Explanation
BACKGROUND: Passage of this ordinance will enable Columbus City Council to expend $34,000.00 from the Jobs Growth Fund to enter into a contract with the Economic and Community Development Institute (ECDI), in accordance with Section 329.15 of the Columbus City Code, for continued development, implementation and management of the 2014/2015 City of Columbus KickStart and KickStart Widget Pitch contests. KickStart is a business plan competition that will again award various prizes related to business development, including free, sponsor-provided, lease space, and other sponsor/partner services. KickStart Widget Pitch is a competitive contest focusing specifically on business products, and allows finalists to present business ideas, concepts, and products to an investor panel for potential private funding.
Support of this project and event aligns with Columbus City Council's priority of promoting opportunities for small business development, job creation, and technology integration into worker skill sets.
FISCAL IMPACT: This ordinance authorizes an expenditure of $34,000.00 from the Jobs Growth Fund for the sponsorship of the City of Columbus KickStart and KickStart Widget Pitch contests. City Council added funding to the Jobs Growth Fund as part of its 2014 budget amendments specifically for this program.
EMERGENCY DESIGNATION: It is requested that this Ordinance be handled in an emergency manner due to the time sensitive deadlines.
Title
To authorize Columbus City Council to enter into a contract with the Economic and Community Development Institute (ECDI), in accordance with Section 329.15 of the Columbus City Code, for continued development, implementation and management of the 2014/2015 City of Columbus KickStart and KickStart Widget Pitch contests; to authorize an appropriation in the Jobs Growth Fund; to authorize the expenditure of $34,000.00 from the Jobs Growth Fund; and to declare an emergency. ($34,000.00)
Body
WHEREAS, small busines...
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