SUBJECT:
Title
Request Approval of 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, 2024 to September 30, 2025 (Budget Impact - Neutral; expenditure of $300,000)
Body
INITIATOR: DEPARTMENT:
Susan Olsen, Director Procurement Services
DESCRIPTION/BACKGROUND:
The Ocala Metro Chamber and Economic Partnership (CEP) will provide 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 provide to Marion County, establishing the criteria that will be used in evaluating overall performance, making payments, and continuation of services beyond the current term of the agreement.
Attached is a vendor-signed contract and an approved LRM from Legal. Pending approval at today’s meeting, it will be presented to the Chair for signature.
BUDGET/IMPACT:
Neutral; expenditure of $300,000 in twelve (12) installments of $25,000.
RECOMMENDED ACTION:
Recommended action
Motion to approve and authorize the Chair 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, 2024 to September 30, 2025.
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