The Solano Economic Development Corp. is now part of a consulting team created to conduct an economic diversification project.
The project will conduct a comprehensive analysis of the economic impact of Travis Air Force Base on Solano County and recommend ways that the public and private sectors could further diversify the local economy.
Last month, the Solano County Board of Supervisors approved a contract with Economic & Planning Systems (EPS) to conduct the project, which is funded by the Office of Economic Adjustment (OEA), a field agency of the Department of Defense.
The board also asked that Solano EDC play an integral part.
Economic & Planning Systems, according to county staff, has retained the Solano EDC as a sub-consultant to assist in the public engagement process and to provide review and comment on the draft report.
"The inclusion of the Solano EDC into the project team capitalizes on the Solano EDC's vast array of relationships with virtually every segment of the Solano County community," county staff said.
The Solano EDC has facilitated past economic studies funded by the county, including the Index of Economic and Community Progress and industry cluster analyses on energy, life science and the food chain. Additionally, Solano EDC played a major role in applying for the OEA grant by initiating the local inquiry to determine if Solano County was eligible for it.
The sub-consultant agreement with Solano EDC is for an amount not to exceed $20,000. This contract modification reduces the project contingency amount to $13,860.