Explanation
BACKGROUND:
TechColumbus is a non-profit organization dedicated to providing a catalyst for technology-based economic development in Central Ohio. Once early stage companies reach a critical mass, they will make investments that qualify for more traditional job-based economic development programs. Companies that are fostered in the early stages of technology development programs are often ill prepared to effectively use more traditional job-based economic development programs. As part of the incubator process, technology companies need to be trained on the fundamentals of job-based economic development incentives.
This legislation authorizes the Director of Development to enter into an agreement with TechColumbus for administrative costs associated with providing training sessions on job-based economic development incentives. This ordinance authorizes the use of $15,000 of General Funds for that purpose.
Emergency action is requested to start the training sessions in a timely manner.
FISCAL IMPACT:
This legislation authorizes the expenditure of $15,000 from 2010 General Fund monies.
Title
To authorize the Director of the Department of Development to enter into a contract with TechColumbus for administrative costs associated with providing training sessions on job-based economic development incentives; to authorize the expenditure of $15,000.00 from the General Fund; and to declare an emergency. ($15,000.00)
Body
WHEREAS, TechColumbus is a non-profit organization dedicated to providing a catalyst for technology-based economic development in Central Ohio; and
WHEREAS, once early stage companies reach a critical mass, they will make investments that qualify for more traditional job-based economic development programs; and
WHEREAS, companies that are fostered in the early stages of technology development programs are often ill prepared to effectively use more traditional job-based economic development progra...
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