Res 2003-163 - Laserfiche WebLink

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155. ECONOMIC DEVELOPMENT AGREEMENT This contract is dated September 23,,2003, and is between the City of San Marcos, Texas, a Texas municipal corporation (the "City"), the Greater San Marcos Economic Development Council (the "EDC") and the San Marcos Area Chamber of Commerce (the "Chamber"). RECITALS: 1. The Chamber administers a community economic development program through the EDc. . 2. The City Council desires to approve an amended contract with the EDC and the Chamber for fiscal year 2003-2004 for professional services to promote orderly and responsible economic development for the San Marcos geographic area. AGREEMENT: 1. JOINT OBLIGATIONS OF EDC AND CHAMBER A. EDC and Chamber shall conduct and administer an economic development program, the mission of which will be to enhance and diversifY the San Marcos area economy. EDC and Chamber agree to use their best efforts to accomplish this mission by using the following strategies and actions to achieve the following goals during the tenD of this Agreement: Goal No.1: Retention and Expansion of Existing Primary Employers Strategy: Conduct a business retention/expansion program, maintaining close ties through regular contact with existing primary employers. Actions: 1. 2. Visit primary employers a minimum of twice annually. Attend montlùy meeting of the San Marcos Manufacturers' Association. 3. 4. Make trips, when appropriate, to a local company's headquarters. Maintain and host the San Marcos Manufacturers' Association website. 5. Update the Manufacturers Directory. Goal No.2: Recruit Primary Employers Strategy: Directly or indirectly facilitate the attraction of new primary employers through a targeted marketing campaign. Actions: 1. Present marketing materials to regional allies such as: utilities, real estate brokers, site Page 1