04-28-14 Meeting of the La Porte Development Corporation Board of Directors

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REQUEST FOR LA PORTE DEVELOPMENT CORPORATION AGENDA REQUEST FOR LA PORTE DEVELOPMENT CORPORATION AGENDA ITEMITEM April 28, 2014April 28, 2014AppropriationAppropriation Agenda Date Requested:Agenda Date Requested: 4B Board 4B Board Scott D. Livingston Scott D. Livingston Source of Funds:Source of Funds: Requested By:Requested By: N/A N/A Economic Development/Tourism Economic Development/Tourism Account Number:Account Number: Department: Amount Budgeted:Amount Budgeted: Report:Resolution:Resolution:Ordinance:Ordinance: Amount Requested:Amount Requested: Exhibits: Budgeted Item:Budgeted Item:YESYESNONO SUMMARY & RECOMMENDATIONSSUMMARY & RECOMMENDATIONS The intent of this agenda item is to foster an open discussion about what the 4B Board wishes to do to support The intent of this agenda item is to foster an open discussion about what the 4B Board wishes to do to support Workforce DevelopmentWorkforce Developmentin La Porte. 4B funds must be given only for in La Porte. 4B funds must be given only for primary job trainingprimary job training; ; they cannot be they cannot be legally used to support public education, general education, or career awareness. legally used to support public education, general education, or career awareness. Usually, development corporations use workforce development/training funds as an incentive to either Usually, development corporations use workforce development/training funds as an incentive to either However, the 4B Board may However, the 4B Board may lure a new industry to town or encourage an existing industry to expand.lure a new industry to town or encourage an existing industry to expand. also wish to consider using all or a portion of the funds to support also wish to consider using all or a portion of the funds to support Workforce DevelopmentWorkforce Developmentin any of the in any of the additional and following ways:additional and following ways: staff and/or 4B Board approved staff and/or 4B Board approved funds funds to reto re--train existing train existing (1) Givecompanies in La Portecompanies in La Porteup frontup front employees and/or train new employees. In this scenario, the development agreement with clawemployees and/or train new employees. In this scenario, the development agreement with claw--back provisions back provisions would be with each company. would be with each company. staff and/or 4B Board approved staff and/or 4B Board approved funds funds to reto re-train (2) ReimburseReimbursecompanies in La Portecompanies in La Porteafter the factafter the fact existing employees and/or train new employees. In this scenario, the development agreement with clawexisting employees and/or train new employees. In this scenario, the development agreement with clawexisting employees and/or train new employees. In this scenario, the development agreement with clawexisting employees and/or train new employees. In this scenario, the development agreement with claw--back back back back provisions would be with each company.provisions would be with each company. Pay (3) San Jacinto College, any other institution of higher learning, or specialized trainerSan Jacinto College, any other institution of higher learning, or specialized trainer directly to give directly to give primary job trainingprimary job trainingto new and/or existing employees of staff and/or 4B to new and/or existing employees of staff and/or 4B (s)/consultant(s)(s)/consultant(s) Board approvedBoard approved. In this scenario, the development agreement would be with San Jacinto . In this scenario, the development agreement would be with San Jacinto companies in La Porte companies in La Porte College, any other institution of higher learning, or the specialized trainer(s)/consultant(s).College, any other institution of higher learning, or the specialized trainer(s)/consultant(s). Pay (4) San Jacinto College, any other institution of higher learning, or specialized trainerSan Jacinto College, any other institution of higher learning, or specialized trainer directly to give directly to give primary job trainingprimary job trainingto staff and/or 4B Board approved to staff and/or 4B Board approved . (s)/consultant(s)(s)/consultant(s)citizens of La Portecitizens of La Porte In this scenario, the development agreement would be with San Jacinto College, any other institution of higher In this scenario, the development agreement would be with San Jacinto College, any other institution of higher learning, or the specialized trainer(s)/consultant(s).learning, or the specialized trainer(s)/consultant(s). Give funds to the Give funds to the to hold in earnest and pay upon staff to hold in earnest and pay upon staff (5) San Jacinto College Education FoundationSan Jacinto College Education Foundation and/or 4B Board approval to San Jacinto College to give and/or 4B Board approval to San Jacinto College to give primary job trainingprimary job trainingto new and/or existing employees to new and/or existing employees of staff and/or 4B Board approvedof staff and/or 4B Board approved. In this scenario, our development agreement would . In this scenario, our development agreement would companies in La Porte companies in La Porte be with both the San Jacinto College Education Foundation and San Jacinto College.be with both the San Jacinto College Education Foundation and San Jacinto College. Give funds to the Give funds to the to hold in earnest and pay upon staff to hold in earnest and pay upon staff (6) San Jacinto College Education FoundationSan Jacinto College Education Foundation and/or 4B Board approval to San Jacinto College to give and/or 4B Board approval to San Jacinto College to give primary job trainingprimary job trainingto staff and/or 4B Board approved to staff and/or 4B Board approved . In this arrangement, our development agreement would be with both the San Jacinto . In this arrangement, our development agreement would be with both the San Jacinto citizens of La Portecitizens of La Porte