AG 2006 07 10 - Laserfiche WebLink

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17. Develop and maintain relationships with individual NC Department of Commerce economic development representatives to hear their perspectives and recommendations; discuss projects they are working and how the County may fit their prospects' needs. 18. Develop and maintain relationships with other economic development allies such as businesses that are financially contributing to the EDC, the Convention and Visitor's Bureau, Concord Downtown Development Corporation and others who benefit from economic development activities. 19. Coordinate with Chamber of Commerce and local education and training institutions in the area of Workforce Development and provide information from local businesses about the supply and quality of available labor and specific needs for improvement. 20. Respond to referrals from participating local governments. 21. Develop a comprehensive economic development plan that specifically describes the requirements and strategies necessary for achieving the most successful economic development program possible. Such a plan was developed by the firm of Leak-Goforth and completed by the fall of 2005. For FY 2006-07, the County will reimburse the EDC for the costs of providing services at a level substantially similar to those provided by the EDC in FY 2005-06, up to $36,500 per month. B. MARKETING AND RECRUITMENT SERVICES In addition to the above, the Cities of Concord and Kannapolis will provide the EDC with supplemental revenues of $60,000.00 and $40,000.00 respectively for the term of this contract to promote Cabarrus County as the best place for targeted industries to locate their businesses. The Town of Harrisburg will contribute $5,118.00 for the same purpose. The Towns of Midland and Mt. Pleasant will be invited to participate based upon a $5,000.00 contribution from each to the EDC. Each town will be allowed to submit a list of five names for consideration for appointment to the EDC Board. One person from each list will be selected for appointment by the EDC Board. EDC will develop and implement an aggressive marketing plan that provides for program analysis and measurement while also making business recruitment trips and other contacts to increase penetration into desired target industries by performing the following: Activities: 1. Develop and implement a multi-year marketing plan including targeted advertising and supported by the production of high-quality demographic, economic, and promotional material to be used for direct mail, prospect visits, business recruitment trips, trade missions and follow-up contacts. Plan should include milestones to gauge program success and for fine-tuning the program. 2. Use targeted industry list (automotive equipment; motorsports; information technology manufacturing, service and wholesale trade; finance; insurance; and headquarters and office space and research and development activities for regional 3 F-.:II