City of Columbus - File #: 0301-2007

• File #: 0301-2007
• Version: 2
• Type: Ordinance
• Status: Passed
• File created: 2/14/2007
• In control: Development Committee
• On agenda: 3/12/2007
• Final action: 3/15/2007
• Title: To authorize the appropriation of $130,000 within the Jobs Growth Initiatives Fund to the Development Department; to authorize the Director of the Department of Development to enter into an agreement with TechColumbus for the purpose of supporting efforts to attract and grow businesses in the 315 Research + Technology Corridor; implementing components of the strategic and business plans related to the 315 Research + Technology Corridor; to authorize the expenditure of $130,000 from the Jobs Growth Initiatives Fund; and to declare an emergency ($130,000).

Date	Ver.	Action By	Action	Result
3/15/2007	2	CITY CLERK	Attest
3/14/2007	2	MAYOR	Signed
3/12/2007	1	Columbus City Council	Taken from the Table	Pass
3/12/2007	2	Columbus City Council	Amended as submitted to the Clerk	Pass
3/12/2007	2	Columbus City Council	Approved as Amended	Pass
3/12/2007	2	COUNCIL PRESIDENT	Signed
3/5/2007	1	Columbus City Council	Tabled Indefinitely	Pass
2/22/2007	1	CITY ATTORNEY	Reviewed and Approved
2/22/2007	1	Dev Drafter	Sent to Clerk's Office for Council
2/21/2007	1	FINANCE DIRECTOR	Reviewed and Approved
2/21/2007	1	Dev Drafter	Sent for Approval
2/21/2007	1	Auditor Reviewer	Reviewed and Approved
2/21/2007	1	CITY AUDITOR	Reviewed and Approved
2/21/2007	1	Dev Drafter	Sent for Approval
2/20/2007	1	Dev Drafter	Sent for Approval
2/20/2007	1	Finance Reviewer	Reviewed and Approved
2/20/2007	1	Finance Reviewer	Reviewed and Approved
2/16/2007	1	Dev Drafter	Sent for Approval
2/16/2007	1	DEVELOPMENT DIRECTOR	Reviewed and Approved

Explanation

BACKGROUND:
City Council amended the 2005 and 2006 budgets to create a $2 million Job Growth Initiatives Fund to help create more jobs for Columbus residents. The focus on job growth is a primary policy objective of both Council and the Mayor. The City has used Jobs Growth Initiatives funds to promote specific initiatives that attract more research and knowledge-based companies into the city. A major effort here has been the 315 Research + Technology Corridor project launched in 2005. This project takes advantage of the intense grouping of world-class research, science and technology institutions and companies that exist along the State Route 315. One partner in this effort is TechColumbus, itself a partner working to provide the catalyst for technology-based economic development in the next decade in Central Ohio.

This legislation authorizes the Director of Development to enter into an agreement with TechColumbus for the purpose of supporting efforts to attract and grow businesses in the 315 Research + Technology Corridor. A business and a strategic plan to guide future development in the Corridor were produced in the summer of 2006. It is now time to implement recommendations contained therein. This ordinance authorizes the use of $130,000 of General Funds to contract with TechColumbus for that purpose.

Emergency action is requested to continue the administration of the above activity.

FISCAL IMPACT:
This legislation authorizes the appropriation and expenditure of $130,000 from the $2 million Job Growth Initiative Fund established by City Council.


Title

To authorize the appropriation of $130,000 within the Jobs Growth Initiatives Fund to the Development Department; to authorize the Director of the Department of Development to enter into an agreement with TechColumbus for the purpose of supporting efforts to attract and grow businesses in the 315 Research + Technology Corridor; implementing components of the strategic and b...