Interoffice Memorandum
DATE: November 22, 2024
TO: Mayor Jerry L. Demings and County Commissioners
THROUGH: Roseann Harrington, Chief of Staff
FROM: Dennis Holste, Economic Development Administrator
CONTACT: Jessica Kinkle, Administrative Assistant
PHONE: 407-836-7366
DIVISION: Office of Economic, Trade and Tourism Development
ACTION REQUESTED:
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Approval and execution of Master Consortium Agreement for the National Entrepreneur Center between Orange County, Florida and Disney Worldwide Services, Inc. and University of Central Florida Board of Trustees. (Office of Economic, Trade and Tourism Development)
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PROJECT: Master Consortium Agreement for the National Entrepreneur Center between Orange County, Florida and Disney Worldwide Services, Inc. and University of Central Florida Board of Trustees
PURPOSE: Orange County, Florida, University of Central Florida Board of Trustees and Disney Worldwide Services established and agree to continue serving as the founding investors to support the consortium in sustaining the Center as a regional resource to house a variety of resident and affiliate Resource Partner Organizations as approved by the Executive Board of the Center. Said Resource Partners shall be tasked with providing training, resources, and coaching to business clients. “Additional Investors” may be recommended by the President of the Center and approved by the Executive Board, and upon such approval, will execute an agreement which terms may vary according to investment category definition but shall be subject to the terms of this Agreement.
B) The parties enter into this agreement having created and intended to continue enabling the Center, which houses a variety of non-profit organizations offering comprehensive small business training, information, business events and education activities. The purpose of the Center is to provide resources for expertise between multiple Resource Partners, improve access to these resources for local entrepreneurs, and reduce duplication of services and/or expenses. The Parties intend that collaborative activities will occur throughout the term of this Agreement among and between the Investors to support the Center activities.
C) The Parties, through the President of the Center, agree to attract professional Resource Partners to the Center to provide resources, training, coaching and networking activities on subject areas relevant and timely to small business development, management, and growth.
BUDGET: N/A