Manatee County Government Administrative Center Honorable Patricia M. Glass Chambers, First Floor 9:00 a.m. - November 19, 2019
November 19, 2019 - Regular Meeting
Agenda Item #72

Bradenton Area Economic Development Corporation FY 2019-2020 Marketing and Business Develoment Funding Agreement


Contact and/or Presenter Information
Geri Lopez
Redevelopment & Economic Opportunity Director
Ext. 3937

Action Requested
Authorization for the County Administrator, or designee, to execute the agreement between Manatee County Government and the Bradenton Area EDC for economic development activities to promote the business brand in Manatee County through aggressive local and global marketing and business development activities for FY 2019-2020.

Enabling/Regulating Authority
Florida Statute 125.045 County Economic Development Powers

Background Discussion
The Bradenton Area Economic Development Corporation (BAEDC) is designated by Enterprise Florida as the primary organization responsible for coordinating local, regional, and state economic development activities focused on the retention, expansion, and attraction of new companies to Manatee County, resulting in the creation of quality jobs and increased capital investment.

The BAEDC is a not for profit corporation established by local business people to foster economic development in the community and is responsible for actively promoting the business brand for Manatee County through aggressive local and global marketing and business development activities.

Manatee County is a political subdivision authorized to fund economic development activities within its boundaries pursuant to Florida Statute 125.045.

The County acknowledges that it would not otherwise perform the functions of the BAEDC as set forth in the agreement.

The agreement includes specific and measurable goals and outcomes to be accomplished by the BAEDC.

Monies have been appropriated annually for economic development activities to be carried out by the BAEDC. The County has $311,000 in the FY 2019-2020 budget to fund this obligation.

County Attorney Review
Not Reviewed (Utilizes exact document or procedure approved within the last 18 months)

Explanation of Other

Reviewing Attorney

Instructions to Board Records

Original signed copy to Geri Lopez, Redevelopment & Economic Opportunity Department (geri.lopez@mymanatee.org).

Cost and Funds Source Account Number and Name
0010015806 $177,000, 1070015806 $134,000 = $311,000

Amount and Frequency of Recurring Costs
$311,000, 1 year

Attachment:  BAEDC 2019-2020 Mktg Biz Dev Signed Agreement.pdf