Res 2000-185 - Laserfiche WebLink

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46. ECONOMIC DEVELOPMENT AGREEMENT RECITALS: 1. The San Marcos Area Chamber of Commerce (the "Chamber") administers a community economic development program through the Greater San Marcos Economic Development Council (the "EDC"). 2. The City of San Marcos (the "City") desires to renew its contract with the EDC and the Chamber for fiscal year 2000-2001 for professional services to promote orderly and responsible economic development for the San Marcos geographic area. This agreement is made by and between the City, the EDC and the Chamber. AGREEMENT: 1. JOINT OBLIGATIONS OF EDC AND CHAMBER A. EDC and Chamber shall conduct and administer an economic development program which has as its mission the promotion of economic growth and the generation of productive employment opportunities in San Marcos while enhancing the unique quality oflife in San Marcos. 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 term of this Agreement: Goal No.1: The attraction of new high quality jobs. Strategy- To directly or indirectly facilitate the attraction of new jobs that provide sustainable wages, benefits and opportunities for advancement through national prospect development efforts, investors and through spin-offs of existing local firms. Actions: 1. Provide fast, quality response, information and hosting services to every contact by phone, mail, Internet or direct contact. 2. Implement the Target Marketing Plan. 3. Update, expand and further utilize the "incentive bank" for appropriate prospects. Goal No.2: The retention and expansion of existing business and industry. Strategy- Conduct a strong business retention/expansion program, maintaining close ties through regular contact with major area employers.