AG 2004 12 20 - Laserfiche WebLink

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Attachment Recommendation for Cabarrus County Tourism Authority Support of the Cabarrus County Economic Development Initiative Purpose: The Cabarrus County Tourism Authority strongly supports the initiative to broaden and improve the economic development program for Cabarrus County. The Authority recognizes that successful efforts to attract new business to our county or expand existing businesses in the county will eventually result in increased business travel expenditures. Therefore, the Tourism Authority will become a partner in the newly constituted Economic Development Corporation. Financial Support: Just as many private businesses and municipal governments have done, the Tourism Authority will make a three-year commitment to financially support the Economic Development Corporation. The Authority's pledge will be $25,000 per year for three years. Representation on the Economic Development Board: In recognition of the Authority's commitment, the Tourism Authority will be provided one voting seat on the new Economic Development Board. Location of the Convention & Visitors Bureau Offices: Recognizing the importance of the close cooperation that currently exists between the CCCVB and the Cabarrus Regional Chamber, the CCCVB's office will remain in the Chamber building under a new three-year lease. This will also enable the Bureau to work closely with the staff of the new Economic Development Corporation which will also be housed in the Chamber Building. MarketinQ Cooperation: The Tourism Authority will commit to working closely with both the Chamber and the Economic Development Corporation to market the county. This will encourage the development of the correct imaging for both tourism development and economic development. The Tourism Authority will also set aside funds to assist economicdevelopment efforts that will promote the county as a tourism destination. file: proposed CCCVB econ dev corp partnership i ...., 1=- J '?.