6.
City Council Work Session - AMENDED
- Meeting Date:
- 10/27/2015
- Co-Submitter:
- David McIntire, Asst to CM for RE/Acting Com. Inv. Mgr.
- From:
- David McIntire, Asst to CM for RE/Acting Com. Inv. Mgr.
- Department:
- Economic Vitality
Co-Submitter:
TITLE:
The Northern Arizona Center for Entrepreneurship and Technology (NACET) and the Economic Collaborative of Northern Arizona (ECoNA) Annual Updates.
DESIRED OUTCOME:
NACET and ECoNA are organizations that use City resources as a part of their mission to assist in the economic vitality of Flagstaff and the region at large. The desired outcome of the presentation will be to inform City Council about their current efforts and successes they are involved in and have accomplished.
EXECUTIVE SUMMARY:
NACET - The City's relationship with NACET is governed by three agreements. The Service Agreement provides NACET with the responsibility and resources to attract and retain start-ups, Tier 2 companies and entrepreneurs; and to provide them with business coaching and mentoring on a variety of important areas. The other two agreements are Master Leases to the two buildings at Innovation Mesa built as the Business Incubator and the Business Accelerator. The Incubator provides space to the businesses receiving services to assist them in building their ideas into realities and acquiring additional skills and capacity necessary to fully succeed in the competitive marketplace. The Accelerator provides an area, to be leased by users, where businesses continue to receive services as they scale up and prepare to fully integrate into the marketplace. Both facilities are a part of the concept of economic gardening which is based on the idea that small, locally based businesses are often the driver of successful economies and are key to the unique nature of Flagstaff.
ECoNA - The City is a member of ECoNA which is a regional organization working to develop the economic capacity of northern Arizona. ECoNA brings together many different entities from diverse sectors of society and multiple communities to assist in the building of regional prosperity. The economic health of the region has a powerful impact on the vitality of the Flagstaff economy as we often share workforce and residents travel and shop in their neighbor communities.
ECoNA - The City is a member of ECoNA which is a regional organization working to develop the economic capacity of northern Arizona. ECoNA brings together many different entities from diverse sectors of society and multiple communities to assist in the building of regional prosperity. The economic health of the region has a powerful impact on the vitality of the Flagstaff economy as we often share workforce and residents travel and shop in their neighbor communities.
INFORMATION:
COUNCIL GOALS:
9) Foster relationships and maintain economic development commitment to partners
10) Decrease the number of working poor
REGIONAL PLAN:
Goal ED 3 - Regional economic development partners support the start-up, retention, and expansion of existing business enterprises.
9) Foster relationships and maintain economic development commitment to partners
10) Decrease the number of working poor
REGIONAL PLAN:
Goal ED 3 - Regional economic development partners support the start-up, retention, and expansion of existing business enterprises.