HomeMy WebLinkAboutItem 06.l
Date: Item No.
JOINT POWERS AGREEMENT WITH THE DAKOTA COUNTY CDA FOR THE
OPEN TO BUSINESS PROGRAM
Proposed Action
Staff recommends adoption of the following motion: Move to approve a Joint Powers Agreement
with the Dakota County CDA to operate the Open to Business Program in 2018 through 2020.
Overview
This program was first implemented in 2013 in Dakota County through a Joint Powers
Agreement with Dakota County CDA. The program provides technical assistance and access to
capital for small businesses and potential entrepreneurs.
The cost to operate the program in 2018-2020 in the cities of Apple Valley, Burnsville, Eagan,
Farmington, Hastings, Inver Grove Heights, Lakeville, Mendota Heights, Rosemount, South St.
Paul, and West St. Paul as well as the small cities and townships is $150,000. MCCD hired a full-
time person to work exclusively in Dakota County in January of 2013. This person has office
hours in Lakeville City Hall one day a month and meets regularly with clients in Lakeville outside
of these office hours.
The CDA proposes to fund 50% of the cost with the participating cities funding the remaining
50%. The City of Lakeville’s share would be $8,300. This amount is included in the City’s
approved 2018 Economic Development Fund Budget. The amount is proposed to remain the
same in 2019 and 2020 and the City has the option to terminate the agreement at any time with a
30-day notice. Staff recommends approval of the Joint Powers Agreement for the Open to
Business program.
Primary Issues to Consider
• Has the program been successful? The Open to Business continues to be a program that
provides technical assistance and access to capital for entrepreneurs and small businesses
in Dakota County that individual cities are not able to provide.
Supporting Information
• Joint Powers Agreement with the Dakota County CDA for the Open to Business Program
Financial Impact: $8,300 Budgeted: Y☒ N☐ Source:
Related Documents:
Envision Lakeville Community Values: Diversified Economic Development
Report Completed by: David L. Olson, Community & Economic Development Director
January 2, 2018
Economic Dev. Fund