Title
Resolution Authorizing an Interlocal Agreement to Create the Guilford County Economic Development Alliance (GCEDA) and to Contribute $100,000 for Shared Costs of the Organization
Body
Department: Executive
Council District: All
Public Hearing:
Advertising Date/By:
Contact 1 and Phone: Jim Westmoreland, City Manager - 373-2002
Contact 2 and Phone: Kathi Dubel, Manager - EDBS - 373-4579
PURPOSE: To authorize execution of an interlocal agreement and funding in the amount of $100,000.
BACKGROUND: During a joint meeting with the Greensboro City Council, High Point City Council and Guilford County Board of Commissioners on November 20, 2015, the three (3) governmental entities resolved to create a coalition, along with The Greensboro Partnership and the High Point Economic Development Corporation (HPEDC), to conduct a more united approach to economic development matters in Guilford County. As result of the creation of the Guilford County Economic Development Alliance (GCEDA), the parties were tasked with developing a formal agreement outlining the structure and responsibilities of the GCEDA entities.
The managers of the three (3) local governments, and the presidents of the Greensboro Partnership and the High Point Economic Development Corporation, have incorporated the terms of the original proposal and the resolution into an agreement. The agreement establishes a Leadership Group which consists of eight members representing the local governments and chairs of each economic development organization. The two (2) presidents of the economic development organizations serve as ex-officio members. The Chairmanship of the Leadership Group alternates annually between the chairs of the Greensboro Partnership and the HPEDC; the GCEDA director position alternates between the two (2) presidents annually. The Leadership Group will meet at least once per month and two meetings have been held to date.
The Agreement also establishes a Bu...
Click here for full text