Title
BARRIE REGIONAL TECHNOLOGY DEVELOPMENT SITE OPPORTUNITY UPDATE
1. That the City of Barrie serve as partner to an application, led by the County of Simcoe, for the establishment of a Regional Technology Development Site (RTDS) under the Ontario Vehicle Innovation Network (OVIN), with the following funding commitments, terms and conditions:
a) A $60,000 per annum cash contribution over a 4-year funding period ($240,000 in total)
b) In-kind contribution of staff time and program overhead support equivalent to $30,000 per annum over a 4-year period ($120,000 in total) to support program delivery and business development for the RTDS utilizing existing staff resources.
c) Where appropriate, explore access to use city infrastructure/assets to support RTDS pilot projects, and associated departmental approvals.
d) Proportionate to population and fiscal contribution, the County of Simcoe will work on a best-efforts basis to ensure Barrie receives equitable benefit from the project relative to its investment, including:
i. 30% of programming to be hosted in Barrie (Sandbox Centre, Georgian College Barrie site as examples).
ii. A proportionate percentage of the targeted companies/ entrepreneurs to be served are Barrie-based companies and/ or entrepreneurs.
e) The City of Barrie receive recognition in all marketing, media, public announcements, and stakeholder engagements.
f) Recognition proportionally in the RTDS naming convention to ensure the total geographic scope of contributing partners are highlighted i.e. Regional Technology Development Site of Simcoe County, Barrie and Orillia.
g) As a contributing fiscal partner, the City of Barrie will be included in investment opportunities with an equal opportunity to participate in site selection and lead generation activities.
2. That $60,000 be added to the Economic and Creative Development operating budget in 2025, 2026, 2027, and 2028 to support the total contribution of $240,000, to be funded by the Reinves...
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