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File #: O-343-19    Version: 1 Name:
Type: Ordinance Status: Approved
File created: 7/9/2019 In control: Development Department
On agenda: 7/23/2019 Final action: 8/6/2019
Title: Authorizing the disappropriation of $50,000 from the General Fund; authorizing the appropriation and expenditure of $50,000 from the General Fund for the JumpStart Program; authorizing the mayor to enter into an agreement with JumpStart Inc.; waiving the competitive bidding requirements of TMC Chapter 187; and declaring an emergency.
Attachments: 1. Audio: Agenda Review 7/16/2019, 2. Audio: City Council 8/6/2019
Label
Jumpstart Program
Department of Neighborhoods & Business Development
Amy Odum (3647)
(Revised)

Title
Authorizing the disappropriation of $50,000 from the General Fund; authorizing the appropriation and expenditure of $50,000 from the General Fund for the JumpStart Program; authorizing the mayor to enter into an agreement with JumpStart Inc.; waiving the competitive bidding requirements of TMC Chapter 187; and declaring an emergency.

Body
This ordinance authorizes the expenditure of funds for the JumpStart Program and authorizes the mayor to enter into an agreement with JumpStart Inc.

JumpStart Inc. seeks to assist diverse, ambitious entrepreneurs historically disconnected from services to grow their businesses and secure and grow jobs in the City of Toledo, creating economic opportunity within city neighborhoods. To achieve this objective, JumpStart has established an office in Toledo, building local capacity to offer technical assistance to entrepreneurs from the earliest stages through to later stages of growth. The JumpStart team in Toledo will deliver assistance to small business owners through call-to-action and outreach events, one-on-one office hours, a mentoring program, and a 12-week accelerator program. Additionally, JumpStart will bring together Toledo's existing small business service provers to form a Small Business Growth Collaborative, enabling service providers to collaborate (not compete) to serve entrepreneurs. JumpStart will make available grant dollars for the collaborators, to help build capacity within the partner organizations and to address service gaps that the collaborators identify as lacking in the ecosystem. Over four years, this work will serve over 300 small businesses who will grow 500 jobs in the City of Toledo.

The fiscal impact of this ordinance is as follows:
- The total amount of funds requested: $50,000
- The expenditure budget line item: 1001-16400-537410-5661001STDSTD; reappropriated from 1001-16400-55890...

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