Explanation
Background: The Department of Development seeks to enter into a contract with Columbus Compact Corporation in an amount not to exceed $150,000.00 to administer advising services for the Downtown Commercial Marketplace Program targeting small businesses.
The City of Columbus will launch a Downtown Commercial Marketplace Program to support up to ten existing businesses relocating or expanding to downtown Columbus to stimulate downtown commercial activity. The business advisor will assist the selected business in achieving financial success, measured through profit and loss statements through planning, counseling, and connecting businesses with other business development resources. The advisor will also be responsible for reaching out to neighboring small businesses to offer business counseling and to offer to connect the businesses to business development resources.
The Department utilized the Request for Proposals (RFP) process in accordance with City procurements standards to solicit proposals. Proposals were submitted in response to RFQ024861 in accordance with the relevant provisions of Chapter 329 of the Columbus City Codes.
After careful review, the Proposal Evaluation Committee selected Columbus Compact Corporation to administer advising services to small businesses participating in the Downtown Commercial Marketplace Program.
Columbus Compact aims to support businesses and economic development by creating assets. Currently, by providing small business development services for local business owners; and supporting central city revitalization by investing in the stabilization of real estate. Our overall objective is to assist in the capacity of Small Businesses (DBE/MBE/FBE/LMI); and empower them to achieve quantifiable and potentially sustainable growth.
As a non-profit, since 1995, the Columbus Compact dba Columbus Empowerment has a history of working with small businesses in general, a portion of which have been in the retail indus...
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