Agenda Information Sheet
DEPARTMENT: Economic Development
CM/ ACM: Jon Fortune
Date: September 20, 2016
SUBJECT
Title
Consider adoption of an ordinance approving an agreement between the City of Denton, Texas, and the Denton Chamber of Commerce regarding an Economic Development Partnership; and providing an effective date [$238,836.00].
Body
BACKGROUND
The City Council and the Denton Chamber of Commerce first entered into an economic development partnership agreement in 1986. The attached contract represents the 2016-17 annual agreement and funding for the Denton Chamber of Commerce Economic Development program.
The City's participation consists of General Fund and Utility Fund dollars and provides for the administration and operation budget of the Chamber of Commerce that includes:
* Prospect generation activities
* Marketing activities, i.e. trade shows, publishing/printing, website administration, marketing materials
* Economic Development Partnership Board support
* Small Business Development Center support
In addition to City funds, the Chamber of Commerce solicits $64,000 in private-sector funding to enhance economic development efforts.
In January 2016, the City's Department of Development Services and the Chamber's Office of Economic Development commissioned the Novaces Agile Economic Development consulting report, which recommended certain changes to the responsibilities of the City of Denton and the Denton Chamber of Commerce under the Denton Economic Development Partnership. These changes included:
* Shifting the responsibility for request for proposals (RFP) preparation from the Chamber to the City;
* The Chamber instituting the use of a "marketing scorecard" to gauge the effectiveness of its marketing activities;
* The City and Chamber jointly using a customer relationship management program to streamline communications and share prospect information.
The report and its recommendations were presented to the Economic Development Partne...
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