Title
Report regarding a resolution authorizing the acceptance of a $200,000 contribution from County of San Mateo to support the development of the North County Business Resource Center and approving Budget Amendment Number 22.012 appropriating the funds. (Ernesto Lucero, Economic Development Coordinator)
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RECOMMENDATION
Recommendation
Staff recommends that the City Council adopt a resolution authorizing the acceptance of a $200,000 contribution from County of San Mateo to support the development of the North County Business Resource Center and approving Budget Amendment Number 22.012 appropriating the funds in the Economic and Community Development Department General Fund operating budget.
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BACKGROUND
On March 9, 2021, the County of San Mateo Board of Supervisors approved an appropriation of $200,000 for the development of a small business center that would serve communities in northern San Mateo County. Subsequently, the City began to implement economic mobility initiatives for small business and entrepreneurial support, and workforce development.
The City Council then approved a Memorandum of Understanding (“MOU”) with County of San Mateo on March 24, 2021, defining a partnership for specifically the small business support services, and also described a County financial contribution of $200,000 towards Year One expenses for the North County Business Resource Center. On April 14, 2021, the City Council also approved a resolution that appropriated $2 million towards operational costs of the Center towards the small business and entrepreneurial support program and the workforce development program. The approved resolution also awarded and approved one-year contracts with Renaissance Entrepreneurship Center (“Renaissance”) to operate the North County Business Resource Center, as well as JobTrain to operate the targeted workforce development program in South San Francisco.
DISCUSSION
As the MOU and contract with Renaissance have now been executed, the proposed resolution allows the acceptance of the $200,000 contribution from County of San Mateo and appropriates the funds. The funds can be used to support Renaissance’s contract, as well as operating expenses for the leased office space at 366 Grand. The County funds will augment the City’s $2 million appropriation for the Economic Mobility Hub programs.
FISCAL IMPACT
There is no net new fiscal impact to the General Fund since the appropriation will be offset by the receipt of the $200,000 financial contribution made by County of San Mateo towards the North County Business Resource Center.
CONCLUSION
This report seeks Council consideration of a resolution authorizing the acceptance of a $200,000 contribution from County of San Mateo to support the development of the North County Business Resource Center and approving Budget Amendment Number 22.012 appropriating the funds in the Economic and Community Development Department General Fund operating budget.