Explanation
BACKGROUND: This legislation authorizes the Director of the Department of Development to enter into a beneficiary grant agreement with Columbus State Community College, through their Small Business Development Center, in an amount up to $250,000.00 of Federal American Rescue Plan Act (ARPA) funds to provide continued program management services for the Columbus-Franklin County Small Business COVID-19 Response and Recovery Program and to pay for expenses starting April 1, 2023.
Ordinance 1201-2021 authorized the City of Columbus to accept and appropriate approximately $187,030,138.00 of federal American Rescue Plan Act (ARPA) funds as signed into law by the President of the United States on March 11, 2021.
It is expected that the guidance from the U.S. Department of Treasury will be modified while this beneficiary grant agreement is in effect and it is requested that the Director of Development be given the authority to modify the terms and conditions of the beneficiary grant agreement without seeking additional Council approval in order to align with the most current version of the laws, regulations, and guidance.
The Ohio Small Business Development Center at Columbus State Community College is a public / private partnership supported in part by the U.S. Small Business Administration, Ohio Development Services Agency, Columbus State Community College, the City of Columbus and other local partners. SBDC serves an eight county region including Delaware, Fairfield, Franklin, Licking, Logan, Madison, Pickaway, and Union counties.
SBDC is part of America’s Small Business Development Centers, a national network comprised of over 1000 Centers across the U.S. including 29 in Ohio. The Ohio SBDC Network provides one-on-one advising, by Certified Business Advisors, at no cost and conduct no or low cost business training. SBDC focuses on all industries and business needs from seed to maturity and everything stage in-between.
Emergency action is requested t...
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