Title
Resolution Authorizing Economic Development Appropriations to Non-Profit Entities for Fiscal Year 2018-2019
Body
Department: Executive
Council District: All
Public Hearing: June 5, 2018
Advertising Date/By: May 24, 2018 - City Clerk
Contact 1 and Phone: Barbara Harris, Assistant City Manager - Ext. 2002
Contact 2 and Phone: Kathi Dubel, Economic Development & Business Support Manager - Ext. 4579
PURPOSE:
To authorize on the proposed Fiscal Year 2018-2019 economic development appropriations.
BACKGROUND:
Pursuant to NCGS ? 158-7.1, the City Council must approve all economic development appropriations or expenditures after a public hearing. The following are proposed economic development appropriations and expenditures for FY 18-19:
(i) $100,000 to ArtsGreensboro for the Sustaining Arts Economic Momentum to stimulate new and increased private contributions;
(ii) $300,000 to the Greensboro Community Development Fund for the CDFI Loan Fund to provide loans to small and emerging business;
(iii) $100,000 to Greensboro Area Chamber of Commerce for the Launch Lab Accelerator Program to launch businesses and assist them as they grow, expand and hire with an emphasis on minority entrepreneurs and to hire interns to work on special projects;
(iv) $50,000 for Downtown Greensboro, Inc. for economic development services including new downtown marketing materials and business recruitment to downtown;
(v) $35,000 to the Piedmont Triad Film Commission for economic development activities to market the Greensboro region to recruit film and television programs;
(vi) $25,000 to Triad Local First for marketing and education programs;
(vii) $40,000 to Triad Stage for 2018-19 Main Stage Season;
(viii) $27,000 to the Carolina Theatre for a performing arts incubator;
(ix) $28,000 to the Community Theatre of Greensboro for the CTG education and outreach growth and sustainability project;
(x) $60,000 to Reading Connections for adult literacy instruction through ...
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