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Adopt a resolution to approve the Comprehensive Economic Development Strategy (CEDS) prepared by the Solano EDC; and Direct the Solano EDC to submit the CEDS to the U.S. Economic Development Administration (EDA) for their review and approval
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Published Notice Required? Yes ____ No __X_
Public Hearing Required? Yes ____ No __X_
DEPARTMENTAL RECOMMENDATION:
The County Administrator's Office recommends that the Board of Supervisors:
1. Consider adopting a resolution to approve the Comprehensive Economic Development Strategy (CEDS), prepared by the Solano Economic Development Corporation (EDC), with input from all seven incorporated cities, the Solano Transportation Authority and Solano County; and
2. Direct the Solano EDC to submit the CEDS to the U.S. Economic Development Administration (EDA) for their review and approval.
SUMMARY:
In 2013, the Board of Supervisors accepted a grant from the Office of Economic Adjustment (OEA) to develop a countywide economic strategic approach to further diversify the Solano County economy so that the local economy is less dependent on defense expenditures at Travis Air Force Base. That project, called Moving Solano Forward-Economic Diversification Study Project (MSF I) was completed in 2014.
In August of 2015, Solano County was awarded a second grant from the OEA in the amount of $453,460. The County and Solano Economic Development Corporation (Solano EDC) provided $53,208 in match funding to meet the 10% local match requirement. The grant funding allowed the County to undertake the economic diversification project called Moving Solano Forward Phase 2 - Implementation of Diversifying Actions (MSF II) Project. The Board approved a Memorandum of Understanding (MOU) with the Solano EDC to assist with administering the grant, manage the project and to undertake development of the Solano EDC Transition Plan. The MOU was for $176,625.
The MOU, in part, called for the Solano EDC to prepare a CEDS...
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