HomeMy WebLinkAbout02- Economic Development Agency D E V E L O P M E N T D E P A R T M E N T
OF THE CITY OF SAN BERNARDINO
ECONOMIC DEVELOPMENT AGENCY
REOUFST FOR COMMISSION/COUNCII. ACTION
FROM: KENNETH J. HENDERSON SUBJECT: GTE SMALL BUSINESS
Executive Director INCUBATOR PROJECT GRANT
DATE: May 9, 1994
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Synopsis of Previous C iad / 11/ itt Action(s),
NONE.
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Recommended Motion(s):
(Community Development Commission)
MOTION: That the Community Development Commission receive and file the attached staff report relative
to the GTE Small Business Incubator Project.
Administrator KENN DERSN ON
Executive Director
Contact Person(s): Kenneth J. HendersouMmily Wone Phone: 5081
Project Area(s): Citywide Ward(s): ALL
Supporting Data Attached: Staff Report
FUNDING REQUIREMENTS: Amount: $ N/A Source: N/A
Budget Authority: N/A
Commission/Council Note-,
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EW:incubate.cdcolm) COMMISSION MEETING AGENDA
MEETING DATE: 05/16/94
Agenda Item Number:
DEVrLOPMENT DEPARTMENT
STAFF REPORT
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GTE Incubator Project Grant
The Cities of San Bernardino, Highland, Loma Linda, Redlands, and Yucaipa submitted a
joint application for a GTE Economic Development Grant for an East Valley Regional Small
Business Incubator Project. The actual grant application was prepared by EDA Development
Department Staff. The grant application of the collective cities was recently approved in the
amount of $10,000. Originally, the City of Highland submitted the application and accepted
funds on behalf of the other participating local governments. The Inland Valley Development
Agency (IVDA) has also received a $10,000 grant from GTE and a $30,000 grant from the
U. S. Department of Defense, Office of Economic Adjustment. It was agreed that combining
the grants would make it possible to undertake a more comprehensive feasibility study of the
incubator concept in the East Valley Region.
The combined funds, in the amount of $50,000, will be used to hire a consultant to develop a
detailed Regional Small Business Incubator Business Plan to include the following:
1. Analysis of the East Valley Region's resources (business, civic, educational, and
general population).
2. Market demand analysis.
3. Analysis of the cost effectiveness of new construction vs. rehabilitation of existing
structures for incubators.
4. An identification of potential incubator sites in each participating East Valley City.
5. Preparation of an occupancy strategy for the Small Business Incubator.
6. Identification of incentives, including technical assistance, needed to encourage
businesses to locate to the business incubator.
7. Financial plan, including real estate and operating proformas.
8. Analysis of start up/development costs, operating costs, and potential sources of
financing.
9. Comprehensive management plan.
10. Analysis of potential uuget resources to sponsor and support the business
incubator.
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EW:incubme.cdcU1m) COMMISSION MEETING AGENDA
MEETING DATE: 05/16/94
Agenda Item Number:
+ DEVELOPMENT DEPARTM—AT
STAFF REPORT:
GTE INCUBATOR PROJECT GRANT
PAGE 2
A Request for Proposals will be issued this month with an anticipated award of contract to be
made by July of 1994. The Inland Valley Development Agency will act as lead agency in the
administration of the grant, on behalf of the East Valley Economic Partnership consisting of
the aforementioned cities.
This report is informational only and no action is required of the Commission.
Staff recommends adoption of the form motion.
1S!!1
KENNETH J. NDERSON, Executive Director
Development Department
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EW:incubate.cdcohn) COMMISSION MEETING AGENDA
MEETING DATE: 05/16/9,..4,1(
Agenda Item Number: v