AG 2010 10 18 - Laserfiche WebLink

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WHEREAS; the EDC has requested funding from the County to assist in financing the provision of the "core economic development services" and that these funds be solely for the public good to further a public purpose; and WHEREAS; the services, goods and programs offered by the EDC constitute a public purpose offered to benefit the citizens and residents of Cabarrus County; and WHEREAS; the County desires to provide funding to the EDC to assist in financing the cost provide the services, goods and programs stated below; NOW THEREFORE; for and in consideration of the sum of up to $21,833.33 per month to be paid by the County as described below, the EDC agrees to provide the following services to the County: 1. DUTIES AND SERVICES PROVIDED BY THE EDC TO THE COUNTY - The EDC will continue to function as the primary marketer and prospect - servicing agency for Cabarrus County's economic development program to assure continued growth and viability in the County and for the municipalities within the county. The EDC will build strong relationships with key decision - makers in targeted industries and to leverage relationships with these decision - makers to cause them to expand existing facilities if here, or to relocate to Cabarrus County if not. A. CORE SERVICES: To fulfill these duties and services the EDC will provide the activities listed immediately below. 1. Maintain an updated listing of all industrial buildings and sites that are available in Cabarrus County to provide prospects with quick and accurate responses to needs. 2. Coordinate with land representatives (brokers, landowners etc) to provide all necessary information on properties that meet prospect criteria. 3. Coordinate with municipal and county staff to provide information useful in positioning sites and buildings as most suitable. 4. During prospect visits, make persuasive presentations on the viability of all Cabarrus County properties that meet prospect criteria. 5. Involve municipal and county representatives in presentations to prospects as appropriate. 6. Follow -up with representatives and prospects. 7. Aggressively work with municipal, County, and State existing industry representatives to develop a program to identify existing businesses in Cabarrus County planning to expand and work with companies to support expansion efforts. 8. Support these existing businesses by developing an internal marketing program and maintaining a database to facilitate the matching of manufacturers, vendors and purchasers. Provide follow -up problem solving /expansion consulting services to existing local businesses. Attachment number 1 G -3 Page 494