Economic Development Partnership Board Agenda Information Sheet
DEPARTMENT: Economic Development
CM/ DCM/ ACM: Bryan Langley
Date: September 13, 2017
SUBJECT
Title
Receive a report and hold a discussion regarding the City of Denton's economic development contract with the Denton Chamber of Commerce.
Body
BACKGROUND
The City Council and the Denton Chamber of Commerce first entered into an economic development partnership agreement in 1986. The City's participation consists of General Fund and Utility Funds dollars and provides for the administration and operation budget of the Chamber of Commerce's Office of Economic Development that includes:
* Prospect generation activities
* Marketing activities, i.e. trade shows, publishing/printing, website(s) administration, marketing materials
* Economic Development Partnership Board support
* Small Business Development Center support
Exhibit 2 is the draft of an economic development program agreement between the City and the Chamber. This draft is significantly different from prior years' agreements in that it includes specific goals, deliverables, and metrics for the Chamber's Office of Economic Development (under 2. Duties of the Office), along with enhanced clauses regarding financial reporting (under 2.g.i. and 3. Support Services and Funding), insurance requirements (under 5. Insurance), and indemnity (under 6. Indemnity).
After the Chamber Board's meeting on Aug. 31, Chamber staff expressed two concerns with the draft contract that was presented to Council:
* The expectation of a 20% increase in page views unique users at DentonEDP.com continuing year after year
* Metrics requiring that the Chamber provide the source of leads, including the name/contact information of the company when there may be non-disclosure agreements required to be signed by Chamber staff
City staff responded that the 20% increase is applicable for the FY 17-18 contract only, and metrics for future contracts will be determined at the...
Click here for full text