City of Columbus - File #: 1604-2006

• File #: 1604-2006
• Version: 1
• Type: Ordinance
• Status: Passed
• File created: 9/11/2006
• In control: Jobs and Economic Development Committee
• On agenda: 10/2/2006
• Final action: 10/4/2006
• Title: To authorize the appropriation of $85,000 within the Jobs Growth Fund to the Development Department; to authorize the Director of the Department of Development to amend an existing contract with the Columbus Chamber of Commerce pursuant to Ordinances 1245-2005 and 877-2006, to support a community-wide collaborative effort to attract and retain young professionals to the 315 Research + Technology Corridor and Columbus; to authorize the expenditure of $85,000 from the Jobs Growth Fund; and to declare an emergency ($85,000.00).

Date	Ver.	Action By	Action	Result
10/4/2006	1	MAYOR	Signed
10/4/2006	1	CITY CLERK	Attest
10/2/2006	1	Columbus City Council	Taken from the Table	Pass
10/2/2006	1	Columbus City Council	Approved	Pass
10/2/2006	1	COUNCIL PRESIDENT	Signed
9/18/2006	1	Columbus City Council	Tabled to Certain Date	Pass
9/13/2006	1	CITY CLERK (approver)	Reviewed and Approved
9/12/2006	1	Council Drafter	Sent for Approval
9/12/2006	1	Auditor Reviewer	Reviewed and Approved
9/12/2006	1	CITY AUDITOR	Reviewed and Approved
9/12/2006	1	Council Drafter	Sent for Approval
9/12/2006	1	CITY ATTORNEY	Reviewed and Approved
9/12/2006	1	Council Drafter	Sent to Clerk's Office for Council

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. Council has used the funds to promote specific initiatives that attract more research and knowledge-based companies into the city. A major effort 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.

The Corridor concept relies on interaction among community, government, business, industry, and academia whereby quality research and training in higher education institutions is used to develop, attract and retain knowledge-based, high-technology companies, in order to create high paying jobs for Columbus residents.

The City, in partnership with many institutions, including The Ohio State University, Battelle and the Greater Columbus Chamber, produced a Master Plan that catalogs the Corridor's physical and research assets, and a Business Implementation plan to facilitate such interaction and to enable the community to market the Corridor on a national and international basis. Subsequent project phases entail aggressive marketing, one aspect of which will include distribution of Corridor related information on CD-Rom, and the launching of a new effort though the Chamber designed as a community-wide collaborative effort to attract and retain young professionals to the Corridor and Columbus.

This ordinance amends an existing contract with the Columbus Chamber of Commerce to support the Young Professionals effort. The Greater Columbus Arts Council and Experience Columbus are contributing $20,000 each as partner-funders. This action will increase said contract from $153,000 to $238,000.

Emergency Action is requested so that an existing contract with the Columbus Chamber of Commerce can be amended ...