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Board approves five‑year funding plan for Pasco Economic Development Council
Summary
The board approved a transparent, KPI‑driven five‑year funding agreement for the Pasco EDC that provides stable support for business recruitment, retention and workforce initiatives and includes a modest base increase with CPI adjustments.
The Board approved a five‑year funding agreement to provide predictable county support to the Pasco Economic Development Council (EDC). Planning director David Engel summarized the proposal as a multiyear arrangement that gives the EDC financial stability and clearer KPI expectations.
Engel said the plan uses Ernst & Young recommendations and a KPI framework to track programmatic results. Under the agreement the EDC will receive an agreed base amount (with a 10% bump from prior base funding) paid in two tranches annually and subject to CPI adjustments; quarterly and annual reporting will track performance.
Commissioners praised the transparency of the budgeting and KPI approach and approved the funding by roll call. The agreement is intended to enable the EDC to plan recruitment, retention and workforce programs over a multiyear horizon and to tie county payments to deliverables.
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