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Res 2018-185/approving an agreement with the Greater San Marcos Economic Development Corporation (GSMP) for Economic Development Services, providing for payments for such services in the amount of $375,000 per year over a term of three years, with an opt
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Res 2018-185/approving an agreement with the Greater San Marcos Economic Development Corporation (GSMP) for Economic Development Services, providing for payments for such services in the amount of $375,000 per year over a term of three years, with an opt
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Agreement
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2018-185
Date
10/1/2018
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established economic development goals. <br />2. Facilitate two (2) educational events focused on entrepreneurship in <br />partnership with the city and other local partners. <br />D. Business Retention and Expansion. The Corporation, through the President/ <br />CEO, agrees to function as the City's initial contact for current employers and businesses in <br />matters related to economic development and will work to diversify and grow the local <br />economy through a targeted BRE program. <br />Objective: Execute an annual BRE strategy that identifies local firms for surveys, <br />fills requests for assistance, and inquiries. <br />Deliverables: <br />1. Implement a Business Retention & Expansion (BRE) program to discover <br />challenges and opportunities faced by local SMEs and provide reports to City <br />Manager for review and direction. <br />2. Partner closely with local organizations to act as a resource for local <br />businesses. <br />E. Business Recruitment (Contacts and Leads). The Corporation, through the <br />President/ CEO, agrees to function as the City's initial contact for prospective employers and <br />businesses in primary industry sectors in matters related to economic development and will <br />work to diversify and grow the local economy through a targeted business recruitment program. <br />At least monthly, the Corporation shall provide to the City Manager, or his or her designee, a <br />written report identifying all business prospects with which the Corporation has made contact. <br />The President/CEO will continue to pursue business leads on behalf of the City and participate <br />in the negotiation of incentives with all such prospects. The President/CEO may also assist <br />other municipal members of the Corporation to pursue business leads generated by such <br />municipality provided that assisting such other municipality does not conflict with the City's <br />pursuit of a business lead. <br />Objective: Execute an annual business recruitment strategy in target industry <br />sectors that will generate high quality jobs for San Marcos. <br />Deliverable: A minimum of 85% of all projects pursued for which the <br />Corporation is the primary responder will be on behalf of the City. In the event <br />that this measure is not met, the Corporation will provide documentation to <br />explain the failure to meet the 85% measure. <br />F. Workforce Development. The quality of a community's workforce is the most <br />important competitive asset it can offer current and future businesses. The Corporation will <br />continue efforts to ensure that the City has the workforce needed for a diverse and growing <br />economy. <br />Objective: Align education and training efforts with job creation so that local <br />citizens have the training they need to more effectively compete for knowledge - <br />W <br />
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