City of Racine - File #: 11-6059

• File #: 11-6059
• Version: A
• Name: City of Racine Entrepreneurship Initiative
• Type: Communication
• Status: Passed
• File created: 2/7/2011
• In control: Finance and Personnel Committee
• Final action: 4/18/2011
• Title: Subject: (Direct Referral) A communication from the Executive Director of the Racine County Economic Development Corporation requesting an opportunity to discuss the City of Racine Entrepreneurship Initiative. (Res.11-2485) Recommendation of the Economic Development Committee on 2-14-11: Defer action on the Entrepreneurship initiative memo until the next Economic Development Committee meeting. Recommendation of the Economic Development Committee on 3-22-11: Approve the Small Business Development Initiative and refer to other city committees (Redevelopment Authority and Community Development Committee) for funding. Recommendation of the Redevelopment Authority on 4-4-11: That $69,400.00 from the Intergovernmental Revenue Sharing Fund be used for the Entrepreneurship Initiative contract for 2011. Further recommends, that the Mayor and City Clerk be authorized and directed to enter into the agreement with RCEDC. Further recommends, that the proposed agreement be referred to the Fina...
• Related files: Res.11-2485

Date	Ver.	Action By	Action	Result
4/18/2011	A	Common Council	Approved as Presented	Pass
4/11/2011	A	Finance and Personnel Committee
4/6/2011	A	Common Council	Referred	Pass
4/4/2011	A	Redevelopment Authority of the City of Racine
3/22/2011	A	Economic Development Committee	Recommended For Approval	Pass
2/14/2011	A	Economic Development Committee

Title

Subject: (Direct Referral) A communication from the Executive Director of the Racine County Economic Development Corporation requesting an opportunity to discuss the City of Racine Entrepreneurship Initiative.  (Res.11-2485)

Recommendation of the Economic Development Committee on 2-14-11: Defer action on the Entrepreneurship initiative memo until the next Economic Development Committee meeting.

Recommendation of the Economic Development Committee on 3-22-11: Approve the Small Business Development Initiative and refer to other city committees (Redevelopment Authority and Community Development Committee) for funding.

Recommendation of the Redevelopment Authority on 4-4-11: That $69,400.00 from the Intergovernmental Revenue Sharing Fund be used for the Entrepreneurship Initiative contract for 2011.

Further recommends, that the Mayor and City Clerk be authorized and directed to enter into the agreement with RCEDC.

Further recommends, that the proposed agreement be referred to the Finance and Personnel Committee of the Common Council for its review and approval.

Fiscal Note: The funds are available in the city's 2011 capital budget, account no. 919.00.5610.

Recommendation of the Finance & Personnel Committee on 4-11-11:  Recommend the use of $69,400 from the Intergovernmental Revenue Sharing Fund for the Racine Entrepreneurship Initiative and that the City Clerk and Mayor be authorized and directed to enter into an agreement with RCEDC.

Fiscal Note: The funds are available in the city's 2011 capital budget, account no. 919.00.5610.