Explanation
BACKGROUND:
In Ordinance No. 0740-2025, the Department of Development sought to renew a contract, Renewal No. 1, with Columbus Compact Corporation in an amount not to exceed $178,501.87 to administer small business advising services for the Downtown Ground Floor Growth Initiative (formerly the Downtown Commercial Marketplace program). However, the renewal was not executed before expiration of the original agreement. This legislation will authorize the repeal of Ordinance 0740-2025.
This legislation seeks to authorize the Department of Development to enter into a new not-for-profit service contract in an amount up to $178,501.87. The contract authorized by this legislation also includes a broader scope than the attempted renewal authorized in 0740-2025.
The City of Columbus seeks to support small businesses in downtown Columbus to support the stimulation of downtown commercial activity. As a downtown business advisor, Columbus Compact Corporation assists the business in achieving financial success, measured through profit and loss statements through planning, counseling, and connecting businesses with other business development resources.
For the original agreement, 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 downtown. RFQ024861 authorized up to two renewals. This legislation seeks to enter into a new not for profit services contract that updates the scope of services and that clarifies that Columbus Compact shall serve all downtown small businesses.
Columbus Compact aims to support businesses and economic development by creating assets. Currently, this is executed by providing small b...
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