
Jim Melvin serves on both the Bryan Foundation and Piedmont Triad Partnership boards.
Piedmont Triad Partnership board members Jon Bell and Nido Qubein contributed to Zack Matheny's 2014 congressional race.
From Piedmont Triad Partnership's 2013 990;
REGIONAL ECONOMIC DEVELOPMENT FOCUSES IN SEVERAL AREAS
THE FOCUS IN 2013 AND FORWARD IS TOWARD THE FOLLOWING DEVELOPMENT AND STRATEGIC AREAS DEVELOPMENT OF ...IDENTIFYING THE KEY AREAS WHERE A TRIAD REGIONAL COLLABORATIVE APPROACH CAN BE ADDITIONAL TO EFFORTS AT CITY AND COMMUNITY LEVEL THIS INCLUDES ADMINISTRATION OF THE PIEDMONT ANGEL NETWORK STRATEGIC PROJECTS SUCH AS MEGA SITE FOCUSING ON PURCHASING LAND TO PROVIDE ECONOMIC DEVELOPMENT OPPORTUNITIES
I can't find Triad First Capital's IRS form 990, and have asked for it from David Powell, Zack Matheny, Jim Melvin and Nancy Vaughan.
Doesn't sound like a non-profit, but they say it is.
Updated; Who would be stupid enough to spend $22.5 million to get water and sewer to a Megasite, about 10 miles away from another that already has it?
Who on Greensboro's City Council is going to have to recuse themselves on the Megasite?
Compare Sam Simpson and Zack Matheny's current exploits to; 12/31/13; "Robbie Perkin's 9,000 acres, Project Haystack, "Incentives" and the Rhino Times"
Heasley on Hartzman on the Water, Sewer deal to enrich an unknown group of what looks like Greensboro's crony elite, led by Jim Melvin, Zack Matheny and Sam Simpson
Greensboro "Found" $2.2 Million To Give To Rich Developers
How many times does it take for Greensboro's taxpayers and voters...
How Nancy Vaughan and Zack Matheny give money to their Irving Park friends and contributors, while stiffing East Greensboro
180 Existing Mega Sites and Now 181: "And then what? What's next?"
Two different stories, two different demographics, two different outcomes, two different worlds, two sets of rules