PROFESSIONAL_SERVICESONGOING

City Affirms RCEDC Economic Development Contract

Burlington confirmed the ongoing RCEDC contract, valued at roughly $47,000–$48,000 annually, for economic development services and revolving loan fund administration. Council endorsed the value of the engagement and directed staff to add measurable performance goals for the planned 2027 renewal.

Document date · July 22, 2026

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Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Scope & details

The full contract record, as filed.

Contract amount
Approximately $47,000–$48,000 annually
Contract type
PROFESSIONAL_SERVICES
Contract term
Current annual contract; future renewal discussed for 2027
Renewal date
2027-01-01
Renewal
Staff indicated that explicit performance goals tied to increases in assessed value and net new construction will be added in the 2027 contract renewal. The City accepts RCEDC's policy of retaining all interest on loans it administers under the RLF going forward.
Document type
Minutes
Source document
City of Burlington Minutes Budget Workshop 2026-07-22

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the professional services contract by City of Burlington city?

RCEDC was awarded this professional services contract by City of Burlington city, as recorded on July 22, 2026. The contract value is Approximately $47,000–$48,000 annually.

How much is the RCEDC contract with City of Burlington city worth?

The RCEDC contract with City of Burlington city is valued at Approximately $47,000–$48,000 annually, covering professional services work.

What type of contract is this?

This is a Professional Services contract, documented as a minutes record.

Where was this contract approved?

This contract appears in City of Burlington Minutes Budget Workshop 2026-07-22 (Minutes), dated July 22, 2026 from City of Burlington city. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does RCEDC hold?

RCEDC may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

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