Explanation
BACKGROUND: This legislation authorizes the Director of the Department of Development to amend contract EL014826 with the Economic and Community Development Institute (ECDI) for the continuation of the WIN Entrepreneurial Program. The amendment will extend the contract to December 1, 2015 and increase the contract amount by $100,000 for a new contract total of $225,000. Columbus City Council, per ordinance 1730-2013 approved on July 15, 2013, authorized the Director of Development to enter into contract with ECDI for the creation and implementation of the Workplace Incubator Network (WIN) Entrepreneurial Program. The WIN Entrepreneurial Program is an essential small business development program that offers technical assistance and office space needed to help Columbus entrepreneurs in the early stage of business development.
ECDI provides a network of comprehensive support to build the economic and social capacities of individuals, families, enterprises and communities. ECDI has become a leader in the field of micro lending, providing microenterprise training to an underserved population including minorities, immigrants, refugees, low-income recipients and the working poor. This allocation is for the purpose of continuing the WIN Entrepreneurial Program.
Emergency action is requested to ensure the uninterrupted continuation of the WIN Entrepreneurial Program with the Economic and Community Development Institute.
FISCAL IMPACT: Columbus City Council has allocated $100,000 from the 2014 Jobs Growth Fund for the continuation of the ECDI WIN Entrepreneurial Program.
Title
To authorize the Director of the Department of Development to amend the Workplace Incubator Network (WIN) Entrepreneurial Program contract with the Economic and Community Development Institute; to authorize the appropriation and expenditure of $100,000.00 from the Jobs Growth Fund; and to declare an emergency. ($100,000.00)
Body
WHEREAS, this legislation authorizes the...
Click here for full text