SUBJECT:
Title
Request Approval of Contract Amendment (Renewal): 22C-027-CA-05 CEP Funding Agreement - Ocala/Marion County Chamber of Commerce dba Ocala Metro Chamber and Economic Partnership for Economic Development and Small Business Incubator Services (Budget Impact - Neutral; expenditure of $300,000)
Body
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INITIATOR: |
DEPARTMENT: |
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Susan Olsen, Director |
Procurement Services |
DESCRIPTION/BACKGROUND:
The Ocala Metro Chamber and Economic Partnership (CEP) provides a series of economic development and small business incubator services to promote opportunities leading to the creation of new Marion County employment, new or emerging business formation, and new capital investment opportunities. This agreement describes the scope of services CEP will continue to provide to Marion County, establishing the criteria that will be used in evaluating overall performance, making payments, and continuing services beyond the current term of the agreement.
Attached for review is a draft of the agreement. Upon approval, it will be forwarded to CEP for signature and once returned will be routed to Legal, the Clerk, and Chairman for signatures.
BUDGET/IMPACT:
Neutral; annual expenditure of $300,000, in 12-monthly installments of $25,000.
RECOMMENDED ACTION:
Recommended action
Motion to approve and authorize the Chairman to execute the Contract Renewal between Marion County, Florida and the Ocala/Marion County Chamber of Commerce dba Ocala Metro Chamber and Economic Partnership for Economic Development and Small Business Incubator Services for the period beginning October 1, 2026, to September 30, 2027.
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