Saint Paul logo
Share to Facebook Share to Twitter Bookmark and Share
File #: RES PH 11-1000    Version: 1
Type: Resolution-Public Hearing Status: Passed
In control: City Council
Final action: 8/3/2011
Title: Authorizing the Department of Planning and Economic Development to apply for, accept, and amend the 2011 Budget for, an additional $25,000 grant from the Minnesota Department of Employment and Economic Development for the Accelerate MSP Program.
Sponsors: Dave Thune
Attachments: 1. RES PH 11-1000 2011-AttachmentAEntrepreneurialAcceleratorAmended2.pdf
Title
Authorizing the Department of Planning and Economic Development to apply for, accept, and amend the 2011 Budget for, an additional $25,000 grant from the Minnesota Department of Employment and Economic Development for the Accelerate MSP Program.

Body
WHEREAS, the mission statement of Accelerate MSP is to catalyze and accelerate regional economic growth by providing the expertise, assistance, and capital necessary to help transform innovative, high-potential opportunities into high-value start-ups and companies; and

WHEREAS, this initiative will pursue three goals, namely: (1) develop, fund and implement strategies to stimulate regional entrepreneurship and will partner with JumpStart Community Advisors and other regional stakeholders; (2) partner with the Brookings Institution to work with the Obama Administration to identify opportunities for reform in the way that the federal government invests in metropolitan areas; and (3) emphasize entrepreneurship among women, communities of color and immigrants; and

WHEREAS, by Council Resolution No. 11-551 the City Council approved the application for and acceptance of $175,000 of grants for this program; and

WHEREAS, City staff has identified another $25,000 grant ("Grant") from the Minnesota Department of Employment and Economic Development-Science and technology ("DEED") that is available to fund this program; and

WHEREAS, the City Council is being requested to authorize the Director of the Department of Planning and Economic Development to apply for the Grant; and

WHEREAS, upon the approval and issuance of the Grant the City Council is being requested to authorize the acceptance of the Grant; and

WHEREAS, the Mayor, pursuant to Section 10.07.1 of the Charter of the City of Saint Paul, upon approval and issuance of the Grant, does hereby certify that $25,000.00 in funds are available for appropriation in excess of those estimated in the 2011 budget and recommends the changes to the 2011 b...

Click here for full text
Date NameDistrictOpinionCommentAction
No records to display.