Res 2015-065/agreement with the Greater San Marcos Economic Development Corporation (GSMP) for Economic Development Services

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t_ Ogles 1 ' ECONOMIC DEVELOPMENT This Agreement is Between the City of San Marcos and the Greater San Marcos Economic Development Corporation for Economic Development and Small Business Economic Development Services (the "Agreement ") is dated and effective June 1, 2015, and is between the City of San Marcos, Texas, a Texas municipal corporation (the "City ") and the Greater San Marcos Economic Development Corporation (the "Corporation "). AGREEMENT: SECTION 1. OBLIGATIONS OF THE CORPORATION A. Provision of Professional Services. The Corporation agrees to provide professional economic development services for the City. The Corporation agrees to provide necessary skilled and knowledgeable personnel, equipment, and supplies for the administration and operation of the economic development services provided under this Agreement, in accordance with the budget approved by the City Council. The Corporation agrees that the size, assignments and roles of Corporation staff members performing services under this Agreement will be subject to evaluation and approval by the Greater San Marcos Economic Development Corporation in response to work demands, individual skill sets, and the performance measures as approved by the city council in the Economic Development Strategy and Implementation Plan. B. Mission and Goals. The mission of the Corporation's economic development services will be to enhance and diversify the San Marcos area economy. The Corporation agrees to use its best efforts to accomplish this mission by: 1. Supporting Quality Growth in Export- Oriented Target Sectors through small business development, entrepreneurship, business attraction and business retention efforts. 2. Optimizing the local talent base, including workforce development initiatives. 3. Promoting San Marcos as a location for business. C. Small Business Development. The Corporation will continue its efforts in working with prospects that are small businesses and, in doing so, commit substantial resources in terms of time, personnel and funds to the growth of local SMF, (small and medium enterprises) of all sizes including, but not limited to micro- business. For the purpose of this agreement a small or micro business shall mean any business meeting the Small Business Administration's (SBA) definition. Objective: To diversify and grow the regional economy by working with local micro, small and medium enterprises (SMEs) in primary industry sectors by evaluating their needs and assisting them to find appropriate resources. Deliverables: 1. Facilitate two (2) educational events that communicate the efforts of the City to the public regarding their collaborative efforts in working towards established economic development goals. 2. Utilize Business Retention & Expansion (BRE) program to discover challenges and opportunities faced by local SMEs and provide report to City Manager for review and direction.