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BROOKINGS GLOBAL CITIES EXCHANGE PROGRAM PARTICIPATION AGREEMENT.
Presented by: Chris Chronis, Chief Financial Officer.
RECOMMENDED ACTION: Approve the agreement and authorize the Chairman to sign.
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In December of 2013, Wichita was chosen as one of eight communities in the United States to participate in the second cohort of the Brookings Institution Global Cities Initiative (“GCI”). The Brookings Institution is a nonprofit public policy organization based in Washington, D.C. with a mission to conduct high-quality, independent research and to provide innovative, practical recommendations that advance three broad goals: strengthen American democracy; foster economic and social welfare, security and opportunity for all Americans; and secure a more open, safe, prosperous and cooperative international system.
The budget is estimated to be $165,000. The funding partners are as follows: Greater Wichita Economic Development Coalition ($30,000), Regional Economic Area Partnership ($5,000), Workforce Alliance ($5,000), grant ($20,000), in-kind contributions ($5,000). Sedgwick County and the City of Wichita are being asked to contribute $50,000 each.
The Global Cities Initiative is a project launched by the Brookings Institution (“Brookings”) in partnership with JPMorgan Chase in 2012 and is aimed at helping American communities strengthen regional economies through the development of an export and foreign direct investment plan.
To date, 12 communities have participated in the GCI program. This includes the four pilot programs in Portland, Oregon; Minneapolis, Minnesota; Los Angeles, California; and Syracuse, New York. The eight cities in the first cohort were Chicago, Illinois; Columbus, Ohio; San Diego, California; Tampa, Florida; Charleston, South Carolina; Des Moines, Iowa; Louisville, Kentucky; and San Antonio, Texas.
The seven other cities/regions participating with Wichita in the second cohort include Atlanta, Georgia; upstate South Carolina ...
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