COUNCIL AGENDA ITEM
SUBJECT:
title
Annual Cooperative Agreement Renewal Team Volusia Economic Development Corporation
body
DEPARTMENT:
Economic Development
SUMMARY:
The purpose of this Agreement is to support and implement a program of economic and business development and expansion throughout Volusia County in order to enhance the economic well-being of the citizens of the City. To this end, the City desires to contract with TVEDC in order to provide for implementation of the economic and business development program and to ensure accountability for the use of public funds in the amount of $25,000.00 as approved in the FY 2020 - 2021 budget.
The City of Edgewater joined Team Volusia in the fall of 2015. Since joining, Team Volusia has been instrumental in assisting City of Edgewater fill vacant industrial manufacturing facilities such as the former Coronado Paint facility, now Dougherty Manufacturing and SOLACE Boats, Viking Pure at 501 Pullman with Northwest Lineman College, Schultz Engineering at 435 Air Park Rd. This past fiscal year, Team Volusia has provided key market data and content for the Southeast Volusia Manufacturing & Technology Coalition web site and social media campaign; the partnership between the cities of Edgewater, Oak Hill and New Smyrna Beach, Southeast Volusia Chamber of Commerce and Team Volusia.
In addition, the City of Edgewater has submitted property data for 7 different business prospects via Team Volusia. Team Volusia has also brought business prospects to the City of Edgewater to which City Economic Development Coordinator has had the opportunity to meet these business prospects, show properties and highlight the area. Also, a prime property located in ParkTowne Industrial Center was chosen by a Site Selectors group hired by Team Volusia with grant dollars received from Duke Energy to be considered in the “Site Readiness” Program with a full analysis and feedback to the property owner and City to help promote the property to a manufacturer.
BUDGETED ITEM: ☒ Yes ☐ No ☐ Not Applicable
BUDGET AMENDMENT REQUIRED: ☐ Yes ☒ No ☐ Not Applicable
RECOMMENDED ACTION:
Staff recommends motion for approval to authorize the Mayor and City Manager to execute the Cooperative Agreement with Team Volusia Economic Development Corporation.