Interoffice Memorandum
DATE: October 30, 2024
TO: Mayor Jerry L. Demings and County Commissioners
THROUGH: Roseann Harrington, Chief of Staff
FROM: Dennis Holste, Economic Development Administrator
CONTACT: Lee Peters, Senior Monitoring and Evaluation Coordinator
PHONE: 407-836-5391
DIVISION: Office of Economic, Trade and Tourism Development
ACTION REQUESTED:
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Approval and execution of Orange County, Florida and University of Central Florida Research Foundation, Inc. FY 2025 Small Business Development Programs Grant Agreement for the period of October 1, 2024 through September 30, 2025 in the total amount of $968,027. (Office of Economic, Trade and Tourism Development)
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PROJECT: UCFRF Small Business Development FY 25 Grant Agreement
PURPOSE:
$114,836 for Small Business Development Center: Funds shall be used solely to provide 1) Strategic Workshop series designed for businesses who are undertaking growth and expansion and 2) Small Business Institute program which allows University of Central Florida (UCF) students to participate in hands-on learning experiences by providing management consulting services to local small businesses. The County's contribution will be used exclusively to help fund the general operating expenses of the Small Business Development Center activities of UCF and support the following types of activities: a) administration and equipment acquisition; b) activities associated with advising local businesses; 3) activities associated with organizing and hosting events and workshops in areas ranging from strategy planning, sales strategies, government business opportunities, and digital marketing strategies; and 4) other university-driven initiatives that support entrepreneurship in Orange County. In its marketing efforts, UCF in its capacity as the Small Business Development Center will recognize the important role it plays in the County's economic development strategy.
$114,836 for Small Business Development Center -...
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