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6.b.

TCEDC Agenda

Meeting Date:

12/06/2023

Consider approval of a bid from The Luck Company for furniture and fixtures at the 6th Street business accelerator.

Submitted For:

Kristin Edwards

Submitted By:

Kristin Edwards, Economic Development

Department:

Economic Development

ACTION REQUEST (Brief Summary)

Consider approval of a bid from The Luck Company for furniture and fixtures at the 6^th Street business accelerator.

BACKGROUND

In its five-year Strategic Plan, the Texas City Economic Development Corporation directed staff to establish a business incubator/ “business accelerator” on 6^th Street. Staff identified and purchased a facility located at 607 6^th Street and purchase the property during fiscal year 2023. Since the purchase, staff has worked with The Luck Company (State Purchasing Contract) to determine the ideal furniture and fixtures for the facility. After multiple site visits, the final bid for these items has been submitted in the amount of $91,269.12.

A total amount of $300,000 is budgeted for in the Economic Development Corporation’s FY24 budget for building improvements and furniture/fixtures. The proposed bid allows these two areas to fall within the established budget.

ANALYSIS

Staff recommends approval of a bid from The Luck Company for furniture and fixtures at the 6^th Street business accelerator in the amount of $91,269.12.

ALTERNATIVES CONSIDERED

Attachments

Luck Company - Furniture bid

Resolution