Subject:
Title
Amend Cost Reimbursement Sub-agreement with the University of South Florida to increase funding in the Small Business Development Center.
label
Recommended Action:
Recommended Action
Approval and execution by the County Administrator of the Subaward Amendment to the Fiscal Year (FY) 2025 Cost Reimbursement Sub-agreement with the University of South Florida.
• Additional revenue in the amount of $120,665.60 to be paid to Pinellas County by the University of South Florida to support the delivery of educational training and counseling services for small businesses within the County.
• The period of the award is January 1, 2025 to December 31, 2025.
• The amendment authorizes total funding for reimbursement up to $219,392.00.
• Funding for this amendment to the 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 retained Pinellas County Economic Development to undertake activities to support the Sub-agreement entitled “2025 Pinellas County Federal Subcontract.” The Sub-agreement activities 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:
The FY2025 Cost Reimbursement Agreement with the University of South Florida was fully executed on September 2, 2025, making $98,726.40 immediately available to Pinellas County for reimbursement. The attached amendment provides the County with access to an additional $120,665.60, bringing the over-all funding available for reimbursement in FY2025 to $219,392.00.
Fiscal Impact:
Revenue in the amount of $120,665.60 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 the final portion of the total $219,392.00 in cost reimbursements expected by the County for FY2025.
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