Title:
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Approve and authorize the Chairman to execute the Seminole County Government - Orlando Economic Partnership, Inc., Master Services Agreement in the amount of $406,490.00 per year for Fiscal Years 2025/26, 2026/27, and 2027/28 for the purpose of providing economic development services in Seminole County, Florida. Countywide (Gui Cunha, Director Office of Economic Development and Tourism)
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Division:
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Office of Economic Development and Tourism - Economic Development
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Authorized By:
Gui Cunha, Director, Office of Economic Development and Tourism
Contact/Phone Number:
Gui Cunha/407-665-2901
Background:
The Orlando Economic Partnership is a not-for-profit, public/private partnership that offers a full range of economic development services to businesses seeking to locate or expand in Central Florida. The organization’s top priorities include creating high-wage, high-value jobs, expanding Central Florida’s global reach and competitiveness, supporting and enhancing education preparedness in the talent pipeline, strengthening advocacy for improved infrastructure and community resources, and creating an enviable quality of life that is broad-based and sustainable.
A variety of economic development performance standards are outlined in the Agreement, all related to the goal of supporting Seminole County with diversification and expansion of the local economy.
Performance standards include:
Promote Seminole County as a location for business operations, economic development, branching, and employment through its local, national, and international marketing campaigns;
Provide notification to Seminole County Economic Development of prospective businesses and include a County representative in meetings, tours, and other relevant discussions and communications;
Provide quarterly performance reports;
Provide an annual briefing to the Board of County Commissioners;
Provide exposure and marketing of available office and industrial real estate within Seminole County;
Serve as a resource for economic development data, demographics, marketing, and advertising;
Provide a seat for a member of the BCC County Commissioner to serve on the Orlando Economic Partnership Board of Directors.
The funding request is for a three-year period, in these amounts: $406,490.00 for Fiscal Year 2025/26 in four quarterly payments; $418,684.70 for Fiscal Year 2026/27 in four quarterly payments; and $431,245.21 for Fiscal Year 2027/28 in four quarterly payments.
The 2025/26 fee has been budgeted within the County's Economic Development budget and remains flat with the previous investment year. The following years' amounts are subject to appropriation by the Board of County Commissioners annually.
Requested Action:
Staff requests that the Board approve and authorize the Chairman to execute the Seminole County Government - Orlando Economic Partnership, Inc., Master Services Agreement in the amount of $406,490.00 per year for Fiscal Years 2025/26, 2026/27, and 2027/28 for the purpose of providing economic development services in Seminole County, Florida.