Title
a. Consider approving the revised Development Set-Aside (DSA) guidelines; and
b. Consider approving one of the three recommended options to revise funding allocations to the DSA Program.
Report
RECOMMENDATION:
It is recommended that the Board of Supervisors:
a. Consider approving the revised Development Set-Aside (DSA) guidelines; and
b. Consider approving one of the three recommended options to revise funding allocations to the DSA Program.
SUMMARY:
Program Background: The County of Monterey Board of Supervisors 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. The most recent change introduced a formula-based, non-competitive funding approach, aiming to streamline funding and ensure cost-effective delivery of essential services supporting the County's economic development goals.
Current Program: The DSA Agencies are the Monterey County Convention and Visitors Bureau (MCCVB), Arts Council for Monterey County (ACMC), Monterey County Film Commission (MCFC), and Monterey County Business Council (MCBC) with agreement extensions for each DSA Agency until June 30, 2024. These fiscal year agreements provide funding for programmatic efforts which complement existing economic priorities of the Board of Supervisors strategic initiatives.
At the November 1, 2023 meeting of the Economic Development Committee (EDC), the committee elected to move forward with the following recommendations:
A. Con...
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