|Manatee County Government Administrative Center Commission Chambers, First Floor 9:00 a.m. - September 24, 2013|
Agenda Item #32
Economic Development Corporation Outreach Agreement Amendment
Contact and/or Presenter Information
Cheri R. Coryea, Director
Neighborhood Services Department
Authorize the Chairman to execute an Amendment to the Funding Agreement with the Manatee Economic Development Corporation NKA Bradenton Area Economic Development Corporation for the completion of Outreach Services.
Efficiency in Service Delivery.
In April of 2010, the Board executed a funding agreement in the amount of $400,000 to the Economic Development Council, NKA the Bradenton Area Economic Development Corporation or BAEDC.
The agreement provides funds for the BAEDC to perfrom Outreach Services to include but not be limited to; "Destination Manatee" Marketing and Branding Plan, North American Prospect Missions, Trade shows, Video and Electronic Marketing, International Trade (Exports/Imports), and Targeted Business Sector Planning.
In June of 2012 the funding agreement was extended to September 30, 2013, no additional funds were allocated and the BAEDC continued to draw down funds related to the Outreach Services listed above.
In February of this year the BAEDC name change was formally approved by the State of Florida, and the organization moved their location from the downtown Manatee Chamber of Commerce Office to the Lakewood Ranch Chamber location.
An amendment is needed at this time to formally recognize the name change to the Bradenton Area Economic Development Corporation, correct the organizations physical location and to extend the contract time to September 30, 2014.
The BAEDC Outreach Services program has a remaining balance of $82,048 and will be conducting the remaining contract services during the period October 1, 2013 - September 30, 2014.
County Attorney Review
Not Reviewed (No apparent legal issues)
Explanation of Other
Instructions to Board Records
One original for Board Records and one original to Cheri Coryea, Neighborhood Services Department.
Cost and Funds Source Account Number and Name
$ 82,048 001.0015806 Economic Development
Amount and Frequency of Recurring Costs
Term Agreement ending 9/30/14
Attachment: Bradenton Area EDC Amendment 2013.pdf