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2021-07-07 City Council Item No. 10.4 Chamber MOU Presentation Regular MEETING - Additional Meeting MaterialsItem 10.4 Fiscal Year 2021/22 MVCC MOU Background •The City Council approved a Memorandum of Understanding (“MOU”) on August 21, 2013, with the Menifee Valley Chamber of Commerce. •The existing MOU indicates the agreement shall automatically renew annually with the adoption of the City’s annual budget and with the adjustment of the “Attachment A” to the MOU. •To further enhance outreach efforts with the Menifee business community, staff had agreed about a task list of activities, information programs, training programs, events, and promotional products and services for Fiscal Year 2021/22. Approved FY 20/21 Amount FY 20/21 Actuals FY 21/22 Proposed Amount Mayors Industry Idea Exchange (3 in-person events)$2,000 $2,000 Mayors Industry Idea Exchange (3 in-person events)$2,000 Visionary Membership $7,500 $7,500 Diamond Gem Sponsorship $10,000 Broker’s Luncheon $5,000 $5,000 Broker’s Luncheon $5,000 Workshops for Businesses/Menifee Munch $4,000 $3,000 Four Workshops for Businesses (must be Keep results)$4,000 Job Fair & Tech Expo (2)$4,500 $2,250 Job Fair & Career Expo (1)$3,500 Business Survey & Annual Report (KEEP Business Walk) $5,000 $3,500 Business Survey & Annual Report (KEEP Business Walk) $5,000 Innovation Month Event $2,000 -Innovation Month Event $2,000 ICSC Attendance (Ex. Dir. Only)$2,000 -*Manufacturing Co-Host Event $3,000 City Sponsorships/Misc. $5,000 $3,500 *Commercial/Office Broker Tour- Hosted with Econ Dev $4,500 Business Recovery Resources Conference (Specific to CEDS)$6,000 -*Monthly Business Walks w/ Econ Dev (10 businesses a month)$6,000 MVCC Administration $2,000 $2,000 Total Budgeted Contribution $45,000 $28,750 Total Proposed $45,000 •Several line items have not been fully funded as the Chamber has endured staffing transitions over the past year •The total remaining line items amounting to $16,250 were reduced from the original MOU as they were not completed, repurposed or development into a new event •However, staff has worked with the Chamber to develop the proposed task list for FY 21-22, which is felt to be obtainable with Chamber staff on board FY 20/21 MOU Status Update -Items noted in red were either partially funded or not funded due to staffing transitions *NEW Staff Recommendation: 1. Approve a Resolution, updating the list of activities, information and training programs, events, and promotional products in connection with the Menifee Valley Chamber of Commerce for Fiscal Year 2021/22. Questions? Thank you.