HomeMy WebLinkAboutMINUTES - 12151998 - C152 ................................................................................
..........................................................
TO: BOARD OF SUPERVISORS
FROM: Dennis M. Barry, AICP
Community Development Director
DATE: December 15, 1998
SUBJECT: Contra Costa Economic Partnership Incubator Assistance
SPECIFIC REQUEST(S) OR RECOMMENDATIONS(S) & BACKGROUND AND JUSTIFICATION
RECQMMENDATION-S
AUTHORIZE a conditional commitment of$100,000 over 2 years to the Contra Costa Economic
Partnership for small business incubator development; and AUTHORIZE the Deputy Director-
Redevelopment to execute a contract for FY 98/99 in an amount not to exceed $50,000.
FIS AL IMPACT
No general funds involved. Allocations not to exceed $100,000 (maximum $50,000 per year)
would be made from Fund #111300, sub account 1596, which are available for economic
development, community development and housing purposes.
BACKER UNDJ'REASONS FOR REQOMMENDATIONS
Contra Costa Economic Partnership has the development of small business incubators
throughout the County as one of its highest priorities. Your Board recently received a report
from the leadership of the Economic Partnership on the success of its software incubator in
Concord. A number of other small business incubator initiatives are in the start-up phase. The
County Redevelopment Agency is also pursuing the establishment of a small business incubator
for machining and tooling in the North Richmond community. The Economic Partnership has
ongoing development work proceeding in the areas of telecommunications, bio-tech, and
general business. Existing incubators may also need assistance prior to realizing financial
stability.
CONTINUED ON ATTACHMENT: _x–YES SIGNATURE:
RECOMMENDATION OF COUNTY ADMINISTRATOR
ECOMMEND167 TION OF BO D
APPROVE OTHER
COMMITTEE
SIGNATURE(S):
ACTION OF BOARD ON- December 15 . 1998 APPROVED AS RECOM'M'ENDED j_ OTHER
VOTE OF SUPERVISORS
I HEREBY CERTIFY THAT THIS IS A
XjL_ UNANIMOUS (ABSENT TRUE AND CORRECT COPY OF AN
AYES: NOES: ACTION TAKEN AND ENTERED ON THE
ABSENT:— ABSTAIN:. MINUTES OF THE BOARD OF
SUPERVISORS ON THE DATE SHOWN.
Source: Community Development
335-1255 ATTESTED December 15 , 1998
cc: County Administrator PHIL BATCHELOR, CLERK OF
County Counsel THE BOARD OF SUPERVISORS
Auditor-Controller AND COUNTY AOMINISTRATOR
via Community Development: �d
Contra Costa Economic Partnership 13�hh 4V jMtOWE DEPUTY
Ccecon.bos 1Vj
The County generally, as well as County Redevelopment Project areas, may benefit from
the on-going success of these Contra Costa Economic Partnership Business Incubator
Programs. The annual assistance will permit the partnership to undertake development
work with some knowledge of on-going financial support from the County. Annual
contracts would be developed to reflect then current conditions related to Contra Costa
Economic Partnerships, County Redevelopment Agency initiatives, and linkages to other
County programs such as CalWorks, PIC, etc. Annual contract would specify the work
program for FY 98199 and FY 99100.
Ccecon.bos