SUBJECT: Resolution
Title
A Resolution of the Board of Trustees of the Town of Erie Approving a Services Agreement With Cosolve Inc. for Economic Development Services
Body
DEPARTMENT: Economic Development
PRESENTER: Ben Pratt, Economic Development Director
TIME ESTIMATE: 10 minutes
only required for non-consent items
FISCAL INFORMATION:
Cost as Recommended: $100,000
Balance Available: $50,000
Budget Line Item Number: 100-20-910-570000
New Appropriation Required: Yes
STAFF RECOMMENDATION:
Recommendation
Approve sponsorship of CoSolve Erie and appropriate additional funds.
End
SUMMARY AND BACKGROUND OF SUBJECT MATTER:
As part of the Town’s effort to provide immediate and accessible assistance to small businesses, Sponsorship in CoSolve will allow the Town to facilitate many small business services that would otherwise not be available. This investment is an essential first step to creating the entrepreneurial ecosystem necessary to start, grow and expand businesses. It will help facilitate the following:
Community Development
• Gatherings
• Programming
• Community Outreach
• Arts
• Front Range Community College
• Industry Engagement
• Sponsorship Development
Business Services
• Business Incubator
• Events
• Programming
• Mentorship Development
• Competitive Programs (Pits Competition)
• Erie
Evergreen Angel Investor Fund
General Operations
• Facilities
• Employees
• Furniture, Fixtures & Equipment
• Network Operations
• Enhanced Old Town WiFi
This is to jumpstart the community investment with the hopes it is equally (and beyond) matched by local businesses, investors and institutions.
ATTACHMENTS:
1. Resolution
2. Agreement
3. Presentation