Subject:
Title
Cost Reimbursement Subagreement with the University of South Florida for funding in the Small Business Development Center.
label
Recommended Action:
Recommended Action
Approval and execution by the County Administrator of a Cost Reimbursement Subagreement with the University of South Florida for providing educational training and counseling to small businesses in Pinellas County.
• Pinellas County Economic Development will provide 2,640 consulting hours in the service areas of start-up assistance, business plan assistance, marketing/growth assistance, procurement assistance, and capital access assistance.
• Revenue in the amount of $219,391.60 to be paid to the County by the University of South Florida for consulting services to new and existing small businesses.
• The period of the award is January 1, 2024, to December 31, 2024.
• Funding for this cost reimbursement subagreement is included in the current year budget of the Economic Development Department in the General Fund.
Body
Strategic Plan:
Foster continual economic growth and vitality
4.1 Proactively attract and retain businesses with targeted jobs to the County and the region
Deliver First Class Services to the Public and our Customers
5.1 Maximize partner relationships and public outreach
Summary:
The University of South Florida will retain Pinellas County Economic Development to undertake activities to support the Subagreement entitled “2024 Small Business Development Center.” The Subagreement activities will include providing educational training and counseling to small businesses in Pinellas County, and to develop legislative, community, and business relationships within Pinellas County.
Background/Explanation:
All Florida SBDC’s must offer an appropriate mix of core consulting, education and information services that achieve performance expectations and meet local needs.
This is the federal portion of the annual contract for services for the Small Business Development Center (SBDC).
The Florida SBDC leadership at the University of West Florida oversees the entire federal funding channel. They first disburse the funds to the regional centers, such as USF, who in turn develop subagreements with their partners. USF signs the Cost Reimbursement Subagreement following County Administration.
Fiscal Impact:
Revenue in the amount of $219,391.60 to be paid to the County by the University of South Florida for the Small Business Development Center. Funding for this cost reimbursement subagreement is included in the current year budget of the Economic Development Department in the General Fund.This funding is received by the County as a subrecipient of a federal grant.
Delegated Authority:
Authority for the County Administrator to sign this Agreement is granted under Code Section 2-62 (a)(1).
Staff Member Responsible:
Dr. Cynthia Johnson, Director, Economic Development
Partners:
University of South Florida
Attachments:
Cost Reimbursement Subaward