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City Council Meeting Minutes August 3, 2021 <br />the same activities were all done in-house. The presentation this afternoon will <br />highlight the different aspects of the contract, suggested enhancements, and <br />council's feedback which will be included in the final agreement when the plan <br />is brought back for consideration in September. <br />Direction that is needed this afternoon includes the term of the agreement, the <br />amount of investment and the scope of work. <br />Ms. Lee provided information about the GSMP and stated they are a <br />non-profit 501(c)6 formed in 2010. They represent Hays and Caldwell Counties <br />and are guided by a 5 -year strategic plan, Vision 2025. Oversight is provided <br />by a board of community/regional stakeholders. <br />Ms. Lee provided reasons why the GSMP is used: <br />• The City invests $400,000 and benefits from GSMP's $1.6 million operation <br />• The City would be unable to provide the same staffing and service for <br />$400,000. GSMP employs nine full-time professionals in areas of- <br />- Marketing & Communications, Business Attraction, Workforce, Business <br />Retention & Expansion, Project Management, Research, and Administration. <br />• Site selection responses <br />• Small Business Development <br />• Business Retention & Expansion assistance <br />• Workforce Development programming <br />Ms. Lee provided reasons why an Economic Development organization is used: <br />• Serves as intermediary between individuals/businesses and government <br />• Additional layer of confidentiality for businesses during preliminary . <br />discussion <br />• Strength in regionalism and public -private -partnerships <br />• Economic development leads to job and wealth creation <br />Other Texas regional economic development include the Greater Houston <br />Partnership, Greater Austin Chamber of Commerce <br />Greater San Antonio Texas Partnership, Bay Area Houston Economic <br />Partnership, Corpus Christi Regional Economic Development Corporation, <br />Katy Area Economic Development Council, Rio Grande Valley Partnership, <br />and Texas Forest Country Partnership. <br />Ms. Lee provided examples of Economic Development Activities by the GSMP <br />including, develop Economic Development Policy and priorities, market the <br />City of San Marcos outside the region, cultivate job and capital investment <br />City of San Marcos Page 2 <br />