EDA GRANT APPLICATION TO US DEPARTMENT OF COMMERCE RECOMMENDATION: ADOPT RESOLUTION 14-1620 ACCEPTING A GRANT FROM THE U.S. ECONOMIC DEVELOPMENT AGENCY FOR THE CITY OF GOODYEAR BUSINESS INCUBATOR/ACCELERATOR PROGRAM STRATEGY; PROVIDING AUTHORIZATION AND DIRECTION TO TAKE ACTIONS AND EXECUTE DOCUMENTS NECESSARY TO CARRY OUT INTENT OF THE RESOLUTION. PURPOSE: The Economic Development Administration’s (EDA) mission is to lead the Federal economic development agenda by promoting innovation and competitiveness and preparing American regions for growth and success in the worldwide economy. EDA implements this mission by making strategic investments that encourage private sector collaboration and creation of higher-skill, higher wage jobs. Through this $150,000 grant, the City will commission a detailed feasibility, real estate and implementation strategy for a business incubator/accelerator program. (Christine McMurdy, Grants Administrator)

Committee

City Council Regular Meeting

Introduced

April 17, 2014

On agenda

April 28, 2014

Passed

April 28, 2014