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PROPOSED AMENDMENT TO FILE 25-1754 -
Presented by: XOCHITL FLORES, Chief, Bureau of Economic Development
PROPOSED CONTRACT AMENDMENT
Department(s): Bureau of Economic Development
Vendor: Women’s Business Development Center, Chicago Illinois
Request: Authorization for the Chief Procurement Officer to renew and increase contract
Good(s) or Service(s): Grant Administrator for Cook County Cannabis Development Grant Program
Original Contract Period: 3/1/2024 - 5/31/2025, with two (2), one (1) year renewal options
Proposed Amendment Type: Renewal and Increase
Proposed Contract Period: 6/1/2025 - 5/31/2026
Total Current Contract Amount Authority: $4,000,000.00
Original Approval (Board or Procurement): Board, 3/14/2024, $338,757.46
Increase Requested: $459,381.13
Previous Board Increase(s): 6/13/24, 3,661,242.54
Previous Chief Procurement Officer Increase(s): N/A
Previous Board Renewals: N/A
Previous Chief Procurement Officer Renewals: N/A
Previous Board Extension(s): N/A
Previous Chief Procurement Officer Extension(s): N/A
Contract Utilization: The Contract Specific goal set on this Contract is Zero.
Potential Fiscal Impact: FY 2025 $350,000.00, FY 2026 $109,381.13
Accounts: 11287.1027.39007.520830.00000.00000
Contract Number(s): 2419-01041
Summary: This item reflects a budget increase and first of two (2), one (1) year renewal options to allow the Bureau of Economic Development to continue to receive services from the Grant Administrator for Cook County Cannabis Development Fund.
Exhibit 1, item G in the original contract states "If additional funding is allocated to the CBD Fund in future years, WBDC's services agreement with Cook County may be renewed. The scope of work for the renewal will build off of this scope of work for the pilot round of CBD Fund grants and be scaled according to the specific parameters of the new round of grants to be awarded."
The program received an additional $1,500,000 in Equity Funds in the FY25 Budget as adopted by the Board of Commissioners. This renewal will allow the WBDC to continue launch and deliver a new technical assistance program to cannabis businesses, measure program impact via survey and follow up with 2024 and 2025 grantees, and verify eligibility for up to 12 previously eligible (but not awarded) applicants. BED will distribute up to $900,000 in grant funds to recipients.
This is a Sole Source Procurement pursuant to Section 34-139 of the Cook County Procurement Code.