Subject:
Title
Cost Reimbursement Sub-agreement 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 Sub-agreement with the University of South Florida for providing educational training and counseling to small businesses in Pinellas County.
• Pinellas County Economic Development will provide 2,901 consulting hours to a minimum of 181 unique clients 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 $98,726.40 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, 2025 to December 31, 2025.
• Funding for this cost reimbursement sub-agreement is included in the current year budget of the Economic Development Department in the General Fund.
Body
Strategic Priorities:
Prosperity and Opportunity
3.5 Foster business growth
Summary:
The University of South Florida will retain Pinellas County Economic Development to undertake activities to support the Sub-agreement entitled “2025 Pinellas County Federal Subcontract.” The Sub-agreement 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 sub-agreements with their partners. USF signs the Cost Reimbursement Sub-agreement following County Administration.
Fiscal Impact:
Revenue in the amount of $98,726.40 will be paid to the County by the University of South Florida in support of the Small Business Development Center. This funding is part of a cost reimbursement sub-agreement under which the County serves as a subrecipient of a federal grant. The revenue is included in the current year budget of the Economic Development Department within the General Fund and represents a portion of the total $219,392.00 in cost reimbursements expected to be received by the County by the close of Fiscal Year 2025.
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