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File #: 20-065    Version: 1 Name:
Type: General Business Status: Agenda Ready
File created: 1/17/2020 In control: Board of Trustees
On agenda: 1/28/2020 Final action:
Title: A Resolution of the Board of Trustees of the Town of Erie Approving a Services Agreement With Cosolve Inc. for Economic Development Services
Attachments: 1. Resolution, 2. Agreement, 3. Presentation

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