TITLE
Recommendation to authorize City Manager to execute any and all documents necessary for an agreement with the Long Beach Community College District to provide economic development counseling and educational services through its Small Business Development Center for an annual amount not to exceed $115,000 for an initial term from July 1, 2015 through June 30, 2016, with two one-year extensions at the option of the City Manager and subject to the continued availability of funds. (District 1)
DISCUSSION
On June 12, 2012, the City Council authorized the execution of an agreement with the Long Beach Community College District, familiarly known as Long Beach City College (LBCC), to provide business counseling services through its regional Small Business Development Center (SBDC) for the period from July 1, 2012 through June 30, 2013, with two one-year extensions. The SBDC program is an eligible Community Development Block Grant (CDBG) activity and CDBG funding in the amount of $115,000 was utilized to support the SBDC. The SBDC program is the most extensive economic development project of the Small Business Administration (SBA). SBDC Business Advisors offer a wealth of real-world business experience, provide one-on-one counseling and conduct training sessions, workshops and seminars. In addition, as a result of this fund provision, the SBDC will focus services on small businesses, concentrating on a low- and moderate-income areas. Pursuant to the Agreement, SBDC has provided the following services:
· Business advice and assistance
· Workshops
· Business matchmaking and procurement events
· Access to capital programs
· Business networking and peer mentoring programs
· Marketing, outreach and business engagement
· Young Entrepreneurs Project
SBDC is required to submit invoices for reimbursement of expenses according to a schedule determined by the City, a performance report of its activities including jobs created, and an annual financial report with the C...
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