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AGREEMENT BETWEEN THE CITY OF SAN MARCOS AND <br /> THE GREATER SAN MARCOS ECONOMIC DEVELOPMENT CORPORATION <br /> FOR ECONOMIC DEVELOPMENT AND SMALL BUSINESS <br /> ECONOMIC DEVELOPMENT SERVICES <br /> This Agreement for Economic Development and Small Business Economic Development <br /> Services (the "Agreement") is entered into by and between the City of San Marcos, a Texas <br /> municipal corporation (the "City") and the Greater San Marcos Economic Development <br /> Corporation, d/b/a, the Greater San Marcos Partnership (the "Partnership") and is dated and <br /> effective October 1, 2024. <br /> AGREEMENT: <br /> SECTION 1. OBLIGATIONS OF THE PARTNERSHIP <br /> A. Provision of Professional Services. Subject to and in accordance with the terms of <br /> this Agreement, the Partnership agrees to provide professional economic development services for <br /> the City each year during the term hereof. All deliverables shall be done each fiscal year of the <br /> Agreement term. The Partnership agrees to provide necessary skilled and knowledgeable <br /> personnel, equipment, and supplies for the administration and operation of the economic <br /> development services provided under this Agreement, in accordance with the City approved <br /> allocation approved by the City Council. The Partnership agrees that the size,assignments and roles <br /> of Partnership staff members performing services under this Agreement will be subject to <br /> evaluation and approval by the Partnership in response to work demands, individual skill sets, and <br /> the performance measures in the Vision 2025 Economic Development Strategy. <br /> B. Mission and Goals. The mission of the Partnership's economic development <br /> services will be to enhance and diversify the San Marcos area economy. The Partnership agrees to <br /> accomplish this mission by implementing the measures identified in the Vision 2025 Economic <br /> Development Strategy for the following goals: <br /> 1. Support Quality Employment Growth <br /> 2. Optimize the Local Talent Base, including Workforce Development <br /> initiatives. <br /> 3. Accommodate and Manage Quality Growth <br /> 4. Enhance Community Appeal. <br /> C. Small Business Development. The Partnership will continue its efforts in working <br /> with prospects that are small businesses and, in doing so, commit substantial resources in terms of <br /> time,personnel and funds to the growth of local small and medium enterprises(SMEs)providing or <br /> creating primary sector jobs within San Marcos.For the purpose of this Agreement,SMEs shall mean <br /> any business meeting the Small Business Administration's (SBA) definition. The Partnership <br /> will also ensure microbusiness, defined as those with less than ten employees, are included in <br /> its program offerings. <br /> Page 1 of 12 <br />