TITLE
Recommendation to adopt Specifications No. RFP ED22-062 and award contracts to Tetra Growth Systems, LLC, dba Canna Business Services, of Pittsburgh, PA, and Tkach Ventures, Inc., of Temple City, CA, to provide direct technical assistance to Cannabis Equity Program participants pursuing cannabis business ownership or operating legal cannabis businesses in the City of Long Beach, in a total annual aggregate amount not to exceed $293,750 through September 30, 2023, with the option to renew for two additional one-year periods, at the discretion of the City Manager; and, authorize City Manager, or designee, to execute all documents necessary to enter into the contract, including any necessary subsequent amendments. (Citywide)
DISCUSSION
City Council approval is requested to enter into contracts with Tetra Growth Systems, LLC, and Tkach Ventures, Inc., to provide direct technical assistance to Cannabis Equity Program participants (Equity Applicants) pursuing legal cannabis business ownership or operating legal cannabis businesses in the City of Long Beach (City). Tetra Growth Systems, LLC, was selected to assist Equity Applicants with reviewing financial information, budgeting, strategic planning, business operations, and navigating the City and State’s licensing and permitting process. Tkach Ventures, Inc., was selected to assist Equity Applicants with finding appropriate commercial properties for their cannabis businesses including site and lease negotiations.
The City secured grant funds from the State of California, Governor’s Office of Business and Economic Development (GO-Biz) under their Cannabis Equity Grants Program for Local Jurisdictions to provide direct technical assistance to help Equity Applicants gain entry to the legal cannabis market to operate and sustain a successful business. On April 25, 2022, the City released a Request for Proposals (RFP) ED22-062 soliciting proposals from interested vendors in the following priority areas:
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