Explanation
BACKGROUND: This legislation authorizes the Director of the Department of Development to enter into contract with The Central Ohio Minority Business Association (COMBA). COMBA is a non-profit agency founded in 1978. Through its programs and services, entrepreneurial development assistance and high-end business consulting is available to start-up and emerging, businesses. Services are provided at "no cost" to the client and all services are provided on a non-discriminatory basis.
During the last four years, COMBA has provided one-to-one consulting services to over 3500 existing and potential business persons. From these businesses, over 350 jobs were created and 650 jobs retained. The business owners were also awarded contracts in the amount of $25,000,000; and awarded loans in the amount of $8,644,087. Over 375 conferences and workshops were facilitated with over 8,014 participants in attendance.
This legislation authorizes the Director of the Department of Development to enter into contract with the Central Ohio Minority Business Association for $50,000.00 for administrative costs associated with increased employment opportunities and business growth in the City of Columbus.
FISCAL IMPACT: $50,000.00 has been allocated from the 2013 Jobs Growth Fund for this initiative.
Title
To authorize the Director of the Department of Development to enter into contract with the Central Ohio Minority Business Association for programs and services assisting start-up and emerging businesses; to authorize the appropriation of $50,000.00 from the 2013 Jobs Growth Fund to the Department of Development; to authorize the expenditure of $50,000.00 from the 2013 Jobs Growth Fund; and to declare an emergency. ($50,000.00)
Body
WHEREAS, the Central Ohio Minority Business Association (COMBA) is a non-profit agency founded in 1978; and
WHEREAS, COMBA provides entrepreneurial development assistance and high-end business consulting to start-up and emerging business through its programs and services; and
WHEREAS, COMBA services are provided at "no cost" to the client and all services are provided on a non-discriminatory basis; and
WHEREAS, $50,000 is available from the 2013 Jobs Growth Fund for administrative costs for COMBA; and
WHEREAS, COMBA desires to enter into an agreement with the City for programs and services assisting start-up and emerging businesses; and
WHEREAS, emergency action is requested to allow COMBA to continue providing services to start-up and emerging businesses in a timely manner; and
WHEREAS, an emergency exists in the usual daily operation of the Department of Development in that it is immediately necessary to appropriate and expend funds for administrative costs associated with COMBA, all for the immediate preservation of the public health, peace, property, safety and welfare; NOW, THEREFORE,
BE IT ORDAINED BY THE COUNCIL OF THE CITY OF COLUMBUS:
Section 1. That the Director of the Department of Development is hereby authorized to enter into contract with the Central Ohio Minority Business Association for programs and services assisting start-up and emerging businesses.
Section 2. That from the unappropriated monies in the Jobs Growth Fund, Fund 015, and from all monies estimated to come into said fund from any and all sources from the period ending December 31, 2013, the sum of $50,000.00 is hereby appropriated to the Department of Development, Division No.44-02, Object Level One-03, Object Level Three-3337, OCA Code 440215.
Section 3. That the expenditure of $50,000.00 or so much thereof as may be necessary, is hereby authorized to be expended from the Development Department, Economic Development Division, Division 44-02, Jobs Growth Fund, Fund 015, Object Level One-03, Object Level Three 3337, OCA 440215.
Section 4. That this contract is awarded pursuant to Section 329.15 of the Columbus City Codes, 1959 as amended.
Section 5. That the funds necessary to carry out the purpose of this ordinance are hereby deemed appropriated, and the City Auditor shall establish such accounting codes as necessary.
Section 6. That for the reason stated in the preamble hereto, which is hereby made a part hereof, this ordinance is hereby declared to be an emergency measure and shall take effect and be in force form and after its passage and approval by the Mayor, or ten days after passage if the Mayor neither approves nor vetoes the same.