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St. Croix Economic Development Corporation (EDC) held its Annual Meeting on Tuesday, May 9th. A slate of officers for 2023-2024 and three new board members were elected, along with the re-election of two directors.

Krista Paulus, Commercial Relationship Manager, Security Financial Bank (River Falls, WI branch), was elected President. She has served on the board since 2020 and replaces Aaron Sundeen who completed his term as President. He will continue to serve on the board and the executive committee as Past President.

Susan Yohnk Lockwood, Vice President, Institutional Effectiveness and New Richmond Campus Administrator, Northwood Technical College (New Richmond, WI), was elected First Vice President.

Tom Loonan was elected Second Vice President. He is an attorney and shareholder with Eckberg Lammers. He practices civil municipal law and business law.

Marina Onken was re-elected Corporate Secretary-Treasurer. She retired as Dean of the College of Business and Economics (CBE) at UW-River Falls in late 2021 and is now Professor Emeritus of Strategy and Innovation at CBE.

Krista Paulus and Brian Zelenak were re-elected to the board. They will serve final three-year terms, ending in May 2026.

Carrie Borgstrom (left), Brian Hinz (center) and Ann Searles (right) were elected to three-year terms on the board. Borgstrom is a business banking officer with Royal Credit Union (RCU). Hinz is a partner with Studio EA, and provides architecture, interiors, and management services to commercial, industrial, and residential clients. Searles is the executive director with St. Croix Valley Food Bank, Inc.

The board of directors accepted the 2022 financial review from Jason Zahradka, CPA with Guinn, Vinopal & Zahradka, LLP.

The board honored Popenhagen (left photo), Ring, (center photo) and Sparks (not pictured) at the conclusion of the Annual Meeting. New President Paulus (right photo) also honored past president Aaron Sundeen.