Explanation
BACKGROUND: This legislation authorizes the Director of the Department of Development to execute a grant agreement with Columbus Downtown Development Corporation (“CDDC”) to provide funding to support small businesses.
Small businesses make up the crux of the Downtown retail community, adding vibrancy and first floor activation to the streets. As Downtown Columbus continues to recover from the COVID-19 pandemic, the City and CDDC share the goal of helping small businesses thrive. In furtherance of this shared goal, CDDC will provide certain administrative and outreach support services to stimulate the small business environment in Downtown Columbus as further described herein.
The City will enter into a grant agreement with Columbus Downtown Development Corporation (“CDDC”) in the total amount of $150,000 over three years in order to provide financing for a liaison for Downtown small businesses to the City of Columbus.
EMERGENCY JUSTIFICATION: Emergency legislation is required to allow for immediate execution of the grant agreement, which is necessary to avoid a delay in providing administrative and outreach support services to stimulate the small business environment in Downtown Columbus.
FISCAL IMPACT: Funding is available in the Neighborhood Economic Development fund (2237).
Title
To authorize the Director of the Department of Development to enter into a grant agreement with the Columbus Downtown Development Corporation to support small businesses in an amount up to $150,000.00; to authorize the appropriation and expenditure of up to $150,000.00; and to declare an emergency. ($150,000.00)
Body
WHEREAS, the City seeks to enter into a three-year grant agreement in the total amount of $150,000 with CDDC in order to provide financing for a liaison for Downtown small businesses to the City of Columbus; and
WHEREAS, CDDC’s liaison will meet regularly with relevant stakeholders to fully understand current issues, perceptions, and realities of ...
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