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REQUEST FOR LA PORTE DEVELOPMENT CORPORATION BOARD <br />Agenda Date Requested: May 24, 2021 <br />Requested By: Jason Weeks, Asst. City Mgr. <br />Department: Administration/CMO <br />Report i' Resolution ir" Ordinance <br />Exhibits: New Agreement and Old Agreement <br />AGENDA ITEM <br />Appropriation <br />Source of Funds: 038 — EDC Fund <br />Account Number: 038-6030-565-3001 <br />Amount Budgeted: $20,000 <br />Amount Requested: $20,000 <br />Budgeted Item: 4' Yes No <br />SUMMARY & RECOMMENDATION <br />The current agreement with the Economic Alliance Houston Port Region ("Alliance") <br />expires on June 30, 2021. We've received a request to renew the economic <br />development services agreement with the Alliance for thirty-six (36) month period <br />beginning July 1, 2021 and ending June 30, 2024 in the annual amount of $20,000. La <br />Porte may terminate this agreement at any time by giving thirty (30) days' written notice <br />to the Alliance. There are no changes other than the date in the renewal agreement. <br />The annual economic development services agreement includes: <br />• One educational seminar specific to La Porte for local economic and community <br />development professionals, as well as government officials, local business and <br />community leaders. <br />• Establish an ongoing program to develop quality prospect leads, focusing on the <br />targeted industries of greatest importance to La Porte. <br />• Undertake or update workforce analyses to provide current data targeted to <br />prospective industries. <br />• Interact with local, state, and federal officials, and local economic development <br />organizations and chambers of commerce on a regular basis. <br />• Compile and disseminate economic and business related data to La Porte on at <br />least an annual basis. <br />• Interact with the Texas Department of Economic Development on behalf of La <br />Porte and other economic development groups to acquire economic business <br />related data. <br />