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2.b.
Texas City Harbour Foreign Trade Zone Corporation Agenda
Meeting Date:
06/15/2022
Approval of a proposal to provide Foreign Trade Zone consulting services by FTI Connsulting
Submitted For:
Jon Branson
Submitted By:
Jon Branson, Management Services
Department:
Management Services
Information
ACTION REQUEST (Brief Summary)
Consider and take action on a proposal to provide professional consulting services from FTI Consulting.
BACKGROUND
The Texas City Harbour Foreign Trade Zone Corporation was created to operate and maintain a foreign trade zone and subsequent subzones in Galveston, Brazoria, and Chambers County areas for the promotion of international trade. The administration of the Texas City Harbour Foreign Trade Zone Corporation is conducted by a board of directors and a general manager.
The City of Texas City operates Foreign Zone (#199) in accordance with the Foreign Trade Zone Act. The Foreign Trade Zone Act was created to expedite and encourage foreign commerce in the United States.The recommended professional services work will allow staff and the board to make better informed decisions moving forward and will enable the City to leverage FTZ-199 as a strategic asset for economic development through encouragement of international trade that will offer companies a competitive advantage in the market.
Services provided will include but not be limited to the following:
Development of Policies and Procedures Manual - To include a review of all existing and historic policies, procedures and other documents and a review and suggested edits to the public zone (fee) schedule.
Grantee Benchmarking - To include an analysis of other grantees (10 to 15) of comparable size, location and infrastructure to Texas City. The research will include review fee structures, size of zone size and density, growth patterns and marketing efforts.
ANALYSIS
Staff recommends approval of an agreement with FTI Consulting in the amount of $10,500 for professional consulting services.
ALTERNATIVES CONSIDERED
Attachments
FTI Consulting Services
Resolution
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