Title
Planning and Building Department, Economic Development Division, recommending the Board:
1) Receive and file a presentation from the Greater Sacramento Economic Council (GSEC) on their achievements in FY 2023-24 and plans for future support in El Dorado County in FY 2024-25; and
2) Provide direction to staff to renew the contract with GSEC for FY 2024-25 and include the funding in the FY 2024-25 Adopted Budget.
FUNDING: Discretionary Transient Occupancy Tax.
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DISCUSSION / BACKGROUND
The Greater Sacramento Economic Council (GSEC), is a public-private partnership for growth strategies in the Capital Region of California. The organization spearheads community-led direction to retain, attract, grow, and scale new businesses, develop advanced industries, and create jobs and investment throughout the region. GSEC represents a collaboration between local and state governments, market leaders, influencers, and stakeholders, with the sole mission of driving economic growth.
On August 2, 2016 the Board of Supervisors approved the first Agreement with GSEC in the amount of $60,187 with an initial term effective upon execution and continuing through June 30, 2017 (Legistar Item #16-0606 v1). The Agreement provided for the County’s participation with GSEC as a voting member, and economic development related services including regional, statewide, and international strategy development, assistance with retention and expansion of existing businesses within the County, and research on key retention and expansion projects.
The Agreement renews each subsequent fiscal year unless terminated by either party. The FY 2024-25 Agreement would be slightly decreasing from $63,448 to $63,149. This cost is based on the $0.40 per capita rate applied to the Public Jurisdiction’s population as reported in the 2023 population estimates from the California Department of Finance Demographic Research Unit, which listed unincorporated El Dorado County as having a population of 15...
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