Agenda Item Wording:
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Membership Agreement - Receive update report from the Tulare County Economic Development Corporation and authorize continued membership for Fiscal Year (FY) 24/25 in the amount of $60,000.
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Deadline for Action: 6/17/2024
Submitting Department: Community Development
Contact Name and Phone Number:
Devon Jones, Economic Development Manager, devon.jones@visalia.city, (559) 713-4190
Department Recommendation:
Receive update report from the Tulare County Economic Development Corporation (TCEDC) and continue membership for FY 24/25 in the amount of $60,000.
Background Discussion:
The Tulare County Economic Development Corporation (TCEDC) is providing the attached report and presentation for FY 2023/24. TCEDC will review specific activity highlights from the current FY but, generally speaking, staff continues to see value in the TCEDC's efforts in generating and responding to site location prospect inquiries. Prospect inquiries are mostly industrial in nature, though TCEDC's real estate database (https://tularecountyedc.giswebtechguru.com/) markets commercial properties of various types and their broker and site selector network may also represent other types of projects such as retail.
Staff works closely with TCEDC staff on prospect activity and ongoing marketing of the city. Both Airica de Oliveira and Shawna Bryant are readily available to city staff for any applicable needs and have proven to be very responsive and hard working on the city's behalf in generating and responding to site location prospects. The attached preliminary workplan is the interim workplan until the TCEDC Board can formally adopt the plan after the new Board Chair and officer slate take over. Mayor Poochigian is transitioning out this year as the chairperson of the TCEDC Board, with Tulare County Supervisor Amy Shuklian taking over the role next fiscal year. Staff has no reason to expect any major changes in the workplan for the coming fiscal year.
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