Explanation
BACKGROUND
This legislation authorizes the Director of Development to modify the contract with Next Street for Professional Economic Development Consultancy Services. The modification shall add $60,000 to the original contract to authorize the remaining scope of work. The scope of services shall remain as originally negotiated.
Original contract amount $130,000 Ord. 2947-2018, PO149715
Modification No. 1 amount $ 60,000
Total contract amount $190,000
When the original ordinance was submitted (Ord. 2947-2018), the Department was in the early stages of contract negotiations and the final fee amount was not known at that time. The contract has been negotiated with a total fee of $190,000. Under the authority of the original ordinance, the consultant has been authorized to proceed with work up to the amount of $130,000 and approval of this ordinance will allow the department to authorize the remaining amount of work originally negotiated.
The Economic Development Division will work with Next Street to assess the city-wide ecosystem of small business. The City of Columbus embraces the fact that effective entrepreneurship-based development is more likely to succeed when it is based on research that identifies existing assets and gaps, is inclusive of all stakeholders, driven by collaboration, and is used to develop actionable and measurable strategies. Therefore, it is the intentions of the City, by commissioning this study, to develop and present an entrepreneurial development framework and small business agenda for comprehensive and inclusive entrepreneurship-based economic development. In developing these outcomes, the City wishes to provide a conduit for various groups to provide input by way of the value of their individual and collective experiences in helping to shape a small business agenda for the City that can be supported through public policies and varying budgetary processes over a specific period of time.
Emergency action is reque...
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