Title
Planning and Building Department, Economic Development Division, recommending the Board:
1) Receive a presentation from Barry Broome, President and CEO for Greater Sacramento Economic Council on achievements and the County’s return on investment for Fiscal Year (FY) 2019-20; and
2) Provide direction to Staff on renewal of an Agreement with Greater Sacramento Economic Council for FY 2020-21 in an amount not to exceed $63,252.
?
FUNDING: N/A
Body
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. Staff is seeking direction from the Board regarding the FY 2020-21 Agreement as the not to exceed amount is increasing from $62,345 to $63,252. This cost is based on the $0.40 per capita rate applied to the Public Jurisdiction’s population as reported in the 2019 population estimates from the California Department of Finance Demographic Research Unit, which listed unincorporate...
Click here for full text