Explanation
Background: This legislation authorizes the Director of the Department of Development to enter into a contract in an amount up to $700,000.00 with One Columbus, formerly Columbus 2020.
One Columbus, the economic development organization for the 11 county Columbus Region, has set forth a vision for the Columbus Region to be the most prosperous region in the United States. Similar to the former Columbus 2020, One Columbus will continue to work in partnership with state and local partners, focused on helping existing businesses grow and compete, diversify the economy through the attraction of new businesses and support newly formed high-growth enterprises. The One Columbus strategy includes critical imperatives. The imperatives are as follows:
1. Sustain our economic momentum by continuing to make economic growth and prosperity a top priority.
2. Develop, inspire and attract a talented, adaptive and diverse workforce to compete for investment.
3. Enable the innovation capacity of businesses, academic and government sectors to grow dynamically.
4. Increase global identity and connectivity.
One Columbus is also committed to achieving greater results than the goals achieved by Columbus 2020 in the last decade. Growth predictions include a 10% to 15% increase in jobs, payroll, and investment while focusing on removing barriers to growth and prosperity. One Columbus will continue to work in partnership to generate opportunity and build capacity for economic growth
Emergency Justification: To authorize the Director to enter into contract with One Columbus in order to facilitate the resulting creation and retention of jobs.
Fiscal Impact: The funding for this contract ($700,000) is fully budgeted within Economic Development Division’s 2020 General Fund Budget.
Contract Compliance: The contract compliance number is 271509190 and expires 4/18/21.
Title
To authorize the Director of the Department of Development to enter into a contract with One ...
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