Title
a. Consider providing support for the revised Development Set Aside (DSA) guidelines brought forth by the Ad hoc Committee and recommend to the Board of Supervisors for approval; and
b. Consider providing support for the revised funding allocations for the DSA agencies and recommend to the Board of Supervisors for approval; and
c. Recommend staff to review economic development programs across the nation that are similar to the DSA and return with findings at a future meeting.
Report
RECOMMENDATION:
It is recommended that the Economic Development Committee:
a. Consider providing support for the revised Development Set Aside (DSA) guidelines brought forth by the Ad hoc Committee and recommend to the Board of Supervisors for approval; and
b. Consider providing support for the revised funding allocations for the DSA agencies and recommend to the Board of Supervisor for approval; and
c. Recommend staff to review economic development programs across the nation that are similar to the DSA and return with findings at a future meeting.
SUMMARY/DISCUSSION:
Program Background: The Board of Supervisors for the County of Monterey established the Economic Development Set-Aside (DSA) Program (Program) in 1985 to promote and expand tourism, economic and agriculture development and cultural art activities that strengthen and broaden the County's economic base. At the time the Board designated the Monterey County Travel and Tourism Alliance (MCTTA), Economic Development Corporation of Monterey County (EDC), Monterey County Film Commission (MCFC) and the Cultural Council for Monterey County (CCMC) to serve as the County's partners to implement the Program. The Program underwent revisions in 1994, 2002-2006, and 2007 and involved multiple agencies (see Exhibit A). The most recent change introduced a formula-based, non-competitive funding approach for the Program, aiming to streamline funding and ensure cost-effective delivery of essential services supporting the county's...
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