Explanation
This legislation authorizes the Director of the Department of Development to enter into a contract in an amount up to $700,000 with One Columbus, formerly known as 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, focus 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, and
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.
The services included in this contract cannot be provided by existing city employees because these services are beyond the City’s current staffing capacity to provide.
Emergency Justification: To authorize the Director to enter into contract with One Columbus to facilitate the resulting creation and retention of jobs.
Fiscal Impact: The funding for this contract ($700,000) is fully budgeted within the Economic Development Division’s 2021 General Fund Budget.
Contract Compliance: The...
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