HomeMy WebLinkAbout5/18/2011 - STAFF REPORTS - 4.B. PALM SpP
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c"IFOR CITY COUNCIL STAFF REPORT
DATE: May 18, 2011 UNFINISHED BUSINESS
SUBJECT: STATUS REPORT ABOUT THE COACHELLA VALLEY INNOVATION HUB
(CViHUB), A STATE OF CALIFORNIA INITIATIVE PROMOTING THE
ADVANCEMENT OF EMERGING INNOVATIVE TECHNOLOGY TO
COMMERCIALIZATION
FROM: David H. Ready, City Manager
BY: Community & Economic Development
SUMMARY
On May 10, 2010 the Coachella Valley Innovation Hub (CViHub) received official
notification from the Governors office about its award as one of six (6) designated
Innovation Hubs (iHub) in the State of California. The statewide iHub Initiative is
designed to spur economic recovery and growth by showcasing and supporting
California's most promising hubs of innovation. The CViHub Program is a regional
partnership between the Cities of Palm Springs, Desert Hot Springs and Cathedral City.
RECOMMENDATION:
N/A
STAFF ANALYSIS:
Since the initial designation of the six Innovation Hubs in 2010, the Governor's office has
since awarded six jurisdictions iHub status bringing the total to 12 iHubs throughout the
State.
As stated in the Coachella Valley Innovation Hub (CViHub) application, the City of Palm
Springs is the managing partner for the iHub Program in coordination with the other two
partner Cities. Ultimately the program will be turned over to a non-profit host to manage
and operate.
In the interim, City of Palm Springs Staff has participated in the monthly statewide
conference calls; attended on-site quarterly meetings; and hosted a statewide quarterly
meeting for all iHub designees. Staff has also applied for grant funding to support the
goals of the iHub Program to spur development of startup companies and create jobs.
The City has also engaged a consultant to establish the iHub organizational structure;
develop the iHub identity and collateral materials; and establish roles and fiscal
responsibilities between the iHub Partners and Sponsors.
ITENA NO. I�(•V• .—.
City Council Staff Report
(March 16, 2011)-- Page 2
(Status Report-CViHub)
This presentation is to inform City Council as to the progress of the Hub, discuss the
status of the new Hub facility at 3111 E. Tahquitz Canyon Way, and discuss the near
future activities of the Hub, including a potential contract for management and
administration.
FISCAL IMPACT:
John aym nd, Di ctor Cathy Van H rn, Administrator
Com uni & E omic Development Community & Economic Development
David H. Ready anager Tom Wilson,
Assistant City Manager
Attachment: Palm Springs City Council Update Report
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Palm Springs City Council Update
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P A L NI S P R I N u S L A T H E LF R A 1, C I T Y D E S E R T H 0 T P R I I u=
CV Innovation Hub
Cultivating Clean Technology Innovation
Supporting Small Business Success
Goals
• Diversify the local economy to include Clean Tech Industries
• Attract develop and retain Clean Tech Companies to the
Coachella Valley
• Create high paying Technology and Clean Manufacturing jobs
• Develop new clean technologies to help CA and the Valley
compete in the global marketplace
• Increase the per capita income and standard of living
• Nurture and grow 50 new start-up companies in five years
• Attract investment in clean technology companies
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Update
• February 2011 State Quarterly iHub meeting in
Palm Springs
• March 2011 National Incubator Conference
Federal White Paper Completed
SBA Grant Application Submitted
• April 2011 Identity/Website
Target Businesses
Program/Service Framework
Organizational Structure/Operator
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Programs/Services
BasedFacility
• Space
• Telephone
• LAN
• High Speed Internet Access
• Shared Conference Space
Address
• Shared office systems
BasicsBusiness
• Seminars and Workshops
• One on One Meetings/Support
• Mentoring
COACHELLA
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Programs/Services
Professional Servic- Providers
Accounting and Finance
• Regulatory Compliance
• E-Commerce
• Federal Procurement
• Manufacturing assistance
• FTZ
• Legal
• International trade
Networking
• Events
• Introductions
• Virtual
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Next Steps
Finalize Workplan and Budget
Form Advisory Board
------.....
Finalize Membership/Sponsorship Structure
Finalize Pragrams and Services
Finalize Incubator Leasing and Selection Criteri.....
Finalize Operating Agreement
Open Facility & Launch Programs/Services
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