Res 2016-166/approving an agreement with the Greater San Marcos Economic Development Corporation (GSMP) for Economic Development Services

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and opportunities faced by local SMEs and provide report to City Manager for review and direction. 3. Facilitate two (2) educational events focused on entrepreneurship in partnership with the city and other local partners. 4. Organize the Entrepreneur Ecosystem Implementation Work Group to implement Vision 2020 Strategy. D. Business Retention and Expansion (BRE). The Corporation, through the President/CEO, agrees to function as the City's initial contact for current employers and businesses in matters related to economic development and will work to diversify and grow the local economy through a targeted BRE program. Objective: Execute an annual BRE strategy that identifies local firms for surveys, fills requests for assistance, and inquiries. Deliverables: 1. Organize the Existing Business Implementation Work Group to implement the Vision 2020 Strategy. 2. Partner closely with local organizations to act as a resource for local businesses. E. Business Recruitment (Contacts and Leads). The Corporation, through the President/CEO, agrees to function as the City's initial contact for prospective employers and businesses in primary industry sectors in matters related to economic development and will work to diversify and grow the local economy through a targeted business recruitment program. At least monthly, the Corporation shall provide to the City Manager, or his or her designee, a written report identifying all business prospects with which it has made contact. The President/CEO will continue to pursue business leads on behalf of the City and participate in the negotiation of incentives with all such prospects. The President/CEO may also assist other municipal members of the Corporation to pursue business leads generated by such municipality provided that assisting such other municipality does not conflict with the City's pursuit of a business lead. Objective: Execute an annual business recruitment strategy in target industry sectors that will generate high quality jobs for San Marcos. Deliverables: 1. A minimum of 85% of all projects pursued for which the Corporation is the primary responder will be on behalf of the City. In the event that this measure is not met, Corporation will provide documentation to explain the failure to meet the 85% measure. 2. Organize the Recruitment Implementation Work Group to implement the Vision 2020 Strategy. F. Workforce Development. The quality of a community's workforce is the most important competitive asset it can offer current and future businesses. The Corporation will continue efforts to ensure that San Marcos has the workforce needed for a diverse and growing economy. Objective: Align education and training efforts with job-creation so that local citizens have the training they need to more effectively compete for knowledge- intensive industries. 2