This contract is a Memorandum of Understanding (MOU) between Enterprise Florida and Bay Economic Development Alliance, with the goal of facilitating job creation in Bay County, FL. The MOU establishes a partnership between the two organizations to work together to develop prospect proposal responses and to communicate strategies and information with local and regional partners. The contract outlines the roles and responsibilities of each party, including BayEDA's role in sharing information about Enterprise Florida programs and activities, and Enterprise Florida's role in providing technical assistance and project support. The contract also establishes parameters for a successful partnership, including the maintenance of autonomy and the coordination of efforts to leverage strengths. Some key points of the contract include:
• The MOU is non-binding and imposes no legal obligation on either party.
• The partnership will remain in force until Enterprise Florida is notified in writing that Bay County has appointed a different organization to lead its economic development efforts or is no longer interested in continuing the agreement.
• BayEDA will share information about Enterprise Florida programs and activities with local constituents, local government, chambers of commerce, and other organizations that support local economic development initiatives.
• Enterprise Florida will provide continuing technical assistance and project support as needed.
• The contract outlines the responsibilities of each party, including BayEDA's role in conducting regular business retention visits and Enterprise Florida's role in providing information and technical assistance on state-level business incentive programs.