TO: Members of the City Council
FROM: Mayor Angela Birney
DEPARTMENT DIRECTOR CONTACT(S):
|
Planning and Community Development |
Carol Helland |
425-556-2107 |
DEPARTMENT STAFF:
|
Planning and Community Development |
Philly Marsh |
Economic Development Manager |
|
Planning and Community Development |
Seraphie Allen |
Deputy Director |
TITLE:
title
Authorize Mayor to sign a Strategic Alliance Memorandum of Understanding (MOU) with the United States Small Business Administration
OVERVIEW STATEMENT:
recommendation
The purpose of this Strategic Alliance Memorandum (SAM) is to develop and foster mutual understanding and a working relationship between the Small Business administration (SBA) and the City of Redmond, WA in order to strengthen and expand small business development in the local area.
body
☐ Additional Background Information/Description of Proposal Attached
REQUESTED ACTION:
☐ Receive Information ☐ Provide Direction ☒ Approve
REQUEST RATIONALE:
• Relevant Plans/Policies:
Redmond 2030 Comprehensive Plan Economic Vitality Strategies:
EV-19 Participate in partnerships with other agencies, businesses, nonprofits, and other organizations that further the City’s economic vitality goals.
EV-20 Implement, in conjunction with business, education and other community partners, the Strategic Plan for Economic Development to…Identify strategies to retain existing businesses and help them succeed;
EV-21 Initiate or participate in the following activities in support of economic vitality: • Monitor future trends and economic conditions; • Prepare information for businesses on available public sector financing; • Support federal and state funding of cost-effective business financing programs;
• Required:
Council Approval required for signing of Memorandums of Understanding
• Council Request:
N/A
• Other Key Facts:
N/A
OUTCOMES:
The city will receive up-to-date information about SBA programs and services and resource partners that will help support small businesses in Redmond.
COMMUNITY/STAKEHOLDER OUTREACH AND INVOLVEMENT:
• Timeline (previous or planned):
N/A
• Outreach Methods and Results:
N/A
• Feedback Summary:
N/A
BUDGET IMPACT:
Total Cost:
There is no fiscal impact associated with this memorandum. Staff working with the SBA on are funded through the adopted budget.
Approved in current biennial budget: ☒ Yes ☐ No ☐ N/A
Budget Offer Number:
000040 - Community/Economic Development
Budget Priority:
Vibrant and Connected
Other budget impacts or additional costs: ☐ Yes ☐ No ☒ N/A
If yes, explain:
N/A
Funding source(s):
N/A
Budget/Funding Constraints:
N/A
☐ Additional budget details attached
COUNCIL REVIEW:
Previous Contact(s)
|
Date |
Meeting |
Requested Action |
|
10/3/2023 |
Committee of the Whole - Planning and Public Works |
Provide Direction |
Proposed Upcoming Contact(s)
|
Date |
Meeting |
Requested Action |
|
|
No meetings are proposed at this time |
N/A |
Time Constraints:
Once the MOU is signed, partnership programing can begin to assist small businesses.
ANTICIPATED RESULT IF NOT APPROVED:
May receive less information and programmatic support from the Small Business Administration that helps our small businesses.
ATTACHMENTS:
Attachment A: Strategic Alliance Memorandum between the United States Small Business Administration and the City of Redmond, WA