Title
Authorization to Enter Into Contract with Greater Phoenix Economic Council (Ordinance S-43736)
Description
Request to authorize the City Manager, or his designee, to enter into a one-year contract with the Greater Phoenix Economic Council (GPEC) for fiscal year 2017-18 for economic development services in an amount not to exceed $760,941. Further request to authorize the City Controller to disburse the necessary funds related to this item.
Report
Summary
GPEC's mission is to attract quality businesses and advocate for Greater Phoenix's competitiveness. The City of Phoenix has been a member of GPEC since its inception in 1989. In addition to Phoenix, 22 other municipalities, Maricopa County and more than 170 private-sector investors financially support GPEC's mission.
This year's request includes both formula-based funding in the amount of $685,941 and funding for supplemental business attraction services in the amount of $75,000, for a total cost of $760,941. All supplemental services will solely benefit the City and may include enhanced marketing, media support, market research and other services to support the City's economic development efforts.
Contract Term
The term of this one-year contract is July 1, 2017, to June 30, 2018.
Financial Impact
The new contract will not exceed $760,941, with costs shared by the Aviation, Public Works, Water Services and Community and Economic Development departments.
Concurrence/Previous Council Action
This item was recommended for approval by the Downtown, Aviation, Economy and Innovation Subcommittee at its June 7, 2017, meeting by a vote of 4-0.
Department
Responsible Department
This item is submitted by Deputy City Managers Paul Blue and Karen Peters, and the Aviation, Public Works, Water Services and Community and Economic Development departments.