Explanation
Background: This legislation authorizes the Director of the Department of Development to enter into a contract in an amount up to $700,000.00 with One Columbus, formerly Columbus 2020.
One Columbus, the economic development organization for the 11 county Columbus Region, has set forth a vision for the Columbus Region to be the most prosperous region in the United States. Similar to the former Columbus 2020, One Columbus will continue to work in partnership with state and local partners, focused on helping existing businesses grow and compete, diversify the economy through the attraction of new businesses and support newly formed high-growth enterprises. The One Columbus strategy includes critical imperatives. The imperatives are as follows:
1. Sustain our economic momentum by continuing to make economic growth and prosperity a top priority.
2. Develop, inspire and attract a talented, adaptive and diverse workforce to compete for investment.
3. Enable the innovation capacity of businesses, academic and government sectors to grow dynamically.
4. Increase global identity and connectivity.
One Columbus is also committed to achieving greater results than the goals achieved by Columbus 2020 in the last decade. Growth predictions include a 10% to 15% increase in jobs, payroll, and investment while focusing on removing barriers to growth and prosperity. One Columbus will continue to work in partnership to generate opportunity and build capacity for economic growth
Emergency Justification: To authorize the Director to enter into contract with One Columbus in order to facilitate the resulting creation and retention of jobs.
Fiscal Impact: The funding for this contract ($700,000) is fully budgeted within Economic Development Division’s 2020 General Fund Budget.
Contract Compliance: The contract compliance number is 271509190 and expires 4/18/21.
Title
To authorize the Director of the Department of Development to enter into a contract with One Columbus in an amount up to $700,000.00 for economic development activities associated with business relocation, expansion, and retention as well as other activities related to the City of Columbus’s continued interest in workforce development, marketing, and entrepreneurship; to authorize the expenditure of $700,000.00 from the 2020 General Fund Operating Budget; and to declare an emergency. ($700,000.00)
Body
WHEREAS, One Columbus is a private, nonprofit entity that seeks to leverage Central Ohio’s diverse industries, research and academic institutions, and entrepreneurship to position Columbus to become the fastest growing economy in the country and one of the nation’s leaders in economic development; and
WHEREAS, the One Columbus initiative, an aggressive economic development strategy, will grow the economy by ensuring that the existing companies are growing and thriving, attract new companies to the community, and encourage innovation; and
WHEREAS, these funds also represent commitment by One Columbus to the City's ongoing interests and efforts related to workforce development, marketing, entrepreneurship, and infrastructure; and
WHEREAS, One Columbus is committed to employ a workforce that is reflective of the City of Columbus; and
WHEREAS, the City of Columbus would like to continue providing funding to One Columbus to leverage economic development resources for the Columbus community without interruption; and
WHEREAS, One Columbus, on behalf of the City of Columbus, has agreed to aggressively pursue these interests in a mutually supportive manner; and
WHEREAS, an emergency exists in the usual daily operation of the Department of Development in that it is immediately necessary to authorize the Director to enter into contract with One Columbus in order to facilitate the resulting creation and retention of jobs, such immediate action being necessary for the preservation of the public health, peace, property and safety; NOW, THEREFORE,
BE IT ORDAINED BY THE COUNCIL OF THE CITY OF COLUMBUS:
SECTION 1. That the Director of the Department of Development is authorized to enter into a contract with One Columbus for economic development activities associated with business relocation, expansion, and retention as well as other activities related to the City's continued interest in workforce development, marketing, and entrepreneurship.
SECTION 2. That for the purpose stated in Section 1, the expenditure of $700,000.00 or so much thereof as may be needed, is hereby authorized in Fund 1000 (General Fund), Dept. 44-02 (Economic Development), in Object Class 03 (Contractual Services) per the accounting codes in the attached to this ordinance.
SECTION 3. That this contract is awarded in accordance with the relevant provisions of City Code Chapter 329 relating to not-for-profit service contracts.
SECTION 4. That the funds necessary to carry out the purpose of this ordinance are hereby deemed appropriated, and the City Auditor shall establish such accounting codes as necessary.
SECTION 5. That the City Auditor is authorized to make any accounting changes to revise the funding source for all contracts or contract modifications associated with this ordinance
SECTION 6. That, for the reasons stated in the Preamble hereto, which is hereby made a part hereof, this Ordinance is hereby declared to be an emergency measure and shall take effect and be in force from and after its passage and approval by the Mayor or ten days after the passage if the Mayor neither approves nor vetoes the same.