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ITEM 11
City Council Memorandum Economic Development Memo No.
ED24-001
Date:
July 17, 2023
To:
Mayor and Council
Thru:
Joshua H. Wright, City Manager
Andy Bass, Deputy City Manager
Micah Miranda, Economic Development Director
From:
Edyie McCall, Economic Development Senior Program Manager
Subject:
Greater Phoenix Economic Council (GPEC) Agreement for Fiscal Year 2023-24
Proposed Motion:
Move City Council approve the Fiscal Year (FY) 2023-24 agreement with the Greater Phoenix Economic Council (GPEC) for regional economic development services, in the amount of $138,532, for the period of July 1, 2023, through June 30, 2024.
Background/Discussion:
The City of Chandler and 21 other communities in the Metro Phoenix area contract with GPEC on an annual basis to receive regional economic development services. The City of Chandler has partnered with GPEC for more than 30 years. Key benefits of this partnership include marketing and business development lead generation.
As part of the City’s partnership with GPEC, Economic Development staff participates in regional economic development activities, including responses to GPEC originated business attraction prospects and assisting with the formulation of an Action Plan (Exhibit A). Staff also participates on the Economic Development Directors Team (EDDT) and attends strategic sales missions with GPEC staff.
The annual contract amount for GPEC is based on the State of Arizona Office of Economic Opportunity’s 2022 population estimate for Chandler (282,891) multiplied by a fixed amount per capita ($.4897). The City’s contracted rate for FY2023-24 is $138,532.
During the last fiscal year, GPEC released 120 Requests for Proposals (RFPs) for businesses seeking to locate in the region, of which City Economic Development staff responded to 50. These RFPs provided Chandler with the opportunity to compete for projects that represented the potential to:
Add up to 9,474 jobs;
Absorb up to 10,478,000 square feet of office and industrial space; and
Invest up to $11.7 billion in capital expenditures
Exhibits in the FY2023-24 contract include an action plan, performance measures, target industries, reporting mechanisms, insurance requirements, and a regional cooperation protocol policy.
Financial Implications:
Funds for the FY2023-24 agreement with GPEC, in the amount of $138,532, are available in the Economic Development cost center account 101.1520.5243.0000.
Attachments
GPEC Agreement
Exhibit A - GPEC Action Plan
Exhibit B - GPEC Performance Measures
Exhibit C - Targeted Industries
Exhibit D - Reporting Mechanism for Contract Fulfillment
Exhibit E - Insurance Requirements
Exhibit F - Regional Cooperation Protocol Policy
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