HomeMy WebLinkAboutCC 04-07-2026 Item No. 14 Chamber of Commerce Agreement_Staff PresentationCC 4-07-2026
#14
Chamber of Commerce
Agreement
Presentation
April 7, 2026
Determine Next Steps For The
Agreement With The Cupertino
Chamber Of Commerce.
City Council
Daniel Degu
Economic Development Manager
Agenda
•Background & Purpose of Agreement
•Agreement Overview
•Service Highlights
•Financial Summary
•Options & Fiscal Impact
•Next Steps / Council Direction
Background & Purpose
Background
•Long-standing partnership with the Chamber
•No formal agreement prior to 2023
Purpose of Agreement
•Formalize partnership, create coordinated
economic development support
•Expand reach to businesses
•Support post-pandemic economic recovery
Agreement Overview
•Agreement authorized: June 6, 2023
•Executed: April 4, 2024 (Year 1 start)
•Year 2 began: April 30, 2025
•Current expiration: April 30, 2026
Service Highlights (Years 1–2)
Services Areas:
•Technical Assistance, Marketing & Promotion, Events
& Meetings
Highlights:
•10 business workshops
•5 Women’s business luncheons
•6 Business outreach meetings
•Marketing & promotion of 20 business-related City
events
Financial Summary
Funding Structure
•Up to $52,000 annually
•$50/hour billable rate
Expenditures
•Year 1: $23,150
•Year 2: $4,150 (to date)
Options & Fiscal Impact
Option 1 (Recommended): Revised scope, reduce funding
to $5,000/year.
•Services include: 6 workshops, 4 luncheons, monthly
coordination, contingency budget.
•Savings: $47,000 annually.
Option 2: No extension, agreement ends April 30, 2026.
•Savings: $52,000 annually
Option 3: Status quo, continue current scope.
•Maintain $52,000 annual funding
Option 1: Revised Scope
•Aligns services with current economic development
priorities
•Accounts for role of new Economic Development
Committee
•Maintains key programs:
•Technical assistance workshops
•Women’s business luncheons
•City–Chamber coordination
•Improves cost efficiency, supports continued
partnership with a focused approach
Next Steps / Council Direction
1.Authorize Agreement Extension with Revised Scope
of Work (Recommended)
2.Authorize Agreement to Expire without Extension
3.Authorize Agreement Extension with Existing Scope
and Funding