HomeMy WebLinkAboutMINUTES - 06181996 - C55 Contra
~ TO: BOARD OF SUPERVISORS '-^ - ? Costa
_l.. M J County
FROM: Harvey E. Bragdon
Director of Community Development
DATE: June 18, 1996
SUBJECT: Contra Costa Economic Partnership
SPECIFIC REQUEST(S) OR RECOMMENDATIONS(S) & BACKGROUND AND JUSTIFICATION
RECOMMENDATIONS
AUTHORIZE the commitment of$15,000 in County Trust Funds to the Contra Costa Council
for partnership support in Fiscal Year 1996-97.
FISCAL IMPACT
No General Funds would be involved. The Trust Funds to be used (810900-0830, Sub-
Account 018-108-010) are available solely for housing, community development and economic
development purposes.
BACKGROUND/REASONS FOR RECOMMENDATIONS
In 1994 the County issued a Challenge Grant of$50,000 to the Contra Costa Council for the
development of an Economic Development Strategic Plan. The Council matche hose funds
CONTINUED ON ATTACHMENT: XX YES SIGNATURE:
RECOMMENDATION OF COUNTY ADMINISTRATOR F ECOMMEND IONOF BO D
COMMITTEE APPROVE OTHER
SIGNATURE(S):
ACTION OF BOARD ON June 18, . 1996 APPROVED AS RECOMMENDED X OTHER
VOTE OF SUPERVISORS
I HEREBY CERTIFY THAT THIS IS A
X 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: Jim Kennedy
335-1255
cc: Community Development ATTESTED June 18, 1996
Redevelopment Agency PHIL BATCHELOR, CLERK OF
County Administrator THE BOARD OF SUPERVISORS
County Counsel AND C ADMINIS T;
OR
Contra Costa Council
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with other private and public sector commitments, and proceeded to prepare an Economic
Development Strategic Plan. The major recommendation of the strategic planning process
was to create an Economic Partnership Organization. The purpose of the partnership
through its leadership and committed investments would be to:
• Expand local high wage industries;
• Nurture small emerging businesses and emerging new technology driven
companies;
• Business retention/expansion efforts;
• Entrepreneurial development; and
• Research and marketing.
The Contra Costa Economic Partnership has been in existence approximately one year.
The bulk of the funding to support this Economic Partnership are coming from the private
sector. The County's initial commitment of $10,000 in FY 95/96 was matched by
commitments made by the cities of Antioch, San Ramon, Hercules, Richmond, Concord,
Walnut Creek, Brentwood and Martinez. Approximately $120,000 in funds were secured
from the private sector. The Contra Costa Economic Partnership's pursuit of additional
private sector investment is ongoing.