Explanation
BACKGROUND: This legislation authorizes the Director of the Department of Development to enter into a grant agreement with Ohio Minority Supplier Development Council (OMSDC) for the provision of business development services for a twelve-month period. The total amount of this grant agreement is $25,000.00.
Ohio Minority Supplier Development Council (OMSDC) will receive funding for the Minority Business Enterprise Success Institute. This new institute builds upon the key learnings of the MBE Academy and will provide training and development through a newly developed OSU Fisher College of Business curriculum that highlights operational excellence and success for businesses in Columbus.
Ohio Minority Supplier Development Council (OMSDC) has proposed to match the City’s funding in a 1:1 match. The City will execute an agreement with OMSDC when OMSDC demonstrates that the match commitment has been obtained.
Emergency action is necessary to avoid causing interruptions in the delivery of program services.
FISCAL IMPACT: Funding for these expenditures is allocated from the Jobs Growth Fund ($25,000.00).
Title
To approve the grant application of Ohio Minority Supplier Development Council (OMSDC) seeking financial assistance to address emergency human service needs pursuant to Columbus City Code; to authorize the appropriation and expenditure of $25,000.00 from the Jobs Growth Fund; to authorize the Director of Development to execute a grant agreement with Ohio Minority Supplier Development Council (OMSDC) for the provision of business development services; and to declare an emergency. ($25,000.00)
Body
WHEREAS, Ohio Minority Supplier Development Council (OMSDC) has submitted a grant application seeking financial assistance; and
WHEREAS, City Council is authorized to allocate funds annually to assist agencies in the city with the operating costs of delivering programs; and
WHEREAS, the Director of the Department of Development desires to enter into ...
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