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 continue. In order to continue the implementation of the action plan the Columbus Chamber will continue employment of a person to be responsible for the Young Professional's component of the attraction and retention initiative.
This legislation authorizes the Director of the Department of Development to enter into an agreement with the Columbus Chamber for $70,000.00 as partial funding to continue employment of 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 continue program services without interruption.
FISCAL IMPACT: $70,000.00 has been allocated from the 2010 General Fund for this initiative.
Title
To authorize the Director of the Department of Development to enter into an agreement with the Columbus Chamber to continue support of the Young Professional's initiative; to authorize the expenditure of $70,000.00 from the General Fund; and to declare an emergency. ($70,000.00)
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, the recommendations have been presented and approved, and impl...
Click here for full text