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HomeMy WebLinkAbout28. 15-510NOVEMBER 24, 2015 15-510 RESOLUTION (CARRIED__7-0____LOST______LAID OVER______WITHDRAWN______) PURPOSE: DESIGNATE GREATER OSHKOSH ECONOMIC DEVELOPMENT CORPORATION AS THE OFFICIAL ECONOMIC DEVELOPMENT ORGANIZATION FOR THE CITY OF OSHKOSH INITIATED BY: DEPARTMENT OF COMMUNITY DEVELOPMENT WHEREAS, the Greater Oshkosh Economic Development Corporation (GO- EDC), a public-private partnership, was created to serve as the appropriate organizational structure to provide a one-stop shop to promote comprehensive and integrated economic development for the greater Oshkosh area; and WHEREAS, one of GO-EDC's goals is to leverage the power of public-private partnerships to provide leadership, direction, coordination and services to advance economic development in the greater Oshkosh area; and WHEREAS, GO-EDC has demonstrated its ability to carry out economic development services for the greater Oshkosh area by providing existing business support, responding to requests for information for recruitment of new businesses, marketing area industrial and business park lands, developing the aviation clusters, administering the City’s revolving loan fund as well as administering its own GO-EDC Foundation, and engaging with private companies and not-for-profit organizations in its mission, goals and objectives; and WHEREAS, GO-EDC has demonstrated its true private-public partnership as envisioned by the community through its efforts to embody its investor’s values of accountability, transparency and inclusiveness; and WHEREAS, in order to best serve economic development clients, it is necessary to provide clarity as to who should be the first point of contact for economic development services. NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of Oshkosh that the City formally designates the Greater Oshkosh Economic Development Corporation as they city’s official economic development organization and provider of economic development services. NOVEMBER 24, 2015 15-510 RESOLUTION CONT’D BE IT FURTHER RESOLVED, that the proper City officials are hereby directed to inform Wisconsin Economic Development Corporation, New North and other local, regional and state economic development organizations of this designation, and request that all inquiries going through these respective agencies use GO-EDC as the point of contact through whom economic development inquiries for Oshkosh are directed. NOVEMBER 24, 2015 15-510 RESOLUTION CONT’D BE IT FURTHER RESOLVED, that the proper City officials are hereby directed to inform Wisconsin Economic Development Corporation, New North and other local, regional and state economic development organizations of this designation, and request that all inquiries going through these respective agencies use GO-EDC as the point of contact through whom economic development inquiries for Oshkosh are directed. City of Oshkosh Community Development Department 215 Church Avenue, Oshkosh, WI 54901 � � OHKOH ON THE WATER TO: FROM: DATE: SUBJECT Honorable Mayor and Members of the Common Council Mark A. Rohloff, City Manager ,. �a�--� Allen Davis, Community Developmen irector November 19, 2015 Designation of the Greater Oshkosh Economic Development Corporation (GO-EDC) as the City's Official Economic Development Agency Background/Analysis GO-EDC has had a successful inaugural year in 2015. The community-wide investment, the economic development programs, and outreach efforts have met all the expectations for the organization. Based on GO-EDC's performance, it is important for other agencies, such as WEDC and New North) recognize GO-EDC as the point of contact for economic development activities, contacts and coordination. This recognition will improve the overall experience for businesses seeking economic development services in the community. The City contracted with GO-EDC for economic development services. GO-EDC has also raised additional resources from other private, not-for-profit and public organizations to fund implementation of an Economic Development Strategic Plan. Consequently, GO-EDC has hired staff capable of accomplishing all the economic development goals. Based on GO-EDC's performance and capacity that it has been built, it would be helpful to other economic development organizations and the community to understand the role GO-EDC now plays. The community's economic development partners need to know who is authorized to represent the City's interests in a wide range of economic development activities, contacts and coordination. Fiscal Impact The City is investing $167,000 annually in GO-EDC. This public investment has leveraged more than double this amount in private and non-profit investment in the organization. The designation will solidify GO-EDC's status as the official point of contact for the Oshkosh community. Recommendation The City Council approves the resolution designating the Greater Oshkosh Economic Development Corporation as the official economic development organization for the City of Oshkosh.