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Receive an update from the Solano Economic Development Corporation on 2024 activities and accomplishments
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Published Notice Required? Yes ___ No _X_
Public Hearing Required? Yes ___ No _X_
DEPARTMENTAL RECOMMENDATION:
The County Administrator’s Office recommends the Board of Supervisors receive an update from the Solano Economic Development Corporation on 2024 activities and accomplishments.
SUMMARY/DISCUSSION:
The Solano Economic Development Corporation (Solano EDC) will present an update of activities and accomplishments for the 2024 calendar year, including updates on the following efforts: Moving Solano Forward III, the American Rescue Plan funded Revolving Loan Fund, the Metropolitan Transportation Commission/Association of Bay Area Governments funded Priority Production Area ($500K) and Priority Development Area ($400K) grants and Bay Area Regional Energy Network (BayREN) programs.
FINANCIAL IMPACT:
The costs associated with preparing the agenda item are nominal and absorbed by the Department’s FY2024/25 Working Budget.
ALTERNATIVES:
The Board may choose not to receive this presentation. This is not recommended, however, because the Board contributes funds to the Solano EDC, and this is an opportunity to receive a report on activities and accomplishments over the 2024 year.
OTHER AGENCY INVOLVEMENT:
None.
CAO RECOMMENDATION:
APPROVE DEPARTMENTAL RECOMMENDATION