Title
a. Approve the FY 2014-15 Development Set-Aside Agency Standard Agreement with the Monterey County Business Council; and
b. Authorize the Economic Development Director to execute the Agreement with the Monterey County Business Council for the period of one (1) year, for the term July 1, 2014 through June 30, 2015, in an amount not to exceed $87,210.
Report
RECOMMENDATION:
It is recommended that the Board of Supervisors:
a. Approve the FY 2014-15 Development Set-Aside Agency Standard Agreement with the Monterey County Business Council; and
b. Authorize the Economic Development Director to execute the Agreement with the Monterey County Business Council for the period of one (1) year, for the term July 1, 2014 through June 30, 2015, in an amount not to exceed $87,210.
SUMMARY:
In March 2003, the Monterey County Business Council in partnership with the County, launched the Competitive Clusters (C?) Initiative, a strategic project designed to implement near term economic development and provide an economic vision and strategic framework to guide development efforts in the future. Since its inception, the C? has brought together over 6,800 leaders to identify critical issues and challenges facing the industry in six on-going Clusters: 1) Agriculture, 2) Tourism, 3) Higher Education & Research, 4) Green Building & Design, 5) Wellness & Lifestyle, and 6) Creative & Technology.
The purpose of the Agreement is to continue efforts to develop and facilitate the Competitive Clusters (C?) Project, as well as to implement key cluster initiatives and projects. The C? Project also compliments the County's four key economic pillars: 1) Tourism, 2) Agriculture, 3) Small Business, and 4) Higher Education/Marine Research.
The Board's Economic Development Committee reviews and provides oversight in the distribution, funding, and performance auditing of the Monterey County Business Council. Monitoring includes the 4-Month, 8-Month and 12-Month Reports, Annua...
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