Title
Chief Administrative Office, Economic Development Division, recommending the Board consider the following:
1) Receive a presentation from Barbara Hayes, President and CEO of Sacramento Area Commerce and Trade Organization (SACTO) providing a report on the value of El Dorado County's investment in SACTO; and
2) Authorize payment of membership fees to SACTO in the budgeted amount of $6,000 for FY 2013-14 and provide direction to staff regarding continued membership and contribution rates. (Est. Time: 30 Min.)
FUNDING: General Fund/Transient Occupancy Tax (TOT) (No Federal Funds).
Body
BUDGET SUMMARY:
Total Estimated Cost…………… $6,000.00
Budget - Current FY…………… $6,000.00
Budget - Future FY………………
New Funding…………………….
Savings…………………………
Other……………………………
Total Funding Available………… $6,000.00
Change To Net County Cost…… $0
Fiscal Impact/Change to Net County Cost
There is no change to Net County Cost. Funding is available within the FY 2013-14 Economic Development program budget.
Background
The Sacramento Area Commerce and Trade Organization (SACTO) was established 36 years ago as a private, non-profit economic development organization working to bring together organizations, information, and resources in the pursuit of jobs, talent and investment needed to ensure regional prosperity and global competiveness.
SACTO Key Points:
· SACTO's primary goal and measurement of success is the creation/retention of jobs and investment for the Sacramento Region.
· Every city and county in the six-county Greater Sacramento Area is a member of the organization, as well as nearly 500 of the leading private sector businesses, institutions of higher learning and workforce investment boards.
· SACTO uses partnerships to leverage resources, knowledge and connections to help the regional business community succeed and grow.
El Dorado County has maintained a non-contractual membership with SACTO since September ...
Click here for full text