Title
a. Consider options for recommendation to the Board of Supervisors for the Development Set-Aside Program and recommend a preferred option, and
b. Provide direction to staff.
Report
RECOMMENDATION:
It is recommended that the Economic Development Committee:
a. Consider options for recommendation to the Board of Supervisors for the Development Set-Aside Program and recommend a preferred option, and
b. Provide direction to staff.
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 economic development goals.
Current Program: Currently, 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 agreements provide funding for programmatic efforts which complement existing economic priorities of the Board of Supervisors strategic initiatives.
Recommendation: At the direction of the Board of Supervisors during the May 31, 2023, budget hearings, Economic Development st...
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