Southeast Harris County Economic Development Council, Inc. dba Economic Alliance Houston Port Region

NOTES TO FINANCIAL STATEMENTS (Continued)

For the Years Ended December 31, 2021 and 2020

NOTE 10 – CONTRACT AGREEMENTS

The Council has entered into contract agreements with Harris County, Port of Houston Authority, and other various city governments.

Harris County

Under the contract agreement with Harris County (the “County”), the Council has agreed to provide the following services:

1. To develop and hold workshops, seminars, or programs designed to assist and promote the efforts of local businesses and entrepreneurs to form new business ventures or to expand existing business ventures within the County;

2. To organize and conduct coordinated marketing and sales programs to positively influence attitudes among local, national, and international business decision makers by drawing attention to the County’s strengths and by overcoming negative attitudes. The marketing and sales program should target groups and senior executives most likely to result in business relocations and expansions in the County; and

3. To organize and conduct coordinated communications programs designed to encourage the dissemination, on a local, national, and international level, of accurate and detailed information on business opportunities with the County and on successful businesses and the local business climate.

The Council received contract revenue from the County for 2021 and 2020 in the amount of $112,500 each year.

Port of Houston Authority

Under the contract agreement with the Port of Houston Authority (the “Port”), the Council has agreed to provide the following services:

1. Promulgating information related to the Port and its facility by including accurate and detailed information on the Port in promotional material produced to market Houston’s business environment; and

2. Publicizing Port activities in each issue of its quarterly newsletter and providing special mailing and promotions to support Port-related issues.

The Council received contract revenue from the Port in 2021 and 2020 in the amount of $40,000 each year.

Various Area Cities

Under the contract agreements with various area cities (the “Represented City”), the Council has agreed to provide the following services: