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ECONOMIC DEVELOPMENT PROGRAM UPDATE - Red Bluff/Tehama County Chamber of Commerce
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Requested Action(s)
recommendation
a) INFORMATIONAL PRESENTATION AND DIRECTION TO STAFF - Regarding the Red Bluff/Tehama County Chamber of Commerce’s economic development program
b) Request direction to staff to prepare a Transfer of Funds from LATCF, $75,000 upon completion of the Adopted Budget process
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Financial Impact:
No financial impact from this presentation. The Board previously considered contributing additional funds from the Local Assistance and Tribal Consistency Fund (LATCF) for further economic development work, and direction may be provided with this item. These funds are eligible for numerous other uses, but are not allocated at this time for another purpose.
Background Information:
On 8/1/2023, the Board of Supervisors approved $375,000 from American Rescue Plan Act (ARPA) funds, at the recommendation of the ARPA Ad Hoc, for the implementation of an economic development program. The Ad Hoc further recommended, and the Board directed, to revisit the program after years one and two of the program, to consider additional allocations of $75,000 in each of the two years from Local Assistance and Tribal Consistency Fund (LATCF), provided a greater need does not arise for the funds.
The Chamber of Commerce presented their progress on the economic development program August 22, 2024. The Board requested additional financial details be brought back in a future presentation, along with the consideration for approval of additional funds.