AG 2005 02 21 - 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 is being developed by the firm of Leak- Goforth and is expected to be completed by the fall of 2005. Upon completion, or.near completion, of the plan, the County and the EDC Board shall determine the resources necessary to provide the CORE. SERVICES. Such resources will be provided by Cabarrus County. For FY 2005, the County will reimburse the EDC for the costs of providing services ata level substantially similar to those provided by the EDC in FY2004, up to $38,500 per month. B. MARKETING AND RECRUITMENT SERVICES In addition to the above, the City of Concord will provide the EDC with supplemental revenues of $30,000.00 for the term of this contract to promote Cabarrus County as the best place for targeted industries to. locate their businesses. The City of Kannapolis will contribute an amount between $20,000 to $30,000, and the Town of Harrisburg will contribute $2,559 for the same purpose. 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 I; -I: