Explanation
BACKGROUND:
In 2006 the City of Columbus and the Columbus Chamber entered into a contract to pursue an economic development strategy to attract and retain young professionals. Next Generation Consulting was hired to study the current trends of young people in Columbus. As part of the contract they also provided an action plan to retain and attract young professionals to the area. To date, the research has been completed, the recommendations have been presented and approved, and implementation needs to be initiated. In order to implement the action plan the Columbus Chamber will hire a person to be responsible for the Young Professional's component of the attraction and retention talent.
This legislation authorizes the Director of the Department of Development to enter into an agreement with the Columbus Chamber for $40,000 as partial funding to hire a manager of the Young Professional's, a component of the attraction and retention initiative. The Chamber will provide additional funding for fringe benefits and administrative costs associated with the Young Professional's position.
Emergency action is requested to allow the Columbus Chamber to hire a person to oversee the Young Professional's initiative in a timely manner.
FISCAL IMPACT:
$40,000 has been allocated from the Jobs Growth Fund for this initiative.
Title
To authorize the appropriation of $40,000 to the Development Department within the Jobs Growth Fund; to authorize the Director of the Department of Development to enter into an agreement with the Columbus Chamber to support the Young Professionals Initiative; to authorize the expenditure of $40,000 from the Jobs Growth Fund; and to declare an emergency. ($40,000)
Body
WHEREAS, Next Generation Consulting (NGC) was hired to pursue an economic development strategy to attract and retain young professionals in the Columbus area; and
WHEREAS, to date, NGC completed the attraction and retention research, ...
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