Prescott
AZ

Council Memo
2859

Presentation from Consultant Jim Robb Regarding Economic Development Services and Approval of City Contract No. 2017-260A6, Amendment No. 6 to City Contract No. 2017-260 with the Robb Group, LLC for Economic Development Services in an Amount not to Exceed $52,000.00. Funding is Available in the General Fund.

Information

Department:City ManagerSponsors:
Category:Approval

Attachments

  1. Printout
  2. JRobb original contract
  3. A6 Contract

Document Comments

Recommended Action: MOVE to approve City Contract No. 2017-260A6.

 

Body

Item Summary

 

This item is to authorize an amendment to the contract for services with The Robb Group, which will extend it for 6 months in order to continue receiving economic development services.

 

Background

 

·         The scope of services included within this 6-month agreement include:

§         Various strategic business development activities including the pursuit of a Innovation Center. Creating operating capital and funding for projects of high net worth investors, investment groups, corporate executives within Consultant’s personal and professional network of contacts (within Angel, Venture Capital and various industry segments), that can provide value to COP in the form of:

·         Investment for the technology incubation fund. Local, State and national.

·         Funding for COP local University and College Technologies and / or the licensing of Intellectual Property. Approved by COP based on the Plan. (Goal is to raise operating capital for the COP incubation fund).Working with Embry Riddle Entrepreneurship Club.

·         The continuation of technology conferences. I.E. AZ Tech Council Leadership Retreat/ The Cyber security Awareness Symposium and other technology conferences. ERAU College of Intelligence and Security. Yavapai College CTEC. Their students in Programming, Coding and Cyber certificate programs.

·         Direct relationships with potential corporate, institutional and public or private industry partners. Continue working with the AZ Tech Council, Arizona Corporate Commission, The Arizona Small Business Association and Other potential local, State and national Organizations.

·         Referrals to other potential corporate partners, alliances.

·         Coordinating and facilitating meetings between ERAU, Yavapai College (and others) on securing temporary joint business incubator office space.

§         Consultant is expected to be involved in, or participate in, various business, industry or governmental economic development events and forums on behalf of COP. These activities may include travel. All event, forum, travel related business development activities that include costs or expenses will need to be pre-approved by the City Manager.

§         What existing City of Prescott organizational assets can be leveraged to accomplish economic development goals.

§         The Consultant will leverage all information, notes and resources gathered from conversations and various strategy sessions to produce and maintain a strategy and plan that enables the City to leverage internal and external resources to achieve economic development goals, objectives and milestones.

§         The Consultant will continue to execute on various campaigns, programs and activities to help achieve City of Prescott economic development and revenue growth goals and objectives such as:

·         Campaigns and activities to help develop and retain higher paying jobs within the community and reduce the talent and intellectual capital drain currently occurring within Yavapai College, Prescott College, NAU and Embry-Riddle Aeronautical University.

·         Activities to help form a technology incubation fund for researching, developing and licensing technologies developed from local colleges and universities. This fund is expected to generate new businesses, jobs and residual revenues from the sale of intellectual property.

 

Financial Impact

 

This contract is not to exceed $52,000.00 for 6 months. This includes consulting services which will be for 20 hours/week at $100/hour for 26 weeks. Funding for this contract is budgeted and available in the General Fund.

 

Meeting History

Mar 10, 2020 3:00 PM  City Council Voting Meeting
draft Draft

Consultant Jim Robb provided a presentation to Council regarding Economic Development Services he provides for the city of Prescott.

Strategies for Economic Growth:

* Plan & Promote Economic Development

* Establish ad Grow Coalitions for Economic Growth

* Improve or Develop Transportation and Utilities Infrastructure

* Obtain and Utilize Economic Development Funds

* Promote and Attract Technology Based Employment

Mr. Robb's work is specific to what will help our community in particular through design, discovery, development and deployment. There are issues with stagnant economic growth and the fact that 21% of the population is being paid at the poverty level. These concerns are things that can be addressed by finding ways to keep our citizens here with higher paying jobs.

Prescribed Economic Growth Objectives:

* Attraction

* Retention & Expansion

* Community Development

* Workforce Development

* Entrepreneurial Growth

*Working with the Arizona Commerce Authority to promote the Prescott community

Defined Targets for Economic Growth:

* Northern Arizona Tech Alliance

- Tech Incubation and Innovation Center

- 300+ Local Tech Jobs

- Cyber Warfare Range (open Friday, Saturday & Sunday at the Library)

- Innovation Challenge Event

* The foundation has been laid for the creation of at least 300 jobs at $85k or greater average salary.

Mayor Pro Tem Orr asked what the timeline is for the Cyber Warfare Range

Mr. Robb commented that it should be operational by May 1st.

Councilman Goode congratulated Mr. Robb regarding his ability to get many partners cooperating for the benefit of the community and getting the word out for these technology opportunities and jobs. He commented that while some people may be concerned about the word “warfare” it is simply a focus on the technological infrastructure attacks that take place on businesses and organizations.

Mr. Robb confirmed Councilman Goode's statements and stated that there will be an Innovation Competition in the fall this year (September) at Embry Riddle Aeronautical University to focus on this and bring all of our community's universities together. The thanked Council for their support in these endeavors.

RESULT:APPROVED [UNANIMOUS]
MOVER:Phil Goode, Councilman
SECONDER:Steve Sischka, Councilman
AYES:Billie Orr, Steve Blair, Phil Goode, Cathey Rusing, Alexa Scholl, Steve Sischka
EXCUSED:Greg Mengarelli