Manatee County Government Administrative Center First Floor, Commission Chambers 9:00 a.m. - January 23, 2018
REVISED January 23, 2018 - Regular Meeting
Agenda Item #40

Bradenton Area Economic Development Corporation Agreement


Contact and/or Presenter Information
Karen Stewart
County Economic Development Official
Ext. 6832

Action Requested
Authorization for the County Administrator 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 2017-2018.

Enabling/Regulating Authority
FS 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 has been updated to include specific and measurable goals and outcomes to be accomplished by the BAEDC.

Monies have been appropriated annually for the last few years for economic development activities to be carried out by the BAEDC. The County has $300,000 in the FY 2017-2018 budget to fund this obligation.

County Attorney Review
Formal Written Review (Opinion memo must be attached)

Explanation of Other

Reviewing Attorney

Instructions to Board Records
Original signed copy to Karen Stewart, Redevelopment & Economic Opportunity Department (karen.stewart@mymanatee.org).

Cost and Funds Source Account Number and Name
0010015806 $170,000, 1070015806 $130,000 = $300,000

Amount and Frequency of Recurring Costs
$300,000, 1 year

Attachment:  Clague-RLS BAEDC Agreement.pdf
Attachment:  BAEDC Agreement Final.pdf