Explanation
BACKGROUND: This legislation authorizes the Director of the Department of Development to enter into a sponsorship/grant agreement, up to $13,350.00, with the following organizations and to authorize advanced payments:
1. Ohio Economic Development Association $7,500.00
2. International Economic Development Council $5,850.00
The Ohio Economic Development Association (OEDA), a nonprofit organization, is the professional association for Ohio economic developers. The membership of OEDA work at the local, regional, and state levels in public, private, and nonprofit economic development organizations. OEDA offers a variety of economic development services including professional development for practitioners in economic development and related fields through high value courses and conferences.
The International Economic Development Council (IEDC), is a nonprofit, non-partisan membership organization serving economic developers across the globe. With more than 4,500 members, IEDC is the largest organization of its kind. IEDC supports communities in their mission to, create, retain, and expand jobs that facilitate growth, enhance wealth, and provide a stable tax base. From public to private, rural to urban, and local to international, IEDC’s members are engaged in the full range of economic development experiences in a wide variety of settings including local, state, provincial, and federal governments, public-private partnerships, chambers of commerce, universities, and a variety of other institutions. IEDC’s members create high-quality jobs, develop vibrant communities, and improve the quality of life in their region.
FISCAL IMPACT: Funding is available in the Economic Development 2023 General Fund Budget.
CONTRACT COMPLIANCE: Ohio Economic Development Association’s vendor number is 001124; contract compliance is pending. International Economic Development Council’s vendor number is 009010; contract compliance is pending.
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