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Contract - Retail Strategies
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INFORMATION CONTACT:
Ron Mahle, Economic Development, Director, 980-476-5279
ACTION REQUESTED:
Authorize the County Manager to 1) negotiate and execute an agreement substantially consistent with this agenda item, 2) exercise any renewal or extension term options set forth in the Agreement, and 3) terminate the Agreement if deemed in the best interest of the County, each at the County Manager’s discretion.
PRIOR BOARD ACTIONS:
None.
BACKGROUND:
Retail Strategies, LLC will provide professional retail recruitment services to any of Union County's 14 municipalities who request said services. Retail Strategies, LLC, based in Birmingham, AL, is a nationally known retail recruitment firm who work with communities of all sizes to identify and maximize their potential to secure retail establishments in their town or city. The firm uses a data-driven approach to attract national retailers, with the overarching goal of improving quality of life and growing local economies.
FINANCIAL IMPACT:
The anticipated cost over the three-year term of the contract is $177,000. The first year is $57,000 and the last two years are $60,000. Year 1 costs are included in the FY2026 budget and future expenses are subject to annual BOCC budget appropriation.