HomeMy WebLinkAboutResolution Fort Worth Local Development Corporation (FWLDC) FWLDC-2019-01RESOLUTION NO. FWLDC-2019-01
FORT WORTH LOCAL DEVELOPMENT CORPORATION
RESOLUTION
OF THE BOARD OF TRUSTEES
Authorizing a Professional Services Agreement in an Amount Up To $100,000.00
With Camoin Associates, Inc. for the Completion of a
Small Business and Entrepreneurship Ecosystem Analysis
WHEREAS, the City Council of the City of Fort Worth ("City") adopted the Economic
Development Strategic Plan on December 12, 2017 (the "Strategic Plan") that includes a goal to
"Ensure Community Vitality and Initiative", known as "Goal 3", which goal included a
provision related to "Small Business Support";
WHEREAS, the "Small Business Support" provision of Goal 3 recommended an audit
of small business support mechanisms available in Fort Worth, to evaluate how small businesses
access the resources and support they need and to assess the ability of Fort Worth's small
business support providers to serve the needs of local businesses;
WHEREAS, the Strategic Plan also recommended that the audit should evaluate how the
Fort Worth Hispanic Chamber and the Fort Worth Metropolitan Black Chamber can further
support small business development throughout the City's neighborhoods;
WHEREAS, the Strategic Plan includes a goal to "Become a Hub for Creative
Businesses and Initiative", known as "Goal 2", which goal included a provision related to
"Entrepreneurship";
WHEREAS, the "Entrepreneurship" provision of Goal 2 recommended that the City
expand the reach of local entrepreneur networking events and create new opportunities for face-
to-face connection among the city's startup and tech communities; expand access to capital in
Fort Worth for high -growth companies; and provide the real estate space desired by tech firms
and creative workers;
WHEREAS, the Fort Worth Local Development Corporation (the "Corporation") was
created in 1987 to assist the City with, among other things, the creation of jobs and other
economic development activities of the City;
WHEREAS, the Corporation desires to assist the City with the achievement of Goal 2
and Goal 3 of the Strategic Plan by engaging a consultant for the completion of a small business
and entrepreneurship ecosystem analysis;
WHEREAS, the Corporation's Board of Trustees approved the Corporation's Fiscal
Year 2019 budget on September 25, 2018, which included up to $100,000.00 for the
performance of the small business and entrepreneurship ecosystem audit;
RESOLUTION NO. FWLDC-2019-01
PAGE 2
WHEREAS, Camoin Associates, Inc. has been selected to provide consulting services to
perform the small business and entrepreneurship ecosystem audit, including assessment of small
business and entrepreneurial support, identify any necessary services that are not currently
available, conduct benchmarking of Fort Worth against the top ten startup communities in the
United States, provide recommendations for service delivery, and deliver a final report and
presentation of findings;
WHEREAS, the Board of Trustees desires to approve an agreement to retain Camoin
Associates, Inc. to provide consulting services to perform the small business and
entrepreneurship ecosystem audit.
NOW THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF
THE FORT WORTH LOCAL DEVELOPMENT CORPORATION:
1. THAT the Board authorizes the execution and delivery of an agreement (the
"Agreement") by and between the Corporation and Camoin Associates, Inc. for
consulting services for a small business and entrepreneurship ecosystem audit for a total
cost not to exceed $100,000.00.
2. THAT any authorized signatory of the Corporation are each authorized to execute and
deliver the Agreement for and on behalf of the Corporation along with any related
documents necessary to implement the Agreement, and each is authorized to extend,
modify and amend the Agreement, provided any such extensions, modifications and
amendments are within the scope of the project.
3. THAT this Resolution takes effect from the date of its adoption.
AND IT IS SO RESOLVED.
Adopted March 19,2019.
By:
Mary J. Kay ,r) Co)por& Secretary