57 AGENDA ITEM BACKGROUND TO: GOVERNING BOARD DATE FROM: PRESIDENT June 11, 2012 SUBJECT: Acceptance of Grant for the Business and Entrepreneurship Center for 2012-2013 REASON FOR BOARD CONSIDERATION ACTION ITEM NUMBER ENCLOSURE(S) A.5 Page 1 of 1 Background: In 2010 Cabrillo College was awarded a highly competitive grant to operate the Business and Entrepreneurship Center (BEC), serving the Community Colleges of the greater San Francisco Bay region. We have recently received notice from the Chancellor’s Office that the funding to operate the Business and Entrepreneurship Center has been renewed. This center will work in alignment with our Small Business Development Center, foster instruction in entrepreneurship in the colleges of the greater Bay Area, and develop entrepreneurial pathways to small business owners served by collaborating agencies. This funding will support program operations for fiscal year 2012-2013. Fiscal Impact: An increase in the amount of $205,000 in revenue and expenditures. Recommendation: It is recommended that the Governing Board accept the $205,000 grant from the California Community College’s Chancellor’s Office. It is further recommended that the Board authorize the Vice President of Administrative Services to execute and make all necessary arrangements in relation to this grant agreement and any future amendments on behalf of the college. Administrator Initiating Item: Rock Pfotenhauer, Dean CEED Wanda Garner, Dean, NAS Kathie Welch, Dean, HAWK Academic and Professional Matter If yes, Faculty Senate Agreement Senate President Signature Yes No Yes No Final Disposition Accepted